Modelling techniques for rational management decisions considering innovative risk

The article is devoted to the problems of development of theoretical and practical recommendations for the improvement of rational decision modeling process considering innovation risks. Based on the review of domestic and foreign techniques to management decision based on consideration of the risk factor, the basic theoretical flaws and practical difficulties faced by Ukrainian enterprises were systematized. In the article the methodical approach was accepted to making rational management decisions based on consideration of options - the current assessment of innovative risk, its future level and managers’ propensity for risk.