METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTS
The purpose of this research is methodology development for modeling estimated characteristics in assessing the effectiveness and risks of implementing innovative projects using binomial models. To achieve the stated goal, a comparative analysis of the cost estimation methods for the options of the...
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| Format: | Article |
| Language: | Russian |
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North Caucasus Federal University
2022-02-01
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| Series: | Вестник Северо-Кавказского федерального университета |
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| Online Access: | https://vestnikskfu.elpub.ru/jour/article/view/99 |
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| author | E. Makarova A. Kataev |
| author_facet | E. Makarova A. Kataev |
| author_sort | E. Makarova |
| collection | DOAJ |
| description | The purpose of this research is methodology development for modeling estimated characteristics in assessing the effectiveness and risks of implementing innovative projects using binomial models. To achieve the stated goal, a comparative analysis of the cost estimation methods for the options of the Black - Scholes Option Pricing Model and the Cox - Ross - Rubinstein Binomial options pricing model was carried out in order to substantiate their use in determining indicators and creating tools for evaluating real options for innovative projects. A significant novelty of the study is the adaptation of options valuation methods for calculating the effectiveness of innovative projects from the perspective of multi-stage and multi-scenarios, as well as the use of binomial models using the theory of real options and a phased model for risk assessment of innovative projects. The development of a methodology for evaluating the characteristics of innovative projects will create an original model of phased risk assessment of innovative projects with further implementation in the form of a software product. |
| format | Article |
| id | doaj-art-aecde7b2748c4656ac8cbefeac1fa374 |
| institution | DOAJ |
| issn | 2307-907X |
| language | Russian |
| publishDate | 2022-02-01 |
| publisher | North Caucasus Federal University |
| record_format | Article |
| series | Вестник Северо-Кавказского федерального университета |
| spelling | doaj-art-aecde7b2748c4656ac8cbefeac1fa3742025-08-20T03:19:15ZrusNorth Caucasus Federal UniversityВестник Северо-Кавказского федерального университета2307-907X2022-02-0105647098METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTSE. Makarova0A. Kataev1Southern Federal UniversitySouthern Federal UniversityThe purpose of this research is methodology development for modeling estimated characteristics in assessing the effectiveness and risks of implementing innovative projects using binomial models. To achieve the stated goal, a comparative analysis of the cost estimation methods for the options of the Black - Scholes Option Pricing Model and the Cox - Ross - Rubinstein Binomial options pricing model was carried out in order to substantiate their use in determining indicators and creating tools for evaluating real options for innovative projects. A significant novelty of the study is the adaptation of options valuation methods for calculating the effectiveness of innovative projects from the perspective of multi-stage and multi-scenarios, as well as the use of binomial models using the theory of real options and a phased model for risk assessment of innovative projects. The development of a methodology for evaluating the characteristics of innovative projects will create an original model of phased risk assessment of innovative projects with further implementation in the form of a software product.https://vestnikskfu.elpub.ru/jour/article/view/99innovation projectsevaluation characteristicsreal optionsbinomial modelseffectiveness evaluation |
| spellingShingle | E. Makarova A. Kataev METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTS Вестник Северо-Кавказского федерального университета innovation projects evaluation characteristics real options binomial models effectiveness evaluation |
| title | METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTS |
| title_full | METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTS |
| title_fullStr | METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTS |
| title_full_unstemmed | METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTS |
| title_short | METHODOLOGY OF EVALUATED CHARACTERISTICS MODELING FOR INNOVATIVE PROJECTS |
| title_sort | methodology of evaluated characteristics modeling for innovative projects |
| topic | innovation projects evaluation characteristics real options binomial models effectiveness evaluation |
| url | https://vestnikskfu.elpub.ru/jour/article/view/99 |
| work_keys_str_mv | AT emakarova methodologyofevaluatedcharacteristicsmodelingforinnovativeprojects AT akataev methodologyofevaluatedcharacteristicsmodelingforinnovativeprojects |