CRITERIONS FOR THE EFFECTIVENESS OF SOCIALLY IMPORTANT INVESTMENT PROJECTS AND THEIR FORMULAS ADOPTED IN RUSSIAN PRACTICE

2020 ◽  
Vol 2 (8) ◽  
pp. 58-64
Author(s):  
A. F. AGEEVA ◽  
Keyword(s):  
Performance Indicators ◽  
Payback Period ◽  
Internal Rate Of Return ◽  
Investment Projects ◽  
Regulatory Documents ◽  
Project Analysis ◽  
Analytical Work ◽  
Methodological Approaches ◽  
Further Development ◽  
Selection Of

The article analyzes domestic guidelines for assessing the effectiveness of investment projects reflected in the regulatory documentation, both current and invalid. Considered are methodological approaches to calculating key performance indicators of investment projects - net discounted income, internal rate of return, discounted payback period and profitability index. The results of the analysis and recommendations for the further development of national regulatory documents for project analysis and methodological approaches to assessing the effectiveness of socially significant investment projects are presented. The results of the analytical work presented in the article are planned to be used to create a methodology for the selection of socially significant projects for the provision of state support.

scholarly journals Capital Budgeting Practice of Thai Firms

2015 ◽  
Vol 7 (1) ◽  
pp. 59-66
Author(s):  
Kereboon Champathed
Keyword(s):  
Capital Investment ◽  
Investment Decisions ◽  
Capital Budgeting ◽  
Payback Period ◽  
Internal Rate Of Return ◽  
Discounted Cash Flow ◽  
Investment Projects ◽  
Analysis Techniques ◽  
Corporate Capital ◽  
Individual Project

This paper examines the capital budgeting practice of Thai firms and the relationships between capital budgeting techniques and the firm size, length of operation and type of firms. The results indicated that most Thai firms used capital budgeting techniques for the analysis of investment projects (74.1%) and more than half (51.7%) of total corporate capital investment expenditures were screened by capital budgeting techniques. Discounted-cash-flow techniques were used by the majority of the firms with Internal Rate of Return (IRR) the most used evaluate techniques. Moreover, risk is quantified on individual project basis in assessing risk in investment decisions. Shortening the desired payback period was used most among the risk analysis techniques and the most likely scenario received most attention in the financial justification in relation to risk.

scholarly journals Methodological approaches to risk assessment of real investment projects

2018 ◽  
Vol 239 ◽  
pp. 08021
Author(s):  
Ekaterina Bogomolova
Keyword(s):  
Risk Assessment ◽  
Quantitative Methods ◽  
Distinctive Features ◽  
Investment Projects ◽  
Qualitative And Quantitative Methods ◽  
Advantages And Disadvantages ◽  
Methodological Approaches ◽  
Level Of Significance ◽  
Selection Of ◽  
Real Investment

Risk management is impossible without systematically assessing the level of significance of the risks identified in the project. Within the scope of the paper, the distinctive features of various qualitative and quantitative methods for assessing the risks of real investment projects are emphasized. The paper analyzes some of the existing methods of risk assessment in terms of their advantages and disadvantages of application in order to facilitate the selection of the most convenient method for a particular project.

scholarly journals Analysis capital budgeting investment projects substation 150 kV for tires company

2020 ◽  
Vol 12 (2) ◽  
pp. 189
Author(s):  
Andi Setyawan ◽  
Hasbullah Hasbullah
Keyword(s):  
Interest Rate ◽  
Net Present Value ◽  
Electricity Consumption ◽  
Electrical Energy ◽  
Capital Budgeting ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Investment Projects ◽  
The Interest Rate

The electricity consumption continues to increase, including in Indonesia, where the average electricity consumption rises 6.86% per year. In line with the ever-increasing production needs of companies needing more electrical energy during these electrical disturbances often occur due to power shortage. Therefore, the company proposes the investment of the construction of substations 150kv Expected to improve the reliability of electrical energy supply. This research conducted to analyze the value of investment carried by tire companies using historical data and company forecasts using the technical method of economics to analyze its finances. Based on the calculation result with the Payback period (PP) and Discounted Payback Period generates 5.35 years and 6.24 years.  Meanwhile, in the calculation of net present value (NPV) obtained favorable results in the 6th year of Rp 40,944,770,640.32, using an interest rate of 5%. In the calculation of the internal rate of return (IRR), the result of 5.5% concluded that the project return is higher than the minimum attractive rate of return (MARR) of the company by 5.17% of the Bank Indonesia interest rate. Then based on the sensitivity analysis gained that the lower the interest rate on this project, then the faster the return on the investment, and vice versa. The overall analysis of the scenario stated that the investment is worthy of running because it brings profit directly to the company.

scholarly journals A methodological approach to the evaluation of the effectiveness of innovative projects

2020 ◽  
Vol 166 ◽  
pp. 13018
Author(s):  
Mariya Petryna ◽  
Nataliia Stavnycha ◽  
Lesya Tarayevska ◽  
Liliia Rishchuk ◽  
Oksana Kushlyk
Keyword(s):  
Sustainable Development ◽  
Performance Indicators ◽  
Net Present Value ◽  
Methodological Approach ◽  
Internal Rate Of Return ◽  
The Sustainable Development ◽  
Advantages And Disadvantages ◽  
Innovation Infrastructure ◽  
Technology Parks ◽  
Selection Of

Ensuring the sustainable development of the economy depends to a large extent on the implementation of the innovative model, in which the innovation infrastructure plays a key role. The growing number of technoparks in Ukraine has increased the requirements for economic substantiations for decision-making regarding the expediency of implementing their innovative projects. The search for appropriate methods and approaches to project evaluation has determined the actuality of the research topic. The article summarizes the methods of evaluating innovative projects, identifies their advantages and disadvantages. Besides, it reveals the features of the evaluation of innovative projects of technoparks. The novelty of the work is the proposed methodological approach to the evaluation of the efficiency of innovative technopark projects, which takes into account the specifics of the Ukrainian legislation. The methodological approach is based on the generally accepted performance indicators in the world: Net Present Value, Profitability Index, Internal Rate of Return, and Payback Period. Special accounts of technology parks, their participants, and joint ventures are a separate element in the calculation formulas. The application of the proposed methodological approach will accelerate the process of selection of innovative projects and their implementation, activation of innovative activities, and the sustainable development of the state. The proposed methodological approach is tested in the evaluation of the innovative project of the technopark of the E. O. Paton Electric Welding Institute and confirmed the effectiveness of its implementation.

scholarly journals Analysis of the influence of risk factors on the efficiency of innovation-investment projects in construction

2019 ◽  
pp. 87-97
Author(s):  
Yuliia Mykytyuk
Keyword(s):  
Complex System ◽  
Risk Factors ◽  
Risk Assessment ◽  
Research Methods ◽  
Cognitive Modeling ◽  
Innovation Activity ◽  
Investment Projects ◽  
Modeling Technology ◽  
Methodological Approaches ◽  
Further Development

Introduction. Despite extensive research in the field of innovation, it is necessary to point out the lack of methodological approaches to assess the efficiency of innovation activity of enterprises, although a wide range of recommendations based on existing approaches have been made to address certain aspects of these issues, but they require further development, deepening and systematization. including those taking into account risk factors. The importance of addressing the issues of improving existing methods of assessing the effectiveness of investment in innovation, developing methodological approaches to quantitative assessment of the level of innovation risk and uncertainty, finding ways to choose between alternative options for investing in innovative projects, defines the problem of evaluating the effectiveness of innovative projects. The purpose of the study is to substantiate the organizational provisions of the analysis of the influence of risk factors on the effectiveness of innovative investment projects in construction. In order to achieve this goal, we are tasked with: determining the impact of risk factors on the effectiveness of innovation and investment projects; consider the use of cognitive risk modeling of an investment project. Research methods. To achieve this goal, the article uses the following general scientific and specific research methods: analysis and synthesis - to improve the interpretation of the concept of “innovation risk”; systematic approach - to clarify the economic content of the concept of “efficiency of innovation-investment projects”; expert evaluation - to calculate the integral values of risk in the implementation of innovative investment projects in construction. Results. The application of cognitive modeling methodology in the process of analyzing the effectiveness of innovation investment projects is substantiated, it is established that the use of cognitive modeling technology can be considered as one of the possible options for the development of methodological tools for risk assessment of innovative projects in terms of time constraints and the need to take into account the complex system of interconnectedness the number of heterogeneous risk factors. Discussion. Prospects for further development of the research are structuring and risk assessment, depending on the level of influence on the effectiveness of innovation- investment projects, taking into account organizational, management, production and financial and economic risks. The use of cognitive modeling technology should be considered as one of the possible ways of developing methodological tools for assessing the risks of innovative projects in the conditions of limited time and the need to take into account the complex system of interrelationships of a large number of heterogeneous risk factors. Further scientific research towards the analysis of the influence of risk factors on the effectiveness of innovation- investment projects in construction should be taken as a basis for the development of an adequate anti-risk mechanism for managing the efficiency of innovation-investment projects.

The Consideration of Risk in Project Selection

1968 ◽  
Vol 94 (3) ◽  
pp. 355-378 ◽  
Author(s):  
S. D. Hodges ◽  
P. G. Moore
Keyword(s):  
Capital Investment ◽  
Net Present Value ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Financial Investment ◽  
Investment Projects ◽  
Average Value ◽  
Wide Range ◽  
Financial Investments ◽  
Selection Of

This paper is concerned with attempts that have been made to incorporate measures of risk in the selection of financial investments. The methodology that is developed here has been primarily aimed at the evaluation of capital investment projects, but the concepts and ideas are also relevant in the financial investment field. Implicit in all this discussion is the fact that when information is obtained in order to calculate an internal rate of return or a net present value, the figures put into the calculation are estimates rather than precise and exact quantities. In some instances the estimates may be felt to be very good, whilst in other cases it may be felt that there is a wide range of possible deviations. Hence the evaluation of any project or projects should, correctly, be described not by a single criterion but by a range of possible values, some of which are judged to be more likely than others. Having said this, there now comes the need to decide upon the method by which choice is to be exercised. Should it be by the choice of the highest average value of the criterion, or by choosing some more conservative rule?

scholarly journals Methodical approach to evaluation and selection of venture projects

2021 ◽  
Vol 2021 (1) ◽  
pp. 161-166
Author(s):  
Oleg Kuzmin ◽  
◽  
Victoria Terletska
Keyword(s):  
Average Rate ◽  
Legal Protection ◽  
Business Plan ◽  
Payback Period ◽  
Rate Of Return ◽  
Technical Level ◽  
Internal Rate Of Return ◽  
Financial Flows ◽  
Internal Rate ◽  
Selection Of

The article examines and analyzes methodological approaches to the evaluation and selection of venture projects, found that in a dynamic environment, venture funds choose strategies to attract and prepare agreements that correspond to their experience and market position. The main stages of selection of venture projects have been formulated, which allows to formalize the process of selection of venture projects and make it as transparent, clear and simple as possible. The criterion base of indicators of evaluation and selection of venture projects has been investigated and systematized, which allows to formalize the process of their evaluation and making rational management decisions. Attracting and preparing agreements is one of the most important aspects of venture activity, which requires high competence, skills and abilities. Analysis of the scientific literature made it possible to identify different approaches to the evaluation and selection of venture projects. For evaluation and selection of venture projects, first of all, qualitatively prepared business plans are studied. In this case, applications for investment without a business plan are usually not considered by the funds at all. In such conditions, investors are helped by knowledge in the relevant sectors of the economy and understanding of the prospects for their development, this is equated with a preliminary discussion of the problem with colleagues or at meetings of fund managers, where a deeper assessment of business value. The main principles of assessing the effectiveness of investment in venture investment are: taking into account the specifics of the investment sector in order to calculate the payback period of investments and the level of their profitability, which is as close as possible to real; in the presence of a base of comparison of application of benchmarking; optimization of fund management costs; taking into account all financial flows of the project; comparison of the cost of borrowed capital and return on investment; reasonable distribution of financial resources between venture projects taking into account the criterion of their effectiveness, etc. the purpose of the examination of an innovative venture project is to assess the scientific and technical level of the project, the possibilities of its implementation and effectiveness, the consequences of its implementation. Based on the results of the study, decisions are made on the feasibility and volume of investment, which determines the basic principles of the examination, namely: the system of organization of expert work and the unity of its regulatory and methodological support; independence and legal protection of participants in the expert process, their competence and interest in obtaining objective results; scientific and economic substantiation of expert assessments, their orientation to the world level of development of science and technology, norms and rules of technogenic and ecological safety, requirements of standards and international agreements; objectivity of the received decisions according to results of examination. The main criteria for selecting a venture project are a well-prepared business plan, scientific and technical level of the project, its feasibility and effectiveness, and important indicators for evaluating the effectiveness of a venture project are indicators of internal rate of return, modified internal rate of return, net present value, payback period, discounted payback period, profitability of sales, the average rate of return.

scholarly journals Analysis of zoning schemes of the territory of Ukraine for the purposes of optimization and management of recreational and tourist activities

2021 ◽  
Vol 30 (2) ◽  
pp. 261-274
Author(s):  
Oleg Y. Grinyuk ◽  
Svitlana O. Demianenko ◽  
Tetiana H. Kupach
Keyword(s):  
Applied Research ◽  
Taxonomic Classification ◽  
Allocation Of Resources ◽  
Scientific Publications ◽  
Regulatory Documents ◽  
Territorial Structure ◽  
Methodological Approaches ◽  
Recreation And Tourism ◽  
Selection Of

The purpose of this publication is to analyze the existing set of results of scientific and applied research in the field of recreational and tourist zoning of Ukraine and identify methodological differences in existing schemes for planning the development of recreation and sectoral zoning. To achieve this goal, the study used a content method of analysis of a set of existing theoretical and methodological approaches to zoning, research and development on the organization and functioning of recreational territorial units. Methods of comparative analysis of the data on the formation of the territorial structure of tourist regions, determining the criteria for taxonomic classification of territorial recreational formations allowed to systematize information about existing world zoning systems and recreational and tourist territorial structure of Ukraine. The information base of the study is the regulatory documents, analytical and statistical materials of the WTO, NTO of Ukraine, scientific publications of leading Ukrainian and foreign researchers on zoning, in particular, zoning to manage and optimize tourism and recreational activities. The study involves schemes for the development and allocation of resources for tourism and recreation, zoning schemes in Ukraine, in the field of recreation and tourism, which were carried out in the period from 1960s to 2020s. Numerous schemes of recreational and tourist division of the country’s territory and its separate regions indicate the confusion of terminology, approaches, standards and rules for zoning the country. In Ukraine, there are sectoral zoning, which are based on the principles of “zona making” conception, however, most sectoral zonings are not compared and do not correlate. The principles laid down in the implementation of sectoral recreational and tourist zoning are not always coordinated with the regulations that exist in the system of spatial planning. The results of the analysis emphasize the urgency of unification of terminology, certainty with methodological approaches to taxonomic classification and selection of taxa within the country. Today the issues of formation of recreational, tourist, resort spaces for the purposes of efficient and rational nature use and development of a competitive national tourist product are solved without a single coordinated recreational and tourist zoning of the territory of Ukraine.

Organizational aspects of osteopathic care provision in a specialized clinic of Moscow

2018 ◽  
pp. 6-13
Author(s):  
D. E. Mokhov ◽  
M. Y. Gerasimenko ◽  
O. V. Yaschina ◽  
L. V. Tumbinskaya ◽  
E. S. Tregubova
Keyword(s):  
Quality Criteria ◽  
Medical Specialty ◽  
Organizational Analysis ◽  
Care Provision ◽  
Sources Of Information ◽  
Research Papers ◽  
Regulatory Documents ◽  
Methodological Approaches ◽  
Intensive Development ◽  
Osteopathic Physicians

Introduction. Nowadays osteopathy is an offi cial medical specialty. Many years of experience accumulated by osteopathic physicians in our country have proven its effectiveness. The analysis of research papers of those countries where osteopathy is widely used allows to draw the following conclusion: osteopathy is one of the least dangerous therapeutic methods provided that patients deal with well-trained and certifi ed specialists who work in the frame of possibilities of osteopathy. Due to the intensive development of this specialty in Russia it is necessary to provide scientifi c justifi cation to organizational and methodological approaches aimed at ensuring effective and high-quality osteopathic care to the population.Goal of research - to develop proposals in order to improve the quality and effectiveness of osteopathic care provision for the population, taking into account the current situation in health care.Materials and methods. Authors used the following research methods: historical and medico-organizational analysis, literary data analysis, content analysis as well as methods of descriptive statistics.Results. The research presents characteristics of clinics declaring osteopathic care provision, as well as qualities of osteopathic physicians. It also describes patients seeking osteopathic care, and sources of information they use.Conclusion. Authors propose a number of measures aimed at improving the availability and effectiveness of osteopathic care for patients such as training of doctors, creating of regulatory documents, developing quality criteria for osteopathic care provision and popularization of osteopathy among patients.

EVALUASI TERHADAP PENGELOLAAN SAMPAH DALAM MENINGKATKAN PELAYANAN ASET DI KOTA PEMATANGSIANTAR

2017 ◽  
Vol 13 (3) ◽  
pp. 240
Author(s):  
Novdin M Sianturi
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Internal Rate ◽  
Benefit Cost

Abstrak: Pengelolaan sampah di Kota Pematangsiantar masih bertumpu pada pendekatan akhir (kumpul-angkut-buang), dengan tingkat pelayanan yang rendah, sehingga untuk meningkatkan pelayanan sampah, perlu dilakukan pemilahan di tempat penampungan sementara (TPS). Penelitian ini bertujuan untuk mengkaji sistem pengelolaan sampah dengan melakukan pemilihan di TPS dapat meningkatkan pelayanan aset persampahan sampai tahun  2015 secara teknis operasional dan dari aspek keuangan. Analisa teknis operasional aset pengelolaan sampah mulai dari pewadahan, pengumpulan dan pengangkutan sedangkan analisa keuangan dan analisa kelayakan menggunakan Net Present Value, Internal Rate of Return, Benefit/Cost Ratio, dan Payback Period. Dari hasil analisa tersebut diperoleh suatu sistem pengelolaan sampah dengan pemilihan di TPS berdasarkan zona pelayanan dengan skala prioritas secara bertahap daritahun 2013-2017, dapat meningkatkan cakupan pelayanan sampah eksisting rata-rata 6,69 %, cakupan pelayanan TPS eksisting rata-rata 8,29 %, dan cakupan pelayanan truk pengangkut sampah eksisting rata-rata 12,03 %. Investasinya layak, diperoleh Net Cashflow pada tahun 2020 sebesar Rp 1.720.242.284,-, NPV suku bunga 15 % bernilai positif, IRR > MARR 15 %,  B/C Ratio > 1, dan PP 4,7 tahun, lebih pendek dari periode investasi 10 tahun. Dari Metode penelitian ini maka pengumpulan data, observasi lapangan dan pengukuran contoh timbulan sampah dengan sampel 4 TPS perumahan yang terlayani pengangkutan.

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