SHS Web Conf.
Volume 39, 2017Innovative Economic Symposium 2017 (IES2017)
|Number of page(s)||6|
|Section||Strategic Partnerships in International Trade|
|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: firstname.lastname@example.org
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/).
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