УДК: 311.172:330.341.1(477)

DOI: https://doi.org/10.36887/2415-8453-2021-3-47

Oleksandr POPOV
PhD in Economics, First Deputy Chairman of the Board, Joint Stock Company «FED»
Serhiі MEKHOVYCH
Doctor of Economics, Professor, Professor of the Department of Business Economics and International Economic Relations, National Technical University «Kharkiv Polytechnic Institute»

JEL classification: O31; O32

Abstract

The article considers approaches to the analysis of risk factors during innovative transformations. It was established that a qualified examination of the financial indicators of innovative projects at the stage of the enterprise preparation for technological rehabilitation allows to evaluate them from the viewpoint of investment attractiveness, taking into account the most important factors that have a well-founded probabilistic assessment. The division of factors that influence the complex of relationships in the context of risk analysis of innovative transformations into factors that directly influence the process of forecasting and preparation for the implementation of innovative transformations and factors that influence the effectiveness of the technological rehabilitation process of production is substantiated. It is outlined that during the implementation of innovative projects, the number of risk factors is quite large, due to which the degree of their influence is random. In any attempt to take into account the influence of all factors, specialists have to face the extremely difficult problem of considering the degree of their influence at several levels of management, because even in the case of a simple hierarchical structure, the number of combinations of the influence factors increases sharply. It is proven that the main task of the analysis of the influence factor should be, first of all, an attempt to limit the number of possible combinations of factors that should be analyzed or considered when finding the objective decision function. It was determined that the key criteria for making investment decisions in the context of innovative transformations are: lack of more profitable alternatives; minimizing risks of losses, in particular, from inflation; minimization of the payback period; relative cheapness of the project; ensuring the stability of cash receipts; high profitability, taking into account discounting.

Keywords: risk, factors, innovative transformations, models, technological rehabilitation, combination, classification, effectiveness.

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The article was received 25.07.2021