An Approach to Modeling Innovation Obsolescence

Abstract

Currently, the Fourth Industrial Revolution (FIR) has a very strong impact on innovation activity and innovation obsolescence. In order to formulate a methodology for the selection of alternative solutions, it is necessary not only to take into account the impacts of FIR, but also to choose an approach for modeling innovation obsolescence. The aim is to propose a new approach for modeling innovation obsolescence, in which the influencing factors will already be present in the innovation development methodology.

Innovative Obsolescence in Mechanical Engineering and Singleness of Indicators

“…The search for the best solutions for determining the production possibilities creates conditions that also lead to the search for different forms of optimization of this process. The parameters and indicators that characterize the state of production facilities and determine their capacity can be divided into two types [14,15]  The manifestation of innovation obsolescence is expressed with an impact on engineering structures, processes and industrial products.…”