Optimization of costs for innovations of industrial enterprises Western Ukraine in ensuring sustainable environmental development

Abstract

The structural transformations taking place in the world economy are due to the transition from the «industrial economy» to the «knowledge economy», which is characterized by the dominance of intellectual capital and innovation. It is determined that an important condition for sustainable economic development of the country and increasing competitiveness is the effective implementation of innovation. The purpose of the study is to determine the optimal cost structure for innovation and its impact on sales revenue. Within this framework, attention is focused on the use of elements of economic and mathematical modeling. The scientific novelty is to develop a model that will substantiate the relationship between the studied indicators of innovation costs, will allow to predict the amount of income from sales and ensure the achievement of its optimal value. It is established that the proposed multiple linear regression quite clearly describes the initial data and can be used for prediction. The practical significance of the obtained results lies in the applied orientation of the approaches, the use of which improves the management of innovation costs and increases the level of reliability of economic information of industrial enterprises of Ukraine and as a result will improve the environmental situation. The study will assess the impact of economic entities on the environment and preserve the natural resource potential in order to achieve sustainable economic development.

Taxonomy of Financial Reporting in the Context of Digitalization of the Economy: Domestic and International Analysis Scientific Research

“…In our opinion, it is advisable to use bibliometric analysis to better substantiate the research problem. This method is used, firstly, to analyze the effectiveness of research, and secondly, to map research (Hyk, 2021). The effectiveness of scientific work is aimed at evaluating the results of research and publications on individual keywords, authors, countries and sources (journals).…”

Management and Production Engineering Review

“…The innovation can address the challenges that these economies face, such as cleaner production (Kadiyevskyy and Klymenko, 2014;, overcoming poverty and social insecurity (Starychenko et al, 2021), importing technology and adapting to modernize production, particularly agriculture (Hyk, 2021;Kaminskyi et al, 2021).…”

Untitled

“…Accounts of assets and liabilities (13,20,22,372,65,661,631,685) D-t contents of business transactions: 1) reflects the production costs for the preparation and development of new products; 2) written off the costs of future periods for production costs. The option of reflecting costs for innovations in the write-off as they arise does not involve direct capitalization, but is reflected in the current costs in full (Fig.…”

“…Accounts of assets and liabilities (13,20,22,372,65,661,631,685) D-t Content of business operations: 1) written off for production costs associated with the preparation and development of production of new products (goods, works, services); 2) reflects the costs of research and development of innovative products as part of other operating costs; 3) included in the cost of costs associated with the preparation and development of new products (goods, works, services); 4) written off to the financial results of the costs of research and development of innovative products (goods, works, services).…”