Economic Mechanism of Optimizing the Innovation Investment Program of the Development of Agro-Industrial Production
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Date
2021
Authors
Brockova, Katarina
Rossokha, Volodymyr
Chaban, Vitalii
Zos-Kior, Mykola
Hnatenko, Iryna
Rubezhanska, Viktoriia
Journal Title
Journal ISSN
Volume Title
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Abstract
The efficiency of innovation activities of agro-industrial enterprises is provided by the choice of the optimal innovation-investment program, which consists of a set of innovative projects and the appropriate amount of money needed for their implementation. At the same time, given the limited financial resources required for the development of production, it is important to form an optimal set of projects by allocating funds not to local projects, but to the entire innovation and investment program as a whole. In this regard, the article aims to form an effective innovation-investment program of the development of agro-industrial enterprises based on modeling the choice of the optimal set of projects of the development of new innovative products and projects of the introduction of ready innovations on the market. To achieve this goal, the following research methods were used: systems analysis, economic and mathematical modeling, abstract-logical method, graphical method. According to the research results the proposed economic-mathematical model can be used in the process of choosing an innovative strategy of the development of agro-industrial production, as well as to form targeted programs of innovative development and investment support of agro-industrial enterprises as a whole.
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Keywords
economic mechanism, optimization, innovation-investment program, the development of agro-industrial production, innovative project, investments, economic-mathematical model, economic effect, cash flow, target function, article
Citation
Economic Mechanism of Optimizing the Innovation Investment Program of the Development of Agro-Industrial Production / Katarina Brockova, Volodymyr Rossokha, Vitalii Chaban, Mykola Zos-Kior, Iryna Hnatenko, Viktoriia Rubezhanska // Management Theory and Studies for Rural Business and Infrastructure Development. - 2021. - Vol. 43, No. 1. - P. 129-136. - https://doi.org/10.15544/mts.2021.11