Issue |
SHS Web Conf.
Volume 39, 2017
Innovative Economic Symposium 2017 (IES2017)
|
|
---|---|---|
Article Number | 01009 | |
Number of page(s) | 6 | |
Section | Strategic Partnerships in International Trade | |
DOI | https://doi.org/10.1051/shsconf/20173901009 | |
Published online | 06 December 2017 |
Fuzzy sets and real options approaches for innovation-based investment projects effectiveness evaluation
Peter the Great St.Petersburg Polytechnic University, Institute of Industrial Management, Economics and Trade, 195251 Polytechnicheskaya, Saint-Petersburg, Russia
* Corresponding author: o.kaltchenko@mail.ru
The paper focuses on the specifics of innovation-based investment projects effectiveness evaluation (IIPEE). When using traditional approaches, errors occur in evaluation, since innovation-based investment projects are long-term with high uncertainty. Fuzzy sets and real options approaches have long been used as alternative for IIPEE. The novelty of this paper is in the joint use of these two approaches with the consideration of the wide variety of project implementation scenarios. Consequently, it reasonably seems more efficient use of fuzzy sets approach together with Weighted Average Polynomial Option Pricing Model for IIPEE.
Key words: fuzzy sets / innovation / investment / effectiveness / evaluation
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (http://creativecommons.org/licenses/by/4.0/).
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.