scholarly journals MODELS FOR FORMING BUSINESS PROJECT INDICATORS AT THE PRE-PROJECT STAGE OF INVESTMENT EFFICIENCY ASSESSMENT IN THE FORM OF CAPITAL INVESTMENTS

2020 ◽  
Vol 3 (33) ◽  
pp. 132-138
Author(s):  
R.A. Maisky ◽  
◽  
G.Z. Nizamova ◽  
Yu.A. Pavlova ◽  
◽  
...  
Keyword(s):  
Feasibility Study ◽  
Investment Project ◽  
Investment Efficiency ◽  
Capital Investments ◽  
Working Capital ◽  
Investment Performance ◽  
Investment Projects ◽  
Flow Of Funds ◽  
Fixed Assets ◽  
The Cost

When assessing the value of capital investments, they often do not pay due attention to those capital investments that are associated with the formation of a sufficient amount of working capital, focusing on fixed assets. Meanwhile, capital investments in the project working capital formation are necessary to cover the costs of the preparatory process, inventory formation, and the creation of a reserve for the period until payments are received for receivables on products sold. During the period of acquisition of assets, one of the important components of investment costs, along with capital expenditures in fixed assets and intangible assets, is net working capital, which is the cost of increasing working capital (current assets). It should also be noted that when evaluating the effectiveness of real investment projects at the stage of feasibility study, it is neither possible nor necessary to calculate net discounted income for individual periods, since at this stage of analysis, it is unlikely that annual differentiation of costs and results will be provided. Thus, when determining the effectiveness of an investment project at the stage of pre-feasibility study of the main decisions, it is justified to use simplified calculations of operating results based on annuity models. An important problem should be recognized as modeling the mechanism for returning invested amounts. To ensure the adequacy of the algorithm taking into account the reimbursement of non-recurring costs in the calculation of investment performance should take into account the flow of funds sinking Fund (in the form of means for reproduction of fixed assets and the depreciation; or funds that ensures return on investment). In the same section, the organization's assets that remain after the end of the business project should be taken into account. In the article, the authors present the improvement of the model for forming business project indicators at the pre-project stage of evaluating the effectiveness of investments, taking into account all these aspects.

scholarly journals Feasibility study of the project of using own-produced mayonnaise at a public catering enterprise

2021 ◽  
Vol 37 ◽  
pp. 00067
Author(s):  
Natalia Bugaets ◽  
Igor Tereshchenko ◽  
Andrew Yakimenko ◽  
Ivan Bugaets
Keyword(s):  
Feasibility Study ◽  
Biologically Active ◽  
Capital Investments ◽  
Structural Elements ◽  
Sesame Seeds ◽  
Current State ◽  
Fixed Assets ◽  
Project Risks ◽  
Public Catering ◽  
The Cost

The relevance of the issue considered in the paper follows from the current state of development of public catering, when the recipe components of industrial production (sauces, seasonings, marinades, semi-finished products, etc.) are replaced by products produced at the enterprises of the food industry. The technology and formulations of fat and oil products of emulsion nature - mayonnaise, enriched with biologically active additives with high nutritional and functional properties have been developed. The paper substantiates an approach to the feasibility study for the production of mayonnaise for functional purpose using acid-soluble chitosan, protein concentrate from sesame seeds and β-carotene at public catering establishments. On the basis of production and financial plans, analysis of project risks, an assessment of the economic efficiency from the introduction and implementation of the developed technological solutions was made. The production plan includes the following structural elements: the volume of capital investments, the capacity of the enterprise, the program for the production and sale of products, wages, the cost of fixed assets, the cost of production and sales of products. The financial plan included the volume of project financing, calculations of taxes, cash receipts and payments.

scholarly journals Bank Loan as a Source of Financing an Investment Project

2019 ◽  
Vol 5 (12) ◽  
pp. 292-297
Author(s):  
S. Belyaev
Keyword(s):  
Russian Federation ◽  
Investment Project ◽  
Bank Loan ◽  
Project Financing ◽  
Investment Projects ◽  
Bank Financing ◽  
Literary Sources ◽  
Fixed Assets ◽  
The Russian Federation

The purpose of this article is to consider a bank loan as a source of financing for investment projects. To achieve this goal, the following tasks were solved: the structure of investments in fixed assets in the Russian Federation by sources of financing was investigated; the forms of bank financing of investment projects are characterized, types of project financing are identified depending on the distribution of risks between the bank and the borrower. During the study, the following methods were used: a review of literary sources, comparison and grouping.

Financial Analysis

2018 ◽  
pp. 152-192
Keyword(s):  
Risk Analysis ◽  
Feasibility Study ◽  
Final Stage ◽  
Financial Analysis ◽  
Investment Project ◽  
Theoretical Explanation ◽  
Fixed Costs ◽  
Working Capital ◽  
Manufacturing Costs ◽  
Basic Purpose

The market and technical analyses aim at finding out whether or not the conceived product of the investment project is marketable and that its production is technically feasible. If the product is marketable and the investment project is technically feasible, then a detailed financial analysis is required. The basic purpose of the financial analysis as the final stage of a feasibility study is three fold: (1) to compute the total amount of the investment needed for realizing the project and decide how it would be financed, (2) to estimate the total amount of annual manufacturing costs for the production process as well as the total amount of annual sales revenues expected during the operating period, and (3) to evaluate the profitability of the investment on the basis of the costs and sales revenues associated with the investment project. If the investment project is profitable, then a risk analysis is conducted to evaluate its riskiness so as to decide about its desirability. Accordingly, the financial analysis stage is the backbone of this book. However, a chapter that would include these three subjects must necessarily to be very large in size and complicated in content. Therefore, in order to prevent this complication and provide a clear theoretical explanation for the final stage of a feasibility study, the financial analysis stage is divided into three consecutive and complimentary chapters on the basis of the objectives stated above. Thus, this chapter is confined to the first objective in the sense of computing the total amount of investment in terms of the fixed capital (fixed costs) and the working capital, determining sources of financing, and estimating annual operating expenditures and expected sales revenues.

scholarly journals Methodology for Determining the Factors that Affect the Current State of Implementation of Investment Strategies in Public Administration

2019 ◽  
Vol 8 (6) ◽  
pp. 4484-4487
Keyword(s):  
Public Administration ◽  
Investment Project ◽  
Business Plan ◽  
State Regulation ◽  
Investment Strategies ◽  
Capital Investments ◽  
Business Plans ◽  
Investment Projects ◽  
Project Monitoring ◽  
Investment Process

The main feature of the modern state investment policy is the creation of conditions for extending extra-budgetary sources of financing of capital investments and attraction of investments of own and foreign investors in the economy of the country based on the further improvement of the regulatory framework and state support of productive investment projects. State regulation of the investment process is carried out to implement economic, scientific and social policies. The constructed classification can be used by the heads of public administration institutes in developing business plans for investment projects, creating a model for managing an investment project, monitoring the implementation of a business plan for an investment project, developing regulatory management decisions aimed at adjusting the business plan and actions of executors of the investment project.

scholarly journals Effectiveness assessment methodology financial processes in the digital economy

2021 ◽  
Vol 244 ◽  
pp. 10003
Author(s):  
Andrey Mandrykin ◽  
Yulia Pakhomova
Keyword(s):  
Methodological Approach ◽  
Investment Project ◽  
Electric Power Industry ◽  
Investment Efficiency ◽  
Efficient Operation ◽  
Investment Projects ◽  
Effectiveness Assessment ◽  
The Impact ◽  
Enterprise Investment ◽  
Positive Effect

In today’s rapidly changing world, the application of the achievements of scientific and technological progress, the development and implementation of investment projects become a competitive advantage and the key to the successful development of regions, clusters, corporations. In some of the most dynamic industries, investing becomes a matter of not just efficient operation, but also determines the presence of companies in the market. Applied research, and even more so fundamental, requires significant investments, the return on which at the first stages of the development and implementation of investment projects is difficult to predict. The end result is also obviously not predictable, which makes investing one of the most risky areas of activity of modern companies. Therefore, today the development and improvement of investment efficiency are the most important tasks. The institutional and economic environment of developing countries may not be the positive effect expected from attracting enterprise investment. These ambiguous results regarding the impact of investment form the motivation and problem of dissertation research. Identifying and improving methodological and economic parameters for increasing investment efficiency in the electricity industry will always be one of the main tasks for owners of enterprises and managers, which determines the relevance of the study. The article developed a methodological approach to assessing the efficiency of investment projects in the electric power industry taking into account the risks taken into account in calculating the discount rate for each phase of the life cycle of the project, which allows you to more accurately calculate the main indicators of the efficiency of the investment project.

scholarly journals Experience of practical application of the mechanism of price-dependent electricity consumption to increase the efficiency of investment projects at industrial enterprises in Russia

2019 ◽  
Vol 12 (3) ◽  
pp. 288-304
Author(s):  
A. P. Dzyuba
Keyword(s):  
Electricity Consumption ◽  
Investment Project ◽  
Economic Feasibility ◽  
Base Case ◽  
Baseline Scenario ◽  
Practical Application ◽  
Investment Projects ◽  
Industrial Enterprises ◽  
The Cost ◽  
Practical Feasibility

The article is devoted to the issue of improving the efficiency of the investment project for upgrading the area of quenching furnaces at an industrial enterprise through the mechanism of price-dependent electricity consumption. The article reveals the peculiarities of pricing for the purchase of electricity by industrial enterprises and substantiates the expediency of applying the organizational and economic tool for increasing energy efficiency – price-dependent electricity consumption. The economic example of the investment project implementation in the baseline scenario of the project and using price-dependent consumption is shown on a concrete practical example. Based on the price-dependent electricity consumption model, several combinations of equipment loading schedules for various shifts were calculated, on the basis of which tariffs for electricity purchase were determined, the value of which turned out to be significantly lower than the similar values in the base case. On the basis of the received price parameters for the purchase of electricity, the calculation of performance indicators and financial feasibility of the investment project was carried out. The results of the study allow to draw conclusions about the economic feasibility and practical feasibility of the developed tools of price-dependent electricity consumption, the use of which will reduce the cost of purchasing electricity for industrial enterprises and increase the efficiency of the investment projects being released.

scholarly journals SELECTION OF INVESTMENT PROJECTS IMPLEMENTATION OPTIONS

2020 ◽  
pp. 160-165
Author(s):  
A. V. Kozlovsky ◽  
N. A. Moiseenko ◽  
O. E. Astafieva
Keyword(s):  
Construction Industry ◽  
Implementation Process ◽  
Investment Project ◽  
Investment Efficiency ◽  
Construction Sector ◽  
Investment Activity ◽  
Investment Projects ◽  
Economic Justification ◽  
Reduced Costs ◽  
Selection Of

The main unresolved issues of choosing the most effective investment projects aimed at introducing innovative technologies have been considered. The traditional indicators of investment efficiency have been analysed. The expediency of using the indicator of the total reduced costs necessary for the implementation of the project has been substantiated. Attention has been paid to the possibilities of public-private partnership in innovation projects. The issues of shares distribution between participants in innovation and investment projects and the use of such objects have been reviewed. The current situation in the investment and construction sector of the economy has been assessed and ways to solve the main problems of investment activity in the construction industry have been outlined. The expediency of creating a mechanism for economic justification of the investment project implementation process, including the creation of reserve funds, has been substantiated. Recommendations for using the indicator of the of the investor’s total stated costs have been given.

scholarly journals Methodological Aspects of Evaluating the Social Effectiveness of Investments

2020 ◽  
Vol 11 (4) ◽  
Author(s):  
Natalya Kovalevskaya ◽  
Gennadiy Khomkalov
Keyword(s):  
Public Investment ◽  
Investment Project ◽  
The State ◽  
Capital Investments ◽  
Social Significance ◽  
Investment Projects ◽  
Social Sphere ◽  
The Social ◽  
Effective Use ◽  
Methodological Aspects

The article examines the issues of evaluating the effectiveness of investment projects implemented in the social sphere, specifically, approaches to decision-making on the inclusion of such projects in the state targeted investment programs on the basis of their social significance. We explored methodological aspects of evaluating investments directed to the implementation of state targeted programs that are designed to develop social and cultural sphere. The importance of the development of the public sector of the economy and the need for effective use of budget investment resources for this purpose are confirmed. The article provides a justification for the expediency of directing public investment in the form of capital investments in municipal property. The research studied the methods for evaluating the effectiveness of investment used in the framework of the state target program. The article provided an example of calculating the integral indicator of social efficiency of an investment project related to education and culture.

scholarly journals New Fixed Assets Investment Project Environmental Performance and Influencing Factors—An Empirical Analysis in China’s Optics Valley

2019 ◽  
Vol 16 (24) ◽  
pp. 4891 ◽  
Author(s):  
Fumin Deng ◽  
Yanan Jin ◽  
Meng Ye ◽  
Shuangyi Zheng
Keyword(s):  
Influencing Factors ◽  
Environmental Performance ◽  
Investment Project ◽  
Measurement Model ◽  
Assessment System ◽  
High Tech ◽  
Low Carbon ◽  
Investment Projects ◽  
Fixed Assets ◽  
The Government

Civilization prospers when the ecology prospers, and civilization decays when the ecology decays. As an effective indicator of sustainable development of economy and resource environment, environmental performance can comprehensively reflect the actual level of coordinated development of the economy and environment system. This paper exemplifies China’s Optics Valley to evaluate its environmental performances and research the influencing factors of new fixed assets investment projects, for which a new fixed assets investment project environmental performance assessment system was constructed. The measurement model for the system was constructed using a generalized data envelopment analysis (DEA) with undesirable output to evaluate the environmental performances of the new fixed assets investment projects in China’s Optical Valley from 2011 to 2016. The multi-regression model with eight environmental performance hypotheses was established to determine the key influencing factors and to propose targeted countermeasures to enhance low-carbon innovation and promote low-carbon economic development. The results indicated that implementing new fixed assets investment project energy conservation assessments and reviews in high-tech areas could assist companies and the government in achieving better management.

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