scholarly journals ESTIMATING ECONOMIC EFFICIENCY OF ENTERPRISESE FUNCTIONING

2021 ◽  
pp. 7-10
Author(s):  
Юліана Шеянова ◽  
Еліна Шеянова
Keyword(s):  
Economic Efficiency ◽  
Investment Project ◽  
Cost Benefit ◽  
State Regulation ◽  
Investment Projects ◽  
Industrial Enterprises ◽  
Production Activity ◽  
Basic Approaches ◽  
Evaluation Mechanism ◽  
Social Environmental

The article analyzes the essence and importance of the mechanism of estimation of production activity efficiency in a modern industrial enterprise. The main aggregated indicators of complex evaluation of economic efficiency of enterprises are determined. In accordance with the prevailing instruments and means of public administration, the main mechanisms of state regulation of the analyzed industry are identified. The theoretical principles of the concept of "enterprise efficiency" as a property and ability of the enterprise to formulate and achieve their goals, taking into account the influence of external factors and using internal conditions of functioning, to achieve the set tasks, using all available resources and means for solving social, environmental, budgetary and other problems of both society and enterprise at the established cost-benefit ratio. The basic theoretical and methodological approaches to the estimation of economic efficiency of enterprises are considered. The basic approaches to the estimation of efficiency of production activity of the enterprise are analyzed and systematized. It is proposed to use econometric modeling to improve the reliability of the estimation of the efficiency of production activity. The expediency of carrying out such an assessment by determining the dependence of the production activity efficiency on the partial indicators of the evaluation mechanism in modern industrial enterprises based on traditional and multifactorial approaches is substantiated. The basic elements of estimation of efficiency of production activity of the enterprise are selected and the integral index of estimation of efficiency of production activity is defined. The main approaches to establishing the essence of economic attractiveness and economic efficiency of investment projects are investigated in the article. It is established that the purpose of assessing economic attractiveness is to determine the efficiency of use of public resources within the project, economic efficiency - to assess the feasibility of using scarce (limited) resources of society in the framework of a specific project. The views of scientists on the choice and characteristics of indicators of evaluating the economic efficiency of functioning of enterprises for the purpose of conducting a comprehensive analysis are investigated. Methodical approaches to assessing the economic attractiveness and cost-effectiveness of investment projects are explored. The main stages of evaluating the economic attractiveness and efficiency of the investment project have been established.

scholarly journals INVESTMENT DESIGN AS A BASIS FOR THE FORMATION OF INVESTMENT ATTRACTIVENESS OF AN INDUSTRIAL ENTERPRISE

2021 ◽  
pp. 36-40
Author(s):  
Ірина Федоренко ◽  
Євгенія Шкарупа ◽  
Катерина Шляпцева
Keyword(s):  
Economic Efficiency ◽  
Investment Decision ◽  
Market Competition ◽  
Investment Project ◽  
Business Plan ◽  
Industrial Enterprise ◽  
Investment Projects ◽  
Industrial Enterprises ◽  
Project Analysis ◽  
Definition Of

The article investigates the financial and economic essence of investment design and proves that having the diversity and abundance of sources of financing of various projects and programs in industrial enterprises there is an urgent need to form their investm ent attractiveness, which should be embodied in the form of an investment project. The main approaches to the definition of the concept of investment project are analyzed and the author's definition of this concept is given. The groups of methods for assessing the economic efficiency of investment projects, which allow to assess its economic efficiency, which increases the investment attractiveness of prospective domestic and foreign investors. Typical errors that may occur in the calculation of performance indicators of the investment project and adversely affect the investment attractiveness of an industrial enterprise are highlighted. It is proved that one of the most important and defining stages of the project cycle of investment design is project analysis, which is a set of methodological measures and techniques used for the preparation and justification of investment decisions. The main types of analysis that should be included in the project analysis of the investment project ar e defined. It is concluded that after all the studies preceding the investment decision, it is necessary to draw up a certa in final document that will allow the investor and the entrepreneur not only to accept, but also to fix, and when to be done to justify the hopes for the effective ness of the investment project. For this purpose, a standard document is drawn up, in which the concept of a real investment project – a business plan-is substantiated in detail. The business plan developed in the article makes it possible to find out the viability of the project in the conditio ns of market competition, contains guidelines for the further development of the enterprise, and is the main condition for the formation of investment attractiveness of an industrial enterprise in the modern investment climate of Ukraine.

scholarly journals DETERMINATION OF OPTIMAL FUNDING SOURCES FROM A SET OF ALTERNATIVES

2021 ◽  
pp. 55-63
Author(s):  
N. Koshevsky
Keyword(s):  
Capital Structure ◽  
Economic Efficiency ◽  
Investment Project ◽  
Point Of View ◽  
Practical Case ◽  
Baseline Scenario ◽  
Investment Projects ◽  
Funding Sources ◽  
Return On Capital ◽  
The Impact

The introduction provides a brief review of the literature on methods for assessing the effectiveness of investment projects, based on which the choice of optimal sources of financing is made. In the main part of the work, various scenarios for the implementation of an investment project are disclosed: sources of financing that are alternative to the baseline scenario are attracted. In the final part of the work, the considered scenarios are assessed and conclusions are drawn.For each enterprise, improving the financial and economic efficiency of its activities is one of the priority tasks. These tasks include the need to increase the return on capital, the choice of funding sources that have a positive effect on economic efficiency. This paper examines the ways of choosing the optimal, from the point of view of the impact on economic efficiency, instruments for financing an investment project. A practical case of project financing with an assessment of the effectiveness of the implementation of an investment project is considered. To analyze the alternatives, a financial business model was developed, which allows you to quickly make changes, update performance indicators and make decisions about the required capital structure. It is concluded that the optimal capital structure with the highest NPV indicator and that when assessing the efficiency parameters, it is necessary to make an adjustment for the possible presence in the company's capital structure of funding sources that distort the comparability of the project in relation to projects without such sources (for example, budget grants).

Investment analysis

2018 ◽  
Author(s):  
Виктор Серов ◽  
Viktor Serov ◽  
Екатерина Богомолова ◽  
Ekaterina Bogomolova ◽  
Наталья Моисеенко ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Economic Efficiency ◽  
Portfolio Management ◽  
Financial Support ◽  
Legal Protection ◽  
State Regulation ◽  
Investment Analysis ◽  
Investment Activity ◽  
Business Plans ◽  
Investment Projects

The basic provisions and the content of economic analysis in the process of investment activities of enterprises and organizations. The article reveals the concept and content of investment and investment activity, considers the main tools of economic calculations and justifications during the investment analysis, methods of analysis of the investment market, forms and methods for determining, calculating and analyzing the economic efficiency of investment projects, sources of financial support for investments and evaluation of their value, portfolio management, the content of business plans of investment projects, methods and forms of state regulation of investment activity and legal protection of investments.

scholarly journals Experience in Evaluating the Project on Research Infrastructure of the Center for Collective Use for the Production of Catalysts

2020 ◽  
pp. 560-570
Author(s):  
Tatyana S. Novikova ◽  
Aleksandr O. Baranov ◽  
Maria V. Korolkova
Keyword(s):  
Economic Efficiency ◽  
Technological Development ◽  
Synergistic Effects ◽  
Cash Flows ◽  
Government Support ◽  
Research Infrastructure ◽  
Successful Implementation ◽  
Investment Projects ◽  
Catalyst Production ◽  
Social Environmental

The infrastructural component of Russia’s scientific and technological development requires a significant update of the methodology for evaluating the relevant investment projects. The article covers the issue of simultaneous assessment of financial and economic efficiency of research infrastructure projects and justification of the need for government participation for successful implementation of such projects. The suggested methods and models are based on the transition from financial to economic indicators of the project through the adjustment of cash flows, identification of public effects significant for such projects (social, environmental, indirect, price, tax), and allocation of synergistic effects in their composition. These methods and models were tested for the innovative project of the Center for Collective Use “Experimental Catalyst Production”, which was proposed by the Institute of Catalysis in 2018 within the framework of the Novosibirsk regional programme “Akademgorodok 2.0”. The results show that the stimulation of investment in research infrastructure is justified by a significant excess of the project economic efficiency compared to its financial efficiency and it significantly depends on the choice of an adequate mechanism for government support

scholarly journals Methods of multi-criteria evaluation of economic efficiency of investment projects

2021 ◽  
pp. 93-98
Author(s):  
Oksana Isai ◽  
Olha Romashko ◽  
Andriy Semenov ◽  
Tetiana Sazonova ◽  
Ivanna Podik ◽  
...  
Keyword(s):  
Economic Efficiency ◽  
Investment Project ◽  
Optimal Investment ◽  
Stable Operation ◽  
Investment Activity ◽  
Investment Projects ◽  
Advantages And Disadvantages ◽  
Investment Option ◽  
Fierce Competition ◽  
High Level

In the context of globalization and fierce competition in world markets, the high level of investment activity in the country is a key to economic and innovative development. The high level of wear and tear of fixed assets in developing countries gives special relevance to solving the problem of attracting investments for production development. Hence, for the investment management system choosing an optimal variant among several available investment projects is one of the most responsible stages of ensuring the stable operation and sustainable development of an enterprise. In this regard, the aim of the article is to develop a comprehensive multi-criteria approach to choose the best investment option. The article analyzes the existing methodological approaches to assess the economic efficiency of the investment projects, identifies their advantages and disadvantages. A multi-criteria method of investment project evaluation is proposed, which is characterized by the absence of restrictions on the number of individual evaluation indicators and the possibility for the investor to determine the significance of every indicator using weights independently. The use of the proposed methodology by enterprises will improve the quality of management decisions at the stage of choosing the optimal investment option.

scholarly journals NSR and NSTC projects: environmental and economic efficiency assessment of the goods’ overseas transportation

2021 ◽  
Vol 112 ◽  
pp. 00025
Author(s):  
Sergey Nikonorov ◽  
Alexander Krivichev ◽  
Vladimir Sidorenko
Keyword(s):  
Economic Efficiency ◽  
Investment Project ◽  
Payback Period ◽  
Fuel Oil ◽  
Environmental Damage ◽  
Investment Projects ◽  
Efficiency Assessment ◽  
Digital Format ◽  
State Corporation ◽  
Cargo Transportation

The authors attempt to assess the environmental and economic efficiency of investment projects for the goods transportation by the northern seas of Russia taking into account the relevance of the topic of cargo transportation by means of the “Northern Sea Route” (NSR) and new concept of the digital format of the “Northern Sea Transit Corridor” (NSTC) implemented by the “Rosatom” State Corporation. The structure of import-export and transit traffic by the NSR in 2020 is considered. The goal of the article is to evaluate the efficiency of investment project for the goods transportation forwards and backwards by the NSR from Murmansk city to PetropavlovskKamchatsky city using the example of the “Andrey Osipov” shipping facility. Some indicators were assessed: planned revenue, payback period; NPV, environmental damage. The following results are obtained: the payback period is 10 years; by using the naval fuel oil over a ten-year period, 1101.6 tons of SOx, 143.1 tons of CO2, 288.9 tons of NOx will be emitted. In addition, the authors propose an innovative approach to creation of ships from new materials and technologies based on the modern paradigm of “Accelerated Digital Certification”.

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 Formation of mechanisms for state regulation of environmental investment activities in the region

2021 ◽  
Vol 284 ◽  
pp. 11011
Author(s):  
Salima Makhosheva ◽  
Marina Kandrokova ◽  
Zaur Ivanov ◽  
Anzor Sabanchiev ◽  
Saida Shardan
Keyword(s):  
Municipal Government ◽  
Sufficient Conditions ◽  
Well Being ◽  
Economic Security ◽  
State Regulation ◽  
Environmental Orientation ◽  
Investment Projects ◽  
Industrial Enterprises ◽  
Modern Development ◽  
Almost All

The modern development of the Russian economy is characterized by conditions of socio-ecological and economic development, which create the preconditions for the formation of such a system of using natural resources in the processes of industrial production and consumption, which will be distinguished by rationality, ensure not only environmental, but also economic security of society, the well-being of the present and future generations of the population, assume the creation of necessary and sufficient conditions for sustainable development, which, in turn, will require the introduction of not only economic, technical, technological, social and other transformations, but also changes in the mechanisms of state control and regulation of investment processes of environmental orientation. In our opinion, the greatest improvement should be subject to the regulatory and legal mechanism of both state regulation and, in particular, local public self-government. This need is explained by the fact that in the territories of municipalities, there are sources of environmental pollution and industrial enterprises implementing eco-efficient investment projects. However, as the analysis of the regulatory framework has shown, almost all documents regulating the activities of municipal government bodies in the investment and environmental spheres are approved by laws and resolutions of the governments of the regions in which the municipalities are located. Hence, it can be concluded that the improvement of the regulatory mechanism of state and public regulation should be carried out in a comprehensive manner for both the regional and municipal levels of government.

scholarly journals Preliminary criteria for the energy sector: environmental and economic efficiency of investment projects

2021 ◽  
Vol 343 ◽  
pp. 07014
Author(s):  
Anzhelika Karaeva ◽  
Elena Magaril ◽  
Vincenzo Torretta ◽  
Elena Cristina Rada
Keyword(s):  
Economic Efficiency ◽  
Global Economy ◽  
Selection Process ◽  
Investment Project ◽  
Economic Assessment ◽  
Energy Sector ◽  
Assessment Process ◽  
Energy Investment ◽  
Investment Projects ◽  
Efficiency Assessment

Ecological and economic assessment is a key stage in the selection process of investment projects as it defines their efficiency and allows to forecast their likely impact on the environment and the socio-economic situation of the territory. Approaches to the efficiency assessment of investment projects include only basic criteria and do not sufficiently consider industryspecific. The energy sector is a significant primary sector in the global economy that directly affects the standard of living, energy resources availability for population and for the productive sector of economy and has a considerable impact on the environment. Therefore, the efficiency assessment process of investment project in the energy industry should comprise criteria which will respond to the branch specificity and provide accurate data about potential environmental and socio-economic consequences of project’s implementation in both the short and the long-term run. The paper aims to propose a list of environmental criteria for improving the process of the ecological and economic efficiency assessment of energy investment projects, considering also the Circular Economy concepts. The list is based on the results of the expert survey carried out by the authors and might be used for multiple-criteria decision analysis of the investment projects.

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.

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