Working of innovation strategies and projects development of carriers 'organizations

  • Victor BILICHENKO Doctor of Technical Science, Professor of Automobiles and Transport Management Department, Vinnytsya National Technical University
  • Svitlana ROMANYUK PhD in Engeneering, Associate Professor of Automobiles and Transport Management Department, Vinnytsya National Technical University
  • Sergiy TSYMBAL PhD in Engeneering, Associate Professor of Automobiles and Transport Management Department, Vinnytsya National Technical University
  • Sergiy BABIY PhD in Engeneering, Associate Professor of Electromechanical Systems of Automation in Industry and Transport Department, Vinnytsya National Technical University

Abstract

The work describes the peculiarity of the work of trucking organizations and substantiates the need for their development with the active use of innovations. The need for continuous and purposeful innovative development of trucking organizations determines their successful presence on the market, efficient operation and profit. The struggle for transportation markets, high consumer demands for road transport services, the status of other transport companies that offer similar services, the need to update and modernize rolling stock, production and technical base require from the organizations of road carriers constant development and improvement. Based on world experience, it can be argued that enterprises can actively develop, with the rational use of all types of resources and basing their activities on innovation.

To effectively implement innovation, as well as reduce the risks associated with it, it is proposed to use the tools and methodology of development strategies and projects for their implementation. Current strategies of innovative development for a specific organization of the trucking company are developed. The practical implementation of innovative projects and strategies is proposed to be carried out using dynamic modeling, which will allow to determine the optimal strategy for the long-term development of the enterprise by the criterion of maximum expected income.

With the help of the software, the main indicators of the effectiveness of each strategy were established. A project for its implementation has been developed for each strategy.

To describe and analyze innovative projects at the pre-investment stage, specialized software for financial analysis of projects is used, which allows to perform assessments of the main indicators of the project as a whole and to justify the effectiveness of investments.

To select the optimal project, the method of dynamic programming is used, which allows to determine the optimal strategy of enterprise development for the long term (in our task for 5 years) by the criterion of maximum expected income. The methodological basis of the model is the theory of stochastic decision-making processes and dynamic programming.

Key words: innovative development, organization of trucker, strategy, project, dynamic programming.

Published
2020-08-31
How to Cite
BILICHENKO, V., ROMANYUK, S., TSYMBAL, S., & BABIY, S. (2020). Working of innovation strategies and projects development of carriers ’organizations. ADVANCES IN MECHANICAL ENGINEERING AND TRANSPORT, 1(14), 35-42. https://doi.org/10.36910/automash.v1i14.344