Simulation case study of digitalization efficiency evaluation for sustainable regional economy

Abstract

The paper is dedicated to digitalization efficiency evaluation methods in view of regional economy. Existing methods are briefly summarized. A modified digital efficiency evaluation method adopted to aquaculture as one of the key fields in regional economy of the Republic of Karelia as well as Finland, is extensively studied by means of simulation based on the statistics of the sector, and optimal parameters of budget devoted to digitalization for various size enterprises are obtained by means of numerical study.