ECONOMIC AND MATHEMATICAL MODEL FOR INNOVATION-INVESTMENT PROJECT SELECTION ACCORDING TO ITS SCOPE

Authors

DOI:

https://doi.org/10.31891/mdes/2023-9-3

Keywords:

управління вмістом проєкту, innovation-investment project, hierarchy analysis method, comprehensive assessment, project scope management

Abstract

The article solves the problem of choosing one of the three innovation-investment projects at PE "Lift Standard" from research and experimental development in the field of technical sciences and maintenance of industrial equipment according to the field of knowledge "Management of the content (scale) of the project". Experts found that when choosing a project, it is necessary to take into account the following criteria and sub-criteria: goals (innovativeness; compliance with the company's goals; increasing market share; environmental aspect); coverage (potential customers; potential competitors; potential partners; market conditions); opportunities (implementation deadlines; project cost; availability of resources; the possibility of forming a project team); limitations (technological difficulties; organizational difficulties; financial difficulties; production difficulties); results (probability of successful implementation; projected profit; impact on the company's operational activities; development prospects). The result of the practical application of the hierarchy analysis method for choosing one of the three projects with the specified characteristics is the calculation of a complex indicator for each of the projects, the largest of which indicates that under the given conditions, taking into account the given criteria and experts' opinions, it should be chosen. The comprehensive indicator, taking into account local priorities, gave the following result: Project 1 – 0.385; Project 2 – 0.383; Project 3 – 0.231. Therefore, it would be most rational for the company to choose exactly project 1 for implementation. The application of the hierarchy analysis method made it possible to provide recommendations for making an effective informed management decision.

References

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Published

2023-09-12

How to Cite

CHAIKOVSKA І. . ., PROSKUROVYCH О. ., GORBATIUK К. ., & ZAVGORODNIA Т. (2023). ECONOMIC AND MATHEMATICAL MODEL FOR INNOVATION-INVESTMENT PROJECT SELECTION ACCORDING TO ITS SCOPE. MODELING THE DEVELOPMENT OF THE ECONOMIC SYSTEMS, (3), 20–28. https://doi.org/10.31891/mdes/2023-9-3