Tools to create innovation investment project based on conversion operation cycle in the context of digitalization

Abstract

The relevance of the study is determined by the necessity to elaborate the math tools to design investment, innovation and combined projects covering technological, product, enhancing and breakthrough innovations in production technological systems of machine builders. The innovation activity of machine building enterprise should be implemented in the mode ‘think-do-think’ so in digital economy each mastered innovation shall be placed in a digital information analytical system of enterprise managerial accounting. The purpose of the study is to develop the tools to regulate the sequence and substantiation of taking managerial decisions on forming of innovation investment project based on conversion operation cycle in the context of digitalization. The model of production process will be a closed operational cycle of conversion of production capital of enterprise production and technological system to monetary capital in the form of produced and sold products with market added value. The outcome of the study is the developed graphic analytical tools in the form of cashflow vectors graph. Further investigations will be devoted to development of entropic analysis method and design of innovation projects in machine building enterprises.