Revitalization programme and spatial and strategic management, Revitalization programme is the set of integrated activities in favour of a local community, space and economy, which are territorially concentrated and performed by revitalization stakeholdres. These activities should be based on revitalizing strategic and spatial management strongly oriented to improvement of life and living conditions of a local community. The aim of the article is to explain the essence of revitalization programme as a scenario of spatial and strategic activities of the borough authorities. The authors proves that spatial management and strategic management are the tools that enable them to conduct the revitalization process. In the study there is a passage devoted to theoretical and operational meaning of the subject issue. Also the example collected from The Local Revitalization Programme of Krobia Borough, which was elaborated in 2017, has been presented.

The concept of endogenous development assumes the use of specifi c resources of the region, difficult to copy, to its development, and even to gain a competitive advantage in a wider dimension. This concept has been used in the provisions of the Regional Innovation Strategy of the Podkarpackie Voivodeship for 2014-2020 for smart specialization (RIS3), especially in relation to leading smart specialization the quality of life, in the areas of: production and processing of ecological, regional and traditional food; renewable energy and distributed energy; agrotourism and ecotourism. It was targeted at the development of the entire region, not only the leading urban centers. The special role of the food economy lies in the need to guarantee food security and food sovereignty in the region. This issue is of strategic importance.

Despite significant changes of a political, legal and economic nature, despite clearly expressed intentions, the natural environment of most areas of Europe is further degraded. Therefore, it is necessary to adopt effective solutions, and one of the possibilities of determining the directions of support is the pro-ecological nature of the regional innovation strategy, which will allow transfer of much larger funds to support eco-innovation. The work is a case study. The aim of the research presented in this work is to show the relationship between the provisions of the Regional Innovation Strategy of the Podkarpackie Voivodeship for 2014-2020 for intelligent specialization (RIS3), and the assumptions of the five-helix concept, and the justifi cation for its use in future, in the form of a developed regional eco-innovation strategy.

The economic downturn in Europe and in the world, has affected the traditional branches of industry in a particular way. Development plans of domestic coke plants in terms of main production assets for the next years have been presented. Taking into account the current market situation, the coke plants strategy should aim at risk minimization through application of already known technologies. On the other hand, investments in scope of new and innovative technologies which are connected with a high level of variability, should be seen as an opportunity. Thus, evaluation of investment projects should be done in a different way than so far. The traditional discount analysis, because of its static nature, does not take into account variability and options included in projects with many decision moments - it can prove to be not sufficient. A tool which helps the decision makers in such situations, is the real options analysis. The article presents the findings of the research-development project on coal blend pre-drying implementation, realized by Zdzieszowice Coke Plant and ICHPW in Zabrze. The results achieved so far, as well as the concerns resulting from the project, have been discussed in this article. Further project development plans, aiming at the construction of a semi industrial research installation for analysing the impact of pre-drying on the coke making process have been presented. The article describes premises for the application of real options analysis as a tool to evaluate projects, the results of which are uncertain. The origin and structure of real options as well as the conditions of their application compared to traditional, discount based project evaluation methods, have been presented. The origin and characteristic parameters of real options have been discussed. In the next part, by applying the NPV and real options method, the research-development undertaking of coal blend pre-drying implementation on two coke batteries, has been evaluated. In order to assess the real option's value of the project, which is a classic European call option, the Black-Scholes formula has been used. The achieved results have been compared as well as the flexibility rate of the analyzed research-development project has been defined.