Modeling the effect of using the innovative materials on the construction organizations economic performance

Abstract

The article describes a methodical approach to the development of modeling tools to improve the factor analysis quality and assess the innovations using effect on the economic performance of the building contractors. To solve this problem, the innovation process management methodological principles determining the requirements for modeling and the factor models development for the purpose of analyzing and evaluating the impact of innovations, including innovative materials, on the efficiency of construction organizations, were substantiated. The key criterial parameters of the comparative evaluation were identified and structured during the study, characterizing the innovation impact, including the innovative building materials, on the construction organizations performance. This allowed to form an information and analytical database for the factor models development, which allow the system to identify the studied factors influence on the construction organizations final results. At the factor models development, the type of multiplicative models was used. In the developing analytical factor models process, a method for constructing deterministic factor models was implemented using the extension method and following the requirements for developing such models. Taking into account the compliance with these requirements, a complex of multiplicative factor models, in which the profit from the sale of innovative construction products is a productive indicator, has been developed. The developed factor models improve the quality of analysis and innovation causal relationship evaluation with the construction organizations efficiency, realizing the external and internal factors influence complex interrelation potential on the change in profits from the sale of innovative products.

Evaluation of the Effective Material Use from the View of EU Environmental Policy Goals

“…During the economic evaluation of materials use it is necessary to also consider technical criteria and material properties [25]. Factor analysis quality and assessments of the innovations using can be used during the economic evaluation of materials from the view of innovative materials [26].…”

The practical barriers to kickstarting the innovation and investment in the sphere of construction in Russian Federation

“…This makes the construction sphere a number one domestic consumer of the Russian raw materials. The competitiveness/monopolization index of the Russian construction market is worse than that of the comparable EU markets [2], which in turn affects the cost of construction (10.3 euro for 1 sqm) [3]. We examine the cost of land and its infrastructure and innovation in determining the cost of construction [4].…”

Modeling the innovative development of the economy based on the investment demand prognosis

“…The investment and construction complex as an integral economic system exists only at the regional level, and this position is justified in a number of serious scientific studies [4,5]. The national (federal) market of construction products, as well as the market of products of the construction materials and construction industry, can be represented as a set of local, regional markets.…”