Template-type: ReDIF-Article 1.0 Author-Name: Kalynychenko Maksim Author-Workplace-Name: Northern (Arctic) Federal University named after M.V. Lomonosov (Arkhangelsk, Russia) Title: Modeling the «Digital» Factor in the Russian Industry Title: Моделирование «цифрового» фактора в промышленности России Abstract: The article reveals the actual theoretical and practical aspects of economic and mathematical modeling of production factors in the context of the development of the digital economy in Russia and the «smart» industry. Based on the modified production function, the substantiation of qualitative changes in the factors of production for the national economy of Russia and the manufacturing industry was carried out, taking into account the «digital» factor. The developed models made it possible to give a numerical assessment of the «digital» factor in the creation of added value and its impact on production results. So, in the manufacturing industry, an increase in the costs of organizations for the «digital» factor by 1 billion rubles. is able to provide labor replacement by 0,34 billion rubles and investments in fixed assets – by 2,2 billion rubles. Keywords: industry, «digital» factor, digital economy, added value, economic and mathematical modeling, factors of production Classification-JEL: C51, O14, O33, P42 Journal: Russian Economic Developments Year: 2021 Issue: 6 Month: June Pages: 39-45 File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2166.pdf File-Format: Application/pdf Handle: RePEc:gai:recdev:r2166