MODEL FOR PLANNING AN OPERATIONAL-INNOVATIVE PROGRAMME FOR AN INDUSTRIAL ORGANIZATION

Authors

  • Stepan Mezhov Altai State University
  • Dmitriy Lobaryov Pskov State University

DOI:

https://doi.org/10.17770/sie2018vol1.3251

Keywords:

innovations, product life cycle, production program, simulation

Abstract

The complex nature of modern technologies and organizational solutions in modern corporations requires adequate conceptual approaches to their planning. In this paper, the authors propose a model of an operational and innovative programme for which methodological principles are formulated and a systemic formulation of the planning task designed to optimize the process of resource use, including: investment, technological, and innovative capabilities of the corporation.

In the instrumental sense, the task of forming a production programme must be based on optimization models. Some researchers supplement the models for calculating production programmes by analysing subsystems and forming the profile of economic risk.

The purpose and essence of the proposed in this paper model of product planning in the context of continuous investment in innovation can be formulated as follows.

On the basis of a number of parameters of the forecast cycle of production of each product of the production programme, it is necessary to determine such terms for launching new products in production in order to perform tasks regarding the rate of growth of the value of the corporation, to provide basic economic and financial indicators of efficiency and sustainability within the resources allocated by the corporate budget. At the same time, it is necessary to determine the optimal volumes and rates of investment in innovations, observing, on the one hand, the balance between profitability and liquidity, on the other hand, the optimal start date for the sale of a new product in order to maximize the rent from possessing unique competencies.

 

Author Biographies

  • Stepan Mezhov, Altai State University
    International Institute of Economics, Management and Information Systems
  • Dmitriy Lobaryov, Pskov State University
    Department of mathematics and methods of teaching mathematics

References

Al-Fawzan, M. A., & Al-Hargan, A. (2014). Promoting techno-entrepreneurship through incubation: An overview at BADIR program for technology incubators. Innovation: Management, Policy and Practice, 16 (2), 238–249.

Baniak, A., & Dubina, I. (2012). Innovation Analysis and Game Theory: A Review. Innovation: Management, Policy and Practice, 14 (2), 178–191.

Carayannis, E. G., Goletsis, Y., & Grigoroudis, E. (2015). Multi-level multi-stage efficiency measurement: the case of innovation systems. Operational Research: An International Journal, 15 (2), 253–274.

Chesbrough, H., West, J., & Vanhaverbeke, W. (2006). Open Innovation: Researching a New Paradigm. Oxford University Press, Oxford.

Danilin, V. (2006). Operational and financial planning in the corporation (methods and models). Publishing House “Science”, Moscow.

Gurkov, I. (2013). Why Some Russian Industrial Companies Innovate Regularly: Determinants of Firms’ Decisions to Innovate and Associated Routines. Journal for East European Management Studies, Vol. 18. Is. 1.

Higgins, R. (2012). Analysis for Financial Management, 10th edn, the McGraw-Hill/Irwin series in finance, insurance and real estate). New York, NY 10020.

Kleyner, G. (2012). Strategy of the company. Publishing House “Delo”, Moscow.

Kondratyev, V. (2009) Corporate sector and the state in the strategy of global competitive capacity. World Economy and International Relations, 3, 24–31.

Mezhov, I., & Mezhov, S. (2011). Formation of the model of effective investment of industrial innovations. Management in Russia and abroad, 4, 39–47.

Mezhov, S. I. (2010). The concept of corporate Operations and Innovations Programme. Problems of theory and practice of management, 2, 85–94.

Rosiello, A., Mastroeni, M., Teubal, M., & Avnimelech, G. (2013). Evolutionary Policy Targeting: Towards a Conceptual Framework for Effective Policy Intervention. Technology Analysis & Strategic Management, 25 (7), 753–772.

Science & innovation investment framework (2004–2014). BBC News: URL: http://news.bbc.co.uk/nol/shared/bsp/hi/pdfs/science_innovation_120704.pdf.

Schumpeter, J. A. (2003). Capitalism, Socialism, and Democracy. Taylor&Francis e-lib-rary publishing, First published in the UK in 1943.

Shichkov, A. N. (2016). The Theory and Practice of Engineering Business and Management in a Municipality. Vologda: VSU.

Untura, G. A. (2013). Strategic support of the Russian regions: Problems of the assessment of the status of innovative territories. Regional Research of Russia, 3, Is. 2, 153-161.

Downloads

Published

2018-05-25