Improving the financial investment system as an object of business economics

2020 ◽  
Vol 26 (3) ◽  
pp. 508-526
Author(s):  
O.T. Astanakulov ◽  
E.G. Sheina
Keyword(s):  
Deductive Reasoning ◽  
Methodological Approach ◽  
Investment Project ◽  
Assessment Method ◽  
Expert Assessment ◽  
Business Economics ◽  
Financial Investment ◽  
Economic Relations ◽  
Investment Projects ◽  
Investment Control

Subject. This article explores the economic relations of economic entities concerning effective investment activities, combining elements of investment control and assessment of related risk. Objectives. The article aims to analyze and logically substantiate the stages and types of investment activities of enterprises and investment projects in-progress, as well as define a methodological approach to assessing project risks. Methods. For the study, we used a structural and logical analysis, and deductive reasoning. The methodological base of the study is based on the principles of the theory of finance, investment and risk management. Results. The article defines stages of assessing the financial condition of enterprises and proposes a methodological approach to assessing certain risks of an investment project based on the risk ranking by degree of probability and significance of an event through applying the expert assessment method. The article also presents a practice-oriented risk map for investment projects and clarifies the concept of Investment Control. Conclusions. The results of the study can help address the significant for the Russian economy issue of stimulating and developing investment activities at enterprises, as well as implementing and evaluating the effectiveness of investment projects at the micro-and macro-levels of the country's economy.

Creating methodological means of analyzing and evaluating the feasibility of investment projects

2020 ◽  
Vol 16 (10) ◽  
pp. 1900-1920
Author(s):  
O.T. Astanakulov ◽  
E.G. Sheina
Keyword(s):  
Capital Investment ◽  
Methodological Approach ◽  
Investment Project ◽  
Business Plan ◽  
Waste Recycling ◽  
Assessment Method ◽  
Expert Assessment ◽  
Monitoring Methods ◽  
Investment Projects ◽  
Long Run

Subject. The article discusses the economic relations of entities and investors in articulating and implementing an investment policy and managing the investment of financial resources. Objectives. We determine distinctions of creating and using a business plan of an investment project, illustrating the case of an industrial enterprise, and evaluate its performance indicators. The study also provides recommendations for mitigating investment risks identified in monitoring. Methods. Research is based on methods of the structural logic analysis and expert assessments. We hypothesize that a new investment project will be more effectively developed and implemented if there is a correct and appropriate business plan of the project and inherent investment risks are pre-assessed. Results. We analyzed statistical and dynamic methods for evaluating investment projects, found their strengths and weaknesses. Consequently, we selected optimal financial results of investment project studies, which are presented as business plans. The article sets out the methodological approach to ranking investment project risks through materiality and probability indicators, which are point-based and depend on the expert assessment method. This will allow for a more detailed classification of all risks associated with capital investment. Conclusions and Relevance. The article presents the assessment and rationale of the business plan on the investment project for industrial waste recycling, through a set of methods for evaluating the effectiveness of the investment project, so as to improve financial position and liquidity of the enterprise in the long run.

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.

SOCIO-ECONOMIC SITUATION OF THE REGIONS INTERACTING WITHIN THE FRAMEWORK OF THE INTEGRATED INVESTMENT PROJECT “YENISEI SIBERIA”

2020 ◽  
Vol 2 (12) ◽  
pp. 123-130
Author(s):  
S. P. MONGUSH ◽  
Keyword(s):  
Economic Development ◽  
Regional Economics ◽  
Investment Project ◽  
Spatial Development ◽  
Economic Agents ◽  
Economic Relations ◽  
Investment Projects ◽  
Socio Economic Development ◽  
Spatial Aspect ◽  
Economic Ties

Socio-economic relations in the context of market changes give rise to other types of interactions between neighboring regions in the general spatial aspect of the country's development. The market system itself creates a new nature of competitive interactions between various economic agents, accordingly, differentiation between entities increases, all this is characterized by new transformations to minimize this situation at the level of the country and regions. Therefore, recently the regions began to activate their potential capabilities by coordinating actions in a single direction, and one of such integral projects is the Yenisei Siberia complex investment project (KIP ES). The purpose of this study is to study the foundations of the socio-economic development of interacting regions. The research is based on the fundamental provisions of the theory and methodology of socio-economic development, the theory of interaction and scientific research in the field of regional economics. Various methods were used in the study, such as comparative analysis, graphical and tabular methods. To study the aspects of socio-economic development, the participants of the KIP "ES" were considered: Krasnoyarsk Territory, Republic of Khakassia, Republic of Tyva. The project participants have the prospects of cross-border cooperation in the spatial development of the country, and one of the participants has the potential to open an "international corridor" to Mongolia and China due to its peripheral territorial position. The interaction of three subjects of the Russian Federation of different levels of socio-economic development: the developed Krasnoyarsk Territory, the developing Republic of Khakassia and the underdeveloped Republic of Tyva - as a result of the implementation of investment projects included in the EU CIP, will increase the economic potential, strengthen economic ties in the spatial development of territories.

OPTIMAL SELECTION METHOD FOR INVESTMENT PROJECT

2010 ◽  
Vol 8 (1) ◽  
pp. 21-36
Author(s):  
Vytautas Jonas Žilinskas
Keyword(s):  
Investment Project ◽  
Financial Economic ◽  
World Market ◽  
Modern World ◽  
Investment Activity ◽  
Investment Projects ◽  
Investment Control ◽  
Modified Method ◽  
Complex Evaluation ◽  
Priority Allocation

Under the modern world market conditions the investment activity of enterprises is increasing. Therefore, one of the main aspects of the investment activity guarantee is a selection and apprehension of the main principles of the investment control and possi-bilities of different uses of the investment instruments. For the optimum selection of the investment projects it is suggested to use a formalistic experimental author’s modified method of priority allocation and selection, which gives an opportunity to evaluate the investment project according to different partial criteria and their meaning of importance. Working out this way a complex evaluation of each chosen investment project is obtai-ned. Using the suggested MPSP (modified method of priority allocation and selection) the investment projects are evaluated with qualitative and quantitative criteria. So this method can be used when qualitative criteria of evaluation are predominated. Formalis-tic methods of analysis cannot be used to establish quantitative criteria and those small projects when it is relatively too expensive to apply other usual methods of the financial economic analysis. Method MPSP selection is universal and ordinary so it can be used to establish the efficiency of different projects, to classify projects, to model the strategy of the state economy. If you like to control the realization of the chosen investment project more effectively and rationally it is suggested to use PERT (Program Evaluation and Review Technique).The main control elements of the investment project are reviewed in the article using PERT which is useful to draw up an optimistic reticular schedule of the investment work implementation.

scholarly journals JUSTIFICATION FOR CHOOSING THE DISCOUNT RATE IN INVESTMENT ANALYSIS

2021 ◽  
pp. 21-28
Author(s):  
Светлана Викторовна Кузина ◽  
Павел Константинович Кузин
Keyword(s):  
Discount Rate ◽  
Economic Efficiency ◽  
Methodological Approach ◽  
Investment Project ◽  
Cash Flows ◽  
Present Value ◽  
Investment Projects ◽  
The Future ◽  
Value Of Cash ◽  
Future Value

Статья посвящена вопросам выбора ставки дисконта для приведения будущей стоимости денежных потоков к настоящей стоимости с помощью коэффициента дисконтирования. Целью исследования является анализ и обоснование выбора численного значения ставки дисконта в зависимости от источников финансирования инвестиционного проекта. Авторами приведены практические рекомендации по выбору метода оценки экономической эффективности привлечения инвестиций как для экономически обособленного инвестиционного проекта, так и для инвестиционного проекта, интегрированного в действующее предприятие. Научная новизна полученных результатов заключается в разработке методического подхода к выбору численного значения ставки дисконта для приведения будущей стоимости денежных потоков к настоящей стоимости с помощью коэффициента дисконтирования и к выбору приоритетного метода оценки экономической эффективности для экономически обособленных и интегрированных в действующее предприятие инвестиционных проектов. The article is devoted to the issues of choosing the discount rate for bringing the future value of cash flows to the present value using the discount coefficient. The purpose of the study is to analyze and justify the choice of the numerical value of the discount rate depending on the sources of financing of the investment project. The authors provide practical recommendations on the choice of a method for assessing the economic efficiency of attracting investment both for an economically isolated investment project and for an investment project integrated into an operating enterprise. The scientific novelty of the obtained results consists in the development of a methodological approach to the choice of the numerical value of the discount rate for bringing the future value of cash flows to the present value using the discount coefficient and the choice of a priority method for assessing economic efficiency for both economically isolated and integrated investment projects in an operating enterprise.

scholarly journals Development of a structural-functional model for the implementation of the methodological approach to assessing the business network effectiveness

2020 ◽  
Vol 18 (4) ◽  
pp. 41-49 ◽  
Author(s):  
Valeria Dykan ◽  
Oleksandr Pakharenko
Keyword(s):  
Methodological Approach ◽  
Functional Model ◽  
Assessment Method ◽  
Network Activity ◽  
Qualitative Assessment ◽  
Expert Assessment ◽  
Business Organization ◽  
Effective Management ◽  
Business Network ◽  
Network Effectiveness

During the economic crisis, to ensure sustainable development, the use of network forms of business organization in Ukraine is one of the most effective. However, given that business networks are hierarchical organizations, the problem of continuous monitoring of economic activity is updated to make the necessary effective management decisions. In this paper, using the structural and functional modeling method, a model is developed, which is an integral part of the methodological approach to assessing the business network effectiveness. The model combines empirical, theoretical and mathematical approaches to assessing the effectiveness of the network-based business organization and is based on a combination of qualitative and quantitative characteristics of business network activity. This approach ensures the objectivity of evaluating the properties of its functioning. A system of factors for a qualitative assessment of the effectiveness of a business network functioning was determined by an expert assessment method involving 40 managers of four companies in Ukraine. Determining the result deviations, in comparison with the accepted factors of the qualitative characteristics of networks, reveals the existing trends in the development of future events in terms of the risk of certain types of the business network activity. The results obtained are practical and will be useful for business network managers in developing an effective management strategy.

scholarly journals Formation of the enterprise investment strategy

2021 ◽  
Vol 83 (2) ◽  
pp. 237-242
Author(s):  
Y. V. Pakhomova ◽  
N. N. Kudryavtseva ◽  
Y. N. Duvanova
Keyword(s):  
Life Cycle ◽  
Discount Rate ◽  
Methodological Approach ◽  
Investment Project ◽  
Electric Power Industry ◽  
Investment Strategy ◽  
Financial Risks ◽  
Systematic Analysis ◽  
Investment Projects ◽  
Modern Methods

Currently, modern methods used to evaluate the effectiveness of investment projects are most focused on quantitative assessment, do not take into account the peculiarities of project implementation at different stages, and also lack the ability to take into account investment risks in conditions of sectoral characteristics. Risks are associated with postponing the implementation of the investment project over time, so taking into account uncertainties should be an integral part of the assessment of the effectiveness of projects. When creating and implementing an investment project, it is necessary to take into account innovative, commercial, technical and technological, financial risks. Therefore, it is proposed to improve the methodology for assessing efficiency based on the risks taken into account in calculating the discount rate for each phase of the life cycle of the project. In the article, the authors substantiated the need to apply systematic analysis, modern methods, a methodological approach to assessing the effectiveness of investment projects in the electric power industry, taking into account the risks taken into account when 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. The main indicators of evaluation of investment projects efficiency and factors influencing decision-making on investment projects, such as inflation, discounting ratios of the corresponding investment sphere, are considered. 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.

Developing the basis of the matrix model of the regional innovation subsystem

2020 ◽  
Vol 18 (11) ◽  
pp. 2183-2204
Author(s):  
E.I. Moskvitina
Keyword(s):  
Russian Federation ◽  
Matrix Model ◽  
Federal District ◽  
Assessment Method ◽  
Expert Assessment ◽  
Regional Innovation ◽  
Regional Strategies ◽  
Analysis And Synthesis ◽  
The Matrix ◽  
The Russian Federation

Subject. This article deals with the issues related to the formation and implementation of the innovation capacity of the Russian Federation subjects. Objectives. The article aims to develop the organizational and methodological foundations for the formation of a model of the regional innovation subsystem. Methods. For the study, I used the methods of analysis and synthesis, economics and statistics analysis, and the expert assessment method. Results. The article presents a developed basis of the regional innovation subsystem matrix model. It helps determine the relationship between the subjects and the parameters of the regional innovation subsystem. To evaluate the indicators characterizing the selected parameters, the Volga Federal District regions are considered as a case study. The article defines the process of reconciliation of interests between the subjects of regional innovation. Conclusions. The results obtained can be used by regional executive bodies when developing regional strategies for the socio-economic advancement of the Russian Federation subjects.

GEOGRAPHY OF FREE ECONOMIC ZONES:WORLD EXPERIENCE AND UZBEKISTAN

2020 ◽  
Vol 4 (3) ◽  
pp. 40-51
Author(s):  
Shaxzod Ibragimov ◽  
◽  
Quvonchbek Sag`dullayev ◽  
Bibisora Sadibekova
Keyword(s):  
Geographical Location ◽  
Investment Climate ◽  
Natural Conditions ◽  
Economic Relations ◽  
Investment Projects ◽  
Free Economic Zone ◽  
Economic Zone ◽  
Economic Zones

This article describes geographical foundations of free economic zones. Each free economic zone has a unique economic geographical location, natural conditions and resources. These factors play an important role in the development of free economic zones. Various forms of free economic zones in world countries, territorial investment conditions, their level favorableness and investment climate, maintaining foreign economic relations, as well as the development of investment projects are determined by the geographical indicators of free economic zones

نماذج المحاكاة- محاكاة مونتي كارلو- كأسلوب كمي من أساليب النمذجة واتخاذ القرارات - مقاربة نظرية وتطبيقية

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
محمد الأمين ◽  
بن حامد عبد الغني ◽  
مراس محمد
Keyword(s):  
Monte Carlo Simulation ◽  
Monte Carlo ◽  
Quantitative Methods ◽  
Practical Importance ◽  
Investment Project ◽  
Simulation Method ◽  
Period Analysis ◽  
Investment Projects ◽  
Monte Carlo Simulation Model

Our research aims to try to present the modeling mechanisms in the field of simulation and quantitative methods. The research is a presentation of the role of quantitative methods in making investment project evaluation decisions, more than that and is the use of the Monte Carlo simulation model in evaluation and multi-period analysis of investment projects under conditions Risk and uncertainty. And highlighting the theoretical, scientific and practical importance of the Monte Carlo simulation method in particular, and the importance of using quantitative methods in helping to make decisions in general

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