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Financial Analytics: Science and Experience

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

Vol. 15, Iss. 3, SEPTEMBER 2022

Received: 9 August 2018

Received in revised form: 18 September 2018

Accepted: 22 November 2018

Available online: 30 August 2022


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

Pages: 314–331


Aleksandr M. BAT'KOVSKII Moscow Aviation Institute (National Research University) (MAI), Moscow, Russian Federation


Aleksandr V. LEONOV 46th Central Research Institute of RF Ministry of Defense, Moscow, Russian Federation

ORCID id: not available

Aleksei Yu. PRONIN 46th Central Research Institute of RF Ministry of Defense, Moscow, Russian Federation

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


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