Economic mathematical model for assessing the impact of innovation investment activities on improving competitiveness

Improving the competitiveness of enterprises and organizations in the global industry markets is one of the priorities in achieving the dynamic sustainable economic development of these enterprises, industries, and the country as a whole. At the present stage, better competitiveness is largely ensured by the active introduction and use of innovative technologies in production and management that secure competitive leadership. However, to analyze the interrelationship of competitiveness and innovation-driven growth, one can build a generalized integral model based on the analysis and assessment of the strategic risks of the total risk flow in the context of the global economic crisis and the post-crisis period with huge use of data technologies and computing software. An economic mathematical modelling tool was developed in the article to assess the efficiency of the funds allocated for developing, introducing, and applying innovative technologies. The results of calculations under this model can provide private investors with a clear justification for the prospects of investing in innovative projects of the company and improve the quality of financial reporting, thereby making the company more attractive to outside investors. © 2019, Institute of Advanced Scientific Research, Inc.. All rights reserved.