Businesses can create value from their innovation by introducing new products or services, improving operational efficiency, differentiating in the market, establishing strategic partnerships, and expanding into new markets. Innovation enables them to adapt, differentiate, and meet market needs, leading to growth and profitability.
Related processes:
Evaluation of the reproduction or replacement cost of the technology.
Consideration of depreciation and obsolescence of technological assets.
Market analysis to determine current prices
of technological components.
Mathematical formulas:
Reproduction or replacement cost:
This can be calculated by adding the cost of materials and labor required to create or replace the technology.
Depreciation: It can be calculated using methods such as straight-line depreciation or accelerated depreciation, where the estimated useful life of the technology and the corresponding depreciation rate are considered.
Final value: The final value of the technology is obtained by subtracting the accumulated depreciation from the initial reproduction or replacement cost.
The cost approach method is a real estate appraisal method that estimates the value of a property by evaluating the cost of reproducing or replacing it with a similar one at current market prices, considering depreciation and obsolescence.
GROUP NUMBER 212032_132
Date April 4th, 2024
Full name: Anyela Gabriela Serna Lopez
The selected topic:
