Emerging Tech

Innovation Project Participants Interaction Optimization Models

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Executive Summary

Based on the game theory principles and approaches, this paper suggests mathematical and computer simulation models of innovation process participants interaction to effectively stimulate creativeinnovative activity of innovation project implementers. The optimal solutions of the problem of innovation project profit sharing are determined for the situations of uncertainty of participants' intentions, negotiation process, and hierarchically organized principal-agent interrelations of the participants. The suggested models help to find rational, sustainable and compromised solutions of the problem of innovation incentives.

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