scholarly journals PARADIGM FOR ESTIMATING EFFECTIVENESS OF INVESTMENTS IN UKRAINE'S ECONOMY

2021 ◽  
Author(s):  
Inna Lintur ◽  
Maria Petrichko ◽  
Natalia Gladinets
Keyword(s):  
Decision Making ◽  
Economic Efficiency ◽  
Return On Investment ◽  
A Priori ◽  
Investment Efficiency ◽  
Investment Projects ◽  
Efficiency Assessment ◽  
Modern Methods ◽  
The Difference ◽  
Social Environmental

The article considers the current conditions of the process of development and decision-making on investment. Different methods of investment efficiency assessment are described. The relevance of the use of quantum economic analysis as one of the newest methods of analysis of investment projects is studied and substantiated. In particular, it is noted that the difference between KEA and currently used concepts is that these methods are based on the analysis of accounting documents, forecast indicators, application of audit analysis and calculation of various financial ratios. However, financial calculations must be preceded by an analysis that identifies and eliminates a priori inefficient and unprofitable projects. Determining the economic efficiency of investment projects is the most important and difficult stage of pre-investment research. The timing of the return on investment depends on how objectively and comprehensively this assessment has been carried out and, consequently, on the correct course of further action on a particular project. In turn, objectivity and comprehensiveness provide modern methods of evaluating the effectiveness of investment projects. he methods considered by us are quite accurate, because based on simple calculations, they allow you to quickly assess the economic efficiency of investment projects, they can be used to address issues such as project profitability; determine the benefits of different versions of the project; find out how one project is more effective than another. The foreign experience of investment efficiency assessment is studied. Based on the study of which, it was concluded that the evaluation of investment projects should be based on economic, social and environmental conditions, selected and grouped taking into account the investment objectives. When evaluating investment projects by individual criteria, it is very difficult to compare projects and evaluate them. Therefore, different criteria (economic, financial, social, environmental, etc.), and they should be combined into one generalized meaning.

scholarly journals Investment efficiency of business in Ukraine: realities and assessment methodology

2021 ◽  
Vol 2 (47) ◽  
pp. 48-63
Author(s):  
L.V. Sorokina ◽  
A.F. Hoiko
Keyword(s):  
Economic Efficiency ◽  
Capital Investment ◽  
Construction Projects ◽  
Methodological Approach ◽  
International Investment ◽  
Investment Efficiency ◽  
Investment Climate ◽  
Investment Projects ◽  
Methodical Approach ◽  
National Investment

 The article systematized factors of investment attractiveness and investment climate in Ukraine. The expediency of supplementinganexistinglist of components of investment climate is substantiated by two additional factors. Themechanismo factionoftheproposedfactorsthatreflectthenegative effectin the developmen to freformsand innovations, aswellas the economic efficiency of construction projects on the financial result, expected from investigations, isrevealed. The trends in the developmen to finvestment activityinUkrainein 2015 - 2020, the existence of reserves for increasing the economic efficiency of investments and the need for their calculation witht hehelpof a special methodological approac hare analyzed. The methodical approach to the evaluation of investment efficiency of constructionis developed, which is based on the magnitude of the multiplier of capital investment in construction inthelong-termperiodandrefinedtheboundariesoftheretrospectivehorizon, which are necessary to determine such a multiplier. The rapid importance of aninvestment multiplier of construction isestablis hedand a methodological approach to qualitative interpretation of this indicator issubstantiated. The basis of a methodological approach is the results of a cluster analysis of aninvestment multiplier in the contex to fvarioustypesofconstructionandregions, the methodof K-medium, aswellaspostulatesofthetheoryoffuzzysets. Within the framework of the developed methodological approach, the "investment attractiveness of construction" characteristicsis presentedin the form of a fuzz yterm-shear, which combines three terms: "Lowefficiency", "averageefficiency", "highlevelofefficiency". Inaccordance with descriptiv estatistics of thereceived clusters, the parameters and type of functions of affiliation, the boundaries of clusters that directly affecttheuse of correctivea mendments to the value of the economic effectof capitalinvestment to the level of the contractor-executor of construction work are substantiated. The sizeofther is kfactorisestablishedtakingintoaccountthetypeofconstructionandmedium-layervalues ​​ofmultipliersofcapitalinvestmentinconstruction. Theuse of the proposed Metdic approach to the analysis of investment efficiency inconstruction makesitpossible to increase the accuracy of calculations on th epre-investmentst age of construction, aswellastoimprovemonitoring of capital investment development, carried out in the process of implementing national investment programs and international investment projects.

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 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 MODERN METHODS OF VALUATION OF INVESTMENT’S ECONOMIC EFFICIENCY IN THE AGRICULTURAL BUSINESS

2019 ◽  
pp. 21-35
Keyword(s):  
Economic Efficiency ◽  
Agricultural Sector ◽  
Mathematical Methods ◽  
Main Research ◽  
Investment Projects ◽  
Social Events ◽  
Market Economy System ◽  
Modern Methods ◽  
Agricultural Business ◽  
The Republic

The period of transition of the national economies from the socialist system to the market economy system is marked by a whole series of economic and social events, where investments represent a driving force for the country's economic development. The aim of the research is to provide scientific assistance on the widespread use of modern methods, recognized in developed industrialized countries, to elaborate and/or evaluate investment projects on the basis of which the indigenous agricultural sector will be able to survive in harsh conditions of often unfair competition from the part of Western agricultural producers. The main research methods are qualitative and quantitative analysis of economic events, comparative and statistical comparisons, dynamics and trend studies, economic and mathematical methods to justify the economic efficiency of investments, etc. As the results, obtained from the out carried researches, can be called the algorithms of calculation and performance indicators for assessing the level of economic efficiency of agrarian business investments, which for year along are successfully used in the Western European countries, but practically totally ignored within the national economy of the Republic of Moldova.

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 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 MODERN MODEL FOR ASSESSING THE EFFICIENCY OF INVESTMENTS ATTRACTED IN RAILWAY TRANSPORT

2020 ◽  
Vol 2020 (1) ◽  
pp. 34-42
Author(s):  
M Saitkamolov ◽  
◽  
Z Gaibnazarova ◽  
J Cowie
Keyword(s):  
Economic Efficiency ◽  
Return On Investment ◽  
Economic Effect ◽  
National Income ◽  
Railway Transport ◽  
Investment Activity ◽  
Multiplier Effect ◽  
The Difference ◽  
The Republic ◽  
The Impact

The article analyzes the modern model for evaluating the improvement of investment activity efficiency and provides conclusions on the level of development of the current state of railway transport in the Republic of Uzbekistan. The economic effect of intensive investments is the equivalent of the costs and benefits of the difference between the result and the costs of achieving it. The economic efficiency of intensive investments is defined as the ratio of investment costs to achieving a profitable result (economic effect). The indicators characterizing the economic efficiency of intensive investments: the integrated effect, the need for additional financing, the internal rate of return, the intensive return on investment ratio, the intensive return on investment index, the innovation ratio, investment in human resources, and the effectiveness of modern corporate governance. will be included. The multiplier effect in which a set of multipliers reflects changes in production volumes, investments and industry characteristics. Analysis of specific activities shows the impact of growth indicators, given its contribution to the dynamics of the economy. An increase in investment costs will lead to an increase in production and income. This interaction is explained by the multiplier effect. The concept of the multiplier means "multiplier". The essence of the multiplier effect is that an increase in investment will lead to greater growth in national income.

scholarly journals Features of the methodology for assessing budget efficiency investment pro-jects

2021 ◽  
Vol 23 (98) ◽  
pp. 40-44
Author(s):  
R. M. Myniv ◽  
V. О. Ivashkiv ◽  
Н. M. Mokrytska
Keyword(s):  
Return On Investment ◽  
Financial Support ◽  
Investment Project ◽  
Payback Period ◽  
Bank Loans ◽  
State Budget ◽  
Investment Projects ◽  
Main Indicator ◽  
The Difference ◽  
Definition Of

The analysis of current regulations shows that only a few indicators (budgetary effect) are used to assess the budget efficiency of investment projects in Ukraine, and the decision on financing is not made from it. As a result, it is necessary to raise the issue of introducing an additional system of indicators for assessing the effectiveness of investment projects, which characterize the return on investment of budget funds. Thus, the purpose of this study is to develop proposals for improving the methodology for assessing the budget effectiveness of investment projects. The main indicator for assessing the effectiveness of projects that provide state or regional financial support is the budgetary effect. Budget effect is the main indicator of budget efficiency used to justify the decision to finance the project, which is often defined as the difference between inflows and outflows of budget funds, taking into account discounting. The paper proposes to introduce additional indicators to assess the budget efficiency of the investment project, in addition to the payback period of state support. Absolute budget effect. which will be calculated in the form of two indicators: taking into account and without taking into account loans to banks under government guarantees. This calculation is justified, as the budget effect may be understated by including bank loans in the definition of this indicator, while the state budget may not incur costs under its guarantee obligations. Absolute budgetary effect, which characterizes the total amount of funds that the country's budget will receive as a result of the project. Relative budget effect, which characterizes the ratio of budget investments to the investment project and additional revenues to the budget. Budget profitability – shows how many monetary units the project implementation brings per unit of budget funds spent. Due to the fact that this indicator is based on the indicator of the absolute budgetary effect, the calculation of this indicator will be calculated taking into account and without taking into account bank loans issued under government guarantees. The authors have developed some modifications to the calculations for assessing the budget efficiency of investment projects, as well as the calculation of indicators of budget efficiency of projects that characterize the return on investment: absolute budget effect, relative budget effect (indirect and direct), budget profitability.

scholarly journals Market ways to assess the effectiveness of real investment

2019 ◽  
Author(s):  
Liubov Grigorevna Turchenko
Keyword(s):  
Market Economy ◽  
Economic Efficiency ◽  
Investment Projects ◽  
Modern Methods ◽  
Real Investment

The article analyzes the fundamental concepts of a market economy and investment. The calculation of the economic efficiency of investment projects, with the choice of the best investment options. There are solutions to the problem: the discovery of the essence of the modern methods of economic efficiency of investments and indicators for evaluating the effectiveness.

scholarly journals Efficiency assessment of urban planning transformations: economic and legal aspects

Vestnik MGSU ◽  
2020 ◽  
pp. 1308-1320
Author(s):  
Svetlana А. Ershova ◽  
Svetlana А. Shishelova ◽  
Тamara N. Orlovskaya
Keyword(s):  
Decision Making ◽  
Urban Planning ◽  
Urban Development ◽  
Economic Efficiency ◽  
Transformation Efficiency ◽  
Legal Aspects ◽  
Urban Transformation ◽  
Assessment Procedure ◽  
Substantial Impact ◽  
Efficiency Assessment

Introduction. A discrepancy between legislative requirements for the compulsory recognition of economic factors in the process of drafting urban planning documents, on the one hand, and the unavailability of an approved implementation procedure, on the other hand, makes a substantial impact on decision making processes that deal with urban planning transformations. The unavailability of (a) unified approaches to the assessment of the economic efficiency of urban planning solutions, (b) an approved efficiency assessment procedure or (c) a database decelerates the process of making well-grounded urban development decisions. Therefore, development of a conceptual framework for the efficiency assessment in terms of integrated urban development actions and their implementation procedures is particularly relevant. The subject of this research consists in the study of the regulatory/methodological framework of urban development, and its mission is to analyze the main regulatory problems that accompany the efficiency assessment of urban development. Materials and methods. The co-authors employed a socio-spatial approach that takes account of objective and subjective factors of a high-quality urban environment at various stages of the urban planning documentation drafting process. Within the framework of this approach, methods of comparative/logical analysis were applied, expert evaluations were made, materials, developed by foreign and Russian scientists, Russian legislative acts, methodological documents were studied with regard to the evaluation of the urban development efficiency. Results. The co-authors identified gravest theoretical and methodological problems of urban transformation efficiency assessment. An assessment procedure was developed. The co-authors suggested organizing the urban transformation efficiency assessment in the course of drafting urban planning documentation. Principal efficiency assessment stages were identified, and the main objectives of each stage were formulated. Conclusions. The novelty and practical relevance of this research reside in the fact that the co-authors have identified problems of the legal framework of assessment procedures and suggested a sequential estimation of the economic efficiency of urban transformations so that each subject of urban planning activities followed a unified research-driven decision making procedure.

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