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

Faculty of Management, Institute for Mathematics, Mechanics and Computer Science, Southern Federal University, Rostov-on-Don 344000, Russia
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Sustainability 2019, 11(20), 5588; https://doi.org/10.3390/su11205588
Received: 28 July 2019 / Revised: 29 September 2019 / Accepted: 8 October 2019 / Published: 11 October 2019
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. View Full-Text
Keywords: multi-criteria modeling; hierarchy analysis method; public–private partnership; PPP projects risk factors; innovative economy’ sustainable development management multi-criteria modeling; hierarchy analysis method; public–private partnership; PPP projects risk factors; innovative economy’ sustainable development management
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Anopchenko, T.; Gorbaneva, O.; Lazareva, E.; Murzin, A.; Ougolnitsky, G. Modeling Public—Private Partnerships in Innovative Economy: A Regional Aspect. Sustainability 2019, 11, 5588.

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