Models for Managing Innovative Development of the Regional Economy

The gradual change in innovation processes poses the problem in the process of managing the regional economy. Obsolescence of tools when new challenges arise increases the level of riskiness and uncertainty of the innovative development of the regional economy. The issue forms the relevance of the research topic. The research topic is related to the use of effective models for managing the innovative development of the regional economy. The purpose of the research is to consider the models for managing the innovative development of the regional economy. The objectives of the study are to consideration of the process of managing innovative development, to highlighting approaches to managing the innovative development of the regional economy, to the formation of models for managing the innovative development of the regional economy, to the presentation of a competent model for managing the innovative development of the regional economy. Research methods include the theoretical setting method, the formulation method, the simulation framework method, the data grouping method.