Skip to main content
SpringerLink
Log in

Economic Efficiency Assessment of Investments in Production Digitalization

  • Chapter
  • First Online:
Current Achievements, Challenges and Digital Chances of Knowledge Based Economy

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 133))

Abstract

Production digitalization demands investment. Evaluating the cost-effectiveness of such investments means measuring the investment against the results that production digitalization will achieve. The building of financial model has to consider the impact of digitalization on the determinants of inflows and outflows and the risks generated by this process. So it is necessary to carefully analyze the production processes and the changes that will occur in them in connection with the implementation of digital technologies. The article seeks to study the issues that arise in the process of evaluating the economic efficiency of investments in production digitalization, including those ones related to the financing of such projects.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Belser M (2018) Digitalization of industry: a fashion trend or a prerequisite for staying competitive? https://promdevelop.ru/tsifrovizatsiya-promyshlennosti-modnyj-trend-ili-neobhodimoe-uslovie-dlya-sohraneniya-konkurentosposobnosti/. Accessed 02 Feb 2020

  2. Jeschke S, Brecher C, Meisen T, Özdemir D, Eschert T (2016) Industrial internet of things and cyber manufacturing systems. In: Jeschke S, Brecher C, Song, H, Rawat DB (eds) Industrial internet of things. Springer, Cham, pp 3–19. https://doi.org/10.1007/978-3-319-42559-7_1

  3. Joppen R, Kühn A, Hupacha D, Dumitrescu R (2019) Collecting data in the assessment of investments within production. Procedia CIRP 79:466–471

    Article  Google Scholar 

  4. Joppen R, Lipsmeier A, Tewes C, Kühn A, Dumitrescu R (2019) Evaluation of investments in the digitalization of a production. Procedia CIRP 81:411–416

    Article  Google Scholar 

  5. Kozlova T, Zambrzhitskaia E, Simakov D, Balbarin Y (2019) Algorithms for calculating the cost in the conditions of digitalization of industrial production. IOP Conf Ser Mater Sci Eng 497:1–9. https://doi.org/10.1088/1757-899X/497/1/012078

    Article  Google Scholar 

  6. Proportion of organizations that used personal computers by subjects of the Russian Federation (in percent of the total number of surveyed organizations of the corresponding subject of the Russian Federation) as of 27.07.2018. http://www.gks.ru/free_doc/new_site/business/it/it7.xls. Accessed 02 Feb 2020

  7. Razumnii E (2018) Minpromtorg assessed readiness of the Russian enterprises for digitalization. RBC. https://www.rbc.ru/technology_and_media/03/07/2018/5b3a26a89a794785abc9f304. Accessed 02 Feb 2020

  8. Resolution of the Government of the Russian Federation dated 30.04.2019 N 529 (ed. on 26.09.2019) On approval of the rules for granting subsidies to Russian organizations for reimbursement of part of the costs for development of digital platforms and software products for the purpose of creation and/or development of production of high technology industrial products. http://www.consultant.ru/document/cons_doc_LAW_324050/. Accessed 02 Feb 2020

  9. RIA News (2019) The Ministry of industry and trade has selected 61 projects on digital solutions for industry. https://ria.ru/20190905/1558328608.html. Accessed 02 Feb 2020

  10. Schneider M (2017) Digitalization of production, human capital, and organizational capital. Impact Digit Work 21:39–52. https://doi.org/10.1007/978-3-319-63257-5_4

    Article  Google Scholar 

  11. Souter A (2019) How digital transformation will change the labor market in Russia. https://www.forbes.ru/karera-i-svoy-biznes/371537-kak-cifrovaya-transformaciya-izmenit-rynok-truda-v-rossii. Accessed 02 Feb 2020

  12. Uhlemann TH-J, Lehmann C, Steinhilper R (2016) The digital twin: realizing the cyber-physical production system for industry 4.0. Procedia CIRP 61:335–340. https://doi.org/10.1016/j.procir.2016.11.152

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Samara State University of Economics, Samara, Russia

    A. A. Chudaeva

Authors
  1. A. A. Chudaeva
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to A. A. Chudaeva .

Editor information

Editors and Affiliations

  1. Applied Management Department, Samara State University of Economics, Samara, Russia

    Svetlana Igorevna Ashmarina

  2. Department of Applied Management, Samara State University of Economics, Samara, Russia

    Valentina Vyacheslavovna Mantulenko

Rights and permissions

Reprints and permissions

Copyright information

© 2021 Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Chudaeva, A.A. (2021). Economic Efficiency Assessment of Investments in Production Digitalization. In: Ashmarina, S.I., Mantulenko, V.V. (eds) Current Achievements, Challenges and Digital Chances of Knowledge Based Economy. Lecture Notes in Networks and Systems, vol 133. Springer, Cham. https://doi.org/10.1007/978-3-030-47458-4_28

Download citation

Publish with us

Policies and ethics

Search

Navigation