Regional model of simultaneous investment, production and financial planning of programmes for innovative development

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Authors

  • Sergey Yashin Lobachevsky University, Department of Management and Public Administration, Nizhny Novgorod, Russia
  • Egor Koshelev Lobachevsky University, Department of Management and Public Administration, Nizhny Novgorod, Russia
  • Aleksandr Kuptsov Lobachevsky University, Department of Management and Public Administration, Nizhny Novgorod, Russia
  • Yuliya Zakharova Lobachevsky University, Department of Management and Public Administration, Nizhny Novgorod, Russia
  • Larisa Zenkova Belarusian State University of Economics, Department of Economics and Management, Minsk, Belarus

Keywords:

innovative development of regions, investment planning, production planning, financial planning, research and development costs

Abstract

The subject of this study is the planning of programmes for innovative development of the region based on the simultaneous investment, production and financial planning. A regional model of planning the programmes for innovative development has been created to reduce on a global scale current domestic costs for research and development (R&D) of the industrial region depending on its investment planning according to the data on investment in stock capital, production planning according to the data on gross regional product (GRP) and financial planning according to the data on corporate accounts payable. In the Nizhny Novgorod Region investments in stock capital and GRP should be increased and the amount of corporate accounts payable reduced in order to minimise all costs for R&D. However, there is a corporate debt limit established for fundamental research. It is not feasible to exceed such
limit because this would lead to an outflow of necessary funds for fundamental research, and increase in costs for applied research as well. For developments, there is a lower GRP limit. It is inadvisable to fall below such limit because this would lead to an outflow of necessary funds for developments.

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Published

2022-08-01

Issue

No. 001 (2022): The III International applied research conference “Human resource management within the framework of realisation of national development goals and strategic objectives”

Section

Articles