Open AccessMULTICRITERIA EVALUATION OF THE INNOVATIVE PROJECT EFFECTIVENESS / INOVATYVIŲ PROJEKTŲ VERTINIMO PROBLEMA
Author(s) -
Artūras Stepanovas,
Karolina Ostašenkovaitė
Publication year - 2013
Publication title -
mokslas - lietuvos ateitis
Language(s) - English
Resource type - Journals
eISSN - 2029-2341
pISSN - 2029-2252
DOI - 10.3846/mla.2013.02
Subject(s) - lithuanian , european union , political science , humanities , management , business , operations management , engineering , economics , economic policy , art , philosophy , linguistics
For a long time in most developed Western countries, innovation has been the key driver of economic growth, enabling a high level of added value and ensuring economic development. According to 2011 Innovation Union Scoreboard indicators for assessment, Lithuania still lags far behind the European Union countries in innovation. In order to improve this indicator, it is important to encourage the development of innovative projects in the country. For this purpose, it is important to properly prepare innovative projects in multi-criteria evaluation model in case this reasonable use might reduce the risk of projects and help to find the least risky and most beneficial innovative projects.Article in Lithuania