Abstract
The research on new and innovative solutions, technologies and products carried out on an industrial scale is the most reliable method of verifying the validity of their implementation. The results obtained in this research method give almost one hundred percent certainty although, at the same time, the research on an industrial scale requires the expenditure of the highest amount of money. Therefore, this method is not commonly applied in the industrial practices. In the case of the decision to implement new and innovative technologies, it is reasonable to carry out industrial research, both because of the cognitive values and its economic efficiency. Research on an industrial scale may prevent investment failure as well as lead to an improvement of technologies, which is the source of economic efficiency. In this paper, an evaluation model of economic efficiency of the industrial scale research has been presented. This model is based on the discount method and the decision tree model. A practical application of this proposed evaluation model has been presented based on an example of the coal charge pre-drying technology before coke making in a coke oven battery, which may be preceded by industrial scale research on a new type of coal charge dryer.
Highlights
The development and level of knowledge have a key meaning for the progress of a civilization
The empirical studies are important in business activities. They allow for the practical application of the theoretical research results by developing methods and techniques that can be used in production processes and, for the creation of innovations [7]
* Corresponding author: piotr.zarczynski@arcelormittal.com conducting the scientific research focused on the innovations development, it is extremely important to engage in the study both the scientific institutions and the economic ones, as this helps in their practical orientation from the very beginning
Summary
The development and level of knowledge have a key meaning for the progress of a civilization. The empirical studies are important in business activities They allow for the practical application of the theoretical research results by developing methods and techniques that can be used in production processes and, for the creation of innovations [7]. The best way to conduct the research related to new and innovative solutions, technologies or products is to carry out the entire research cycle including the basic (theoretical), laboratory and implementation (industry) research. This last stage includes the transfer of results of basic and laboratory research on an industrial scale - the transition from models and prototypes to the mass production phase. Further on in the paper, an evaluation model has been presented of economic efficiency of the industrial scale research based on the discount method and the decision tree model
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
