Modeling the effect of using the innovative materials on the construction organizations economic performance

Abstract

The article describes a methodical approach to the development of modeling tools to improve the factor analysis quality and assess the innovations using effect on the economic performance of the building contractors. To solve this problem, the innovation process management methodological principles determining the requirements for modeling and the factor models development for the purpose of analyzing and evaluating the impact of innovations, including innovative materials, on the efficiency of construction organizations, were substantiated. The key criterial parameters of the comparative evaluation were identified and structured during the study, characterizing the innovation impact, including the innovative building materials, on the construction organizations performance. This allowed to form an information and analytical database for the factor models development, which allow the system to identify the studied factors influence on the construction organizations final results. At the factor models development, the type of multiplicative models was used. In the developing analytical factor models process, a method for constructing deterministic factor models was implemented using the extension method and following the requirements for developing such models. Taking into account the compliance with these requirements, a complex of multiplicative factor models, in which the profit from the sale of innovative construction products is a productive indicator, has been developed. The developed factor models improve the quality of analysis and innovation causal relationship evaluation with the construction organizations efficiency, realizing the external and internal factors influence complex interrelation potential on the change in profits from the sale of innovative products.