Optimisation model for industrial complex competitiveness: a path to sustainable innovation process

Abstract

Business entities of all forms and origin face the necessity to foster new management approaches in order to promote its excellence. Sustainability is a key issue for organisations nowadays as they increasingly acknowledge that their practices have social and/or environmental consequences. Multi-stakeholder systems such as industrial complexes/clusters seek to raise competitiveness by integrating new innovative business models and appropriate responsibility in various fields of operations. These managerial technologies require a novel outlook at the optimisation model of the numerous competitive forces and its evaluation. In light of this, it is imperative that new methodologies and frameworks to facilitate the understanding of sustainability concepts in the business environment are to be developed as innovation approach. The framework suggested in the paper helps to outline guidelines on evaluating the nature and process of innovative and sustainable competitive strategy considering many indicators influencing industrial complexes and its environment.

The Integrated Economic Model of Oil Field Development in the Context of New Industrialization

“…But in the end, the NPV for the field for the period of the effect of the proposed operations exceeds the actual one by 20.1 million rubles. This circumstance is because the model when forming the program, chose the most economically effective measures from the possible practical ones, selected the best combination of projects that bring the maximum technological and economic effect [18].…”

Application of Elasticity Theory for Assessment of Social and Economic System Sustainability

“…There are plenty of works on sustainability. Not claiming it to be an all-inclusive survey we would like to mention for purposes of our research that some of them devoted to global and national sustainability [7,8], while others with sustainability in industrial complexes and organizations [9,10] as well as sustainability in innovative economy [11] and environmental sustainability [12,13].…”