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1
Popova, Olga. "DEVELOPING THE METHODS FOR EVALUATION OF ECONOMIC EFFICIENCY OF ECOLOGICAL INVESTMENTS." Economical 2, no. 2(21) (2019): 151–58. http://dx.doi.org/10.31474/1680-0044-2019-2(21)-151-158.
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The article describes the modern world experience in the formation and development of the system of economic evaluation of environmental investments. Approaches to the formation of the discount rate using dynamic methods of evaluating the effectiveness of investments are analyzed. An analysis of world experience in the economic evaluation of environmental investments. It is established that the methods of economic evaluation of environmental investments require adjustment of the main investment parameters - the amount of investment payments, the duration of the planned horizon, the discount rate - taking into account the specifics of such investments. The article identifies a high level of environmental risk and higher amounts of invested capital as specific features of environmental investments. This primarily applies to the methodology of economic evaluation of environmental investments, which are characterized by an increased level of risk, higher cost of capital involved in contrast to traditional investments. It is proposed to consider the conditions for the formation of critical points in the interest rate on the example of an investment designed for five years. The choice of such a planned project implementation horizon is due to the fact that with an odd number of years there is always at least one critical point and under certain conditions, which will be discussed below, there is a possibility of new critical points that expand investment efficiency. It is shown that if the project is designed for an even number of years, the existence of one such point is not always possible. The study confirms that with a certain change in investment parameters there is an expansion or contraction of the safety zone when changing one or more parameters of environmental investment. implementation will be economically feasible for all participants in the investment process.
2
Sajter, Domagoj. "Methods of evaluating long-term financial effects of energy efficiency projects." Business and Economic Horizons 13, no. 3 (2016): 295–311. https://doi.org/10.15208/beh.2017.22.
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Financial analysis of investments aimed at energy efficiency improvement differs from the standard investment analysis. The purpose of this article is to provide an overview of methodological approaches to evaluation of energy efficiency projects’ financial effects. Its contribution lies in providing conceptual framework for the analysis of energy efficiency methodology, as well as in comprehensive literature review. The findings show that the methods used for evaluation of financial effects of energy efficiency projects are determined by the three main categories: scope, timing, and approach.
3
Ginevičius, Romualdas, and Viktoras Zubrecovas. "Methodologies of Real Estate Investment Projects' Efficiency Evaluation." Business: Theory and Practice 10, no. (3) (2009): 181–90. https://doi.org/10.3846/1648-0627.2009.10.181-190.
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Construction and real estate investment sector was vitally important to Lithuanian economy in recent decade. Recent rapid real estate prices growth and current market fall directly influenced Lithuanian economy development. For this purpose it can be argued that correct investment and real estate projects' development can support better conditions for Lithuanian economy rehabilitation. in this article the methods and models of real estate projects' evaluation are analyzed, projects' selection criteria researched, the investment decision-making discussed, real estate projects' economic efficiency evaluation criteria systematized as well as conclusions considering essential further evaluation methodology improvement are given.
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U.Sh., Olimjonova. "ECONOMIC EVALUATION OF INVESTMENT PROJECTS." Results of National Scientific Research 1, no. 9 (2022): 284–91. https://doi.org/10.5281/zenodo.7500793.
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This article examines the role of investments in the national economy in the economic development of the state, the theoretical basis of their economic efficiency, and the specific features of the methods of assessing the economic efficiency of investment projects.
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Astvacaturova, K. "Improving the Methods of Analysis and Evaluation of the Effectiveness of «Green» Investments." Auditor 10, no. 2 (2024): 35–42. http://dx.doi.org/10.12737/1998-0701-2024-10-2-35-42.
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The relevance of the methods for analyzing and evaluating the effectiveness of «green» investments development due to the insufficient scientific validity of the approaches used today, because of which there is a risk of incorrect assessment of projects and investment expectations. The article proposes an author’s modification of the methodology for analyzing and evaluating the effectiveness of «green» investments, based on the calculation of a complex index and an aggregated assessment of a set of factors of financial efficiency; financial stability; social efficiency; environmental efficiency, as well as the use of the decoupling index to monitor the achievement of “green” investment goals.
6
Tashmuhamedova, K., and A. Matyakubov. "Methodology for Determining the Efficiency of Investments." Bulletin of Science and Practice 5, no. 4 (2019): 288–92. http://dx.doi.org/10.33619/2414-2948/41/39.
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The paper studies methodological issues related to the determination of the efficiency of investments in the structure of the GDP and developing of the economy. The methods of evaluation of the efficiency of investments are also studied in the paper. It concludes that the determination of the efficiency it makes sense to use a performance indicator (efficiency) of additional investments (investment growth), i.e. the rate increase investment and productivity (efficiency) of a particular investment share in GDP, that is, the accumulated amount of investments.
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Rapcevičienė, Daiva. "EVALUATION OF MULTI RESIDENTIAL HOUSE RENOVATION EFFICIENCY." Mokslas - Lietuvos ateitis 2, no. 2 (2010): 83–89. http://dx.doi.org/10.3846/mla.2010.039.
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Analyzed multi residential house renovation investment projects efficiency evaluation methods: economic-social, and environmental, as well as key financial valuation methods: simple pay-back period, the energy cost savings, the net present value, internal rate of return. Building walls condition regenerative rate which is used to evaluate investments in energy-saving measures is also discussed. According to reconstruction investments of multi residential house, three government financing programs of multi residential house are evaluated and selected the most effective program by comparing financial valuation methods taking and without taking into account building walls condition regenerative rate.
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Yang, Xiaodong, Yongxiang Wu, and Yafeng Yu. "Evaluation of Urban Infrastructure Investment Efficiency: Empirical Evidence from Heilongjiang Province, China." Mathematical Problems in Engineering 2015 (2015): 1–8. http://dx.doi.org/10.1155/2015/790867.
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The rapid growth of urban infrastructure investment in China has brought with it some serious problems that cannot be ignored, such as low investment efficiency and faulty investment decision-making. Therefore, based on the latest research findings related to infrastructure efficiency evaluation theory and evaluation methods, this paper uses empirical evidence from Heilongjiang province to analyze urban infrastructure investment efficiency. To analyze investment efficiency in the province, a new infrastructure investment efficiency evaluation model is developed known as the SDEA-Malmquist model. The model reveals that urban infrastructure investment projects in Heilongjiang province are relatively effective and stable but that the efficiency of such investments varies according to the city in which they are made. Overall efficiency is consistent with the TFC (total final consumption) index, but the index fluctuates within a narrow range between cities due to technological differences.
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Zagurskiy, O. M. "Evaluation of motor transport enterprise investment potential." Naukovij žurnal «Tehnìka ta energetika» 11, no. 3 (2020): 95–100. http://dx.doi.org/10.31548/machenergy2020.03.095.
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In the present circumstances, increasing of the motor transport enterprises efficiency contributes to the growth of its own competitiveness, has a significant influence on the competitiveness of their counterparties and the general level of competitiveness of the country's economy too. Therefore, the issue of improving the methods of evaluation of motor transport enterprises efficiency and search for new approaches of measuring of their investment potential is relevant. The purpose of the article is to develop economic and mathematical methods for evaluation of motor transport enterprise investment potential. The approach to generalizing the system of indicators for evaluation of motor transport enterprise investment potential was developed in the article. Procedure for conducting an investment potential analysis is based on the calculation of qualitative and quantitative indicators of the efficiency of motor transport enterprises activity. Function of desirable is the main tool of this methodological approach, that is complemented by the integrated coefficient calculation and using an objective-structural approach to reduce the subjectivity of non-formalized indicators. The proposed integrated indicator of the motor transport enterprise investment potential level gives an opportunity to comprehensively approach to an activity efficiency and enterprise management evaluation and identify the individual processes that need to be improved. Realization of the developed measures gives an opportunity to increase the overall efficiency of a motor transport enterprise management and increase its investment attractiveness for potential investors.
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Nevyantseva, Liliya, and Nataliya Vlasova. "Comparative Analysis of Methods for Evaluating Efficiency of Regional Investment Policy." SHS Web of Conferences 93 (2021): 03030. http://dx.doi.org/10.1051/shsconf/20219303030.
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The article highlights the issues of methodological tools for evaluating the efficiency of regional investment policy. The article provides international experience of investment policy evaluation and presents the evolution of approaches to evaluating the investment policy of Russian regions and the investment climate. Four approaches are outlined on the basis of domestic methods analyzed: cost-result, rating, integral and complex (qualitative and quantitative). The approach based on evaluation of investment performance and the costs incurred is widely used in Russia. The conclusions are drawn from the research findings: the existing approaches to evaluating the efficiency of investment policy at the regional level have disadvantages and use restrictions. The concluding part contains outlined actions aimed at improving the tools and methods for evaluating the efficiency of investment policy of regional units.
11
KYSHAKEVCYH, Bohdan, and Olga MIGULKA. "METHODS OF LEASING OPERATIONS EFFICIENCY EVALUATION." Herald of Khmelnytskyi National University 302, no. 1 (2022): 220–27. http://dx.doi.org/10.31891/2307-5740-2022-302-1-37.
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The article analyzes modern approaches to assessing the effectiveness of leasing operations both from the side of the lessor and from the side of the lessee. It was shown that in this area there is no unambiguity in the choice of methodology that should be used to assess leasing investments. It is argued that due to the fact that leasing is always more expensive than a regular purchase and sale transaction, not all entrepreneurs understand the advantages of this unconventional method of productive investment, since the additional profit received from the turnover of capital freed up through the use of leasing is not taken into account. There are also conflicting aspects of the legal regulation of the leasing business. It is shown that the most common method for assessing the effectiveness of leasing operations is an approach based on assessing the effectiveness of leasing in comparison with a type of active operations similar in economic essence – bank loans. The lessee, based on a comparison of the interest on the lease, which he will be obliged to pay to the lessor under the terms of the lease agreement, with the bank credit rate, may decide what will be of great economic benefit for him: to accept a lease agreement or to acquire property on credit. The disadvantages of leasing in comparison with lending can be attributed to its higher cost, since lease payments must compensate for the depreciation of property, the cost of invested resources and interest for servicing the buyer. However, the popularity of leasing is due to the fact that it is an effective method for accelerating the renewal of fixed assets. The lessee, based on a comparison of the lease interest with the bank lending rate, can make a decision – what will be of great economic benefit for him: to accept a leasing agreement or to acquire property on credit.
12
Todorovic, Sašsa Z., Zorica R. Vasiljevic, and Zoran N. Rajic. "Economic Efficiency of Investments in Agricultural Land." International Journal of Sustainable Economies Management 1, no. 1 (2012): 61–74. http://dx.doi.org/10.4018/ijsem.2012010106.
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The goal of the research presented in this paper is to examine economic efficiency of investments in agricultural land, to detect the most important factors influencing this, and to contribute successfully to the formulation of the answer to the question if and under which conditions this investment is justified. The analysis of economic efficiency of investments in agricultural land is based on dynamical methods for investment evaluation. Analyses have shown that investing in agricultural land amounting to 4,000.0 EUR per ha at discount rate of 4% would be more profitable than the amount which would be realised by external investment, but only when applying the 30 year investment horizon, because at the end of the 30 year of investment horizon, the amount of receipts, which is higher by 284.00 EUR than the amount realised by external investment of capital, what is not the case with the amount realised after the 10 year of investment horizon (577.00 EUR less). It is a consequence of realised rate of return on investment in agricultural land amounting to 4.39% for the 30 year and 0.04% for the 10 year investment horizons.
13
Latipova, Shahnoza. "METHODS OF SUBJECTIVE EVALUATION THE EFFICIENCY OF LEASING SERVICES." Journal of Science and Innovative Development 3, no. 2 (2020): 34–51. http://dx.doi.org/10.36522/2181-9637-2020-2-5.
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The study of the features of assessing the effectiveness of leasing services as a way of financing investment projects in the financial market, in contrast to other alternative methods, is considered especially relevant. The increase in investment in the modernization of fixed assets and the further expansion of its capabilities through the leasing mechanism is ensured by evaluating the effectiveness of this activity. Therefore, the purpose of the following study is to develop recommendations on the application of methods for assessing the effectiveness of this service for all participants in a leasing operation. To achieve this goal, we analyzed the cash flows observed when using credit and leasing as a way of financing fixed assets for each participant in a leasing operation. As a result, a comprehensive system for evaluating the methodological aspects of attracting financial resources for the modernization of enterprises through leasing has been proposed.
14
Uryniak, Marek. "Evaluation of the economic effectiveness of investments in commercial real estate using the switch option." Investment Management and Financial Innovations 16, no. 4 (2019): 315–24. http://dx.doi.org/10.21511/imfi.16(4).2019.27.
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Deciding whether an investment should be made or not requires an evaluation of the investment’s effectiveness. The choice of evaluation methods is related to the basic objective conditioning the implementation of the investment project. It often happens that the conditions in which a specific investment has been formulated change and so does the basis for its implementation, and it is necessary to adapt it to the new conditions. These new conditions could be recognized during the exploitation of the project so it is hard to take them into consideration at the stage of planning. The paper aims to evaluate the investments in commercial real estate with the option of alternative way of usage. This evaluation was carried out using the classical (discounted) methods of economic efficiency of investments and real options. Two groups of pricing real options models were used in the study: binomial models and continuous-time models. Results based on varied valuation methods lead to different conclusions. Unlike the discount methods, the real option approach allows valuing the project flexibility (which cannot be valued by classical methods). This value of flexibility in certain conditions indicates what should be the path of development of the project related with the transformation of commercial real estate for other purposes.
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PLAKHOTNIKOVA, L.О. "Efficiency of investment logistics systems of the enterprise." Market Relations Development in Ukraine №2(249)2022 193 (June 3, 2022): 54–61. https://doi.org/10.5281/zenodo.6609919.
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Relevance of the research topic. The functioning of the state economy in the conditions of market transformations necessitated the intensive development and research of scientific and practical activities of the logistics system. In modern conditions, the range of logistics is constantly expanding, including both internal logistics of the enterprise and logistics between enterprises, intersectoral, regional, international and other types of logistics coordination and integration. The logistical approach requires a new methodology, methods and models of object description and synthesis of management decisions. At the same time, one of the priorities of sustainable development and improving the competitive position of the enterprise is its investment attractiveness, given that the problem of studying the investment attractiveness of the enterprise in terms of investment efficiency in the development of logistics systems. The aim of the study. Analysis and evaluation of investment efficiency in the development of logistics systems of enterprises as a basis for optimizing their investment activities. Research methods. The article uses the dialectical method of scientific knowledge, the method of analysis and synthesis, comparison, the method of generalization of data, the study is based on a systematic approach to the problems, the study of their relationship and development. The results of the study are the development of guidelines and relevant practical recommendations for assessing the economic efficiency of investment in the enterprise on the basis of the development of logistics systems. Field of application of results. The results of the study can be used in the production and commercial activities of the enterprise, which is part of the operation of the logistics macrosystem, as a business entity. Conclusions. The formulated proposals are a methodological basis for the formation of a unified investment policy of the enterprise on the basis of the project approach to investment activities and the proposed model for assessing the economic efficiency of investments.
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Hayati, Keyvan, and Parastoo Sedaghat. "An evaluation of the links between quality of reporting and efficiency of investment in companies listed at Tehran Stock Exchange." Problems and Perspectives in Management 14, no. 3 (2016): 341–47. http://dx.doi.org/10.21511/ppm.14(3-si).2016.06.
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This paper aims to evaluate the relationship between the quality of reporting and efficiency of investment in companies registered at Tehran Stock Exchange Market during 2010-2014 (Iranian calendar) period. The population consists of manufacturing firms registered at Tehran Stock Exchange and the statistical sample includes 126 companies. To explore the assumptions of the research, secondary data, as well as audited balance sheets have been used to collect the data. The data have been analyzed using descriptive and inferential methods at two levels and via Panel Yapold tests. Reliability for variables has been verified using Luin, Leen and Chu methods for data related to the study. The results coming out of the study have been obtained by financial and monetary data of the companies registered at Tehran Stock Exchange during the years between 2010 and 2014 and have been analyzed. It was illustrated that not only companies that used higher qualities of reporting had better investments, but also the higher quality of reporting itself made the investments more efficient. Moreover, the results showed that there is negative and significant relation between too much investment and quality of financial reporting and between too little investment and the quality of reporting. Keywords: quality of reporting, investment efficiency, Tehran Stock Exchange. JEL Classification: M41, M42, G32
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Левкина and Nataliya Levkina. "Advantages and Disadvantages of Contemporary Methods for Evaluation of Efficiency of Investment in Intellectual Property Items." Economics 2, no. 6 (2014): 15–22. http://dx.doi.org/10.12737/6729.
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Contemporary methods of investment projects’ efficiency evaluation are based
 on such fundamental finance theories as J. Williams’ theory of discounted cash
 flows, investment portfolio management, pricing model for financial assets and
 the theory of options. All these theories were originally intended for analysis of
 investment in securities.
 This paper provides an overview of contemporary methods for evaluation of
 efficiency of investment projects connected with acquisition, development and
 use of intellectual property items in the frames of traditional classification,
 according to which they are commonly divided into three groups: financial,
 probabilistic and qualitative.
 As all financial, probabilistic and qualitative methods for evaluation of efficiency
 of investment in intellectual property items have their advantages and
 disadvantages it is recommended to use these methods’ rational combination in
 order to choose the optimal investment variant.
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Zaitsev O. "MODEL DEVELOPMENT OF INVESTMENT EFFICIENCY ASSESSMENT IN INNOVATION PROJECTS (Part 2)." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 2 (2019): 115–20. http://dx.doi.org/10.21272/1817-9215.2019.2-15.
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The mechanisms for calculating the effectiveness of innovative investments are complex, that is, they are estimated through a system of indicators. From this point of view, we believe that the inclusion in the mechanism of evaluating the effectiveness of investment projects of commodity product index and its harmonious "integration" into the system of financial and economic indicators can be one of the directions for the further development of evaluation methods of investment efficiency in innovative projects. Keywords: investments, innovations, efficiency, products, costs, profits, taxes.
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Mei, Shiyan, Kai Hou, Ming Chen, Jinlan Hu, and Chao Chen. "Research on Evaluation and Optimization Methods of Power Grid Investment Projects Based on Effectiveness Contribution." E3S Web of Conferences 252 (2021): 01058. http://dx.doi.org/10.1051/e3sconf/202125201058.
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Facing the current complex operation and management situation, power grid companies must improve the level of precision investment and improve the efficiency of project input and output. Based on the different goals of project investment, this paper uses comprehensive benefit evaluation methods to carry out micro-investment demand analysis from the project dimension, builds a quantitative evaluation index system for comprehensive benefits of power grid projects based on effectiveness contribution evaluation, and combines the analytic hierarchy process and entropy weight method to determine the index weights. Analyze the contribution degree of each project to the power grid after it is put into production through indicators, and realize the priority ranking of power grid investment projects according to the comprehensive benefit evaluation score of the project. The research results can provide reference and reference for improving the output efficiency of power grid investment projects.
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Dinçer, Hasan, Serhat Yüksel, Tamer Aksoy, and Ümit Hacıoğlu. "Application of M-SWARA and TOPSIS Methods in the Evaluation of Investment Alternatives of Microgeneration Energy Technologies." Sustainability 14, no. 10 (2022): 6271. http://dx.doi.org/10.3390/su14106271.
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Investments in microgeneration technologies help to boost the usage of clean energy while reducing pollution. However, selecting the appropriate investment remains the most critical phase in developing these technologies. This study aims to design a multi-criteria decision-making method (MCDM) to evaluate investment alternatives for microgeneration energy technologies. The proposed MCDM is based on a Multi Stepwise Weight Assessment Ratio Analysis (M-SWARA), to define the relative importance of the factors. The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) and q-Rung Orthopair Fuzzy Soft Sets (q-ROFSs) are used to rank investment alternatives. Calculations were also made with Intuitionistic Fuzzy Sets (IFSs) and Pythagorean Fuzzy Sets (PFSs). For analysis, five evaluation criteria were selected based on the literature: frequency of maintenance, ease of installation, environmental adaptation, transmission technologies, and efficiency of cost. Similarly, six alternatives for microgeneration technology investments were selected: ground source heat pumps, micro hydroelectric power, micro combined heat and power, micro bioelectrochemical fuel cell systems, small-scale wind turbines, and photovoltaic systems. The results showed that cost efficiency was the most significant factor in the effectiveness of microgeneration energy investments, and the photovoltaic system was the best alternative to increase microgeneration energy technology investment performance. Furthermore, the results were the same for the analyses made with IFSs and PFSs, demonstrating the reliability of the proposed method. Therefore, investors in microgeneration technologies should prioritize photovoltaic systems. This conclusion is supported by the fact that photovoltaic is a renewable energy source that has witnessed the most technological improvements and cost reductions over the last decade.
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Wang, Xueshan, Lei Wang, Yaling Hu, and Luyuan Yang. "Evaluation and Spatial Correlation of Agricultural Green Investment Efficiency in China." Academic Journal of Science and Technology 11, no. 2 (2024): 209–11. http://dx.doi.org/10.54097/5kn49e45.
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Green agriculture is one of the development directions of modern agriculture, and now the development of green agriculture needs the support of capital and technology. Under the background that China attaches great importance to the development of green agriculture, the government has introduced a series of relevant policies. Therefore, by exploring the problem of investment efficiency in the development of green agriculture in our country, optimizing the investment direction, and constantly promoting the development of green agriculture, there is no doubt that it has important practical significance. Through normative analysis and empirical analysis methods, this paper conducted in-depth research on the efficiency of green investment in agricultural science and technology, the development prospect of agricultural green industrial structure, and the impact of green agricultural economy on green investment, analyzed several key impacts of improving the efficiency of agricultural green investment on the development of agricultural industry, and then elaborated the reaction of agricultural green investment on the entire economic development. This paper also innovatively explores from the Angle of entry and analysis methods, and continuously analyzes the investment effect of "high investment efficiency, low investment level and high overall income growth" formed by the gradual improvement of green technology investment efficiency, the continuous decline of green investment level and the continuous reduction of green investment cost.
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Szymszal, J., T. Lis, B. Gajdzik, and J. Kliś. "Analysis of the Possibility of Using Dynamic Methods for Assessment of Investment Projects in the Domestic Foundry Industry." Archives of Foundry Engineering 14, no. 3 (2014): 103–6. http://dx.doi.org/10.2478/afe-2014-0071.
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Abstract A comparative analysis involving the evaluation of the effectiveness of investment projects can be based on various rules indicating selection of the most favorable decisions. The dynamic methods for assessment of investment projects discussed in this article, which consider the possibility of modifying the predetermined investment options, are quite complex and difficult to implement. They are used both in the construction phase of the new company, as well as in its subsequent modernization. The assessments should be characterized by a high coefficient of the economic efficiency. The, observed in practice, high dynamic variability of both the external and internal conditions under which the company operates is the reason why in the process of calculating the economic efficiency of investment projects, there is a significant number of random parameters affected by high uncertainty and risk. Investments in the metallurgical industry are characterized by a relatively long cycle of implementation and operation. These are capital-intensive projects and often mistakenly taken investment decisions end in failure of the investment project and, consequently, in the collapse of the company. In addition, the applied methods of risk assessment of investment projects, especially the dynamic ones, should be fully understood by managerial staff and constitute an easy to use, yet accurate tool for improving the efficiency of the company.
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Puryaev, A. S., and R. A. Puryaev. "Environmental efficiency: analysis of measurement and evaluation methods." E3S Web of Conferences 531 (2024): 04013. http://dx.doi.org/10.1051/e3sconf/202453104013.
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Eco-efficiency is defined by the World Business Council for Sustainable Development as creating more value with less impact. A study of the issue of measuring and evaluating eco-efficiency has been conducted on Science Direct platform sources from 2021-2023. Current global trends and approaches to this issue are identified. The methods used for measuring and evaluating ecological efficiency are presented and analyzed. The author's provisions on an alternative variant of measuring the environmental performance of a company and (or) an investment project are presented for discussion. The proposed measurement model allows taking into account the undesirable result of environmental impact in natural measures. The assessment is carried out when selecting the optimal variant from a set of existing alternative projects for planning future activities. In this case, the decision maker (LPR) is required to set restrictions (min, max) to achieve target values in future activities by indicators: product and service value (PSV) and environmental impact (EI).
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Bezuglіy, Artem, Bohdan Stasiuk, Marina Yanchuk, Tetiana Zakharova, and Vitalii Ivanchenko. "COMPREHENSIVE EVALUATION OF INVESTMENT EFFICIENCY INDICATORS OF CONSTRUCTION, RECONSTRUCTION AND REPAIRING OF ROADS: SCIENTIFIC-METHODICAL ASPECT." Dorogi i mosti 2022, no. 25 (2022): 17–30. http://dx.doi.org/10.36100/dorogimosti2022.25.017.
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A historical review of methods for evaluation the economic efficiency of investment projects is performed. The analysis of modern methods of efficiency evaluation in the field of construction, reconstruction and repairing of roads is carried out. The main provisions and principles of comprehensive evaluation of construction, reconstruction and repairing of roads are identified and generalized methodological approaches to determination of the overall socio-economic efficiency of financing works on new construction, reconstruction and repairing of public roads, which provides for the relevant stages of: operational condition of the road; socio-economic efficiency of road reconstruction and repairing; environmental efficiency of road construction, reconstruction and repairing . Introduction The most important requirement for the functioning of modern economic systems is a developed network of roads. Integrative development of the national economy is faced with the need to build new and improve existing international transport corridors, which increases their capacity and transit capacity, exports of motor transport services and reduces the time of connection and delivery of goods and passengers by road. Comprehensive evaluation of socio-economic and environmental efficiency of construction, reconstruction and repairing of public roads is a tool of public policy aimed at implementing the principles of sustainable economic development. In terms of program-targeted planning of public roads generalization and further development of scientific and methodological approaches to comprehensive evaluation of the effectiveness of investment projects for construction, reconstruction and repairing of roads is one of the key tasks to improve the quality of existing roads and new transport routes considering their socio-economic and environmental efficiency. Problem statement. During the evaluation of projects for the construction, reconstruction and repairing of public roads, it is need to consider not only the effectiveness of project investments, but also the social and environmental effects associated with their implementation. Generalization of methodological approaches to the comprehensive evaluation of projects for construction, reconstruction and repairing of roads considering their socio-economic and environmental efficiency and the development of methodological tools for evaluation additional effects is a complex scientific problem. Thus the comprehensive evaluation of efficiency of construction and reconstruction of the road has to characterize conformity of its transport and operational condition to the level of social and economic and ecological requirements which are formed taking into account the state, territorial, public and private interests. Purpose and task. The purpose of the article is to substantiate at the scientific and methodological level the feasibility of a comprehensive evaluation the socio-economic and environmental efficiency of construction, reconstruction and repairing of public roads based on the generalization of existing methodological approaches to investment efficiency calculation. The task of the article is to analyze methodological approaches to evaluation the effectiveness of investment projects, determination of their features and basing on their generalization substantiation of a comprehensive approach to the overall evaluation of socio-economic efficiency of investment in construction, reconstruction and repairing of public roads. Materials and methods During the article preparation, the current methods of evaluation the effectiveness of capital expenditures (investments), designing and regulatory documents regarding evaluation the socio-economic efficiency of investments in the construction, reconstruction and repairing of roads were used. In the process of study the methods of comprehensive and system analysis, abstract-logical, method of comparative analysis and others were used. Results The main provisions and principles of comprehensive evaluation of construction, reconstruction and repairing of roads are determined and the unified methodology for determination the overall socio-economic efficiency of financing of new construction, reconstruction and repairing of public roads, which provides for the relevant evaluation stages: transport and operational condition of the road; socio-economic and environmental efficiency of construction, reconstruction and repairing of the road. Conclusions During evaluation the socio-economic efficiency of investment in the development of public roads has to be used a system of indicators that characterize the results of related effects at the macro-and micro-economic level and in the social sphere. In this context, in order to optimize the processes of prioritization and priority of financing works on new construction, reconstruction and repairing of public roads within the relevant legal and regulatory field, methodological approaches to determination the overall socio-economic efficiency of financing works on new construction, reconstruction and repairing of public roads. The application of common methodological approaches to determining the overall socio-economic efficiency of financing new construction, reconstruction and repair of roads involves long-term planning and financing of clearly defined tasks and measures for the restoration and development of public roads. Keywords: construction, reconstruction and repairing, public roads, comprehensive evaluation, overall socio-economic efficiency, environmental efficiency, investment efficiency indicators.
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Postnikova, L. V., K. A. Lebedev, K. A. Dzhikiya, and A. A. Romanova. "Efficiency of investment activity in the dairy subcomplex." Buhuchet v sel'skom hozjajstve (Accounting in Agriculture), no. 3 (March 18, 2024): 202–16. http://dx.doi.org/10.33920/sel-11-2403-06.
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The article presents the results related to the evaluation of the effectiveness of investment activities in the dairy subcomplex. It is established that investments are an important component of the economic development of the dairy subcomplex, the effectiveness of which depends on a set of factors of the macro- and microeconomic environment, its organizational and economic characteristics, the investment strategy of enterprises, objects and sources of investment, the period for which capital is invested, the certainty of its future effect and the associated risk level. It was found out that in the conditions of low competitiveness of dairy subcomplex enterprises, there is a need to use effective investment projects, which significantly strengthened the role of investment efficiency analysis as a tool within which it is possible to justify, evaluate and select priority investment projects. It is determined that the task of analyzing the effectiveness of investments is the calculation of profits and cash flows, the assessment of their effectiveness, the identification of the influence of uncertainty factors on their profitability, the selection of optimal investment projects. It is advisable to organize the analysis of the effectiveness of investments in the following areas: the definition of subjects and objects of analysis; the choice of organizational forms of analysis, depending on the organizational structure and the distribution of responsibilities between individual performers; the preparation of the analysis program and its information support; analytical data processing, design and generalization of the analysis results. The proposed methodological approach to the analysis of investment efficiency takes into account the conditions of an unstable market environment (variable macroeconomic conditions, insufficient supply of dairy raw materials, uncertainty about wholesale purchase and sale prices), makes it possible to determine the effectiveness of investments, conduct risk analysis by simulation and predict data for risk analysis using regression methods.
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Myroshnychenko, Ihnat, Leonid Katranzhy, and Ganna Myroshnychenko. "CHARACTERISTICS OF BANKING INVESTMENT IN THE SECURITIES PORTFOLIO AND CRITERIAS FOR EVALUATION OF ITS EFFICIENCY." Economical 1, no. 25 (2022): 20–27. http://dx.doi.org/10.31474/1680-0044-2022-1(25)-20-27.
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Goal. Substantiation of the theoretical basis of the peculiarities of bank investment in the aspect of financial investment in accordance with the criteria for assessing the effectiveness of the securities portfolio.. Method. Substantiation of the theoretical basis of the features of bank investing is based on the methods of theoretical generalization, grouping and comparison. The study of the model of valuation of financial instruments of bank investment and criteria for the effectiveness of the securities portfolio is based on the methodology of system analysis and synthesis. Results. The process of investing in a banking institution by forms has been studied. It is substantiated that the investment process in accordance with the Law of Ukraine "On Banking" and NBU regulations has a certain limit on the bank's resources. The types and forms of bank investments were analyzed, which made it possible to propose a scheme of bank investments, which includes the primary and secondary distribution of bank investments. It is emphasized that banking investment needs special attention in the sector of financial investments in the stock market, as this market is more profitable and is one of the most promising markets for investment. According to the results of the study of models for estimating the value of financial instruments of bank investment and criteria for the effectiveness of the securities portfolio, the fundamental differences in assessing the effectiveness of financial instruments for reverse cash flows based on the fact that there are financial instruments of debt and equity. Scientific novelty. Models that allow to combine the parameters of income and risk of the securities portfolio with the help of one criterion of financial investment efficiency of the securities portfolio, which combines the levels of risk and income in one value, are substantiated. Practical significance. The results of the study form a scientific and practical basis for conducting various analytical and forecasting research in terms of choosing a financial instrument in the securities portfolio in terms of expected return and risk for financial activities, which allows to form a strategy for managing banking investment activities depending on existing stock market conditions
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Goyko, A. F., та L. V. Sorokina. "Іmperfection of the scientific methodproviding an assessment of the efficiency of investments". Ways to Improve Construction Efficiency 1, № 52 (2023): 238–50. https://doi.org/10.32347/2707-501x.2023.52(1).238-250.
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The article is devoted to issues related to the imperfection of the scientific and methodological tools and the shortcomings of the objective assessment of the economic efficiency of investment projects in the conditions of an acute shortage of investments and a decrease in the efficiency of investment activities observed recently. One of the main conditions for the acceleration of economic growth is the improvement of the system for selecting investment projects for implementation, which is carried out by evaluating the effectiveness of investment activities using a number of indicators that influence investment decisions. It is indicated that when evaluating the efficiency of complex processes, which includes the investment process, it is generally impossible to unequivocally state the priority of one or another indicator, and it is better to use a system of performance evaluation indicators. Examples are given from the practice of justifications for investment performance evaluation, the analysis of the results of which indicates the imperfection and shortcomings of individual performance indicators and helps to identify new problematic issues of investment evaluation. The essence of individual indicators is revealed and the role of each of them is analyzed, their influence on the correctness of the final decision is substantiated. The research proposes methods of harmonizing intermediate indicators of the net present value using a weighted average generalizing indicator and methods of fuzzy multi-criteria optimization. Although the significant advantage of the last methodical approach, which is manifested by the higher values of its weighting factor when summarizing the partial indicators of NRV, and increases the differences in the advantages of one or another project, but "soft calculations" allow to justify the minimum economic effect that capital investment should provide. Also, a vaguely multiple approach makes it possible to justify the degree of satisfaction of investors' goals in the case of receiving just such a reduced cash flow, instead of the one provided for in the project. Decisions made taking into account the tools for evaluating the effectiveness of investment projects will contribute to the acceleration of the economic growth of our country.
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Bekimbetova, G. "ANALYSIS AND EVALUATION OF THE EFFICIENCY OF INVESTMENT PROJECTS IN THE REPUBLIC OF UZBEKISTAN." Slovak international scientific journal, no. 63 (May 10, 2022): 30–34. https://doi.org/10.5281/zenodo.6535033.
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An analysis of the development of investment projects in Uzbekistan was carried out. A general description of the international practice of existing methods for evaluating the effectiveness of investment projects/programs is presented. The substantiation of the expediency of making investment decisions in relation to the selected projects/programs is presented. The presented stages are the development and implementation of an investment project / program, namely: organizational and preparatory stage; stage of direct development of the project/program; stage of coordination and approval of the project/program; advocacy stage of the project/program and control over its implementation.
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Л.А., Селютин. "СРАВНИТЕЛЬНЫЙ АНАЛИЗ МЕТОДОВ ОЦЕНКИ ЭКОНОМИЧЕСКОЙ ЭФФЕКТИВНОСТИ ИНВЕСТИЦИЙ". Vestnik of Russian New University. Series "Man and society", № 3 (30 липня 2024): 74–80. http://dx.doi.org/10.18137/rnu.v9276.24.03.p.074.
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В статье представлен сравнительный обзор методов оценки экономической эффективности инвестиций. Актуальность темы обусловлена меняющимися экономическими условиями в современном мире, которые влияют на инвестиционную среду. Анализ методов оценки позволяет понять их устойчивость к переменам и возможность адекватно оценивать инвестиционные вложения. В статье рассматриваются ключевые характеристики инвестиций, подчеркивается важность экономической оценки инвестиций. Подробно анализируются различные методы инвестиционной оценки – статистический и динамические. Приводятся преимущества и недостатки каждого из методов с учетом специфики их применения при принятии инвестиционных решений. Также даются выводы относительно каждого метода при их использовании в процессе оценки инвестиций. Несмотря на свои ограничения, статические методы ценятся за их простоту, в то время как динамические методы эффективны с точки зрения определения реальной эффективности инвестиций, то есть с учетом стоимости денег во времени. В заключение подчеркивается взаимосвязь этих методов и необходимость их совместного рассмотрения для комплексной оценки эффективности инвестиций. The article presents a comparative review of methods for assessing the economic efficiency of investments. The relevance of the topic is due to the changing economic conditions in the modern world, which affect the investment environment. Evaluation methods are analyzed to understand their resilience to change and the ability to adequately evaluate investment investments. The article considers the key characteristics of investments, emphasizes the importance of economic evaluation of investments. Different methods of investment evaluation – statistical and dynamic – are analyzed in detail. Advantages and disadvantages of each method are given, taking into account the specifics of their application in making investment decisions. The conclusions are also given regarding each method used in the investment appraisal process. Despite their limitations, the static methods are valued for their simplicity, while dynamic methods are effective in determining the real effectiveness of investments, i. e. taking into account the time value of money. In conclusion, the article emphasizes the interrelationship of these methods and the need to consider them together for a comprehensive evaluation of investment performance.
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Momčilović, Mirela, Sanja Vlaović-Begović, and Slobodanka Jovin. "Efficiency evaluation of investment in expanding the capacity of the rubber industry company." Ekonomika 69, no. 3 (2023): 89–100. http://dx.doi.org/10.5937/ekonomika2303089m.
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The aim of this paper is to determine and evaluate the economic efficiency of investment of the company from the field of rubber industry in the injection molding press and tool, with which the company expands the capacities intended for the production of rubber seals. The effects of the investment were estimated using the payback period, as a static method of investment efficiency evaluation, as well as the net present value and profitability index, as dynamic methods. In addition, in paper was used sensitivity analysis, as a method for evaluation of investment in conditions of uncertainty. The obtained results showed that the payback period of the investment is 2.93 years, while the net present value of the investment is 149,914 euros, and the profitability index is 1.79. All the obtained results indicate that the investment should be implemented. In addition, the sensitivity analysis, whose focus was primarily to consider the impact of increased material costs, on the results of the investment evaluation methods used, showed that the project is acceptable in all considered cases, because it contributes to increasing value of the company.
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Kuzman, Boris, Mirela Momčilović, Dajana Ercegovac, and Dragana Milić. "ECONOMIC EFFICIENCY ASSESSMENT OF INVESTMENTS IN AGRICULTURAL PRODUCTION." Ekonomika poljoprivrede 70, no. 1 (2023): 61–79. http://dx.doi.org/10.59267/ekopolj230161k.
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The purpose of this study is to assess the economic benefits of agricultural production and provide guidance to manufacturers and investors interested in agriculture. This paper applies dynamic efficiency evaluation methods i.e. net present value, profitability index, and internal rate of return, together with the sensitivity analysis that is useful in cases of market turbulences. The presented investment is purchasing 10 hectares of arable land and cultivating two alternative crops: corn and soybeans. Research results and projections imply that both scenarios are acceptable and economically profitable with the preference for the cultivation of corn giving better economic efficiency. This study can provoke further investment evaluations with dynamic capital budgeting methods in other crops or implementation of mechanization in agricultural production.
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Ginevičius, Romualdas, and Viktoras Zubrecovas. "SELECTION OF THE OPTIMAL REAL ESTATE INVESTMENT PROJECT BASING ON MULTIPLE CRITERIA EVALUATION USING STOCHASTIC DIMENSIONS." Journal of Business Economics and Management 10, no. 3 (2009): 261–70. http://dx.doi.org/10.3846/1611-1699.2009.10.261-270.
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As investment in real estate has great influence on regional economics development it is important to evaluate real estate investment processes as a whole. For this purpose the model of real estate projects’ efficiency evaluation was developed and presented in this article. The proposed model is designed for alternative projects, variants selection, investment resources allocation as well as real estate value maintenance and enhancement problems solution. The model of real estate projects’ efficiency evaluation covers all the investment decision‐making cycle, the hierarchically‐structured projects’ evaluation criteria system, risk evaluation basing on stochastic dimensions as well as the mathematical methods adaptation for multiple criteria evaluation problems solution, risk assessment and adjusted mathematical methods is presented in this issue.
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Shemet, M., and O. Kolontaievskyi. "INDICATORS OF EVALUATION OF EFFICIENCY OF DEVELOPMENT OF HOTEL ENTERPRISES." Series: Economic science 7, no. 160 (2020): 48–52. http://dx.doi.org/10.33042/2522-1809-2020-7-160-48-52.
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The purpose of the article is to determine the system of indicators for assessing the effectiveness of hotel enterprises. It is determined that the main criterion of the value of the investment project is the criterion of net discounted income. It is noted that the modified internal rate of return (MIRR) eliminates the lack of internal rate of return of the project, which occurs in the case of repeated outflows. It is noted that today there is no single approach to assessing the effectiveness of investment in hotel enterprises in accordance with the forms of ownership and their size, which is due to the need to ensure compliance with performance evaluation criteria and a system of indicators. Statistical and dynamic indicators of investment evaluation are considered Indicators are analyzed: simple (accounting) rate of return on the project (ARR), payback period (PP) Performance indicators taking into account the time factor are considered: discounted payback period (DPP), net discounted income (NPV), discounted profitability index (DPI), internal rate of return (IRR) and some others. The disadvantage of the discounted payback period has been identified - it does not take into account subsequent cash inflows, and therefore may serve as an incorrect criterion for the attractiveness of the project. The main advantages of static and dynamic indicators of investment project efficiency assessment are determined. It is noted that one of the main criteria of investment advantage of a project is profit maximization. Break-even analysis allows you to calculate the volume of sales at which the company's income equals costs. It is proposed to use the indicator modified internal rate of return (MIRR) It is determined that the most popular methods of assessing the effectiveness of the investment project today are the definition of such static indicators as simple rate of return, simple payback period and dynamic indicators, namely: discounted payback period, net present value, profitability index, internal rate of return and modified internal rate profitability. The most accurate results are given by dynamic indicators, as they take into account the value of money over time. Although dynamic methods are more accurate, all the considered methods of evaluating the effectiveness of the investment project have their pros and cons.
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Meyer, Rodolphe, and Patrice Degoulet. "Assessing the Capital Efficiency of Healthcare Information Technologies Investments: An Econometric Perspective." Yearbook of Medical Informatics 17, no. 01 (2008): 114–27. http://dx.doi.org/10.1055/s-0038-1638591.
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Summary Objectives To examine the different methods that can be used in the quantification of the added value of information technologies (IT) in the health care sector. This quantification represents a major issue for decision-makers and health care professionals when they have to plan an IT investment. MethodsArticles were chosen via Medline, internet and the University of Geneva bibliographic portal. Some of the papers were obtained directly from their authors. We examine the most current methods used to evaluate IT return on investment (ROI) in the general business and in the health care sector, drawing attention on methods traditionally used in macro economic studies that could reveal themselves disruptive for IT ROI impact evaluation in hospitals. Results Financial and accounting methods can provide interesting data on a specific IT project but are usually incomplete for revealing the global IT investment influence. Econometric methods tend to demonstrate the positive impact of health care IT (HIT) on hospital production and productivity. Hospitals having higher levels of IT investment tend to deliver a higher level of clinical quality and show improved hospital cost performances. Conclusions Information technologies are so intermingled with people and processes that the identification of specific IT benefit remains questionable. Using macro economic tools could be the best way to analyze and compute IT ROI in health care. Econometric tools take into account all types investments (inputs) and all the returns (outputs) enabling the precise measurement of IT investments impact, breakeven points, and possible threshold levels, thus providing helpful intelligence to reach the higher levels of IT governance in hospitals.
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SAYFULLOYEV O.O., SAYFULLOYEV O. O. "ОЦЕНКА ЭФФЕКТИВНОСТИ УПРАВЛЕНИЯ ПРИВЛЕЧЕНИЕМ ИНВЕСТИЦИЙ В СФЕРУ АГРОТУРИЗМА". Экономика и предпринимательство, № 3(164) (20 червня 2024): 827–31. http://dx.doi.org/10.34925/eip.2024.164.3.158.
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In the article, the most important link of attracting investments in the field of agrotourism is the analysis of investment projects at the scale of economic entities. On the example of the investment project planned to be implemented in the region, the project was economically evaluated using methods based on the effectiveness of managing the attraction of investments in the field of agrotourism and discounting. Analyzing the indicators of the agrotourism investment project to be implemented in the region using discount methods and determining the level of agrotourism market propensity on the basis of "inflation expectation", "refinancing rate", "risk-free rate". В статье анализируются инвестиционные проекты в масштабах хозяйствующих субъектов как важнейшего звена привлечения инвестиций в сферу агротуризма. На примере инвестиционного проекта, который планируется реализовать в регионе, была проведена экономическая оценка проекта с использованием методов, основанных на эффективности управления привлечением инвестиций в сферу агротуризма и дисконтировании. На основе анализа показателей инвестиционного проекта в сфере агротуризма, реализуемого в регионе с использованием дисконтных методов, а также, исходя из «инфляционного ожидания», «ставки рефинансирования», «безрисковой ставки», был определён уровень склонности агротуризма к рынку.
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Kolobkova, I. "Methodology for efficiency evaluation of real investments with exceptional cash flow configuration." TRANSBAIKAL STATE UNIVERSITY JOURNAL 28, no. 5 (2022): 83–92. http://dx.doi.org/10.21209/2227-9245-2022-28-5-83-92.
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The methodology for efficiency evaluation of investment projects, concerning the calculation of several key indicators and making a decision on the advisability of project approval, is well-known in scientific spheres. It is based on the algorithm for evaluating portfolio investments, when the investment itself is initially and simultaneous. Further it generates a certain revenue flow to the owner of a security or physical asset. Real investments, such as capital or fixed assets investments are much more complex and diversified in their structure. The cash flow can naturally start with an influx of funds at the very beginning and then finish with the outflow. Frequently, the capital investment itself is not a single way of infusion, that's why the use of standard approaches often leads to a formal absence or, on the contrary, multitude of the internal rent rates and also causes uncertainty and problems with calculations of the payback period for purely mathematical reasons. Net Present Value can be defined by default in any situation, but the Internal Rate of Return specifically serves as the main relative and comparable indicator for both the project developer and potential investors in present conditions. This article offers the alternative algorithm that allows you to review the full-scale financial and economic characteristics of the project, regardless of the cash flow pattern under any circumstances. The divergences between the known and the proposed methodology are minimal, as the author explains us by researching the examples of the "ordinary" projects. Thus, this model can be considered as reasonable for evaluation purposes in comparison with basic methods, which are not intended to provide such an analysis in general. The object of the proposed research is real investment projects with signs of extraordinarity, the goal is to develop methodological approaches for their correct financial and economic evaluation. The methodological base is the apparatus of financial mathematics, the theory of efficiency and the theory of managerial decision-making. The key result is two approaches that always allow to calculate internal rate of return and the exact payback period, regardless of the configuration of the cash flow. The article will be useful primarily to initiators of projects in existing and created production, as well as potential investors in such innovations.
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Kegenbekov, Zhandos K., and Ayaulym A. Kozhakhmetova. "Analysis and evaluation of the effectiveness of investments in the development of logistics systems." Russian Journal of Water Transport, no. 75 (June 19, 2023): 166–74. http://dx.doi.org/10.37890/jwt.vi75.354.
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This article presents the key issues of analysis and evaluation of the effectiveness of investments in the development of logistics systems with the correct and appropriate use of budgetary funds. In many ways, the success of the enterprise's performance is associated with the levels of quality, organization and efficiency of the movement of material flows, which in turn depends on the use of the logistic method in the course of managing the production, supply and marketing processes of the company. In the transition to the production and logistics system, one of the important conditions is that the majority of Kazakhstani enterprises have the necessary modern and updated funds. In solving this problem, the best means is to attract investments in the absence of the necessary sources of financing. The article shows theoretical and practical methods for evaluating the effectiveness of investments in the development of logistics systems. However, it is important to analyze and evaluate the effectiveness of investments in logistics systems to ensure that they bring the desired results. When evaluating the effectiveness of investments in logistics systems, it is important to consider the objectives of the investment. This may include reducing costs, improving customer service, or improving efficiency. Once the investment objectives have been set, the success of the investment needs to be measured. In general, the analysis and evaluation of the effectiveness of investments in the development of logistics systems in Kazakhstan is essential to ensure the success of the country's economic growth. By evaluating the impact of investment on a country's GDP, employment and other economic indicators, as well as the return on investment, it is possible to determine the effectiveness of investments and ensure the most efficient and effective use of investments.
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Latipova, Shakhnoza, Enikö Lörinczová, Iryna Sarancha, Olena Kravchenko, Lesia Levchenko, and Nataliia Yukhymenko. "The model of evaluation of efficiency of leasing services." E3S Web of Conferences 587 (2024): 03017. http://dx.doi.org/10.1051/e3sconf/202458703017.
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At present, in the financial market, it is important to study the specifics of assessing the effectiveness of leasing services, in contrast to other alternative methods of financing investment projects. Increasing the volume of investment for the modernization of fixed assets through the leasing mechanism, further expanding its capabilities will be ensured by assessing the effectiveness of this activity. Thus, the purpose of the article is to develop methods for applying the methods of determining the effectiveness of this type of service for the lessee of the leasing operation, as well as a model of the classification of factors affecting it. To achieve this goal, the cash flows observed in the use of credit and leasing as methods of financing fixed assets for the lessee of the leasing operation were analyzed, and the impact of some of the indicators of financial stability of the lessee was assessed. Also, a comprehensive system for evaluating the methodological aspects of attracting financial resources for the modernization of enterprises through leasing was proposed.
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Mackevičius, Jonas, and Vladislav Tomaševič. "MODEL FOR EVALUATING THE ECONOMIC EFFICIENCY OF INVESTMENT PROJECTS: ARCHITECTURE AND MAIN ASPECTS OF APPLICATION." Ekonomika 90, no. 4 (2011): 133–49. http://dx.doi.org/10.15388/ekon.2011.0.920.
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Evaluation of investment projects is a complex multilateral process which also entails a great responsibility as its results form a basis for adopting investment decisions. These decisions, to a large extent, depend on the reliability and justification of the evaluation results: therefore, the process must be based on clear logic, acceptable assumptions and the duly selected methods that have been tested in practice. The paper contains an overview of the main principles of investment projects’ evaluation and a detailed analysis of the main requirements for the model architecture and its evaluation process.The authors propose a model for evaluating the economic efficiency of investment projects that has been described in detail and tested in practice. The model consists of a coherent evaluation scheme made of three phases and detailed algorithms of internal procedures. Such an architecture of the model enables a comprehensive analysis of investment projects of different types and a validation of the objectivity of evaluation results.
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Tkachenko, A., N. Levchenko, G. Shyshkanova, V. Shvets, and M. Ivanova. "Evaluation of the efficiency of social investments of metallurgical enterprises according to the decoupling approach." Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, no. 5 (2020): 147–53. http://dx.doi.org/10.33271/nvngu/2021-5/147.
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Purpose. To develop a comprehensive methodology for assessing the effectiveness of social investment of metallurgical enterprises by a decoupling approach, which facilitates to form a clear idea of the investors intentions to support socially important initiatives and to make a realistic portfolio in terms of achieving the impact goals. Methodology. During the present research, the statistical methods of time series processing and correlation-regressive analysis are used in determining the dependence of the Decoupling Factor of social values on the amount of capital investment to create them. Decoupling analysis is applied in assessing the effectiveness of social investments of Metinvest Holding and the formation of its portfolio in terms of achieving impact goals. Strategic analysis is put to use in forecasting the effectiveness of social investment Metinvest Holding on the medium perspective. Findings. It is stated that the strategic orientation of transformational changes in the economy is currently the sustainable development of industrial enterprises, the achievement of which, in particular, is possible with the consistent application of the arsenal of fair working conditions, professional growth and welfare of employees, among which social investment has become widespread in foreign practice. The international standards on corporate social responsibility of companies are analyzed and the content component of the concept of social investment is revealed according to the functional approach. Emphasis is placed on the need to assess the effectiveness of social investment by the decoupling approach. The essence of the decoupling and its significance in the process of social investment are revealed. The authors method for evaluating the effectiveness of social investment by the decoupling approach is proposed. The classification of decoupling effect types according to P.Tapio has been modified by distinguishing types of social-decoupling effect. The expediency of supplementing GRI400 Social Standards with the group of indicators GRI-420 Efficiency of Social Investments is substantiated. Originality. The theoretical and methodological provisions in the field of social investment are deepened by developing an authors methodology for assessing the effectiveness of social investment by decoupling approach. In contrast to the existing transformational changes in the economy, the methodology helps to make a clear understanding about the investors intentions and his/her realistic portfolio in terms of achieving the set impact goals. Taking into account the requirements of the UN Resolution Transforming our world: the 2030 Agenda for Sustainable Development, the ISO 26000 Social Responsibility Guide (2010) and the AA1000 AS Social Reporting Standard, it is proposed to supplement GRI-400 Social Standards with a group of indicators for assessing the effectiveness of social investment by the decoupling approach. Practical value. The scientific results on assessing the effectiveness of social investment of industrial enterprises by the decoupling approach should be used in making management decisions to invest capital in improving the working conditions of employees.
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KUZMIN, Oleh, and Hanna KOMARNYTSKA. "Methods and approaches for evaluation of economic efficiency of public-private partnership in the investment-innovation activity development." Economics. Finances. Law, no. 11 (November 21, 2019): 30–35. http://dx.doi.org/10.37634/efp.2019.11.6.
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The article defines the preconditions for the efficient assessing the economic effectiveness of public-private partnerships in terms of investment and innovation activities (the need to identify the existing limitations of such assessment, which can help in achieving social, economic, informational, legal and other types of effects; the need to identify the genuine value added of a public-private partnership entity creation/improvement (it is about the utility for public and private partners and other stakeholders); the need to implement in the public-private partnership projects those options that will maximize the expected effects, taking into account regulatory constraints and the minimum cost of resources involved; the need to compare the expected and actual effects of the public-private partnership project). The risks of public-private partnership projects are identified and characterized, including those identified by the current regulatory framework (level of product demand, investment costs, operating expenses, operating income, financing conditions and discount rates, taxes and contributions, as well as currency courses and price dynamics). Methodological provisions on quantification of public-private partnership risks are presented. The main methods and approaches to assessing the cost-effectiveness of public-private partnership in terms of investment and innovation activities were displayed (classical financial methods, qualitative analysis tools, probabilistic methods, portfolio analysis, project approach, budgetary approach, qualitative, financial or combined models). Traditional financial techniques in the field of such economic efficiency estimation are considered (profitability index, payback period, internal and average rate of return, level of investments profitability, etc.). Listed are the so-called new practical guidelines aimed at assessing the cost-effectiveness of public-private partnerships in terms of investment and innovation activity, in particular: Total Cost of Ownership (TCO), C/SCSC (Cost/Schedule Control Systems Criteria – cost-time diagnosis), IT Scorecard (Modified Balanced Scorecard Application (taking into account known public-private partnerships projections of a balanced scorecard), Activity Based Costing (ABС - applying functional and value analysis), Applied Information Economics (AIE), Total Economic Impact (TEI), Total Value of Opportunities (TVO), Rapid Economic Justification (REJ). It is summarized that theory and practice have formed many methods and approaches to evaluate the economic efficiency of public-private partnership in the conditions of investment and innovation activity development. Each of them has its advantages and disadvantages, as well as clearly defined conditions of practical application. Two or more of these approaches should be used to make more substantive conclusions on the cost-effectiveness assessment.
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Popov, Alexey Yu. "Development of accounting and analytical support for the evaluation of investments in innovations by industrial enterprises." Вестник Пермского университета. Серия «Экономика» = Perm University Herald. ECONOMY 18, no. 3 (2023): 311–32. http://dx.doi.org/10.17072/1994-9960-2023-3-311-332.
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Introduction. New technological and economic challenges of our time demandindustrial enterprises to apply innovative approaches to the organization of production and management, therefore, investments in innovation are becoming one of the trends of sustainable development. Informed investmentdecisions require information and methodological tools, including accountingand analytical support. The purpose of the work is to consider the current state and directions of development of accounting and analytical support for the evaluation of investments in innovations by domestic industrial enterprises. Materials and methods. The paper analyzes approaches to the definition of accounting and analytical support; the author proposes their interpretation of the definition. The regulatory framework governing the accounting of investments in innovative development, the objects of which are R&D and intangible assets, as well as regulatory and author’s approaches to assessing the investment efficiency of projects are reviewed. Results. New federal accounting standards are compared and critically analyzed; a numberof recommendations on the application of the standards were proposed. Classical methods of investment evaluation are revealed; their advantages and weaknesses are identified. The development trends for the evaluation methods applied to the investments in innovations, proposed by modern researchers, and based on the decision tree, fuzzy set theory, multi-criteria approach, etc. are reviewed, and their advantages and disadvantages are described. Conclusion. The application is justified; the methodology derivedfrom the growth of the company’s value and applied to evaluate the innovationinvestment efficiency for the innovations is described and illustrated, since it reflects the ability of the enterprise to generate and multiply profits. The results of the work can be used by the scientific community to develop further directions for the development of accounting for investments in innovation and investment analysis, as well as by business entities to generateaccounting policies and accounting systems, as well as to assess the effectivenessof investments in innovation in order to ensure economic security and sustainable development.
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Дмитриева, В. А. "Approaches to modifying modern methods of investment projects evaluation." Modern Economy Success, no. 2 (February 8, 2024): 174–79. http://dx.doi.org/10.58224/2500-3747-2024-2-175-180.
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цель: целью проведённого исследования является разработка нового метода оценки инвестиционных проектов. Методы: в ходе проведённого исследования разработан новый подход к формированию методики оценки эффективности инвестиционных проектов на основании определения и анализа статических и динамических показателей, а также ранжирования по интегральному показателю, включающему в себя степень социальной, экологической и общественной полезности проектов. Результаты: в результате исследования сделан вывод о том, что предложенные подходы могут способствовать разработке комплексной модели оценки эффективности инвестиционных проектов с учетом как финансовой, так и экологической, социальной и общественной направленностей. Основной для ранжирования проектов по совокупной эффективности является результирующий интегральный показатель, который представляет собой сумму произведений факторов влияния проекта на степень их значимости. Выводы: в настоящих условиях наличия санкций и нестабильности геополитической ситуации важнейшим фактором экономического развития становится поиск новых инструментов, направленных на расширение инвестиционной активности хозяйствующих субъектов, способствующей реализации программ внутреннего развития страны. Однако, основную проблему составляет объективность оценки эффективности проектов, поскольку долгосрочные инвестиции нуждаются в дорогостоящем финансировании и затрагивают интересы различных категорий субъектов окружения проекта, которые способны повлиять на его результат. Внедрение методического инструментария с использованием коммерческих статических и динамических, социальных, экологических и, как следствие, интегрированных показателей позволит более качественно подойти к вопросу оценки инвестиционных проектов. Подобная методика способна оказать влияние на увеличение финансирования проектов различных сфер. object: the main object of the research is to develop a new method of investment projects evaluation. Methods: during the research, was developed a new approach to formation of a methodology of investment projects effectiveness evaluation based on the definition and analysis of static and dynamic indicators, as well as ranking according to an integral indicator, including the rate of social, environmental and public utility of projects. Findings: as the result of the study, was concluded that the proposed approaches can contribute to the development of a complex model for investment projects effectiveness evaluation, taking into account both financial and environmental, social and public issues. The basis for ranking projects by overall efficiency is the resulting integral indicator, which is the sum of the products of the project’s influence factors and the rate of their significance. Conclusions: in the current conditions of sanctions and instability of the geopolitical situation, the most important factor in economic development is the search for new tools aimed at expanding the investment activity of business entities, contributing to the implementation of the country’s internal development programs. However, the main problem is the objectivity of projects effectiveness evaluation, since long-term investments require expensive financing and affect the interests of various categories of subjects surrounding the project, which can influence its outcome. The introduction of methodological tools using commercial static and dynamic, social, environmental and, consequently, integrated indicators will allow to use a more qualitative approach to the issue of evaluation investment projects. This technique can have an impact on increasing funding for projects in various sectors.
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Vatamaniuk-Zelinska, Uliana. "Increasing the efficiency of budget investment of entrepreneurial activity in Ukraine." INNOVATIVE ECONOMY, no. 7-8 (November 2019): 85–91. http://dx.doi.org/10.37332/2309-1533.2019.7-8.12.
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Purpose. The aim of the article is identification of budget investment trends in Ukraine and development of recommendations for increasing the efficiency of capital investments as the main form of budget investments in the development of domestic entrepreneurship. Methodology of research. The results of the study are based on the use of abstract and logical analysis (to determine the essence of capital investments as the main form of budget investment in the development of domestic entrepreneurship in Ukraine) and statistical analysis (to study the dynamics of budget investment from state and local budgets). Theoretical and methodological basis of the study is the key provisions, principles and methods of modern economic theory, finance and economics. Findings. It is established that in order to increase the efficiency of capital investments as the main form of budget investments in the development of domestic entrepreneurship, there is a need to apply transparency of evaluation and competitive selection of investment projects and programs for the development of territories aimed at activating and stimulating entrepreneurial activity in priority areas. The use of step-by-step financing of budget investments from the budget of development of local budgets is substantiated, provided that medium-term and therefore strategic expenditure planning is implemented. It is proposed to reimburse interest rates on loans for entrepreneurs who implement priority development projects of the territories, creating new jobs in accordance with the strategy of modernization of the system of social support for the population, which will allow to increase the efficiency of budget investment at the level of all regions of our country. Originality. Recommendations for increasing the efficiency of capital investments as the main form of budget investment in the development of domestic entrepreneurship by establishing the lease of land as the difference between the actual rent and the amount of a single tax from the entrepreneurs of group IV are developed. Practical value. The results of the conducted study can be used by domestic enterprises and local governments to stimulate the development of entrepreneurial activity. This will increase the financial and economic efficiency of local budget revenues from agricultural land operations, either at the lower rent level or at the lower single tax rate. Key words: capital investments; budget investments; budget; financing; strategic planning; entrepreneurship.
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PLYASKINA, А. I., and K. V. PIGOL. "FEATURES OF ENTERPRISE MANAGEMENT USING SCIENTIFIC METHODS OF INTERNATIONAL MANAGEMENT." Economic innovations 23, no. 3(80) (2021): 286–90. http://dx.doi.org/10.31520/ei.2021.23.3(80).286-290.
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Topicality. One of the modern features is the growth of economic interdependence of countries in the context of globalization and diversification of commodity, financial, investment and other markets. This trend determines the specifics and features of the development of foreign economic activity, which plays a crucial role in strengthening international integration processes. In the researched scientific works considerable attention is paid to the organization of foreign economic activity, research of aspects of efficiency of management of foreign economic activity.Aim and tasks. In view of this, the main purpose of the study is to systematize approaches to determining the financial management of foreign economic activity and outlining its own vision for the realities of the domestic economy.Research results. Financial management as a system of principles, means and forms of organization of monetary relations of the enterprise, aimed at managing its financial and economic activities, which include: development and implementation of financial policy of the enterprise; information support; evaluation of investment projects and formation of a "portfolio" of investments; current financial planning and control. Evaluation of investment efficiency is central to the process of justification and selection of possible options for investing in investment projects, and therefore is the key to successful investment activities. Among these tools the author singles out: financial planning of financial flows; purchase and sale of currencies to service various transactions; purchase and sale of shares and other securities on international financial markets; operating with own securities in foreign markets; currency risk management. In the scientific literature we also emphasize the concept of international financial management, which is interpreted as a system of economic decisions arising from the implementation of financial management in the internationalization of economic activity of the firm. In our opinion, the proposed definition is too narrow for the concept of international financial management, but it can be used to define the concept of financial management of foreign economic activity. Thus, the concept of financial management of foreign economic activity combines three categories, namely finance, management and foreign economic activity.Conclusion. Management of investment attractiveness of domestic enterprises is based on the analysis of indicators of financial condition, while effective management of financial activity of the enterprise is provided by realization of the basic principles of financial management as a component of the general management of the enterprise. Our study is determined by sound recommendations and suggestions for improving modern methods and introducing more modern approaches to improving the efficiency of enterprise management in the international arena.
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Nabiev, Ramazan Abdulmuminovich, and Khamida Gadzhialievna Akhmedova. "Review for the textbook “Economic assessment of investments” / under the general editorship of N. G. Gadzhiev." Vestnik of Astrakhan State Technical University. Series: Economics 2024, no. 2 (2024): 148–52. http://dx.doi.org/10.24143/2073-5537-2024-2-148-152.
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In the conditions of market relations and improvement of management, development of a new strategy for the development of organizations, the role and importance of investments is increasing. Investments are of decisive importance for ensuring sustainable economic growth, increasing production efficiency and the overall level of economic development of both enterprises and the state. “Economic assessment of investments” is an academic discipline that systemizes theoretical, methodological and practical principles, knowledge and skills that make it possible to identify and scientifically substantiate the economic assessment of investment projects, determining the directions for making management decisions at different levels. A textbook for the discipline “Economic assessment of investments” is an integral part of economic science. Based on legislative acts, regulations, economic doctrines and evaluation disciplines, on extensive practical domestic and foreign experience, it examines the fundamental principles of the effectiveness of investment projects, the theoretical aspects of calculating overall efficiency, and assessing risk factors. The textbook, prepared by the team of authors, examines the issues of economic evaluation of investments and determining the effectiveness of measures proposed by students, provides various methods for assessing risks and methods for finding indicators of the effectiveness of investment projects. The textbook is intended for students of higher educational institutions studying in the areas of training economic and technical specialties, including 08.03.01 “Construction”, 09.03.01 “Informatics and Computer Science”, 27.03.04 “Management in Technical Systems”, 13.03.03 “Power engineering”, 15.03.05 “Design and technological support of machine-building industries”.
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Кочетов, Д. М., and А. Г. Дмитриев. "Criteria for general assessment of investment projects efficiency." Industrial Economics, no. 3 (June 30, 2024): 96–102. http://dx.doi.org/10.47576/2949-1886.2024.3.3.015.
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В статье представлен авторский подход к формированию системы критериев оценки эффективности инвестиций на основе методов интеллектуального анализа. Система базируется на триумвирате эффектов (экономический, экологический и социальный) и закладывает основу для повышения качества оценки перспективных вариантов вложения средств в динамичных рыночных условиях. In this regard, the article presents the author’s approach to the formation of a system of criteria for assessing the effectiveness of investment on the basis of methods of intellectual analysis, which is based on the triumvirate of effects (economic, environmental and social) and lays the foundation for improving the quality of evaluation of promising investment options in dynamic market conditions.
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PROSKURNINA, Nadiia, and Yevheniia CHORNOMORD. "METHODS AND APPROACHES TO ASSESSING INVESTMENT ATTRACTIVENESS." Economy of Ukraine 2022, no. 4 (2022): 28–36. http://dx.doi.org/10.15407/economyukr.2022.04.028.
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The most important aspect of making any investment decision is assessing the investment attractiveness of the investment object. Investment decisions are one of the most difficult tasks in terms of the selection procedure. They are based on a multivariate, multicriteria assessment of a number of factors and trends that often operate in different directions. The investment attractiveness of the enterprise is used as an integral characteristic of investment opportunities, which is formed by the assessment of the expediency of investing in a particular business entity for a certain period of time. Knowledge of the market value allows the owner of the object to improve the production process, to develop a set of measures aimed at increasing the market value of the enterprise. Periodic valuation improves management efficiency and thus prevents bankruptcy and destruction. Practical methods of assessing the investment attractiveness used by leading Western consulting firms and investment companies are considered a trade secret, inaccessible to the general public and not adapted to Ukrainian economic conditions, which indicates the relevance of the study of this problem. The essence of investment attractiveness of the enterprise is determined, the critical analysis of methods for its estimation is carried out. In the current economic conditions, there are several approaches to assessing the investment attractiveness of enterprises. The first is based on indicators of financial and economic activity and competitiveness of the enterprise. The second uses the concepts of investment potential, investment risk and methods of investment projects evaluation. The third is based on the assessment of enterprise value. Each approach and each method has its advantages, disadvantages and limits of application. The more approaches and methods will be used in the evaluation, the higher is the probability that the final value will objectively reflect the investment attractiveness of the enterprise. The advantages and disadvantages of each method are identified, practical recommendations for choosing a particular method in investment decision-making process are given.
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Svynous, Ivan, and Nadia Svynous. "METHODOLOGICAL APPROACHES TO EVALUATION OF EFFICIENCY OF INVESTMENT ACTIVITY IN THE PROCESSES OF REPRODUCTION OF AGRICULTURAL ENTERPRISES." Economic discourse, no. 2 (June 2020): 164–73. http://dx.doi.org/10.36742/2410-0919-2020-2-17.
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Introduction. One of the main tasks to ensure food security of the country, regardless of changes in external and internal conditions, is the stable development of domestic production of agricultural products and food in sufficient quantities to achieve independence. In this regard, an important task for the long-term development of agriculture is the production of high quality agricultural products by mobilizing production capacity through the provision of expanded production at agricultural enterprises. Methods. A set of special methods of economic research is used in the research process. Using the abstract and logical method, in particular the methods of analogy and comparison, induction and deduction conclusions. The method of theoretical generalization is used in the critical analysis of research results of domestic and foreign scientists on the substantiation of investment factors and methods of assessing the effectiveness of investment. Results. Summarizing the results of the study of methodological approaches to the analysis of investment support of reproduction processes of production resources, it should be noted that most of them are part of the methods of financial and investment analysis. However, the current need of agricultural enterprises in the timely and effective renewal of fixed assets requires the allocation of investment assessment of the processes of reproduction of production resources in a separate method, which involves determining the technical condition of fixed assets and trends; identifying the needs of the enterprise in the renewal of fixed assets, taking into account the assessment of their wear. Discussion. The proposed methodological approaches to the analysis of investment support of reproduction processes of production resources will become important in the context of the introduction of the market of agricultural land, which will lead to the recognition of agricultural land as an object of investment. Keywords: efficiency, investment activity, agricultural enterprise, reproduction, indicator.
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Zhang, Kuan. "Evaluating Return on Investment for Digital Technology Investments in Multinational Corporations." Business Inform 7, no. 558 (2024): 247–53. http://dx.doi.org/10.32983/2222-4459-2024-7-247-253.
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The study examines the return on investment (ROI) of digital technology for multinational enterprises (MNEs), focusing on key metrics and challenges associated with ROI measurement. Using a mixed methods approach, it highlights that accurately measuring ROI requires establishing clear Key Performance Indicators (KPIs), conducting benchmarks, and utilizing a balanced scorecard to align digital initiatives with strategic goals. To measure ROI effectively, businesses must define KPIs that are specific, measurable, achievable, relevant, and time-bound (SMART). These KPIs should capture both financial impacts, such as cost savings and revenue growth, and non-financial benefits, such as improved operational efficiency and customer satisfaction. Benchmarking against industry standards or historical performance provides additional context for evaluating the success of digital investments. The study identifies several challenges in ROI measurement. Defining appropriate metrics can be complex, especially when objectives are not clearly articulated. Data quality issues also arise, as data required for ROI analysis is often fragmented, leading to incomplete or skewed results. Furthermore, valuing intangible assets like enhanced customer experience or improved employee productivity is difficult, complicating the ROI calculation. Addressing these challenges is crucial for obtaining a precise assessment of the impact of digital transformation.