Economic Analysis: Theory and Practice

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Economic Analysis: Theory and Practice

47(302) - 2012 December

Generalized economic-mathematical model of diffusion and substitution of innovations

Vol. 11, Iss. 47, DECEMBER 2012

Available online: 21 December 2012

Subject Heading: ECONOMIC-MATHEMATICAL MODELING

JEL Classification:

Minakov V.F. Doctor of Technical Sciences, Professor of department "Computer Science", the St-Petersburg State University of Economics and Finance
m-m-m-m-m@mail.ru

Minakova I.E. PhD of Technical Sciences, Associate Professor of department "Electrical Power and Electrical Engineering", the National University of Mineral-Raw "Mountain"
t.e.minakova@mail.ru

Galstyan A.S. PhD of Economic Sciences, Associate Professor of department "Business Informatics", the North-Caucasian Federal University
armen83@rambler.ru

Shiyanova A.A. PhD of Economic Sciences, Associate Professor of department "Business Informatics", the North-Caucasian Federal University
nastujsha@mail.ru

In the article the economic-mathematical model of temporary dynamics of commercialization of the innovative projects, considering variability of entry into the market of steady sales of an innovative product, replacement with its subsequent innovation is offered. The model provides comparability of the innovative projects, cash flows differing by volumes and their duration, respectively, possibility of selection at a stage of decision-making on project investment

Keywords: innovative project; life cycle; economic-mathematical model

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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