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Fuzzy Approach to Estimates Entropy and Risks for Innovative Projects and Programs

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  • Vladimir Chernov
  • Luidmyla Dorokhova
  • Oleksandr Dorokhov

Abstract

The article deals with the development and implementation of innovative development programs as an ordered sequence of decisionmaking. Innovations are considered as a specific form of chaos or disorder in the transition to a new level of development. As known, innovative projects have a high level of internal and external uncertainties.

Suggested Citation

  • Vladimir Chernov & Luidmyla Dorokhova & Oleksandr Dorokhov, 2016. "Fuzzy Approach to Estimates Entropy and Risks for Innovative Projects and Programs," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 12(3), pages 55-68.
    • Handle: RePEc:mje:mjejnl:v:12:y:2016:i:3:p:55-68
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    References listed on IDEAS

    as
    1. Luoh, Leh & Wang, Wen-June, 2001. "A simple method for computing the entropy of the product of general fuzzy intervals," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 58(1), pages 37-49.
    2. Radosevic, Slavo, 2002. "Regional Innovation Systems in Central and Eastern Europe: Determinants, Organizers and Alignments," The Journal of Technology Transfer, Springer, vol. 27(1), pages 87-96, January.
    3. Vladimir Chernov & Oleksandr Dorokhov & Ludmila Dorokhova, 2010. "Uncertainly As The Factor Of Investment'S Decisions Making Processes And Usage Of Fuzzy Sets Theory For It'S Modelling," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 6(11), pages 17-26.
    4. Roman Martin & Jerker Moodysson & Elena Zukauskaite, 2011. "Regional Innovation Policy Beyond ‘Best Practice’: Lessons from Sweden," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 2(4), pages 550-568, December.
    5. Wamser, Georg & Nam, Chang Woon & Schoenberg, Alina, 2013. "The Lisbon Agenda and Innovation-oriented Cohesion Policy: A New Challenge for Economic Integration among the EU Regions," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 28, pages 37-58.
    6. Rus Mircea-Iosif, 2012. "The Impact of Innovation Activity on the Romanian Economy. Comparative Analysis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1353-1356, Decembre.
    7. Janssen, M. & Stoopendaal, A.M.V. & Putters, K., 2015. "Situated novelty: Introducing a process perspective on the study of innovation," Research Policy, Elsevier, vol. 44(10), pages 1974-1984.
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    10. Mokiy, A. I. & Mokiy, O. А. & Bachurin, D. A., 2012. "Шляхи вдосконалення інституціональної інфраструктури інноваційного розвитку на регіональному рівні // The ways to improve institutional innovation infrastructure development at a regional level," European Journal of Management Issues, Днипровский национальный университет имени Олеся Гончара, issue 1, pages 48-58.
    11. Mehdi Fasanghari & Mohsen Sadegh Amalnick & S. Kamal Chaharsooghi & Franz I. S. Ko, 2011. "The Fuzzy Evaluation Of The Ict Projects In Strategic Environment (Case Study: Iran Telecommunication Research Center)," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 10(05), pages 873-890.
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