Economic evaluation and justification of engineering projects for machine-building enterprises
Synopsis
Increasing business activity and improving the financial performance of most domestic enterprises require the implementation of a large-scale program to update their technical and technological base. This includes replacing outdated equipment, technologies, and products, as well as improving production organization and management. Enhancing the technical and organizational level is particularly important for enterprises in high-tech industries, such as machine-building. Currently, the competitiveness of most domestic machine-building enterprises is low, which naturally leads to reduced demand for their products and a decrease in production volumes.
The modernization of the technical and technological base of machine-building enterprises requires the implementation of investment projects aimed at introducing advanced equipment and technological processes, creating and manufacturing innovative products, etc. A significant portion of the work related to the development and implementation of these measures can be carried out by specialized organizations—engineering firms. However, the feasibility of purchasing their services requires prior justification through the development of corresponding engineering projects, which are a type of investment project.
Contemporary scientific literature presents numerous methods and approaches for evaluating the effectiveness and justifying the feasibility of investment projects at enterprises. However, insufficient attention has been paid by scholars to the specifics of engineering works and services as a design object, as well as to the sectoral aspects of their implementation.
The aim of the study is to develop theoretical principles and provide methodological and practical recommendations for improving approaches to economic evaluation and justification of engineering projects for machine-building enterprises. Achieving this goal necessitated the solution of the following tasks:
further development of the theoretical foundations for the economic evaluation and justification of engineering projects at the enterprise;
development of methodological principles for analyzing and diagnosing the current technical and organizational level of machine-building enterprises;
development of a method for justifying the feasibility of acquiring services provided by engineering firms for machine-building enterprises;
improvement of the methodological foundations for forming engineering work programs at machine-building enterprises;
development of a method for assessing the economic efficiency and justifying the feasibility of implementing individual types of engineering projects at machine-building enterprises;
improvement of methodological and practical foundations for justifying the selection of engineering projects and forming their portfolio at machine-building enterprises.
The object of the study is the processes of evaluating the effectiveness and justifying the feasibility of implementing engineering projects at machine-building enterprises.
The subject of the study is the theoretical, methodological, and practical foundations for evaluating the effectiveness and justifying the feasibility of implementing engineering projects.
The practical significance of the results lies in the possibility of applying the methodological recommendations by managers and specialists at all levels of machine-building enterprises. These recommendations include: analyzing and diagnosing the current technical and organizational level of machine-building enterprises; justifying the feasibility of involving engineering firms' services; planning an engineering work program at machine-building enterprises; evaluating the economic efficiency and justifying the feasibility of implementing individual engineering projects; and forming an engineering project portfolio at a machine-building enterprise.
References
Amosha O. I. Economic mechanisms for activating innovation activity in Ukraine. Economy of Industry, 5 (31), 2005. pp. 15-21.
Amosha O. I. Innovative renewal of the technical and technological base of industrial production on synergetic principles: Theory and Practice. Economy of Industry, 1(36), 2007. pp. 3-9.
Andrusiv U. Ya., An integrated approach to ensuring the rational use of energy resources. Business Inform, 1, 2017. pp. 44-49.
Aptekar S. Evaluation of investment project efficiency. Economy of Ukraine, 1, 2007. pp. 42-49.
Afonin A. S. & Nestarchuk V. P. Enterprise restructuring technology: [Textbook]. Kyiv: Publishing House of European University of Finance, Information Systems, Management, and Business, 2000. 72 p.
Bardysh G. O. Project Analysis: Textbook. Kyiv: Znannia, 2006. 415 p.
Ben T. On the determination of investment efficiency. Economy of Ukraine, 4 (545), 2007. pp. 12-19.
Bilousko V. S., Belenkova M. I., Bilousko T. Yu. & Tymchuk V. M., Problems of intellectual capital transfer in the system of intellectual property rights and intangible assets. bulletin of the center for scientific support of agro-industrial production of Kharkiv Region: Scientific and Practical Journal, 10, 2011. pp. 348-361.
Boreyko V. I. Innovation as the basis for economic growth. Topical Issues of the Economy, 9 (87), 2008. pp. 42-48.
Boyarko I. M. & Hrytsenko L. L., Investment analysis. Kyiv: Center for Educational Literature, 2011. 400 p.
Budyaiev M. O. Investment project portfolio as a basic component in ensuring the investment attractiveness of the enterprise. Young Scientist, 7 (34), 2016. pp. 9-12.
Vasilyshyn T. Analysis of the current state of ukraine’s machine-building industry and identification of its main development problems. Halytskyi Economic Bulletin, 4(43), 2013. pp. 10-20.
Vasylenko V. A. Diagnostics of sustainable enterprise development: [Monograph]. Kyiv: Center for Educational Literature, 2006.184 p.
Vasylenko V. A. Theory and practice of developing management decisions: Textbook. Kyiv: TsUL, 2003.420 p.
Verbytska H. L. & Melnyk, O. H. Improving the mechanism for evaluating investment project efficiency. bulletin of national university "Lviv Polytechnic" management and entrepreneurship in Ukraine: Stages of Development and Problems, 635, 2008. pp. 156-162.
Vlasenko O. Evaluation of market potential for innovative technology. Economist, 9, 2007. pp. 70-74.
Vozniak H. V. & Kuznetsova A. Ya., 2007. innovation activities of industrial enterprises and ways of financing Them in Ukraine: [Monograph]. Kyiv: UBS NBU, 2007. 183 p.
Voitsekhovska Yu. & Voitsekhovska V. Economic aspects of engineering for innovative renewal of enterprise fixed assets. Bulletin of National University "Lviv Polytechnic", 582, 2007. pp. 15-18.
Voronkova A. E. Diagnostics of the enterprise state: theory and practice: [Monograph] / Ed. by Prof. A. E. Voronkova, 2006. Kharkiv: VD "INZHEK", 448 p.
Heiets V. M. institutional conditioning of innovation processes in the industrial development of Ukraine. Economy of Ukraine, 12, 2014. pp. 4-19.
Herasymovych I. A. Organizational and informational support of engineering in the enterprise operations management system. accounting, analysis, and audit: Problems of Theory, Methodology, and Organization, 2, 2015. pp. 21-25.
Herasymchuk, V. H., Dovhan L. Ye. & Davydenko V. R. Innovation-investment development of ukraine’s industry: Problems and Prospects. Investments: Practice and Experience, 12, 2006. pp. 14-17.
Honchar M. F. & Yemelyanov O. Yu., Improving the mechanism for making management decisions on rationalizing the structure of funding sources for enterprise development investment projects. investments: Practice and Experience, 24, 2009. pp. 3-6.
Honchar O. I. Optimization of economic evaluation of enterprise potential. trade. commerce. entrepreneurship: Collection of Scientific Works, 19, 2015. pp. 49-53.
Honchar O. I. Evaluation of the dynamics of machine-building enterprises’ development potential in the context of integration processes. bulletin of kyiv national university of technology and design. Series "Economic Sciences", 1(83), 2015. pp. 25-35.
Horodyska N. A. Method for evaluating the engineering potential of machine-building enterprises. Bulletin of Odesa National University. Economics, Vol. 18, Issue 3(1), 2013. pp. 88-92.
Horodyska N. A. Method for positioning the engineering activities of machine-building enterprises on the market. Bulletin of Odesa National University. Economics, Vol. 18, Issue 1(1), 2013. pp. 72-75.
Horodyska N. A. Factors shaping and developing the engineering activities of machine-building enterprises. bulletin of national university "Lviv Polytechnic". Management and Entrepreneurship in Ukraine: Stages of Development and Problems, 767, 2013. pp. 9-16.
Hrytsenko L. Ya. & Sklyar N. D. Methodological aspects of evaluating innovative projects as the main component of the mechanism of investment design and budgeting. bulletin of sumy state university, Series "Economics", 1, 2008. pp. 176-182.
Hryshchenko N. V. Global experience in enterprise restructuring. topical issues of the economy, 6 (72), 2007. pp. 67-72.
Hryshko V. A., Yemelyanov O. Yu. & Kret I. Z. Evaluation of current and strategic investment potential of machine-building enterprises. bulletin of national university "Lviv Polytechnic" Problems of Economics and Management, 683, 2010. pp. 210-215.
Hryshko V. A. Indicators and methods for evaluating the innovation potential of machine-building enterprises. East. Analytical-Informational Journal, 7(107), 2010. pp. 18-21.
Humenna O. V. Kansei engineering in the system of marketing innovative products. Economic Bulletin of National Technical University of Ukraine "Kyiv Polytechnic Institute", 10, 2013. pp. 311-315.
Danchenko O. B. & Poskrypko, Yu. A. Engineering business process of personnel management in the system of economic security of organizations. Project Management and Production Development, 3, 2012. pp. 79-87.
Datsii N. V. Investment support instruments for enterprise innovation activity. investments: practice and experience, 5, 2008. pp. 4-5.
Dashko I. M., Yemelyanov O. Yu. & Kret I. Z. Methodological foundations for evaluating the efficiency and feasibility of investment projects considering the risk factor. Bulletin of National University "Lviv Polytechnic" Problems of Economics and Management, 640, 2009. pp. 63-69.
Denysov V., Medvedeva, Yu. & Denysov D. Experience in applying international engineering at operating enterprises. Bulletin of Economic Science of Ukraine, 1, 2010. pp. 173-176.
Derlow D. Key Management decisions. Decision-making technology [Translated from English]. Kyiv: Naukova Dumka, 2001. 242 p.
Dikan O. V. Integration of engineering into the innovation activity of industrial enterprises of railway transport. Black Sea Economic Studies, 4, 2016. pp. 53-58.
Dovbnya S. B. & Kovzel K. A. A New approach to assessing the economic efficiency of investment projects. Finance of Ukraine, 7, 2007. pp. 62-71.
Dudka A. I. A System of efficiency indicators for investment projects: classification, analysis, and application. Prometey, 1 (22), 2007. pp. 163-167.
Yevdokimov F. I. & Lysiakov V. P. Evaluation of the technical and technological potential of a high-tech enterprise. Economy of Industry, 3, 2005. pp. 17-21.
Yemelyanov O. Yu. Planning and regulation of investment activities of enterprises: abstract of Ph.D. Dissertation in Economics. Lviv, 2002. 24 p.
Yemelyanov O. Yu., Vysotskyi A. L., Symak A. V. & Petrushka T. O., Methodological foundations for assessing demand for machine-building enterprises’ products. Marketing and management of innovations, 3, 2017. pp. 198-212.
Yemelyanov O. Yu., Lesyk L. I. & Vysotskyi A. L., Theoretical foundations for forming and evaluating the production and sales potential of machine-building enterprises. Business Inform, 1, 2015. pp. 124-130.
Yemelyanov O. Yu. & Petrushka T. O. Factors and patterns of development of enterprises’ technical and technological base. skhid. Analytical and Informational Journal, 6, 2013. pp. 85-91.
Yefimenko N. A. Strategic management of machine-building enterprises in conditions of external environmental uncertainty. Investments: Practice and Experience, 10, 2007. pp. 26-28.
Yefimenko N. A. Formation of investment potential in machine-building enterprises. Investments: practice and experience, 9, 2007. pp. 17-21.
Zhezhuha V. Yo. & Horodyska N. A. The state of engineering activities as a business area in ukrainian machine-building enterprises. Economic analysis, 16(20), 2014. pp. 58-64.
Zahorodnii A. H. & Vozniuk H. L. Financial and economic dictionary. Lviv: Publishing house of the national university "Lviv Polytechnic", 2005. 714 p.
Zakirov E. Consulting engineering in Uzbekistan: de facto, 2009. Technology and Design, 1, 2009. pp. 31-33.
Zaiukova, M. S. Methodological foundations for evaluating the level of development of processing enterprises. Topical issues of the economy, 8(98), 2009. pp. 75-78.
Zubenko A. A., Klymenko B. T. & Osyka A. P. Types of innovation life cycles. investment and innovation processes, 2, 2005. pp. 95-100.
Ivanov V. V. Reverse Engineering Project Management. bulletin of national technical university "KhPI". Series: Strategic Management, Portfolio, Program, and Project Management, 1, 2015. pp. 122-127.
Ivanilova, O. A. Structural approach to the analysis of the concept of "Financial Engineering". Bulletin of Eastern European University of Economics and Management. Series: Economics and Management, 2, 2013. pp. 118-125.
Illyashenko K. V. Opportunities for increasing investment efficiency by reducing risks. Bulletin of PoltNTU "Economy and Region", 2 (13), 2007. pp. 75-77.
Illyashenko S. M. Innovation development management: [Textbook]. Sumy: VTD "Universytetska Knyha", 2005. 324 p.
Karabanov B. Business engineering as a management tool. Manager and Management, 1-2, 2010. pp. 38-44.
Karavan N. A. Profitability index as an indicator of relative investment project efficiency. Prometey, 1(19), 2006. pp. 177-181.
Karakai Yu. V. Marketing of innovative goods: [Monograph]. Kyiv: KNEU, 2005. 226 p.
Kasych A. O. Strategic directions of innovative development of Ukraine’s machine-building industry. Topical issues of the economy, 7 (73), 2007. pp. 32-40.
Kashchyshyn V. M. Indicators and methods for evaluating the economic efficiency and justifying the feasibility of implementing engineering projects at machine-building enterprises. Economic Scientific and Practical Journal "Black Sea Economic Studies", 23.2017. pp. 84-89.
Kashchyshyn V. M. Methodological foundations for designing an engineering work program at machine-building enterprises. Scientific Bulletin of Kherson State University, 25 (1), 2017. pp. 147-151.
Kashchyshyn V. M. Features of evaluating the business attractiveness of engineering companies. Scientific Bulletin of International Humanitarian University, 28, 2017. pp. 102-105.
Kashchyshyn V. M. Evaluation of the technical and organizational level of enterprises as a prerequisite for developing engineering projects. economic space, 88, 2014. pp. 183-198.
Kashchyshyn V. M. Engineering projects: essence, classification, and features of economic evaluation. Scientific Journal "Young Scientist", 10, 2014. pp. 75-78.
Kashchyshyn V. M. Prerequisites for the formation of enterprises’ demand for engineering services for the implementation of new technologies. Technological Audit and Production Reserves, 4/2(12), 2013. pp. 56-60.
Kashchyshyn V. M. & Kuzmin, O. Ye. Justification of the best option for an innovative project to produce higher-quality products. Bulletin of the University of Banking of the National Bank of Ukraine, 2 (14), 2012. pp. 100-103.
Kashchyshyn V. M. Justifying the feasibility of involving engineering firms for developing measures for the technological renewal of industrial production. in: proceedings of the international scientific and practical conference "Innovation strategy and tactics for the financial and economic development of national economy entities", Chernivtsi 2014. pp. 28-30.
Kashchyshyn V. M. Using engineering firms’ services to enhance the technical and organizational level of machine-building enterprises. in: development of national economy: Theory and practice. Proceedings of the International Scientific and Practical Conference, Ivano-Frankivsk, 2015. pp. 149-151.
Kashchyshyn V. M. Planning an engineering work program at machine-building enterprises. In: Proceedings of the III international scientific and practical conference "Problems of formation and development of innovation infrastructure: European Vector – New Challenges and Opportunities", 2015. p. 165.
Kashchyshyn V. M. Typology of engineering projects of machine-building enterprises. In: Proceedings of the international scientific and practical conference "Priority directions for the socio-economic development of the state and regions", Dnipro 2016. pp. 89-91.
Kvaktun O. O. & Lysenko Ya. O. The current state of the global market for engineering services. Economic Space, 74, 2013. pp. 24-32.
Kyzym M. O., Matiushenko I. Yu., Shostak I. V. & Danova M. O. Foresight forecasting of priority directions in the development of nanotechnology and nanomaterials in the world and in Ukraine: [Monograph]. Kharkiv: VD “INZHEK,” 2015. 272 p.
Kyzym M. O., Shpilevskyi V. V. & Miliutin, H. V. Justification of priority directions for structural and technological modernization of the power generation sector. Problems of Economy, 1, 2018. pp. 69-86.
Kyrylova, L. I. Principles for evaluating the economic efficiency of investment projects. Economy of Industry, 3 (29), 2005. pp. 122-126.
Koval V. V., Bashynska M. I. & Redkva O. Z., The development of the machine-building complex in the context of ensuring its economic security. Black Sea Economic Studies, 7, 2016. pp. 117-120.
Koval, N. V. Justification of the discount rate for forecasting the efficiency of investment projects in Ukraine. Investments: Practice and Experience, 9, 2010. pp. 9-13.
Kozyk V. V., Yemelyanov O. Yu. & Politanska O. L. Determining the sensitivity of investment efficiency to changes in effect-creating factors of innovative production. Investments: Practice and Experience, 3, 2009. pp. 6-9.
Kolpakov V. M. Theory and Practice of Managerial Decision-Making. Kyiv: MAUP, 2000. 256 p.
Komirna O. V. & Katrych O. V. Control and analytical support for assessing the investment attractiveness of enterprises. Business inform, 1, 2017. pp. 67-72.
Kolisnyk M. K. Methodological aspects of project evaluation at domestic enterprises: a study of existing practices. bulletin of the national university "Lviv Polytechnic." Management and Entrepreneurship in Ukraine: Stages of Formation and Development Problems, 517, 2004. pp. 21-28.
Koleshchuk O. Ya. Justification of the criterion for making optimal decisions on the renewal of fixed assets of machine-building enterprises. Scientific bulletin of NLTU of Ukraine, 20.1, 2010. pp. 302-308.
Koleshchuk O. Ya. Assessing the technical condition of fixed assets of industrial enterprises. Scientific Bulletin of NLTU of Ukraine, 20.4, 2010. pp. 219-226.
Kostyrko L. A. Diagnosing the potential of financial and economic stability of an enterprise: [Monograph]. Kharkiv: Factor, 2008. 336 p.
Kryvokon M. O. Methodological approaches to the interpretation of the concept of reengineering in economics. Young Scientist, 2(2), 2015. pp. 129-132.
Kubrak N. R., Krykavskyi Ye. V. & Kosar N. S. The potential of elasticity in shaping the competitiveness of industrial enterprises: [Monograph]. Lviv: Publishing House of Lviv Polytechnic, 2013. 204 p.
Kuznetsova I. O. The engineering paradigm as a methodological basis for building a management process. Economy: Realities of Time, 2, 2014. pp. 52-57.
Kuznetsova I. O. Engineering in the process of enterprise management. bulletin of socio-economic research, 1, 2014. pp. 216-223.
Kuzmin O. Ye., Zhezhuha V. Yo. & Horodyska N. A., Foreign experience of engineering activities. Problems of economy, 3, 2014. pp. 240-245.
Kuzmin O. Ye. & Horodyska N. A. Conceptual provisions for defining the essence of engineering enterprises. Bulletin of the national university "Lviv Polytechnic," 722, 2012. pp. 131-134.
Kuzmin O. Ye. & Horodyska N. A. Typology of engineering enterprises as subjects of the market environment and innovation infrastructure. Technological audit and production reserves, 2/2 (10), 2012. pp. 30-35.
Kuzmin O. Ye., Zhezhuha V. Yo. & Horodyska N. A. Establishing the upper limit of an engineering company’s income from implementing engineering projects. Business inform, 9, 2014. pp. 215-218.
Kuzmin O. Ye., Alekseyev I. V., Sai L. P. & Kots O. O., Innovation development of an enterprise at the stage of scientific and technical preparation of production: planning and organization features. Monograph. Lviv: Publishing House “Raster-7,” 2012. 256 p.
Kuzmin O. Ye. & Melnyk O. H. Basics of management: Textbook. Akademvydav, 2003. 416 p.
Kurinenko O. V. Application of fuzzy set theory in evaluating the economic efficiency and risk of investment projects under uncertainty. Bulletin of Khmelnytskyi National University. Economic Sciences, vol. 3, no. 4, 2008. pp. 197-201.
Kuchma O. O. & Sologub I. O. Preconditions for the development of comprehensive engineering in the implementation of investment projects in construction. Scientific bulletin of construction, 2, 2016. pp. 382-386.
Ladonko L. S. & Soloshyn O. S. X-Engineering as a new direction of change management. Scientific bulletin of Polissia, 2, 2015. pp. 115-120.
Lysenko V. V. Business process engineering in personnel management systems. development management, 14, 2013. pp. 11-14.
Lobanov A. A. Formation of corporate structures for providing engineering services. Management and business administration, 1, 2009. pp. 175-178.
Lukin S. Yu. & Kozachenko R. P. Ukraine in the modern market of knowledge-intensive products. Economic Space: Collection of Scientific Papers, 11, 2008. pp. 29-35.
Liukshyn A. M., Contract for the provision of engineering services. Business, management, and law, 2 (22), 2010. pp. 130-138.
Maslianko P. P. & Maistrenko O. S. Business engineering of organizational systems. Scientific News of the National Technical University of Ukraine, 1, 2011.pp. 69-78.
Melnyk O. H. Diagnostic systems for the activities of machine-building enterprises: polycriteria concept and tools: [Monograph]. Lviv: Publishing House of the National University "Lviv Polytechnic", 2010. 344 p.
Mykytenko V. V. & Hryshchenko I. S. Development of a concept for managing the accelerated cycle of innovation activities. Investments: Practice and Experience, 4, 2008. pp. 19-22.
Mykytiuk P. P. Analysis of the impact of investments and innovations on the efficiency of business activities: [Monograph]. Ternopil: Economic Thought, 2007. 296 p.
Mykytiuk P. P. The time factor in investment efficiency analysis: theoretical and methodological aspect. Bulletin of Khmelnytskyi National University, 1, 2007. pp. 17-21.
Mykhalitska N. Ya. Implementation of energy and resource-saving policies in the context of strengthening national security. Scientific Bulletin of Lviv State University of Internal Affairs. Economic Series, 2, 2013. pp. 108-117.
Minochkina O. & Belichenko A. Mechanisms for managing the life cycle of enterprises and its modeling. Bulletin of TDEU, 4, 2008. pp. 84-91.
Mrykhinа O. B. The essence and importance of technology transfer in the context of strategic development of universities. Business Inform, 1, 2018. pp. 128-139.
Mrykhinа O. B. Justifying the role and key determinants of technology transfer developed in higher education institutions. Economic Space, 118, 2017.pp. 209-221.
Mrykhinа O. B. Approaches to improving the regulatory and legal framework for technology transfer in Ukraine. Analytical and Informational Journal "East," 2 (128), 2014. pp. 19-25.
Naidyuk V. S. The essence and preconditions for the innovative development of enterprises. Marketing and innovation management, 4, 2013. pp. 251-263.
Nasurlaieva K. E. The Concept of engineering: Theoretical and legislative aspects. Scientific Bulletin of Uzhgorod National University. Law Series, 23 (1), 2013.pp. 241-244.
Nasurlaieva K. E. The Concept and characteristics of an engineering contract. legal bulletin. Air and Space Law, 2, 2015. pp. 118-122.
Nasurlaieva K. E. Legal regulation of relations in the field of engineering. Evropsky Politicky a Pravni Diskurz, 3 (6), 2016. pp. 253-257.
Nekrasova L. A. & Khristova A. V. Forming a resource-saving model for enterprise development. Economy: Realities of Time, 2 (30), 2017. pp. 79-84.
Nykyforov A. National innovation system: Ukraine's choice. Economist, 12, 2005.pp. 35-37.
Orlov P. A. Determining the efficiency of real investments. finance of ukraine, 1, 2006. pp. 51-57.
Orlov P. A. & Ruban V. V. Improving the methodological support for evaluating investment projects for launching the production of new machines and equipment. Economic Development, 3 (43), 2007. pp. 8-9.
Parshyna O. A. Managing the competitiveness of innovative products under globalization conditions. Science and Economy, 1, 2008. pp. 135-140.
Pashuta M. Innovations as a factor of accelerated economic development. personnel, 6, 2006. pp. 16-25.
Pelykhov E. F. Economic efficiency of innovations: [Monograph]. Kharkiv: Publishing House NUA, 2005. 168 p.
Petrovych Y. M. & Prosovych O. P. Improving methods for assessing the economic efficiency of investments. Bulletin of the National University "Lviv Polytechnic." Issues of Economics and Management, 533, 2005. pp. 66-71.
Petrushka T. O. Evaluation of the economic efficiency of resource-saving development of industrial enterprises: abstract of the dissertation for the degree of candidate of economic sciences: 08.00.04. Lviv, 2013. 25 p.
Podolchak N. Yu. & Bednarska O. R. Risk planning in machine-building enterprises. Actual problems of economics, 8, 2011. pp. 219-229.
Pozhuieva T. O. & Mitrokhina T. O. Economic assessment of innovation activity at the enterprise. State and regions, 6, 2006. pp. 409-411.
Polytanska O. L. The Impact of Technological Innovation in Machine and Instrument Building on the Economic Efficiency of Production. Actual problems of economics, no. 3 (69), 2009. pp. 105-113.
Popova H. Yu. Formation of a risk protection strategy for engineering firms. bulletin of economic science of Ukraine, 2, 2016. pp. 157-161.
Rachynska H. V. Technological audit as a method of evaluating the commercial potential of innovation projects. Bulletin of the National University "Lviv Polytechnic." Issues of Economics and Management, 533, 2005. pp. 189-193.
Redkin O. V. & Tolmachov D. M. Implementation of engineering and development in the innovation-investment model of development and organization of modern enterprises. Economy and region, 4 (23), 2009. pp. 102-107.
Rossokha, V. V. Methodology for evaluating innovation potential. Actual problems of economics, 5 (47), 2005. pp. 68-75.
Ryashchenko V. P. Directions for optimizing business processes of the enterprise. Actual problems of economics, 10, 2012. pp. 143-150.
Savchuk A. V. Theoretical foundations of the analysis of innovation processes in industry: [Monograph]. Donetsk: institute of industrial economics of the NAS of Ukraine, 2003. 448 p.
Savchuk V. P., Prilipko S. I. & Velychko E. H., Analysis and development of investment projects: Textbook. Kyiv: Absolute-V, 1999. 304 p.
Salyha K. S., Efficiency of real investments: [Monograph]. Zaporizhzhia: ZIDMU, 2007. 284 p.
Samuliak V. Yu. & Feshchur R. V. Evaluation of enterprise development level. Bulletin of the National University "Lviv Polytechnic." Logistics, 633, 2008. pp. 627-636.
Semenov H. A. & Bohdan Yu. M. The current state of innovation activity in Ukraine. State and Regions, 2, 2008. pp. 231-235.
Sydych O. V. Diagnostics of innovation potential of enterprises. Bulletin of PoltNTU "Economics and Region," no. 3 (6), 2005. pp. 87-91.
Synytsia M. I. The Use of social technologies in public administration. Scientific bulletin of the academy of municipal management. Management series, 3, 2011. pp. 18-23.
Sytnyk O. B. Experience in engineering activity in the modern economic space. Economics and management of machine-building enterprises, 4, 2013. pp. 104-116.
Sychov H. M., Cherevatskyi D. Yu. & Danilov V. K. On express methods for evaluating the efficiency of investment projects. Manager, 2 (32), 2005. pp. 131-137.
Skvortsov I. B., Zahorska T. V. & Skvortsov D. I. Regulation of the impact of amortization deductions on the profitability of machine-building enterprises. Bulletin of the national university "Lviv polytechnic." Management and entrepreneurship in Ukraine: stages of formation and problems of development, 606, 2007. pp. 216-220.
Smolii L. V., Zahorodniuk, O. V. & Maliuha, L. M., Modeling investment decision-making regarding the technical support of agricultural enterprises. Economic Annals-XXI, 163, 2017. pp. 79-84.
Sologub I. O. Aspects of the development of engineering firms within the project-oriented approach. Scientific bulletin of construction, 4, 2015. pp. 252-256.
Stadnytskyi Yu., Zahorodnii A., Kapitanets O. & Tovkan O., Economic choice of optimal technologies: micro and macroeconomic aspects: [Monograph]. Lviv: ZUKTS, 2006. 320 p.
Tymoshchuk M. R. Methods for evaluating the development potential of enterprises considering the significance of financial and economic factors. Scientific bulletin of NLTU of Ukraine: Collection of Scientific and Technical Papers, 20.15, 2010. pp. 241-248.
Trachenko L. A. Engineering services as an object of commodity science: expert quality assessment: Monograph. Odesa: Atlant, 2014. 212 p.
Turilo A. M. & Turilo A. A. Further research on the essence of economic efficiency and classification of its types. Actual problems of economics, no. 3 (33), 2004. pp. 153-157.
Tiutiunnyk I. V. & Mishchenko V. A. Analysis of the current state of ukraine's machine-building industry. Bulletin of NGU "KhPI", 28(1137), 2015. pp. 109-113.
Management of innovation activity in the economy of Ukraine: [Collective Monograph Edited by Prof. S. A. Yerochin], 2008. Kyiv: National academy of management, 116 p.
Fedorenko V. H., Investment: Textbook. Kyiv: Alerta, 2006. 443 p.
Fedorova V. A. & Tatarchuk, Yu. I., Main problems and challenges of innovation activity in enterprises. Economic space: collection of scientific papers, 109, 2016. pp. 234-243.
Fedulova L. I. Innovative vector of industrial development in Ukraine. economy of Ukraine, 4, 2013. pp. 15-23.
Fedulova L., Technological development of the economy. Economy of Ukraine, 5, 2006. pp. 4-11.
Feshchur R. V. & Tymoshchuk M. R. Formation of a system of indicators for evaluating enterprise development potential. Bulletin of the National University "Lviv Polytechnic." Management and entrepreneurship in Ukraine: stages of formation and problems of development, 567, 2006. pp. 176-180.
Filipova N. O. Innovative services as a source of expanding markets for high-tech products. State and regions, 2, 2008. pp. 259-263.
Khaminich S. & Myshchak N. Industrial engineering as a tool for creating competitive production. Collection of scientific works of cherkasy state technological university. Series: economic sciences, 39(1), 2015. pp. 98-103.
Khariv P. S. Innovative Activity of enterprises and economic evaluation of innovation processes: [Monograph]. Ternopil: "Economic Thought," 2003. 326 p.
Kharchuk V. Yu. Theoretical aspects of the categories "innovation" and "innovation introduction." Prometheus, 2, 2007. pp. 129-132.
Khmelevskyi O. Assessment of profitability in the innovation-investment development of machine-building enterprises. Economist, 3, 2008. pp. 50-53.
Khorolskyi V. P., Rybalko L. P., Puri H. V. & Khorolska O. V. Methodological foundations for decision-making on balanced management of production, economic annals-XXI, 160, 2016. pp. 45-50.
Chaika V. V. Methodological foundations for evaluating the efficiency of innovation activity. bulletin of socio-economic research, 23, 2006. pp. 353-359.
Chaikovskaia M. P. & Khmelevska O. V. Agent-based modeling of internal interactions in engineering companies. Bulletin of Khmelnytskyi National University. Economic Sciences, 4(2), 2014. pp. 286-294.
Cherevatskyi D. Yu. Types of investment projects and annuities that ensure their profitability. Industry economics, 2 (33), 2006. pp. 158-161.
Chymshyt S. I., Chalapko L. D. & Okunevych I. L. Methodological foundations for enterprise potential analysis. bulletin of economic science of Ukraine, 1, 2011.pp. 169-175.
Chylii O. V. Justification of the discount rate in the evaluation of investment projects. Finance of Ukraine, 8, 2001. pp. 112-116.
Chubai V. M. Analysis of the innovation potential of a machine-building enterprise in the process of developing and implementing an innovation strategy. Actual problems of economics, 8, 2010. pp. 183-190.
Chukhrai N. I. Optimization of the time of innovation market entry. Prometheus, 3 (24), 2007. pp. 100-105.
Chukhrai N. I. Formation of the innovation potential of the enterprise: marketing and logistics support. Lviv: Lviv Polytechnic Publishing House, 2002. 315 p.
Shvets N. V. & Khandii O. O. Main features and trends in the development of the engineering services market. Economics and law. Series: economics, 3, 2015. pp. 160-164.
Shynhur M. Crisis cycles of investment projects and approaches to their alignment. Bulletin "Economics" of Taras Shevchenko KNU, 55, 2002. pp. 40-43.
Shyra T. B. The Impact of the innovation-technological potential of enterprises on the competitiveness of innovative products. Finance of Ukraine, 1, 2006. pp. 43-50.
Shostak L. Problems of energy supply in the development of Ukraine. Scientific Works of MАUP, 2(16), 2007. pp. 5-12.
Schumpeter J. The Theory of Economic Development. A study of profits, capital, credit, interest, and the business cycle. Kyiv: Kyiv-Mohyla Academy, 2011. 242 p.
Shcherbak A. V. Investment analysis under uncertainty of cash flows. finance of Ukraine, 11, 2005. pp. 61-69.
Yakovlev A. I. Project analysis of investments and innovations. Kharkiv: Business-Inform, 1999. 116 p.
Yakushev E. F. Investment and innovation processes in the instrument-making industry of Ukraine: [Monograph]. Kyiv: Scientific World, 2003. 245 p.
Yancheva L. M. & Bochulia T. V. Optimization of the information-analytical system of the enterprise Based on i-engineering. Economic development, 4, 2014. pp. 83-89.
Yastrubetska L. S. Cash flows in the evaluation of the investment project of an enterprise. Finance of Ukraine, 5, 2005. pp. 101-109.
Caliscan H. K. Technological change and economic growth. Procedia Soc. Behav. Sci., 195, 2015. p. 649-654.
Chan A. P. C., Scott, D. and Chan, A. P. L. Factors affecting the success of a construction project. Journal of construction engineering and management, 130 (1), 2004. p. 153-155.
Cho, S.-C. and Eppinger, S. D. A simulation-based process model for managing complex design projects. IEEE Transaction on engineering management, 52 (3), 2005. p. 316-328.
Flyvbjerg B. From Nobel Prize to project management: Getting risks right. Project Management Journal, 37(3), 2006.p. 5-15.
Eden C., Ackermann F. and Williams T. The amoebic growth of project costs. Project Management Journal, 36(2), 2005. p. 15-27.
Emelyanov O., Petrushka T., Lesyk L. and Hryshko V. The Impact of the Technological Development Level of Ukrainian Enterprises on the Competitiveness of Their Products. International Journal of Business, Humanities and Technology, 4, 2014. p. 129-135.
Koskela L. and Howell G. The theory of project management: explanation to novel methods. Proceedings IGLC, 10 (1), 2002. p. 1-11.
Mrykhina O. B. Pricing is a key element of technology transfer system (in the context of natural monopolies). International Scientific Journal «Euro-American scientific cooperation»: research articles, 3, 2014. p. 12-17.
Ortega-Argilés R., Piva M., Potters L. and Vivarelli M., Is corporate R&D investment in high-tech sectors more effective? Contemporary Economic Policy, 28 (3), 2010. p. 353-365.
Ortega-Argilés R., Potters L. and Vivarelli M., R&D and productivity: testing sectoral peculiarities using micro date. Empirical Economics, 41 (3), 2011. p. 817-839.
Piva M. and Vivarelli M. Technological change and employment: is Europe ready for the challenge. Eurasian bus. rev., 8(1), 2018. p. 13-32. doi: 10.1007/s40821-017-0100-x.
Serra C. E. M. and Kunc M. Benefits realization management and its influence on project success and on the execution of business strategies. International Journal of Project Management, 33(1), 2014. p. 53-66.
Sredojecic D., Cvetanovic S. and Boskovic G., Technological changes in economic growth theory: neoclassical, endogenous, and evolutionary-institutional approach. Economic Themes, 54(2), 2016. p. 177-194.
Shenhar A. J., Dvir D., Levy O. and Malth A. C. Project success: a multidimensional strategic concept. Long range planning, 34 (6), 2001. p. 699-725.
Weiss J. and Potts D. Current Issues in Project Analysis for Development. Edward Elgar Publishing, 2012. 290 p.
Yemelyanov O., Symak A., Petrushka T., Lesyk R. and Lesyk L. Assessment of the technological changes impact on the sustainability of state security system of Ukraine. Sustainability, 10(4), 2018. p. 1186. doi: 10.3390/su10041186.
