Cost-Oriented Innovation Methods and Education in Developing Countries: Re-engineering Industrial Production Systems

Cost savings can be achieved in a number of ways on the path from good ideas to successful realization. The researchers, practitioners and lecturers can give a huge contribution with focus in Cost Oriented Automation. Hand to hand cooperation between universities and industrial production companies can perfectly integrate cost-oriented approach of researchers, practitioners and lecturers. This paper gives a new model of dealing with cost oriented automation with focus on R&D to solve complex problems of industry in Kosovo, towards “SMART” systems design and implementation