New model predicts optimal time for technology upgrades in enterprises.
The article discusses how industrial enterprises can manage their technological development effectively by considering the life cycle model. The researchers show that as enterprises move through different stages of technological development, the efficiency of resources like materials, labor, and capital changes. They present a graphical model with six stages and find that as one indicator changes, the others change in the opposite direction. The study also develops a method to calculate when each stage is completed and determines the optimal time for technology changes to improve production efficiency. It is important for new technology to maintain a certain level of capital productivity for further improvements in production efficiency.