Travel Time Estimation as a Global Trend in the Analysis of Innovative Transportation Projects

Research background: The problem of evaluating the results of innovative transport technologies is extremely important for their implementation and realization. The assessment of possible benefits of innovative transport projects is complicated by a number of circumstances. These include a wide range of arising effects in various forms and the long life cycle of the project, which increases the difficulty of reliably measuring the various costs and results. Thus, it can be argued that outdated approaches and methods for assessing the new transport products hinder the development of innovations. Purpose of the article: to identify directions for assessing the travel time value in the analysis of the transportation projects economic efficiency. Methods: The study was conducted by means of scientific methods such as the comparative analysis, system method, generalization and abstraction. Also, we use the results of expert assessments based on depth-in interviews. Findings & Value added: The article substantiates the necessity of taking into account the incremental benefits for passengers from travel time reduction as the most important aspect of transport projects implementation, ensuring the formation of the whole range of external social and economic effects; The multi-factor dependence of the travel time value for a passenger, which is characterised by its heterogeneity during a journey, has been substantiated. The necessity of assessing changes of travel time values in the general transport costs of passengers has been substantiated, taking into account the several factors that lead to different time values. A visual model of the socio-economic effects formation of the HSR project, caused by changes in the passengers’ total transport costs and increased transport accessibility of the region, is proposed

The ways of business digitalization in global corporations

Research background: Under the conditions of post-industrial economy, market subjects tend to use digital technologies more intensively. Many authors define digital technologies as innovation, describe possibilities of automatization and try to find out some limitations of smart technologies implementation. In this research, we consider that Industry 4.0 and digital technologies can transform traditional business model radically. That is why, it is very important to highlight the ways of digitalization in business and to justify the choice of the most effective smart technologies during the period of business transformation. Purpose of the article: to highlight the local ways of digitalization in global corporations and to discover the most effective ones among them. Methods: in this research, we run comparative analysis of new business models using recent articles in scientific journals and empirical evidence from open sources. Also, we use the results of expert assessments based on depth-in interviews. Findings & Value added: the most perspective ways of digitalization in global corporations are highlighted: digital automatization implementation, during which the existent process in traditional business model is digitized; new IT service appearance, that improves the traditional business model; digital transformation of traditional business model into the new one with a digital platform core. A visual model of monitoring the digitalization process within the company is proposed. It is proved that smart technologies can transform business model radically. These technologies affect the structure of companies’ supply and can change market structure (including global market) through active company strategy and behavior