Abstract

The article provides a selection of methods for determining the feasibility of an investment-innovative project. Estimated indicators are identified analytically, on their basis a conclusion is made about the economic efficiency and feasibility of the project, which is the basis of its competitiveness. Such growth analytics is necessary, since the social and economic development of the country and the region largely depends on the investment climate, which is facilitated by the legislation of the Russian Federation (the Tax Code of the Russian Federation, the law of the Russian Federation on the regulation of investment activities, etc.). Since competitiveness is also determined by the economic feasibility and financial solvency of innovative projects, modern information and software, as well as the methodology for project appraisal and the corresponding order of their implementation, are needed. In the Russian Federation, a method is used to assess the efficiency of capital investments in capitalist countries, as well as the methodology of economic (competitive) analysis of investment-innovative projects. The basis of the method is that reimbursement of investments occurs in two economic forms: net profit and depreciation (net income). Of the numerous methods for assessing the feasibility of investment, the most often used along with discount methods (taking into account the factor of money changes over time), statistical methods with determining the payback period and the average rate of return on investment. Defined indicators: the net present value (NPV) and the internal rate of return (IRR). The methodology specified in the article is useful to the investor in order to rationalize investment flows, helps to achieve the maximum IRR. The implementation of the innovative project serves the competitiveness of the manufacturing enterprise by increasing the technical and technological levels of the products.

Highlights

  • The article provides a selection of methods for determining the feasibility of an investment-innovative project

  • Estimated indicators are identified analytically, on their basis a conclusion is made about the economic efficiency and feasibility of the project, which is the basis of its competitiveness. Such growth analytics is necessary, since the social and economic development of the country and the region largely depends on the investment climate, which is facilitated by the legislation of the Russian Federation

  • In the Russian Federation, a method is used to assess the efficiency of capital investments in capitalist countries, as well as the methodology of economic analysis of investment-innovative projects

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Summary

Наименование показателей Name of indicators

Количество проектов НИОКР, планируемых к реализации The number of R&D projects planned for implementation Количество проектов НИОКР, планируемых к завершению The number of R&D projects planned for completion Количество новых технологий, планируемых к внедрению (новых продуктов, планируемых к выведению на рынок) The number of new technologies planned to be implemented (new products planned for market launch). NPV, IRR[6]; 2.Поиск резервов для повышения экономической эффективности; Search of reserves to increase economic efficiency; 3.Итерационный распорядок (постепенное приближение к желаемому результату); The iterative order of (gradual approximation to the desired result); 4.Деление инвестиционного периода проекта на единицы времени, адаптированные к ритму экономических событий в деятельности предприятия (как правило, квартал); The division of investment of the project period for the unit of time, adapted to the rhythm of economic events in the enterprise (usually a quarter); 5.Ежеквартальная информация об остатке денежных средств , на основе которой принимается решение о движении денежных средств по их назначению и по времени; Quarterly information on balance of funds on the basis of which the decision on cash flows according to their purpose and time; 6.В итерационном распорядке экономической экспертизы проектов используются информационные технологии (программное обеспечение расчетов, обновление данных (ценообразование, к примеру); In the iterative order economic examination of projects using the information technology (software calculations, updating data (pricing, for example); 7.Оперативное согласование с инвестором альтернативных решений.

The sequence of the examination of the innovative project
Для примера приведем гипотетический
Estimated financial and economic information
Сроки Time
Налоговая ставка со второго квартала
Приемлемая для инвесторов эффективность
Дивиденды Dividends
Погашение кредита Repayment of the loan
Средняя ставка дохода
Показатели Indicators
Must be for the entire period
Особенности второго подхода Features of the second approach
Особенности третьего подхода Features of the third approach
Особенности четвертого подхода Features of the fourth approach
Особенности пятого подхода Features of the fifth approach
Performance indicators the rationalization of investment in innovative project
Findings
КОНФЛИКТ ИНТЕРЕСОВ
Full Text
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