Development of the analysis model of innovative projects efficiency management in the context of digitalization

Abstract

Digitalization is becoming increasingly important for the economic development and innovation processes, in particular. The current stage of economic development is characterized by the increased role of innovative processes management, which requires the development of methods for managing the efficiency of innovative projects. Existing methods for assessing and managing the efficiency of innovative projects do not bring the desired effect. Therefore, it has become necessary to develop new methods that take into account the dynamics of innovative projects and use new financial instruments and strategies. The paper considers the application of the law of dynamic control which deals with the problems of analysis and stability of free dynamic systems of automatic control in the development of dynamic models of analysis and stability of innovative projects efficiency management in the context of digitalization. The authors have developed a dynamic model for analyzing the innovative projects efficiency management that allows us to rely on a stability area when calculating the marginal values of factors corresponding to the criterion of the an innovative project efficiency when solving direct and inverse problems. The designed models make it possible to analyze the innovative projects efficiency management and substantiate the possible development of the area of innovative project stability in the context of digitalization. In further research, the authors intend to build a generalized dynamic model for assessing efficiency of innovative projects' control that comprises the analysis, stability and synthesis models. The result of the research can be used in the design of the digital models of analysis and projects' stability at all enterprises that carry out innovative developments.