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Economic Analysis: Theory and Practice
 

Knowledge-based innovation products: investment projects' feasibility evaluation

Vol. 13, Iss. 21, JUNE 2014

Available online: 15 June 2014

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: 

Pages: 40-50

Strel'nikova I.A. JSC "MMS Rus", Moscow, Russian Federation
iastrelnikova@gmail.com

Khrustalev O.E. Central Economics and Mathematics Institute, RAS, Moscow, Russian Federation
stalev777@yandex.ru

The transition of the Russian economy to high-tech development is of great significance. So the risk features of functioning of a modern industrial complex require the further research and analysis. The article discusses the specifics of investing of engineering enterprises. It defines innovation investment and proposes a mechanism for assessing and managing the long-term high-tech projects. This mechanism takes into account the possibility of risk situations, and it is able to partially neutralize them or compensate.

Keywords: high-tech manufacturing, high technology, innovation activity, investment, risk, uncertainty

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