A MODEL FOR CO-FINANCING THE INFRASTRUCTURE DEVELOPMENT IN RUSSIA’S ARCTIC ZONES

Aim  is to develop an economic and mathematical model to determine the contribution of coinvestors in infrastructure projects for the development of Russia’s Arctic regions.

Methodology. The development of an optimality criterion and a system of constraints to ensure an adequate mapping of the optimal set of compensation projects to meet the interests of the population. The constraints of the model consider the time factor, the capabilities of each potential investor, the sought-after contribution to the infrastructure projects under consideration, etc.

Results. The simultaneous consideration of the financing possibilities of potential investors, the required costs for the implementation of infrastructure projects, the time factor, as well as the order of implementation of projects. For each of the investors estimated profit from participation in the project, which is used in the construction of the vector criterion of optimality.

Research implications are in bringing the developed multi-criteria model to the standard linear programming model due to the transparency of procedures for performing expert procedures and processing the resulting evaluations, as well as the simplicity of the economic-mathematical model. The model is flexible enough to allow for any planning horizon, independent of the number of investors and number of projects. This flexibility makes it possible to develop infrastructure projects in any Arctic region of Russia. 

1. Novoselov A. L., Novoselova I. Yu. [Management of territorial development projects]. In: Problemy regional'noj ekologii [Problems of Regional Ecology], 2020, no. 5, p. 134–138.

2. Novoselov A. L., Novoselova I. Yu., Zheltenkov A. V. [Mechanism of Risk Assessment in the Implementation of Arctic Region Development Projects]. In: Mekhanizm ocenki riskov pri realizacii proektov razvitiya arkticheskogo regiona [Bulletin of Moscow State Regional University. Series: Economics], 2021, no. 2, p. 56–66.

3. Novoselova I. Yu. [Model of Infrastructure Development of Residential Areas] In: Vestnik Altajskoj akademii ekonomiki i prava [Bulletin of the Altai Academy of Economics and Law], 2022, no 1, p.84–89.

4. Davaakhuu N., Potravny I. M., Miloskavsky V. G., Utkin I. I. Rationale and mechanism for the implementation of the project of coal gasification. In: The Russian Arctic, UGOL – Russian Coal Journal, 2019. №9. P. 88–93.

5. Ivanov O. B., Buchwald E. M. National projects of Russia: regional dimension. In: Stage: economic analysis, theory, practice. 2019, pp. 37–53.

6. Larichev O. Multicriteria Problems with Objective Models, Multiobjective Problems of Mathematical Programming. // In: Berlin: Springer-Verlag, 1991. Vol. 351 of Lecture Notes in Economics and Mathematical Systems, pp. 15–20.

7. Volkov A V., Galyamov A. L., Sidorov A. A. Problems of the Arctic mineral resources development (in terms of Chukotka and Alaska). In: Arctic: ecology and economy, 2018, no. 4 (32), P. 4–14.