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Risk Assessment in the Economic Analysis of Innovative Projects

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Abstract

Economic growth depends on innovative industrial projects. The development and introduction of new technologies confers competitive benefits in the global economy and offers a wide range of commercial opportunities. Traditional methods of assessing investments take no account of specific risks. In the present work, steps in the analysis of implementation scenarios for an innovative project are described. A single criterion is derived for use in selecting the best option. The proposed method takes account of not only the standard economic measures by which investments are judged but also the level of aggregate risk.

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Correspondence to T. Yu. Nikolenko or L. V. Semina.

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Translated by B. Gilbert

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Nikolenko, T.Y., Semina, L.V. Risk Assessment in the Economic Analysis of Innovative Projects. Russ. Engin. Res. 42, 430–433 (2022). https://doi.org/10.3103/S1068798X22040256

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  • DOI: https://doi.org/10.3103/S1068798X22040256

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