Three-factor model for managing the sustainability of an innovative chemical project under conditions of economic uncertainty
Beilin I.L.1
1 Казанский федеральный университет, Russia
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Journal paper
Russian Journal of Innovation Economics (РИНЦ, ВАК)
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Volume 8, Number 1 (January-March 2018)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=32809302
Cited: 22 by 31.03.2023
Abstract:
On the basis of the approximating polynomial, we present a three-factor model for managing the sustainability of an innovative chemical project under condition of economic uncertainty. Economic uncertainty in chemical sector can be caused by intra- and external economic and political, investment, innovative, opportunistic, commercial, commodity, industrial and other factors. In the developed model, isoline levels show simultaneously a better ratio between three economic characteristics of the innovation project across the entire range of the planning matrix, and also provide the opportunity to forecast net present value and return on the project's capital.
Keywords: project management, sustainability, economic and mathematical modeling, innovative chemical project, three-factor model
JEL-classification: O33, O32, С45
Highlights:
- В статье рассмотрен результат одновременного влияния неопределенностей цены продукта, ставки дисконтирования и срока окупаемости инновационного химического проекта на чистую текущую стоимость и доходность капитала.
- В разработанной трехфакторной модели для получения расчетных формул в полином последовательно подставлялись координаты всех точек плана, а вместо выходов - соответствующие данным точкам значения у.
- Представленный метод формализации экономической неопределенности может являться инструментом управления устойчивостью инновационного проекта.
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