Factorization of R-matrix and Baxter's Q-operator

The general rational solution of the Yang-Baxter equation with the symmetry algebra sl(2) can be represented as the product of the simpler building blocks denoted as R-operators. The R-operators are constructed explicitly and have simple structure. Using the R-operators we construct the two-parametric Baxter's Q-operator for the generic inhomogeneous periodic XXX spin chain. In the case of homogeneous XXX spin chain it is possible to reduce the general Q-operator to the much simpler one-parametric operator.