Three-Dimensional Method of Assessing R&D Projects Using Real Put Options to Abandon a Projects

Despite a good number of scientific developments in innovation, most studies suggest that the most effective innovation project should be only selected for a group of economic indicators related to investment. In practice, it is necessary to create a method for assessing the effectiveness of innovative projects based on the use of economic, innovative, socio-economic, environmental-economic and other indicators. For that end, this article proposes a set of tools for the formation of a set of multi-dimensional integral indicators to bring them to a comparable form, develops a graphical method of forming a group of effective innovative projects based on the Pareto principle, develops a three-dimensional method for assessing the effectiveness of projects based on the principle of "prospects/costs/innovation" complementing the Pareto principle with the risk assessment of innovative projects, which can be carried out using a real put option to abandon a project in the future