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The Role of Total Cost of Ownership Tools in AAL Technology Assessment

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017

Author

Listed:
  • McConalogue, Eoghan
  • Davis, Paul
  • Connolly, Regina

Abstract

Ambient Assisted Living technologies offer a unique opportunity to improve the quality of life of persons with mild cognitive impairments while also reducing economic pressures currently experienced by European health systems. Unless an appropriate route to market is found for AAL technologies these benefits will not be realised. This paper highlights the role of Total Cost of Ownership when conducting a technology assessment by reviewing existent literature. In particular, this paper recommends that Total Cost of Ownership tools be developed in conjunction with industry collaboration and that these tools be incorporated as a key award criterion during the assessment and procurement process.

Suggested Citation

  • McConalogue, Eoghan & Davis, Paul & Connolly, Regina, 2017. "The Role of Total Cost of Ownership Tools in AAL Technology Assessment," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2017), Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017, pages 425-429, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr17:183805
    as

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    References listed on IDEAS

    as
    1. Shin, Hojung & Benton, W.C., 2007. "A quantity discount approach to supply chain coordination," European Journal of Operational Research, Elsevier, vol. 180(2), pages 601-616, July.
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    More about this item

    Keywords

    technology; ambient assisted living; total cost of ownership; health systems; procurement;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets

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