Study on technology innovation budget optimization structure in Harbin Heg Group

Chun Juan Feng*, Pei Wu Dong

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    Abstract

    The text begins with discussing the functional mechanism of the technology innovation budget. The point of the text is to unify the source and distribution of the innovation budget through using the samples and then to adopt the structure optimization and varimax test method to research it, putting forward the Harbin HEG Group ś optimized budget structure devoted to technology innovation. Namely, technology innovation achieves an optimal effect when self-financing of the enterprise is 50%∼70% of the technology innovation budget and the budget proportion between the R&D phase and the medial experiment phase induced from the technology innovation budget is 1:(1∼4), and the devotion of the technology innovation is sufficient.

    Original languageEnglish
    Pages (from-to)1714-1716
    Number of pages3
    JournalHarbin Gongye Daxue Xuebao/Journal of Harbin Institute of Technology
    Volume37
    Issue number12
    Publication statusPublished - Dec 2005

    Keywords

    • Budget devotion
    • Optimization structure
    • Technology innovation

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