Importance Whereas national companies have lost their share in the global and domestic power engineering markets, it is very reasonable to create and implement effective organizational and technological innovation in the sector. Objectives The research describes the global and domestic power engineering markets as an environment where tender proposals are formed. We also substantiate economic mechanisms for optimizing export tender proposals in the sector, articulating a model to assess an optimal price of export tender proposals. Methods The research draws upon a system approach, structural, logic, comparative analysis, and economic and mathematical modeling. We conducted and econometric analysis and used panel data to describe the global power engineering market. Price optimization model has been forged with the method of multivariate problems with limitations. Results The article proposes a mechanism for optimizing tender proposals in power engineering and a model to assess an optimal price of export tender proposal. Conclusions and Relevance There should be new economic mechanisms to optimize tender proposals in power engineering. The optimization model will allow for optimal pricing of tender proposals, and evaluate the effect of separate pricing factors on the ultimate product. The outcome can be used by specialists of the Ministry of Trade and Industry of Russia, power engineering companies operating in the domestic and foreign markets, and for educational purposes.
Keywords: power engineering, innovative development, engineering companies, power equipment, gas turbines
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