scholarly journals INVESTMENTPROJECTS IN LOGISTICS SYSTEMS

2020 ◽  
pp. 45-54
Author(s):  
Yuliya Prykhno ◽  
Keyword(s):  
Research Topic ◽  
Reproductive Structure ◽  
Production Potential ◽  
Management Tools ◽  
Investment Projects ◽  
Logistics Systems ◽  
Business Entities ◽  
Public Production ◽  
Many Sources ◽  
Investment Process

Scientists have researched and scientificallysubstantiated the significant effect of the use of project management tools on all business entities and on the country's economy as a whole. At the same time, in modern conditionsactive economic development and turbulenceenvironment, lead to the fact that considerable attention should be given tothe strategic line of conduct of enterprises. The strategy allows to take into account the capabilities of the enterprise, as well as investment projects in various strategic business areas. Despite the fact that many sources describe the process of the development of logistics systems through investment projects; in practice it is very difficult to implement.For the implementation of investment projects of the enterprise it is necessary to present this process in the form of a set of formalized procedures or in the form of step-by-step sequence of actions for choosing the best option for an investment project.This problem is especially relevant for logistics systems, because their activities are carried out in the form of many projects. Increasing the volume of investments and improving the efficiency of investment management in logistics systems is one of the fundamental conditions for reducing the duration of the production and sales cycle, which creates the preconditions for economic growth by accelerating the turnover of funds. The production potential of economic entities, their efficiency, and hence the sectoral and reproductive structure of all public production will largely depend on the investment projects, both at the micro and at the macro logistical level.Unsolved in practical terms of the problem of improving the investment process and management of investment activities in logistics systems, the need to develop a methodology for analyzing and modeling the investment activities of logistics systems in the context of the transformation of the economy, as well as insufficient coverage of this problem in domestic and foreign literature determined the relevance of the research topic.

Design Thinking as a Tool for the Analysis of Project Risks

2019 ◽  
Vol 16 (6) ◽  
pp. 60-77
Author(s):  
E. V. Vasilieva ◽  
T. V. Gaibova
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Design Thinking ◽  
Management Tools ◽  
Project Risk ◽  
Team Members ◽  
Investment Projects ◽  
Risk Management Process ◽  
Project Objectives ◽  
Project Risk Analysis

This paper describes the method of project risk analysis based on design thinking and explores the possibility of its application for industrial investment projects. Traditional and suggested approaches to project risk management have been compared. Several risk analysis artifacts have been added to the standard list of artifacts. An iterative procedure for the formation of risk analysis artifacts has been developed, with the purpose of integrating the risk management process into strategic and prompt decision-making during project management. A list of tools at each stage of design thinking for risk management within the framework of real investment projects has been proposed. The suggested technology helps to determine project objectives and content and adapt them in regards to possible; as well as to implement measures aimed at reducing these risks, to increase productivity of the existing risk assessment and risk management tools, to organize effective cooperation between project team members, and to promote accumulation of knowledge about the project during its development and implementation.The authors declare no conflict of interest.

Tax incentives of China’s investments in Zabaykalsky Krai: implementation of behavioral economic models

2020 ◽  
pp. 69-84
Author(s):  
Evgeniya Mikhailovna Popova ◽  
Irina Vitalevna Mezentseva
Keyword(s):  
Behavioral Economics ◽  
Tax Incentives ◽  
Human Mind ◽  
Investment Climate ◽  
Investment Activity ◽  
Investment Projects ◽  
Tax Incentive ◽  
Regional Budget ◽  
Subjective Aspect ◽  
Investment Process

Currently, the Russian regions apply a vast array of tools for regulating the investment process, including tax incentives. Active use of tax preferences is dictated by the fact that in the conditions of regional budget deficit, tax incentives, unlike subsidies, do not require direct budget expenditures for stimulating investment activity. However, the world experience demonstrates that tax incentives do not fall under the group of factors that strongly affect investment decisions. For determining the degree of preference of tax incentives in relation to other measures of regional support, a survey was carried among Chinese investors, who implement investment projects on the territory of Zabaykalsky Krai. The survey was based on a method of hierarchical analysis based on the special matrices by filed in by the investors. The acquired results displayed that out of ten measures of state support, tax incentives hold the eighth place. The calculated coefficient of the significance of tax incentives testifies to the low attractiveness of fiscal stimuli for the Chinese investors. The authora attempted to find the reasons for tax incentive not being in demand. The scientific novelty of this work consists in conducting the analysis of regional legislation that regulates the order of granting investment tax incentives based on the concept of behavioral economics. In the course of application of the provisions of behavioral economics, emphasis was made on the subjective aspect of the mechanism of preferential taxation. The reasonableness of considering such peculiarities of human mind as cognitive inertia and relativity is substantiated with regards to arranging the structure of tax incentives that would allow increasing the importance of tax incentives in formation of investment climate on the territory of Zabaykalsky Krai. The authors make recommendations on increasing the attractiveness of tax incentives among Chinese investors based on the concept of reference point and the effect of loss aversion.

scholarly journals Do Callable Convertibles Support The Investment Process Of A Company? An Analysis Of The World Market Of Hybrid Debt

2017 ◽  
Vol 20 (2) ◽  
pp. 5-19
Author(s):  
Damian Kaźmierczak
Keyword(s):  
United States ◽  
The United States ◽  
World Market ◽  
Convertible Bonds ◽  
Investment Projects ◽  
Service Companies ◽  
The World ◽  
Investment Process ◽  
A Company

Using a sample of 1,705 convertible bonds issued by manufacturing and service companies from the United States (1,138 issues); Europe (270); and Asia (297) between 2004 and 2014 this paper investigates the role of callable convertibles in the corporate investment process. This research shows first that callable convertibles are used to finance investment projects particularly by American firms which may exercise new investment options to improve poor financial performance. Secondly, the same strategy may be followed by European companies, but they seem not to carry out investments on as large a scale as American firms. Thirdly, the research results do not provide evidence that Asian enterprises use callable convertibles for investment purposes: they likely use these instruments for different reasons.

Environmentally and Socially Oriented Investments on Sustainable Development of Rural Areas

2021 ◽  
Vol 12 (2) ◽  
pp. 321
Author(s):  
Valentyna ARANCHIY ◽  
Oleksii ZORIA ◽  
Ilona YASNOLOB ◽  
Svitlana ZORYA ◽  
Oleg GORB ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Rural Development ◽  
Rural Areas ◽  
Investment Policy ◽  
Sustainable Rural Development ◽  
Economic Mechanism ◽  
Investment Projects ◽  
Ecological Aspects ◽  
Block Scheme ◽  
Investment Process

Theoretical, methodological, scientific, methodical and applied principles of managing environmentally and socially oriented investments in sustainable development of rural areas have been developed and substantiated in the article. The model of investment process of ecologically and socially oriented economy has been developed. The analysis of corresponding existing models of investment process enabled to specify the management model, which corresponds to the environmentally and socially oriented economics. The block scheme of the system of analyzing and evaluating the efficiency of investment processes of sustainable rural development has been made. The determined methodological provisions and specified concepts enabled to ground the system of complex analyzing and assessing the effectiveness of investment processes in sustainable development of rural areas, including the evaluation of economic, social and environmental efficiency of investment projects. The mechanism of sustainable rural development, comprising consolidated elements and connections, has been grounded. The ecological aspects of investment policy as a component of the economic mechanism of sustainable rural development have been systematized. It has been determined that attracting investments in environmentally and socially oriented investment projects and programs has to be based on strengthening the ecological aspects of investment policy as part of stimulating sub-system of the economic mechanism of sustainable rural development.

USING PROJECT MANAGEMENT TOOLS TO IMPROVE THE EFFICIENCY OF INVESTMENT PROJECTS IN CONSTRUCTION

2021 ◽  
Vol 14 (1) ◽  
pp. 83-88
Author(s):  
Svetlana Mikhailovna SYCHEVA ◽  
◽  
Elena Yury’evna KUZMINA ◽  
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Integrated Approach ◽  
Construction Sector ◽  
Management Tools ◽  
Investment Projects ◽  
Key Characteristics ◽  
Project Costs ◽  
Team Project ◽  
Key Indicators

The article discusses the features of the implementation of investment projects in the construction industry, the main trends in project management in this area. The importance of the construction industry for the country’s economy is substantiated, the key indicators of the construction sector and its contribution to GDP are highlighted. The analysis of the development of the construction industry for the period from 2009 to 2020 is carried out. The reasons for the decrease in investment in construction are identified, among them the most important ones are highlighted. In the article discusses the key characteristics of the construction industry in our country. The conclusion is made about the need for a systematic and integrated approach to the management of investment projects. The authors propose to use the tools of project management to improve the efficiency of the implementation of investment projects. The main tools of project management (tools for defragmentation of work, tools for managing the time in the project, tools for managing resources for project implementation, tools for managing project costs) are named and examples of their use are given. The concepts of «team», «project management team», «matrix of responsibility» are considered.

scholarly journals EXPLANATION OF THE BENEFIT OF THE INVESTMENT PROJECT ON THE CASH BASIS / IZRAŽAVANJE KORISTI INVESTICIONOG PROJEKTA NA GOTOVINSKOJ OSNOVI

2019 ◽  
Vol 16 (2) ◽  
Author(s):  
Dijana Kremenović
Keyword(s):  
Growth And Development ◽  
Investment Decision ◽  
Investment Decisions ◽  
Investment Project ◽  
Capital Budgeting ◽  
Investment Activity ◽  
Investment Projects ◽  
Investment Process ◽  
Additional Value ◽  
Cash Basis

Decisions about the choice of investment projects can significantly affect the destiny of the company, its competitive position in the market, market participation, the direction of further technological development, and even the survival of the company. The aim of this paper is, in the conditions of the current economic reality, to point out the significance of the choice of methods of expressing the benefit of an investment project. In this sense, we have explained in detail all currently applicable methods for assessing the viability of investment projects on a cash basis, comparing the good and bad sides of all the methods presented. In this connection, we especially pointed out the importance of the time value of money. The decision to apply the capital budgeting process, certainly, is the decision of the company itself. However, the outcome of investment activity is borne by a wider circle of consumers, which should be a sufficient reason to encourage education and the application of current methods in this area. If you want to realistically look at the investment process and evaluate the justification of an investment project, it is necessary to identify and analyse the effects of exploitation of a particular investment. In order to ensure the realization of the company’s basic strategic goals and thus ensure its growth and development, it is necessary to make decisions in which the company will focus its investment activities on this investment projects whose effects will ensure the highest return on investment. This work deals with the complex issues of making adequate investment decisions using a method for assessing the viability of investment projects on a cash basis. Bearing in mind the significance of investment activity, we can conclude that for the purpose of making a good investment decision, it is necessary to realistically look at the entire investment process and assess the justification of the implementation of the investment project. In this sense, we identify, measure and quantify the overall effects of the realization of a particular investment. Capital budgeting for the purpose of making an investment decision today is a generally accepted concept in developed economies. There is no doubt that there are many disagreements regarding the choice of the methods of assessing the viability of investment investments, and then the selection of criteria within a certain method. However, it is quite certain that the rich experience of developed countries undoubtedly points to the need for capital budgeting, investment project management, with particular emphasis on the use of discounted methods for assessing the viability of investment investment and respecting both economic and non-economic effects. Implicit benefits that the application of capital budgeting brings to the overall growth and development of the company, in terms of reducing uncertainty in making investment decisions, easier ranking of investment projects, exact measurement of expected benefits, transparency of investment activity criteria, attracting investors and ultimately creating additional value and greater degree of realization of strategic company goals.With this work, we pointed out the fact that capital budgeting is crucial in the process of making an investment decision and in that way has influenced enterprises to seriously deal with the choice of the method of estimating the profitability of investment projects that will surely result in additional value for the company.

scholarly journals Participative Management: A Model for Governance of Territorial Communities

2018 ◽  
Vol 80 (1) ◽  
pp. 47-51
Author(s):  
V. M. Semianovskyi
Keyword(s):  
Profit Sharing ◽  
Participative Management ◽  
Governance System ◽  
Public Governance ◽  
Management Tools ◽  
Collective Interest ◽  
Practical Experiences ◽  
Business Entities ◽  
Income Sharing ◽  
Contemporary Management

Principles of participative management have been commonly used in the contemporary management. This involves decentralization and democratization of management, various forms of employees’ engagement in the organization’s management. The participative management ideas, if practiced, can offer the key to building an effective management system and motivating business entities to a complex organization, and it can be a feasible model for organization of governance within the local self-governance system.   Participative management is based on recognition of mutual interests of all the members of an organization, thus integrating these interests and increasing the employees’ concern with labor results. It can exist in various forms, of which the main ones are income-sharing, profit-sharing, equity-sharing and participation in management. Each form of participative management can be implemented separately, but the highest effect can result from their combination (the synergy effect). Participative management has already been widely used by many business organizations in Europe and elsewhere. Participative management, therefore, is one of the advanced management methods involves decentralization and democratization of management, participation of employees in management, effective utilization of human resources for their development and the development of the organization’s system. Participative management can change and reinforce the employee’s motivation system. Yet, the participation does not diminish the rights and responsibilities of managers.   Principles of participative management are more and more often used in public governance as a model for governance within the local self-governance system. However, practical use of participative management tools still requires detailed theoretical studies. Because participative management principles and tools have only been at introductory phase now, they require theoretical elaborations and practical experiences especially. High effectiveness of participative management can be achieved only in established and capable territorial communities, when the collective intellect and collective interest of all the members of a territorial community is engaged in governance processes.

scholarly journals The investment project pipeline: cost escalation, lead time, success, failure and speed

2011 ◽  
Vol 36 (3) ◽  
pp. 317-348 ◽  
Author(s):  
Kenneth W Clements ◽  
Jiawei Si
Keyword(s):  
Lead Time ◽  
Choice Model ◽  
Investment Project ◽  
Regulatory Reform ◽  
Lead Times ◽  
Index Number ◽  
Investment Projects ◽  
Binary Choice Model ◽  
Investment Process ◽  
Planning And Construction

As they involve expectations about the future and long lead times for planning and construction, the evolution of investment projects is usually complex and volatile. This paper analyses an important aspect of this volatility by studying the nature of the investment process, from the initial bright idea to the final construction and operational phase of a project. We refer to this process as the ‘project pipeline’. Using a rich source of information on recent Australian resource development projects, an index-number approach is employed to measure the escalation of costs of projects in the pipeline and the time spent there (the lead time). The determinants of the probability of ultimate success of projects is analysed with a binary choice model. Finally, a Markov chain approach is used to model the transitions of projects from one stage in the pipeline to the next, and to examine the implications of regulatory reform that have the effect of speeding up the flow of projects.

scholarly journals Organization of Interaction Between Participants in the Investment Process on the Basis of a systematic Justification of Multi-criteria choice

2021 ◽  
Vol 12 (2) ◽  
pp. 114-127
Author(s):  
S. Ye. Shchepetova ◽  
O. L. Trukhinova
Keyword(s):  
System Analysis ◽  
Mutual Influence ◽  
Investment Project ◽  
Investment Projects ◽  
Russian Economy ◽  
Investment Choice ◽  
Choice Procedures ◽  
Efficiency And Effectiveness ◽  
Investment Process ◽  
Hierarchy Process

The implementation of investment projects in Russia is associated with a lot of different problems caused by non-financial factors. The high degree of uncertainty of the investment situation, the lack of awareness and subjectivity of the decision-makers on the investment choice, the unreasonableness of the selection criteria, as well as the difficulties in the interaction of actors are due to the lack of systematic mechanisms for managing the investment process in the Russian economy as a whole. Together, they form a fairly voluminous complex of related problems. The article is devoted to the study of these problems and ways to solve them. It focuses on the mutual influence of the organization of interaction between participants in the investment process and investment choice procedures.Purpose: to develop proposals for the formation of mechanisms for interaction between stakeholders to ensure a systematic justification of the investment choice.Methods: in the preparation of this article, the methodology of applied system analysis and modeling is implemented, decision-making methods are used, including the Analytical Hierarchy Process.Results: the importance of the pre-investment stage of the investment process as the stage that generates most of the problems of stakeholders is argued. The approach to building system mechanisms of interaction of participants of the investment process at the pre-investment stage is justified. The schemes of such interaction and procedures for making investment decisions are proposed within the framework of the constructed modified model of multi-criteria investment choice. The formation of systemic mechanisms of interaction between participants in the investment process is carried out based on the need for a systematic justification of the multi-criteria choice of an investment project, taking into account the interests of all interested parties. The proposed methodology was developed through the development and modification of the Analytical Hierarchy Process by T. Saati and is aimed at improving the organization of the investment process and the implementation of investment choice based on generalized criteria of satisfaction, efficiency and effectiveness.Сonclusions and Relevance: the formation of system mechanisms of interaction of participants in the investment process at the pre-investment stage was carried out by developing a set of procedures that accompany the process of justifying a multi-criteria investment choice to achieve satisfaction, efficiency and effectiveness of the activities of all actors. The formation of system mechanisms of interaction of participants in the investment process allows to coordinate their interests, opportunities and limitations of the participants' activities, as well as to give the investment process purposefulness and manageability.

scholarly journals Application of budget allocation models in the management of investment processes in the context of the digital economy development

2021 ◽  
Vol 39 (71) ◽  
pp. 594-608
Author(s):  
Viktoriia Chobitok ◽  
Oleg Shevchenko ◽  
Oksana Lomonosova ◽  
Volodymyr Kochetkov ◽  
Valentyna Bykhovchenko
Keyword(s):  
Digital Economy ◽  
Government Procurement ◽  
Public Private Partnership ◽  
Financial Resources ◽  
Comparative Characteristic ◽  
Private Partnership ◽  
Investment Projects ◽  
The Public ◽  
Partnership Model ◽  
Investment Process

Within the study, the use of the public-private partnership mechanism in the management of investment processes in the context of digitalization was argued. The methodological basis of the study was a process approach, which allows to study multidirectional investment actions and the interdependent impact of the investment process, which determines the causal links of the development of investment entities at different levels in the collection of resources, in the conditions of the development of the digital economy. Endogenous sources include financial resources of internal and external origin. Exogenous investment resources include financial resources on loan, as well as budgetary allocations. Varieties of budget allocations include government procurement, concession, life cycle contract. Comparativecreativecharacterization of investment resource attraction models was carried out at the expense of budgetary allocations. In conclusion, they highlight the advantages of attracting investment resources at the expense of budgetary allocations, namely the public-private partnership model as a concession. Finally, it carriesout the comparative characteristic of the conditions of the implementation of investment projects in various models of attraction of investment resources at the expense of budgetary allocations.

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