Title :
Basis of innovation investment into new technologies of mechanical engineering
Author_Institution :
Center Transp., Omsk, Russia
Abstract :
This paper discusses how new technologies can be used to improve rolling stock repair initiatives. An optimal financing policy for innovation investment can be achieved by taking into account the assumed technical and economic impact. An effective way to solve the problem of innovation investment is to analyze the vulnerable units of the rolling stock as well as to analyze the project costs for modernization. This allows equal distribution of expenditures and compensation of costs during the early stages. Solving similar problems is also possible by simulating the economic situation including the analysis of financial flows, risks, and market opportunities.
Keywords :
costing; investment; mechanical engineering; railway engineering; risk analysis; innovation investment; mechanical engineering; optimal financing policy; railroad engineering; rolling stock repair initiatives; Costs; Failure analysis; Investments; Large-scale systems; Mechanical engineering; Production; Railway engineering; Reliability engineering; Technological innovation; Testing;
Conference_Titel :
Modern Techniques and Technologies, 2003. MTT 2003. Proceedings of the 9th International Scientific and Practical Conference of Students, Post-graduates and Young Scientists
Conference_Location :
Tomsk
Print_ISBN :
0-7803-7669-2
DOI :
10.1109/SPCMTT.2003.1438154