Shershenyuk O. Estimation of integrated effect from introduction of innovations

Subject of the research work: investment and innovative activities processes at industrial enterprises of Ukraine. Objective of the research: development of theoretical basis for choosing an optimal source of innovative projects financing at the present stage of Ukrainian economy development and working out proposals as to substantiation of methodological approach to calculation of integral effect from introduction of innovations. Methods and techniques of the research: integral approach, qualitative and statistical analysis, Delphy technique. Theoretical and practical results: model of determination of innovations life cycle stages taking into account not only basic (primary) innovation but its diffusion into other products and branches that allows developing scientifically grounded planning system of innovation processes resource endowment constantly improving the products and so preventing the decline stage for a long time has been improved; methodological approach to integral decision-making aboutexpediency of furnishing state guarantees to potential investors on the basis of analysis and estimation of certain kinds of effects (quantitative and qualitative) both for a potential participator and the state has been improved that gives the corresponding state institutions an opportunity to make decisions about innovative projects effectiveness and their support; a generalized scheme of interrelation of components of integral effect from innovations introduction has been perfected on the basis of representation of direct and reverse relations of any pair of effects that gives an opportunity to take into account mutual impact of effects and allows to determine more exactly the extent of integral effect from the innovation projects and programs realization; methodological fundamentals of estimation of innovation projects risks with separate discounting of influx and outflow of funds and comparing the mentioned effects has obtained further development, that ensures making grounded decisions as to investments attraction for the projects realization, increasing the effectiveness of using the investment sources of enterprises at fulfilling innovative activities; theoretical approach to determination of the function of innovative activities planning as one of the components of the planning system at an enterprise with the help of coordination of all kinds of planning, which interact with each other and substantially add to each other in the iterative process of innovation management according to their target orientation, which gives the possibility to take into consideration both weak and strong sides of the enterprise activities, to foresee the most important future dangers and possibilities. Novelty: for the first time there has been fulfilled substantiation and development of methodological approach to estimation of the integral effect from introduction of basic innovations, which uses the integral approach, takes into account the low of synergy and the diffusion effect and in contrast to the existing ones givesa possibility to estimate all the total of effects (economic, social, ecological, budget, scientific-and-research, intellectual, resource for a grounded choice of the most effective investment and innovative project from several alternatives and allows to determine the ways of choosing rational sources of financing. Stage of introduction: methodological approach to calculation of the integral effect from introduction of innovations based on application of the integral approach taking into consideration effects of the law of synergy, recommendations to perfection of the methodological approach to taking into account risks in investment and innovative projects has been used when solving problems of attracting investments for realization of innovative projects and increasing effectiveness of use of KPVP 'Kharkivorgagrobud' (Kharkiv) investment sources. The methodology has also been introduced at DP 'Reduts'ky Shchebenevy Zavod' (Reduts'ky Crushed Stone Plant) (Komsomol'sk). The results of the research work has been used in the educational process at Kharkiv National Automobile and Highway University in the course of subjects 'Project Analysis', 'Project Management', 'Economy and Innovative Activity Organization'. Sphere of application: public administration and Ministry of Industrial Policy, economic and production activities of industrial enterprises, educational process.