Approach for the monetary evaluation of process innovations in early innovation phases focusing on manufacturing and material costs

Approach for the monetary evaluation of process innovations in early innovation phases focusing on manufacturing and material costs (Production Engineering, (2024), 18, 1, (169-189), 10.1007/s11740-023-01223-5)

verfasst von: Tabea Marie Demke, Nicole Emminghaus, Ludger Overmeyer, Stefan Kaierle, Christian Klose, Susanne Elisabeth Thürer, Berend Denkena, Benjamin Bergmann, Florian Schaper, Peter Nyhuis, Vivian Katharina Kuprat
Abstract: In early innovation phases, the monetary evaluation of process innovations is a challenge for companies due to a lack of data. However, an innovation evaluation is essential in an early innovation phase to ensure that process innovations deliver economic value added (EVA) in early innovation phases and to channel technology transfer expenditures in a goal-oriented manner. This paper presents an approach for a semi-quantitative procedure for the monetary evaluation of process innovations in the early innovation phase focusing on manufacturing and material costs. Exemplarily, the approach is applied to process innovations of the Collaborative Research Center 1368 on oxygen-free production. In order to ensure the net present value orientation within the innovation evaluation, the procedure developed is based on a driver tree of the EVA. To link value drivers of the EVA and innovation-driven factors influencing EVA, the EVA driver tree is further systematized with a focus on manufacturing and material costs using a literature-based impact model. Based on the last level of the impact model, a guideline for a semi-structured expert interview is developed. Using this interview guideline, data is collected in the form of innovation-driven influencing factors, which represent the input for the final monetary innovation evaluation. An adapted weighted scoring model is used to draw a semi-quantitative conclusion regarding the EVA achieved by the process innovation. The practical application of the approach developed to process innovations in oxygen-free production has shown that, in the context of three process innovations under consideration, their implementation with the aim of achieving an EVA through reduced manufacturing and material costs at the current innovation status is not effective. However, based on the impact model developed, corresponding levers can be identified to positively influence the EVA and thus also the industrialization of the process innovation. Finally, further necessary steps are identified to evolve the presented approach into a complete method for monetary innovation evaluation in early innovation phases.
Organisationseinheit(en): Institut für Fabrikanlagen und Logistik
Produktionsmanagement
Institut für Transport- und Automatisierungstechnik
Institut für Werkstoffkunde
Institut für Fertigungstechnik und Werkzeugmaschinen
Externe Organisation(en): Laser Zentrum Hannover e.V. (LZH)
Typ: Artikel
Journal: Production Engineering
Band: 18
Seiten: 169-189
Anzahl der Seiten: 21
ISSN: 0944-6524
Publikationsdatum: 02.2024
Publikationsstatus: Veröffentlicht
Peer-reviewed: Ja
ASJC Scopus Sachgebiete: Maschinenbau, Wirtschaftsingenieurwesen und Fertigungstechnik
Ziele für nachhaltige Entwicklung: SDG 9 – Industrie, Innovation und Infrastruktur
Elektronische Version(en): https://doi.org/10.1007/s11740-023-01223-5 (Zugang: Offen)
https://doi.org/10.1007/s11740-023-01255-x (Zugang: Offen)

BibTeX

@article{899a16cee91f42a8bef8ad30f7e185cd,
title = "Approach for the monetary evaluation of process innovations in early innovation phases focusing on manufacturing and material costs: Approach for the monetary evaluation of process innovations in early innovation phases focusing on manufacturing and material costs (Production Engineering, (2024), 18, 1, (169-189), 10.1007/s11740-023-01223-5)",
abstract = "In early innovation phases, the monetary evaluation of process innovations is a challenge for companies due to a lack of data. However, an innovation evaluation is essential in an early innovation phase to ensure that process innovations deliver economic value added (EVA) in early innovation phases and to channel technology transfer expenditures in a goal-oriented manner. This paper presents an approach for a semi-quantitative procedure for the monetary evaluation of process innovations in the early innovation phase focusing on manufacturing and material costs. Exemplarily, the approach is applied to process innovations of the Collaborative Research Center 1368 on oxygen-free production. In order to ensure the net present value orientation within the innovation evaluation, the procedure developed is based on a driver tree of the EVA. To link value drivers of the EVA and innovation-driven factors influencing EVA, the EVA driver tree is further systematized with a focus on manufacturing and material costs using a literature-based impact model. Based on the last level of the impact model, a guideline for a semi-structured expert interview is developed. Using this interview guideline, data is collected in the form of innovation-driven influencing factors, which represent the input for the final monetary innovation evaluation. An adapted weighted scoring model is used to draw a semi-quantitative conclusion regarding the EVA achieved by the process innovation. The practical application of the approach developed to process innovations in oxygen-free production has shown that, in the context of three process innovations under consideration, their implementation with the aim of achieving an EVA through reduced manufacturing and material costs at the current innovation status is not effective. However, based on the impact model developed, corresponding levers can be identified to positively influence the EVA and thus also the industrialization of the process innovation. Finally, further necessary steps are identified to evolve the presented approach into a complete method for monetary innovation evaluation in early innovation phases.",
keywords = "Monetary Innovation Evaluation, Process Innovation, Early Innovation Phase, Impact Modeling, Economic Value Added, Cost drivers, Cost Drivers",
author = "Demke, {Tabea Marie} and Nicole Emminghaus and Ludger Overmeyer and Stefan Kaierle and Christian Klose and Th{\"u}rer, {Susanne Elisabeth} and Berend Denkena and Benjamin Bergmann and Florian Schaper and Peter Nyhuis and Kuprat, {Vivian Katharina}",
note = "Funding Information: Funded by the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation) – Project-ID 394563137 – SFB 1368.",
year = "2024",
month = feb,
doi = "10.1007/s11740-023-01223-5",
language = "English",
volume = "18",
pages = "169--189",
journal = "Production Engineering",
issn = "0944-6524",
publisher = "Springer Verlag",
number = "1",
}