This talk applies the concept of Cost-Benefit Analysis to Corporate Longevity and clarifies the fundamental parameters that determine the behaviour of the government and the private participants of innovative projects. It aims at extending the framework of financial (commercial) analysis on a microeconomic level in order to better fit the interdisciplinary and multilevel project results through the analysis of economic (public) efficiency. As a tool of an evaluation of efficiency the multi-period simulation model of investment project is used. It consists of financial and economic components. For the profound quantitative estimation of economic efficiency the simulation model is interconnected with the modified two-period input-output inter-regional model, which is expanded by inclusion of a technological vector of the investment project. These methods are applied to real projects (3 megaprojects and 19 micro innovative projects of the Siberian Branch of the Russian Academy of Science) and experimental projects (2 projects).
Tatyana Novikova, received her BS in economics from Novosibirsk State University in 1977. She earned a PhD degree in economics from the Institute of Economics and Industrial Engineering of the Russian Academy of Sciences in 1987. In 1988-1993 she joined the faculty at Institute of Electrotechnical Communications, and later at Siberian Academy for Public Administration in Novosibirsk. In 1994 she joined the faculty at Department of Economics of Novosibirsk State University. Dr. Novikova also serves as Head Scientist at the Institute of Economics and Industrial Engineering of the Russian Academy of Sciences. Her research interests are focused on public economics and financial and cost-benefit analysis of investment projects.
Building on the overwhelming success of this conference, we are pleased to announce the creation of
"In order for business methodologies to incorporate innovation, they have to make peace with uncertainty. Uncertainty is a place holder for things to be created. It is like the incorporation of the zero in mathematics. Who could have imagined that adding nothingness would launch science into the modern world?", Hamid Benbrahim, 2010
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