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Mathematic Instruments for Determination of the Innovative Constituent of Farming Enterprises Development

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  • Lyudmyla Hnatyshyn

    (Lviv National Enviromental University, Ukraine)

  • Lesia Sheludko

    (State Biotechnology University, Ukraine)

  • Oksana Prokopyshyn

    (Lviv National Environmental University, Ukraine)

  • Lyudmila Makeyeva

    (State Biotechnology University, Ukraine)

Abstract

To secure a continuous activity in the conditions of sustainability of farming enterprises it is necessary to introduce innovations from internal financial source, i.e. profit. The innovative constituent of farming enterprises development is based on determination of the relationship between the elements of the resource component of production potential and profit. Localization and branch-organizational structure of farming enterprises continuously influence combination of the elements of the resource component of production potential, which determines the size of profit. Family farming enterprises need attraction of external sources for innovation financing. Farming enterprises with above 20 ha of arable land generate rather large profit in the process of reproduction. The profit can be reinvested in the innovative development in the next cycle.

Suggested Citation

  • Lyudmyla Hnatyshyn & Lesia Sheludko & Oksana Prokopyshyn & Lyudmila Makeyeva, 2022. "Mathematic Instruments for Determination of the Innovative Constituent of Farming Enterprises Development," International Journal of Information Technology Project Management (IJITPM), IGI Global, vol. 13(2), pages 1-12, April.
    • Handle: RePEc:igg:jitpm0:v:13:y:2022:i:2:p:1-12
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    File URL: http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJITPM.311846
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