IDEAS home Printed from
   My bibliography  Save this article

Fuzzy Approach to Estimates Entropy and Risks for Innovative Projects and Programs


  • Vladimir Chernov
  • Luidmyla Dorokhova
  • Oleksandr Dorokhov


The article deals with the development and implementation of innovative development programs as an ordered sequence of decisionmaking. Innovations are considered as a specific form of chaos or disorder in the transition to a new level of development. As known, innovative projects have a high level of internal and external uncertainties.

Suggested Citation

  • Vladimir Chernov & Luidmyla Dorokhova & Oleksandr Dorokhov, 2016. "Fuzzy Approach to Estimates Entropy and Risks for Innovative Projects and Programs," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 12(3), pages 55-68.
  • Handle: RePEc:mje:mjejnl:v:12:y:2016:i:3:p:55-68

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Luoh, Leh & Wang, Wen-June, 2001. "A simple method for computing the entropy of the product of general fuzzy intervals," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 58(1), pages 37-49.
    2. Radosevic, Slavo, 2002. "Regional Innovation Systems in Central and Eastern Europe: Determinants, Organizers and Alignments," The Journal of Technology Transfer, Springer, vol. 27(1), pages 87-96, January.
    3. Vladimir Chernov & Oleksandr Dorokhov & Ludmila Dorokhova, 2010. "Uncertainly As The Factor Of Investment'S Decisions Making Processes And Usage Of Fuzzy Sets Theory For It'S Modelling," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 6(11), pages 17-26.
    4. Roman Martin & Jerker Moodysson & Elena Zukauskaite, 2011. "Regional Innovation Policy Beyond ‘Best Practice’: Lessons from Sweden," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 2(4), pages 550-568, December.
    5. Wamser, Georg & Nam, Chang Woon & Schoenberg, Alina, 2013. "The Lisbon Agenda and Innovation-oriented Cohesion Policy: A New Challenge for Economic Integration among the EU Regions," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 28, pages 37-58.
    6. Rus Mircea-Iosif, 2012. "The Impact of Innovation Activity on the Romanian Economy. Comparative Analysis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1353-1356, Decembre.
    7. Janssen, M. & Stoopendaal, A.M.V. & Putters, K., 2015. "Situated novelty: Introducing a process perspective on the study of innovation," Research Policy, Elsevier, vol. 44(10), pages 1974-1984.
    8. Silvia Trifonova, 2012. "Seventh Framework Program of EU and Its Role for the Innovation Development," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 108-132.
    9. Llewellyn Tang & Andrew Leung, 2009. "An entropy-based financial decision support system (e-FDSS) for project analysis in construction SMEs," Construction Management and Economics, Taylor & Francis Journals, vol. 27(5), pages 499-513.
    10. Mokiy, A. I. & Mokiy, O. А. & Bachurin, D. A., 2012. "Шляхи вдосконалення інституціональної інфраструктури інноваційного розвитку на регіональному рівні // The ways to improve institutional innovation infrastructure development at a regional level," European Journal of Management Issues, Днипровский национальный университет имени Олеся Гончара, issue 1, pages 48-58.
    11. Mehdi Fasanghari & Mohsen Sadegh Amalnick & S. Kamal Chaharsooghi & Franz I. S. Ko, 2011. "The Fuzzy Evaluation Of The Ict Projects In Strategic Environment (Case Study: Iran Telecommunication Research Center)," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 10(05), pages 873-890.
    12. Vladimir Chernov & Oleksandr Dorokhov & Liudmyla Dorokhova & Vladimir Chubuk, 2015. "Using fuzzy logic for solution of economic tasks - two examples of decision making under uncertainty," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 11(1), pages 85-100.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Björn T. Asheim & Markus Grillitsch & Michaela Trippl, 2016. "Regional innovation systems: past – present – future," Chapters, in: Richard Shearmu & Christophe Carrincazeaux & David Doloreux (ed.), Handbook on the Geographies of Innovation, chapter 2, pages 45-62, Edward Elgar Publishing.
    2. Valeria Costantini & Francesco Crespi, 2015. "European enlargement policy, technological capabilities and sectoral export dynamics," The Journal of Technology Transfer, Springer, vol. 40(1), pages 25-69, February.
    3. Moodysson , Jerker & Trippl, Michaela & Zukauskaite, Elena, 2015. "Policy Learning and Smart Specialization Balancing Policy Change and Policy Stability for New Regional Industrial Path Development," Papers in Innovation Studies 2015/39, Lund University, CIRCLE - Centre for Innovation Research.
    4. Panagiotis Christias & Ioannis N. Daliakopoulos & Thrassyvoulos Manios & Mariana Mocanu, 2020. "Comparison of Three Computational Approaches for Tree Crop Irrigation Decision Support," Mathematics, MDPI, vol. 8(5), pages 1-26, May.
    5. Varga, Attila & Sebestyén, Tamás, 2015. "Innováció Kelet-Közép-Európában. Az EU keretprogramjaiban való részvétel szerepe az innovációs teljesítményben [Innovation in Central East Europe. The role played in innovation performance by parti," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 881-908.
    6. Slavo Radosevic, 2003. "The emerging industrial architecture of the wider Europe: The co-evolution of industrial and political structures," UCL SSEES Economics and Business working paper series 29, UCL School of Slavonic and East European Studies (SSEES).
    7. Jan-Erik Vahlne & Jan Johanson, 2017. "From internationalization to evolution: The Uppsala model at 40 years," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(9), pages 1087-1102, December.
    8. Ernest Miguelez & Andrea Morrison, 2023. "Migrant inventors as agents of technological change," The Journal of Technology Transfer, Springer, vol. 48(2), pages 669-692, April.
    9. Prause Gunnar, 2014. "Smart Specialization and EU Eastern Innovation Cooperation: A Conceptual Approach," TalTech Journal of European Studies, Sciendo, vol. 4(1), pages 1-17, June.
    10. Lengyel, Balázs & Leydesdorff, Loet, 2015. "The Effects of FDI on Innovation Systems in Hungarian Regions: Where is the Synergy Generated?," MPRA Paper 73945, University Library of Munich, Germany.
    11. Jan Stejskal & Petr Hajek, 2019. "Modelling collaboration and innovation in creative industries using fuzzy set qualitative comparative analysis," The Journal of Technology Transfer, Springer, vol. 44(3), pages 981-1006, June.
    12. repec:ces:ifofor:v:19:y:2018:i:1:p:32-36 is not listed on IDEAS
    13. Andrea Szalavetz, 2001. "Western policy lessons in the second phase of regional transformation," IWE Working Papers 119, Institute for World Economics - Centre for Economic and Regional Studies.
    14. Marija Mosurović Ružičić & Mirjana Miletić & Marina Dobrota, 2021. "Does a National Innovation System Encourage Sustainability? Lessons from the Construction Industry in Serbia," Sustainability, MDPI, vol. 13(7), pages 1-19, March.
    15. Martin, Hanna & Martin, Roman, 2016. "Policy capacities for new regional industrial path development – The case of new media and biogas in southern Sweden," Papers in Innovation Studies 2016/25, Lund University, CIRCLE - Centre for Innovation Research.
    16. Susana Borrás & Jacint Jordana, 2016. "When regional innovation policies meet policy rationales and evidence: a plea for policy analysis," European Planning Studies, Taylor & Francis Journals, vol. 24(12), pages 2133-2153, December.
    17. Hanna Martin & Roman Martin, 2017. "Policy capacities for new regional industrial path development – The case of new media and biogas in southern Sweden," Environment and Planning C, , vol. 35(3), pages 518-536, May.
    18. Florian Bartholomae & Chang Woon Nam & Alina Schoenberg, 2017. "Urban shrinkage and resurgence in Germany," Urban Studies, Urban Studies Journal Limited, vol. 54(12), pages 2701-2718, September.
    19. Balázs Lengyel & Tamás Sebestyén & Loet Leydesdorff, 2015. "Challenges for regional innovation policies in Central and Eastern Europe: Spatial concentration and foreign control of US patenting," Science and Public Policy, Oxford University Press, vol. 42(1), pages 1-14.
    20. Mariia Shkolnykova & Lasse Steffens & Jan Wedemeier, 2024. "Systems of innovation: Path of economic transition and differences in institutions in central and Eastern Europe?," Growth and Change, Wiley Blackwell, vol. 55(1), March.
    21. Chang Woon Nam, 2017. "R&D and Innovation Promotion in the Context of EU Cohesion Policy: The Case of the Spanish Regions," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(03), pages 25-26, November.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:12:y:2016:i:3:p:55-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nikola Draskovic Jelcic (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.