Evaluation method of economic efficiency of industrial scale research based on an example of coking blend pre-drying technology
1 Arcelor Mittal Poland S.A. Zdzieszowice Unit, Poland
2 AGH University of Science and Technology, Faculty of Energy and Fuels, Cracow, Poland
3 AGH University of Science and Technology, Faculty of Management, Cracow, Poland
* Corresponding author: email@example.com
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.
© The Authors, published by EDP Sciences, 2017
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