• Business
  • Published 2009

The theory of real options in the estimation of consecutive innovative projects

@inproceedings{Budylin2009TheTO,
  title={The theory of real options in the estimation of consecutive innovative projects},
  author={Mikhail A. Budylin},
  year={2009}
}
On novelty level two types of innovations are distinguished – radical (basic) and improving innovations. Radical innovations are aimed at adoption of new generations of machines and materials, essentially new technics and technology, they make such considerable changes in processes, products or services that lead to transformation of the existing markets or sectors or create the new markets and sectors. Improving innovations are aimed at evolutionary improvement of the properties and parametres… CONTINUE READING