A Pragmatic Solution to the Economic Evaluation of Medical Devices from an Industry Perspective

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F21%3A50018207" target="_blank" >RIV/62690094:18450/21:50018207 - isvavai.cz</a>
Result on the web
<a href="https://ieeexplore.ieee.org/document/9229501" target="_blank" >https://ieeexplore.ieee.org/document/9229501</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1109/EMR.2020.3031834" target="_blank" >10.1109/EMR.2020.3031834</a>

Result language
angličtina
Original language name
A Pragmatic Solution to the Economic Evaluation of Medical Devices from an Industry Perspective
Original language description
Through the use of a multiattribute model, this article addresses the investment appraisal of innovative medical devices from an industry perspective. The model proposed aims to reduce the effect of team conflict, groupthink, project champion bias, leadership influences, and authoritarianism. The approach suggested should lead to more innovative and economically viable medical devices being made available to the healthcare community. The study aims to improve the decision-making process with respect to the development of medical devices. In particular, it focuses on small/medium enterprises, as they are an important source of innovation for the future. Our article provides a link between the engineering economics, engineering management, and project management literature, in which the proposed multiattribute and team approach to project selection not only addresses the economic aspect but also provides a firm foundation for ongoing project management through the identification, at the outset, of project specific risks and strategic alliances. The model should help project and engineering managers, as a part of the selection team, to make optimal project selections and improve project commitment among the various management team players. © 1973-2011 IEEE.
Czech name
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Czech description
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Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
—
OECD FORD branch
50204 - Business and management

Project
<a href="/en/project/GA17-03037S" target="_blank" >GA17-03037S: Investment evaluation of medical device development</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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