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The Economic Feasibility of Implementing Optical Surveillance Systems in Vehicles: Between Innovative Necessity and Economic Excess
Volikov V. V., Panchenko I. V.

Volikov, Volodymyr V., and Panchenko, Ihor V. (2025) “The Economic Feasibility of Implementing Optical Surveillance Systems in Vehicles: Between Innovative Necessity and Economic Excess.” Business Inform 10:325–333.
https://doi.org/10.32983/2222-4459-2025-10-325-333

Section: Economics of Trade and Services

UDC 338.47:629.33:621.397

Abstract:
The aim of the article is to evaluate the economic feasibility of implementing optical surveillance systems in vehicles by assessing their direct and external effects and determining the balance between innovative necessity and economic excess. The methodological foundation of the study on the socioeconomic feasibility of equipping vehicles with optical surveillance systems is a system approach that integrates innovative, economic, and social analysis. The aim of the applied methodology is a comprehensive assessment of costs, benefits, and external effects (the impact of the activity of one economic entity on the welfare of others). The study involves three consecutive stages: 1) analytical – systematization of theoretical approaches and identification of key factors influencing the effectiveness of optical systems implementation; 2) empirical – development of an economic-mathematical model for cost-benefit analysis (direct economic effects and social benefits); 3) analytical-forecasting – scenario modeling (pessimistic, optimistic, and baseline scenarios). It is proposed to use a combined approach to assess the economic feasibility of equipping vehicles with optical monitoring systems, which includes: 1) calculation of NPV (Net Present Value); 2) calculation of PP (Payback Period); 3) calculation of PV (Present Value); 4) calculation of ROI (Return on Investment); 5) calculation of LCC (Life-Cycle Costing); 6) one-way sensitivity analysis and scenario analysis; 7) Monte Carlo method. The results of testing the model for calculating the economic feasibility of equipping vehicles with optical observation systems are presented using the example of a single car. The calculation of indicators under three scenarios (pessimistic, optimistic, and baseline) substantiates the economic feasibility of implementing these technologies, provided that social benefits are considered. Sensitivity analysis showed that the project is highly sensitive to initial costs, followed by annual gross payments and the discount rate.

Keywords: innovation, ADAS, optical observation systems, automotive industry, economic efficiency, technological investments, competitiveness, innovation marketing.

Tabl.: 4. Formulae: 4. Bibl.: 15.

Volikov Volodymyr V. – Candidate of Sciences (Economics), Lead Engineer, State Scientific Institution «Institute for Single Crystals» of National Academy of Sciences of Ukraine (60 Nauky Ave., Kharkiv, 61072, Ukraine)
Email: [email protected]
Panchenko Ihor V. – Chief, Valera Logistics Inc. (2P Mykoly Synhaivskoho Str., Irpin, Kyiv region, 082200, Ukraine)
Email: [email protected]

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