The need for the development of small enterprises in Russia, set against the background of stagnation in this segment of the economy in recent years, makes studying the problem of the investment attractiveness of this market segment relevant when it comes to finding opportunities and prospects for the development of this sector. Given this fact, the purpose of this study is the construction of a model for investment decision making based on a small industrial enterprise. The study uses methods and models of financing, the evaluation of investment attractiveness as well as modelling. We propose and develop a conceptual model for investment decision making, taking into account the choice of the financing option, the method for assessing the effectiveness of investments and the decision support system in the context of the specifics of a small industrial enterprise. This is the novelty of our study. The research is given in the context of analysing linguistic variables of risk assessment and fuzzy parameters of the main indicators of the project, and is supplemented by some elements of scenario analysis.
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Elena Vetrova is a Doctor of Economics and Professor at the Department of Economics and Management of Enterprises and Producing Complexes, St. Petersburg State Economic University, Russian Federation.
She obtained her Engineer’s degree from the St. Petersburg State Maritime Technical University in Severodvinsk, her degree in economic sciences at the St. Petersburg State Economic University in logistics, and has completed a doctorate in economics in industry. She has more than 20 years of professional
experience as a speaker at forums and conferences on economic development. She is an expert in the field of strategic management and industry of JSC Gazprom, the Russian Academy of Sciences.
Sofiya Doroshenko earned her Master’s degree from the Department of Economics and Management of Enterprises and Producing Complexes, St. Petersburg State Economic University, Russian Federation. Her
nascent scientific career includes research in the field of investment and strategic management in industry.
Nikita Tihomirov, PhD, associate professor, Department of Economics and Management of Enterprises and Producing Complexes, St. Petersburg State Economic University, Russian Federation. He has authored more
than 30 scientific works in the field of innovative management.
Galyia Hakimova, PhD, associate professor, Department of Economics and Management of Enterprises and Producing Complexes, St. Petersburg State Economic University, Russian Federation. She has authored
more than 30 scientific works in the field of investment, risk and strategic management in industry.
Lasha Kakava, PhD, associate professor, Department of Economics and Management of Enterprises and Producing Complexes, St. Petersburg State Economic University, Russian Federation. He has authored more than 30 scientific works in the field of strategic management in industry.