Assessment of the economic efficiency of the innovative development of industrial enterprises

Abstract

The savings received from the implementation of innovative measures are usually associated with the results of other measures regarding the expansion of production capabilities. In this regard, it is advisable to consider the impact of innovative development of an enterprise on the efficiency of its activities in the framework of studying the economic efficiency of scientific and technological progress and its impact on reducing costs and not using effective innovations in production. The canonical correlation method is used, which allows one to simultaneously analyze the systems of indicators of production efficiency and the factors that define it. To analyze and assess the efficiency of the innovative development of an enterprise, an optimal combination of factors for its increase is proposed, based on the fact that many factors affecting the efficiency of economic activity, together with the complexity of their relationships, have optimal ranges of actions.