SCIENTIFIC APPROACHES TO MANAGE RISKS IN INNOVATIONAL PROJECTS OF TRADE ENTERPRISES
Journal Title: Ринкова економіка: сучасна теорія і практика управління - Year 2016, Vol 15, Issue 2
Abstract
The article deals with questions of scientific approaches to risk management in in¬novative projects of trade enterprises. The consistency of the “risk-potential” concept with the main provisions of the Errou theory of risk aversion is explored. The comparative analysis of the concept of acceptable risk and the concept “risk-potential” is offered. In the proposed study, these properties are considered for all Y values, including for small values (or equivalents, for the commencement of the use of innovations) where risk preference exists. The essence of Arrow’s theory is a positive theory, that is, it does not give the recipes of rational behavior in a risk, but aims to give a description of the basic general patterns that manifest themselves in the behavior of individuals at risk. The significance of the Errow theory lies not only in the fact that it aims to protect the entrepreneur from unreason¬ably high levels of risk, but, as shown in this paper, it helps the entrepreneur to assume the necessary and possible risks. There is an optimal level of risk. The level of risk should not be reduced or increased, but kept at the optimal level. This also corresponds to the Arrow theory in the sense that it is necessary to evade unnecessarily high levels of risk. The optimal level of risk is determined by the ratio of the cost of developing anti-risk measures and increasing the target function (utility function). The analysis of existing risk management methods as well as new opportunities in relation to risk management in the concept of “risk-potential” allows us to develop a generalized classification of methods for managing innovation risks. Existing methodological provisions of business planning and modeling processes of uncertainty of in¬novative processes allow developing and practically realizing the method of optimization of an innovative project on the basis of the use of the concept “risk-potential”.
Authors and Affiliations
Ye. I. Maslennikov, O. Yu. Chuiko
SYSTEM APPROACH TO BUILDING MODEL OF FINANCIAL MECHANISM OF STATE-PRIVATE PARTNERSHIP
The organization of financial relations between the state and business in the structure of the financial mechanism of public-private partnership (hereinafter – PPP) is carried out according to certain models. The choice...
Funds investing in housing and registration rights of investors in investment objects
The subject of article is a restriction of the legislation of Ukraine concerning means of the investment instruments of the housing constructions that are aimed to prevent abuses of the developer and to protect rights of...
Intellectualization processes of the modern system of the management
The processes of the innovative transformation of the management, which reinforce the modern executive activities' intellectualization, are viewed and analyzed in the The approach to the analysis of such categories of t...
RATIO OF SOCIAL AND HUMAN CAPITAL IN ORGANIZATION
Research subject of this article is the social capital as an economic category. The objective of the article is the review of the social capital’s phenomenon in the postindustrial society form the viewpoint of the differ...
THE PROSPECTS FOR ATTRACTING INVESTMENTS IN PORTS OF UKRAINE
In the article the investment component of seaports Ukraine is considered. The dependence of the seaports of investment resources is too high. At the same time the effectiveness of investment projects in certain ports ar...