Harokopio University of Athens

Harokopio University of Athens, Department of Informatics and Telematics
Address: 9 Omirou str, 177 78, Tavros, Athens
Country: Greece
High technology Technoeconomics and Management
Director Dr Christos Michalakelis
Address: 9 Omirou str, 177 78, Tavros, Athens

Institution Background

Harokopio University comprises four undergraduate Departments: Department of Home Economics and Ecology (since 1993),   Department of Nutrition and Dietetics (since 1994), Department of Geography (since 2000), and Department of Informatics and Telematics (since 2007).

The design and overall development of the University has been based on international standards and on scientific research. The existing building infrastructure was completely renovated in 1993-1994 and was supplemented by the construction of a new building in 1999-2000.

The Department of Informatics and Telematics of Harokopio University of Athens was founded in 2006 and accepts students since academic year 2007-2008. The departmental goal is the development and advancement of computer science and telecommunications, primarily in the field of network information systems and relative e-services. For this purpose, attention is paid in the fields of telematics (teleinformatics) which are relative to network and internet technologies, e-business, e-government, e-health, advanced transport telematics etc.


 Research Group Background

In the field of telecommunications and computer systems, one of the major activities is techno‑economics, i.e. the study of not only the major technical issues related to one or more technological solutions but their economic viability and overall societal impact as well. Techno-economics is a methodology for asserting the economic prospects and financial valuation, risk and sensitivity analysis of solutions, by calculating various economic figure-of-merits and taking into account demand forecasting, diffusion of innovations, price evolution of the components of the system and, in general, all other dynamically changing parameters,. The team is comprised of two faculty members, Dr. Christos Michalakelis and Dr. Thomas Kamalakis, as well as a number of research associates and PhD students. The fields of study span the following subjects:

  • Economic prospects of access technologies: fiber-to-the-X, last-mile wireless technologies, home networks
  • Forecasting diffusion and acceptance of high technology innovations and services into social systems
  • Socio-economic aspects of telecommunication systems and roadmapping
  • Competition and business modeling in high technology markets
  • Economic and social impact of new technologies
  • Investment assessment and valuation
  • Costing and pricing of services
  • Managerial economics 


Major Interest in Action Scientific Topics

User Requirements

Identification of the needs of the end-users and construction of user scenarios. Evaluation of the scenarios in order to address the end-user requirements. Towards this end, a structure decision making process, by the means of a Multi-Criteria Decision Making method (MCDM), can be applied to detail how to collect and analyze the requirements and their implications for performance, by determining the appropriate choice among a set of alternatives taking into consideration important criteria.

Impact assessment

Address the potential impact of the project in terms of societal, legal, ethical, structural and economic issues and will carry out a cost/benefit analysis for the potential market scenarios. Provision of forecasts regarding the future adoption of such computing strategies, the identification of business opportunities, the successful placement, the future planning, the involved players and the value chain for NESUS.

Impact assessment will also focus on identifying the anticipated and actual impacts of the project on those social, economic and environmental factors that the project is designed to affect, or may unintentionally affect. It can be performed during the different stages of the project, at the beginning (ex ante) as part of the project’s planning and design, after completion (ex post), in order to identify the actual impacts during and after implementation and enable corrective actions to be taken if necessary, and at in between stages.

Cost benefit analysis

It will support the impact assessment. The objective is the identification of the potential direct and indirect economic impacts of the project, using discounted cash flow analysis and estimating appropriate indicators. Among these will be net present value (NPV) of project options, internal rate of return (IRR), switching costs and benefit-cost ratio (BCR), as well as forecasts regarding the outcome of cost and benefits over a time period. Calculation of the expected cost against the total expected benefits will provide a measure of the project’s effectiveness to see whether the benefits outweigh the costs, and by how much. A sensitivity analysis will reveal the project’s crucial factors. The developed business cases and models will also be assessed, providing comparative results and giving information for optimized decision making processes.