Economic Analysis: Theory and Practice
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

Optimizing the use of financial funds allocated for high-tech product development

Vol. 18, Iss. 1, JANUARY 2019

Received: 9 August 2018

Received in revised form: 18 September 2018

Accepted: 22 November 2018

Available online: 29 January 2019

Subject Heading: MATHEMATICAL METHODS AND MODELS

JEL Classification: B41, C41, C51, C65, L51

Pages: 164–178

https://doi.org/10.24891/ea.18.1.164

Bat'kovskii A.M. Moscow Aviation Institute (National Research University), Moscow, Russian Federation
batkovsky@yandex.ru

https://orcid.org/0000-0002-5145-5748

Leonov A.V. 46th Central Research Institute of RF Ministry of Defense, Moscow, Russian Federation
alex.clein51@yandex.ru

ORCID id: not available

Pronin A.Yu. 46th Central Research Institute of RF Ministry of Defense, Moscow, Russian Federation
pronin46@bk.ru

ORCID id: not available

Subject The article considers economic and mathematical tools enabling to optimize the use of financial resources allocated for high-tech product development. The forecast evaluation of project results is possible only at the probabilistic level due to the high degree of uncertainty caused by a variety of random factors.
Objectives The aim of the study is to develop a universal economic and mathematical toolkit to streamline the use of financial resources allocated for high-tech products creation in a risk environment on the basis of the self-organization principle. The toolkit should provide an opportunity to adjust the funding plan and cost estimates for high-tech product project.
Methods We employ methods of logical and statistical analysis, the economic-mathematical modeling, game theory, fuzzy logic and expert estimations.
Results We considered theoretical approaches to economic dynamics regulation, defined principles of self-organization in models of economic dynamics of high-tech production, developed models to optimize the financing process of product creation, offered a complex model of economic dynamics regulation, and estimated the possibility of its use at the stages of high-tech product development.
Conclusions If applied in practice, the offered models enable to perform technical and economic evaluation of various options of high-tech product creation and choose those ones that ensure the optimal use of financial resources.

Keywords: financing, tool, model, high-technology products

References:

  1. Belen'kii V.Z. Optimizatsionnye modeli ekonomicheskoi dinamiki: Bellmanovskii podkhod. Ponyatiinyi apparat. Odnomernye modeli [Optimization models of economic dynamics: The Bellman approach. Conceptual framework. One-dimensional models]. Moscow, Nauka Publ., 2007, 259 p.
  2. Znamenskii V.V., Vagina E.V. [Phenomena that have a negative impact on economic dynamics]. Upravlenie riskom = Risk Management, 2013, no. 2, pp. 9–18. (In Russ.)
  3. Voronov A.A. [Methodology of the Geopolitical Analysis of Theoretical and Metatheoretical Levels in the Context of Influence of National Economic Systems on Economic Dynamics]. Perspektivy nauki = Science Prospects, 2015, no. 4, pp. 154–157. URL: Link (In Russ.)
  4. Kopoteva A.V. [On modeling the contribution of scientific and technological progress to economic dynamics]. Fundamental'nye issledovaniya = Fundamental Research, 2008, no. 7, pp. 116–117. URL: Link (In Russ.)
  5. Khrustalev E.Yu., Khrustalev O.E. [Modeling of life cycle of the program of creation of the knowledge-intensive production] Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2012, no. 16, pp. 2–12. URL: Link (In Russ.)
  6. Klochkov V.V., Dutov A.V. [Management model applied research and development in knowledge-based industry]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2012, no. 35, pp. 9–17. URL: Link (In Russ.)
  7. Burenok V.M., Lavrinov G.A., Podol'skii A.G. Otsenka stoimostnykh pokazatelei vysokotekhnologichnoi produktsii [Estimating the cost indexes of high-tech products]. Moscow, Granitsa Publ., 2012, 424 p.
  8. Batkovskiy A.M., Leonov A.V., Pronin A.Yu. et al. Models of Economic Evaluation of High-Tech Products. Indian Journal of Science and Technology, 2016, vol 9, iss. 28, pp. 230–241. URL: Link
  9. Lebedev V.V., Lebedev K.V. Matematicheskoe i komp'yuternoe modelirovanie ekonomiki [Mathematical and computer modeling of the economy]. Moscow, NVT-Dizain Publ., 2002, 256 p.
  10. Bagrinovskii K.A., Bendikov M.A., Khrustalev E.Yu. Sovremennye metody upravleniya tekhnologicheskim razvitiem [Modern methods of technological development management]. Moscow, Rossiiskaya politicheskaya entsiklopediya Publ., 2001, 272 p.
  11. Boer P.F. The Valuation of Technology: Business and Financial Issues in R&D. Operations Management Series. Wiley, 1999, 432 p.
  12. Morris L., Ma M., Wu P.C. Agile Innovation: The Revolutionary Approach to Accelerate Success, Inspire Engagement, and Ignite Creativity. John Wiley & Sons, 2014, 400 p.
  13. Wingate L.M. Project Management for Research and Development: Guiding Innovation for Positive R&D Outcomes. Series: Best Practices and Advances in Program Management. CRC Press, 2013, 517 p.
  14. Keeley L., Walters H., Pikkel R. Ten Types of Innovation: The Discipline of Building Breakthroughs. John Wiley & Sons, 2013, 276 p.
  15. Harris D., Villadsen B., Kolbe L., Vilbert M.J. Risk and Return for Regulated Industries. Elsevier Academic Press, 2017, 354 p.
  16. Ries E. The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. New York, Crown Business, 2011, 299 p.
  17. Christensen Clayton M. The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail. Boston, MA, Harvard Business Review Press, 1997, 239 p.
  18. Dodgson M., Gann D.M., Salter A. The Management of Technological Innovation: Strategy and Practice. Oxford University Press, 2008, 373 p.
  19. Tidd J., Bessant J. Managing Innovation: Integrating Technological, Market and Organizational Change. John Wiley & Sons, 2013, 680 p.
  20. Matveev A.A., Novikov D.A., Tsvetkov A.V. Modeli i metody upravleniya portfelyami proektov [Models and methods of project portfolio management]. Moscow, PMSOFT Publ., 2005, 206 p.
  21. Borodakii Yu.V., Avdonin B.N., Bat'kovskii A.M., Kravchuk P.V. [Modeling of the process of developing high-tech products in the military-industrial complex]. Voprosy radioelektroniki = Radio Industry, 2014, no. 2, pp. 21–34. URL: Link (In Russ.)

View all articles of issue

 

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

Journal current issue

Vol. 18, Iss. 11
November 2019

Archive