Modeling Public—Private Partnerships in Innovative Economy: A Regional Aspect

Tatiana Anopchenko, Olga Gorbaneva, Elena Lazareva, Anton Murzin and Gennady Ougolnitsky
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Tatiana Anopchenko: Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia
Olga Gorbaneva: Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia
Elena Lazareva: Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia
Anton Murzin: Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia
Gennady Ougolnitsky: Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia

Sustainability, 2019, vol. 11, issue 20, 1-18

Abstract: International experience demonstrates both the effectiveness and difficulties of using the mechanism of a public–private partnership (PPP) in solving socially significant problems of investment development of an innovative economy. The lack of tools to make an informed choice of the best PPP model in terms of the risks diversification is one of the significant problems of the predictive and analytical support of the relationship between business and government structures. The purpose of the study is to create and empirically test a multi-criteria modeling toolkit for the choice of the public–private partnership mechanism in relation to managing territorial sustainable development projects. Such problems as a structural representation of PPP risk factors and development of principles for their diversification, development of the algorithm and criteria for multi-criteria evaluation, testing of a multi-criteria model needed to be solved to achieve the research goal. The innovativeness of the author’s approach consists in substantiating the algorithm of the multi-criteria modeling for the choice of the public–private partnership mechanism in relation to managing sustainable development projects of the territory. Criteria for alternative PPP models evaluating have been developed. Based on the results of testing, the advantages and disadvantages of applying the algorithm of the multi-criteria modeling in sustainable development management are identified, the directions for the model using in regional management are disclosed.

Keywords: multi-criteria modeling; hierarchy analysis method; public–private partnership; PPP projects risk factors; innovative economy’ sustainable development management (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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