scholarly journals The influence of factor space on the value of discount rate in the assessment of investment projects

2018 ◽  
Vol 170 ◽  
pp. 01091
Author(s):  
Yuliya Anoshina ◽  
Valery Gusev ◽  
Svetlana Suchkova ◽  
Roman Gorshkov ◽  
Elena Smorodina
Keyword(s):  
Risk Assessment ◽  
Life Cycle ◽  
Discount Rate ◽  
Construction Projects ◽  
Factor Space ◽  
Internal Environment ◽  
General Classification ◽  
Investment Projects ◽  
Rate Calculation

The purpose of the paper is to identify factor space influencing on the value of discount rate in the assessment of effectiveness of investment and construction projects. As a result of investigation, a general classification of investment and construction risks was drawn up, depending on influence of external and internal environment of the enterprise. The factor space, which is used for initial data of separate investment and construction projects, was identified. A general algorithm of risk assessment of investment and construction project is developed, taking into account the reasoned justification of the method used for discount rate calculation, with the possible application of the variable discount rate at different stages of project’s life cycle.

scholarly journals Risk assessment of prospective investment projects for the construction of nuclear power plants abroad

2018 ◽  
Vol 7 (2.23) ◽  
pp. 251 ◽  
Author(s):  
Anna I. Guseva ◽  
Matvey V. Koptelov
Keyword(s):  
Risk Assessment ◽  
Construction Projects ◽  
Nuclear Power ◽  
Industrial Development ◽  
Power Plants ◽  
Energy Agency ◽  
Investment Projects ◽  
Development Organization ◽  
State Corporation

The article deals with the development of nuclear energy, classification of risks, approaches to risk assessment of investment projects of NPP construction abroad. Presented integrated methodology for assessing the risks of nuclear investment projects is based on the recommendations of the United Nations Industrial Development Organization (UNIDO), the International Atomic Energy Agency (IAEA), the sectoral methodological recommendations of the State corporation Rosatom. A way of accounting for risks in the calculation of economic efficiency is proposed. Calculations have been made for several real NPP construction projects (Rooppur NPP in Bangladesh, Astravets NPP in Belarus, Hanhikivi NPP in Finland). Analysis of the results of these projects shows that, taking into account all types of risks, its investment attractiveness has significantly decreased. 

scholarly journals Specificities of the estimation of efficiency of investment and construction projects at various stages of their life cycle

2018 ◽  
Vol 170 ◽  
pp. 01093
Author(s):  
Aleksandr Bobkov ◽  
Boris Orlov ◽  
Nadezhda Belozerova ◽  
Ivan Provotorov ◽  
Irina Kozlova
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Comparative Analysis ◽  
Discount Rate ◽  
Construction Projects ◽  
Process Management ◽  
Integrated Approach ◽  
Financial Decision Making ◽  
Financial Decision ◽  
Goals And Objectives

The paper addresses the issues related to the specificities of the estimation of efficiency of investment and construction projects (further ICP) at various stages of their life cycle. The structure of the ICP was analyzed; the necessity of detailed decomposition of the life cycle in order to improve the efficiency of block-process management was justified. The sequence of key organizational events in the implementation of the ICP is presented. The comparative analysis of methods for determining the discount rate was carried out. The methodology of the integrated approach to the organization of analysis of investment and construction projects is offered, which is characterized by close connection with the concept of the investment project’s life cycle. It promotes fuller compliance with the goals and objectives of investment and construction entities at all stages of investment, management and financial decision-making.

scholarly journals Efficiency of design offers on realization of ecological reconstruction in construction

2019 ◽  
Vol 97 ◽  
pp. 01037 ◽  
Author(s):  
Veronika Luchkina
Keyword(s):  
Life Cycle ◽  
Ecological Restoration ◽  
Energy Efficient ◽  
Construction Projects ◽  
Environmental Safety ◽  
Investment Projects ◽  
Construction Market ◽  
New Construction ◽  
Building Life Cycle ◽  
Design Proposal

In view of new construction market and National Project requirements, there is a growing demand in the construction environmental specialists in this field. The article analyses the results of scientific and practical developments in ecological restoration which are being implemented to a degree in the municipal economy and construction. This field of activity has been poorly researched in the studies yet, but it has been already used in construction of unique buildings and constructions, and ecological construction projects. The author has compared the assessment criteria of investment projects for standard (S) and energy-efficient houses (E). The life cycle analysis results provide for assessing the energy-efficient house and confirm that the rising cost at the construction stage is repaid for multiple times at the operation stage. The research has shown that the 2% investment rise for construction of the energy-efficient house would increase the return on investment by 10 times during the building life cycle. Such return is achieved due to energy cost saving. It can be noted that to construct an energy-efficient house as an option of ecological restoration design proposal implementation, various technologies which can both increase and reduce construction cost are used. The increased energy efficiency has a powerful economic and environmental effect and is of interest not only for the enterprises and creditors, but also for the public as to the positive results of the energy efficient project implementation, the increased economic and environmental safety of the country are the additional advantages of the energy efficient building construction that increase the attractiveness of such projects for the bank investment lending.

Risk assessment of construction projects in China under traditional and industrial production modes

2019 ◽  
Vol 26 (9) ◽  
pp. 2147-2168 ◽  
Author(s):  
Jingxin Gao ◽  
Hong Ren ◽  
Weiguang Cai
Keyword(s):  
Risk Assessment ◽  
Life Cycle ◽  
Construction Industry ◽  
Industrial Production ◽  
Construction Projects ◽  
Construction Project ◽  
Industrial Construction ◽  
Content Type ◽  
Traditional Production ◽  
Traditional Construction

Purpose High risk is one of the most prominent characteristics of the Chinese construction industry, and it poses a significant threat to construction projects. Owing to initiatives aimed at achieving high efficiency, low carbon emissions, etc., industrialization of the construction industry has become an inevitable trend in China. However, it remains to be discussed whether industrialization of construction can reduce the risks entailed in construction projects compared with traditional construction. The paper aims to discuss these issues. Design/methodology/approach Based on the theory of risk life cycle, this paper proposes a practical risk assessment technique to assess the risk life cycle, including the risk occurrence time and potential financial losses. This technique is then applied to assess the differences between the risks involved in an engineering, procurement and construction (EPC) project executed via traditional and industrial production modes. Findings The results show that the total duration of risks in the industrial construction project is half of that in the traditional project. In addition, the expected financial loss entailed in the industrial construction project is 29 percent lower than that in the traditional construction project. Therefore, industrial construction has the potential to optimize risk performance. Originality/value There is no significant difference between the traditional and industrial construction models in terms of probability of risk. The maximum total loss might occur in the procurement stage in the case of industrial production, and in the construction stage in the case of traditional production. Moreover, the total expected loss from risk in the EPC project in the industrial production mode is only half of that in the traditional production route. This study is expected to provide a new risk evaluation technique and promote an understanding of the life cycle of risk management in the construction industry.

scholarly journals Approaches to the assessment the innovation-and-investment projects within the system of “Smart City” criteria

2019 ◽  
Vol 97 ◽  
pp. 01022
Author(s):  
Tatyana Miroshnikova ◽  
Natalia Taskaeva
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Life Cycle ◽  
Smart City ◽  
Quantitative Risk Assessment ◽  
Modern Approach ◽  
Investment Projects ◽  
Construction Companies ◽  
Construction Organizations ◽  
The Impact

The article clarifies the understanding of modern approaches to risk management in construction organizations. The authors have formed a classification of the sources of risks in construction and the reasons causing the uncertainty of the conditions of operation of construction companies. The researchers identified factors that require control in the construction industry. The authors offer, that “smart city” assumes six criteria, including smart economy, smart mobility, smart environment, smart people, smart living, smart governance. The consideration of the tendency to innovations and the assessment of innovation-and-investment risks within the concept “Smart city” was carried out for the Russian practice for the first time. The risk assessment is offered to be carried out with the use of the modern approach. The proposed approach to improve risk management, according to which all the basic processes of risk management should be carried out at each stage of the life cycle of a construction object. The authors propose to use certain methods of qualitative and quantitative risk assessment, enshrined in the risk management standard, at the appropriate stages of the life cycle of a construction object in terms of their advantages. This will increase the effectiveness of risk management and minimize the impact of risk factors identified by researchers on the performance of construction organizations. Research of risk management systems allowed us to determine the priorities and problems of construction companies in the field of risk management and increase its efficiency.

scholarly journals Contract modeling of investment projects in the field of oil and gas construction

2021 ◽  
Vol 266 ◽  
pp. 06001
Author(s):  
A.S. Altemirova ◽  
I.V. Burenina
Keyword(s):  
Risk Management ◽  
Management System ◽  
Construction Projects ◽  
Oil And Gas ◽  
Optimal Contract ◽  
Preliminary Assessment ◽  
Investment Projects ◽  
Risk Management System

The purpose of this article is to select and justify the optimal contract model for one of the largest investment and construction projects of PJSC based on a preliminary assessment of the project under several alternative contracts. To achieve this goal, the following results were obtained: first, a classification of contracts for investment and construction projects (ICP) was developed, adapted to the specifics of the oil and gas business, second, the process steps for planning the contract model of oil and gas construction projects were formed, and third, a conclusion was made about the feasibility of using a particular contract model in terms of the project economy, its timing, the quality of decisions at each stage, and the risk management system.

scholarly journals The risk assessment model for construction projects including value creation and protection aspects

2019 ◽  
Author(s):  
Jolanta Tamošaitienė ◽  
Miglė Lapeikytė
Keyword(s):  
Risk Assessment ◽  
Construction Industry ◽  
Value Creation ◽  
Construction Projects ◽  
Assessment Model ◽  
Risk Level ◽  
Risk Assessment Model ◽  
Construction Sector

The article focuses on the identification and classification of key risk management criteria that represent the value creation and protection aspects for the construction industry. Nowadays, the assessment of the risk level of a construction project is especially important for the quality of construction projects as well as the growth of enterprises and the sector. To establish the most important criteria for the successful growth of the construction sector including value creation and protection aspects are developed.

Discount rate calculation for investment projects economic efficiency valuation

2018 ◽  
Vol 8 (2) ◽  
pp. 206-217
Author(s):  
Pavel Y. Serikov ◽  
◽  
Konstantin A. Sivolotsky ◽  
Andrey A. Mestnikov ◽  
◽  
...  
Keyword(s):  
Discount Rate ◽  
Economic Efficiency ◽  
Investment Projects ◽  
Rate Calculation

scholarly journals Background and ways to implement BIM concept in the construction industry

2020 ◽  
pp. 166-184
Author(s):  
A. A. Tugay ◽  
V. O. Pokolenko ◽  
A. D. Yesipenko ◽  
A. V. Dubinka
Keyword(s):  
Life Cycle ◽  
Construction Projects ◽  
Large Scale ◽  
Business Processes ◽  
State Level ◽  
Educational Process ◽  
Information Modeling ◽  
Investment Projects ◽  
Full Life Cycle ◽  
Joint Application

The article is aimed at considering the content of information modeling of construction and investment projects through the joint application of BIM-technologies (Building Information Modeling - information modeling of buildings) for the full life cycle of construction objects. The use of this approach in the implementation of investment and construction projects makes it possible to detail the project in order to make timely decisions at every stage of the project life cycle, from the concept of a future facility to its operation.Building information modeling technologies make it possible to determine and increase the level of interaction between project participants and improve the organization of collaboration between all construction participants. This requires quantitative and qualitative transformations, including the transition to information modeling and in areas related to construction, which contribute to a more efficient allocation of investments and the formation of the optimal project cost, solving the problems of increasing construction volumes and implementing large-scale infrastructure projects in optimal terms at the state level. Determining the prerequisites and ways of implementing the BIM concept with the optimization of business processes is relevant and requires scientific substantiation and implementation of the study of information modeling technology in the educational process for a high-quality and professional approach to construction projects in practice.

Sign in / Sign up

Export Citation Format

Share Document