Formation of comparable prices for innovative products for the period of their life cycle
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Keywords

innovations
comparable prices
devaluation
life cycle of innovations

Categories

How to Cite

Martynenko, A. and Pererva, P. . (2020) “Formation of comparable prices for innovative products for the period of their life cycle”, Scientific Journal of Bielsko-Biala School of Finance and Law. Bielsko-Biała, PL, 24(3), pp. 9–14. doi: 10.19192/wsfip.sj3.2020.2.

Abstract

the paper considers the issue of comparing the prices for different years and reviews the methods of their comparison. Valuation of products at comparable prices ensures the comparability of data over a number of years. But the issue arises if the task is to compare the prices of goods for the period during which the national currency of the country of origin changed more than once during this period. The paper proposes a formula developed by the authors to compare the prices of different years and bring them to modern ones. The formula takes into account the devaluation of the dollar and resolves the considered issues. The paper also presents the practical use of the recommended formula on the example of comparing the prices for the entire life cycle of an electric motor for the time period of 1982-2019

https://doi.org/10.19192/wsfip.sj3.2020.2
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The papers published in the ASEJ Journal (alternate title: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej) - published by the University of Applied Sciences in Bielsko-Biała, are online open access distributed (Creative Commons Attribution CC-BY-NC 4.0 license). The Publisher cannot be held liable for the graphic material supplied. The printed version is the original version of the issued Journal. Responsibility for the content rests with the authors and not upon the Scientific Journal or Bielsko-Biala School of Finance and Law.

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