scholarly journals Model of estimation of investment project’s sensitivity in stevedoring activity

2021 ◽  
pp. 139-145
Author(s):  
А.И. Гриб ◽  
М.Б. Иванова
Keyword(s):  
Performance Indicators ◽  
Project Performance ◽  
Assessment Model ◽  
Capital Investments ◽  
Investment Funds ◽  
Investment Activity ◽  
Investment Projects ◽  
Raw Sugar ◽  
Study Methodology ◽  
Current Operating

В статье предлагается модель оценки риска в стивидорных компаниях при инвестировании в строительство и модернизацию перегрузочных терминалов. В исследовании рассматривались основные факторы, влияющие на показатели эффективности проектов в работе операторов морских терминалов. При этом были рассмотрены следующих проекты: строительство терминала по перегрузке растительного масла; строительство терминала по перевалке сахара-сырца. В основе предлагаемого метода используются показатели эффективности инвестиционных проектов: чистый дисконтированный доход, дисконтированный срок окупаемости. В работе рассмотрена степень влияния изменения объемов перевалки, объемов капитальных вложений и текущих эксплуатационных расходов на основные показатели эффективности. В статье проанализированы особенности инвестиционной деятельности в стивидорных компаниях. На основе исследования составлен алгоритм оценки чувствительности инвестиционных проектов к влиянию внешних факторов. Методика определения чувствительности инвестиционных проектов апробирована на проектах Стивидорной компании Юга России. In this article we suggest risk assessment model in stevedoring companies when investing in construction and modernization of transshipment terminals. In this research we consider main factors influencing project performance indicators in the work of marine terminal operators. At the same time the following projects were considered: construction of a vegetable oil transshipment terminal, construction of a terminal for transshipment of raw sugar. The proposed method is based on performance indicators of investment projects: net discounted income, discounted payback period. The paper considers the degree of influence of changes in transshipment volumes, in volume of capital investments and in current operating costs on main project performance indicators. The article analyzes the features of investment activity in stevedoring company. Тhe algorithm for assessing the sensitivity of investment projects to the influence of external factors is compiled based on the study. Methodology for determining the sensitivity of investment funds tested on the projects of a stevedoring company in the South of Russia.

scholarly journals Investment Support for Sustainable Development of Agricultural Enterprises in Ukraine

2020 ◽  
Vol 9 (2) ◽  
pp. 72-77
Author(s):  
Nadiia Ivanivna Svynous
Keyword(s):  
Sustainable Development ◽  
Agricultural Land ◽  
Capital Investments ◽  
Social Infrastructure ◽  
State Budget ◽  
Investment Activity ◽  
Investment Projects ◽  
Agricultural Enterprises ◽  
Internal Sources ◽  
State Programs

Abstract The article proves the need to intensify investment activities in agricultural enterprises, which is the main condition for the implementation of the principles of sustainable development. Factors that hinder investment processes and the reasons for their manifestation have been identified. The tendencies in realization of capital investments in the fixed capital of agriculture which have positive dynamics are defined, however, their insignificant reduction in 2019 was observed. The structure of sources of financing the activities of agricultural enterprises in 2019 is determined: own funds – 71.1%, loans – 14.1%, foreign investments – 14.4%, state budget funds – only 0.4% and highlights the obstacles to the formation of external and internal sources of investment. According to the results of the survey, the directions of investment activity of agricultural enterprises, restraining factors, and financial opportunities in the implementation of investment projects are determined. It is established that today, 52.7% of enterprises did not make investments that would be environmentally friendly, and only 28.2% invested in the development of social infrastructure and human capital. The main measures to intensify investment activities of agricultural enterprises are substantiated, which include: formation of elements of investment infrastructure in the region, improvement of depreciation policy at enterprises, development of public-private partnership, introduction of state programs for rural development, improvement of agricultural land lease and others.

scholarly journals ДЕРЖАВНЕ РЕГУЛЮВАННЯ ФІНАНСУВАННЯ ІНВЕСТИЦІЙНОЇ ТА ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ У АГРОПРОМИСЛОВОМУ КОМПЛЕКСІ

2020 ◽  
pp. 85-90
Author(s):  
Захарін С.В. ◽  
Парубець О.М. ◽  
Смирнов Є.В.
Keyword(s):  
Industrial Complex ◽  
Capital Investments ◽  
Development Bank ◽  
Investment Activity ◽  
Investment Projects ◽  
Agricultural Enterprises ◽  
Business Entities ◽  
Agroindustrial Complex ◽  
Stimulation Of

The key trends of dynamics and structure of investment activity in the agroindustrial complex of Ukraine are determined. It is indicated that the most attractive type of agroindustrial complex for foreign investors is the production of food products. The tendency to decrease the level of direct state support of capital investments in the agro-industrial complex was revealed. It was established that in the types of economic activity of the agro-industrial complex in 2017, 233 investment projects were implemented accompanied by state authorities and management (national, departmental and regional levels). The proposals on improving the investment attractiveness of the agro-industrial complex are presented. Reasonable measures aimed at improving the organizational and economic mechanism of investment activity of the agro-industrial complex. The tools of stimulating investment lending in the agroindustrial complex by means of payment of budget compensations aimed at «cheapening» loans, as well as for expanding the practice of applying investment lending to the agro-industrial complex based on the use of market instruments are proposed. Promising market instruments for activating long-term (investment) lending to the agro-industrial complex have been identified, namely: support for the functioning of cooperative banks established with the participation of business entities in the agro-industrial complex; support for the creation and operation of specialized agrarian banks, which should be targeted at the priority servicing of borrowers of the agro-industrial complex; creation of the State Development Bank, which will carry out preferential investment crediting of agricultural enterprises; stimulation of introduction of the newest credit products for the agro-industrial complex.

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.

Real options in business valuation and investment

2018 ◽  
Author(s):  
Андрей Гусев ◽  
Andrey Gusev
Keyword(s):  
Graduate Students ◽  
Real Options ◽  
Scientific Publication ◽  
Investment Analysis ◽  
Investment Activity ◽  
Business Valuation ◽  
Investment Projects ◽  
University Teachers ◽  
Specific Calculations

In the presented monograph discusses the major problems associated with the development of methods of investment analysis and application of real options method in the assessment of efficiency of investment projects and valuation of enterprise (business). Disclosed the content of the basic models of evaluation of real options, a classification of real options, the theoretical principles supported by specific calculations. Scientific publication intended for graduate students, University teachers, scientific employees, specializing in the field of management of investment activity of enterprises and business valuation.

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.

Evaluation of investment projects in petrochemical enterprises

2020 ◽  
pp. 62-69
Author(s):  
D.A. Amiraslanova ◽  
Keyword(s):  
Production Capacity ◽  
Capital Investments ◽  
Investment Projects ◽  
Petrochemical Enterprise ◽  
Major Industry

Petrochemistry is one of the major industry fields in Azerbaijan, the production of which is exported to a number of countries. Competetive performence of exported goods creates conditions for the segmentation of certain markets and enhancement of sales geography. In this context, the paper reviews such issues as economic estimation of investment projects and expansion of potential of petrochemical enterprise with the purpose of increasing its production capacity, as well as the possibility of using internationally approved method of economic estimation for the specification of the efficiency of capital investments.

scholarly journals Investment projects and development of municipal and regional investment policy

2018 ◽  
pp. 63-67
Author(s):  
I. V. Bolganova
Keyword(s):  
Corporate Culture ◽  
Investment Policy ◽  
Rational Approach ◽  
Infrastructure Development ◽  
Investment Climate ◽  
Investment Activity ◽  
Climate Conditions ◽  
Investment Projects ◽  
The Social ◽  
Skilled Personnel

The article examines the relevant issues related to the investment projects, the creation of investment programs and to carrying out the investment policy on the municipal and regional levels. Any municipality has to solve a lot of problems concerning a decent level of economic and social development of the area and the life standard of their residents. In conditions of the constant shortage of financial resources needed to solve the objectives, the investment policy becomes the major tool. Its main aim is not only to attract extra resources but also to distribute them properly. It requires both some certain legal conditions which allow correct evaluation of the social and economic situation in the municipalities, investment climate, conditions for the investment activities infrastructure development and the properly developed business, investment and corporate culture of the population.For most of the Russian territories the problem of attracting investments into the real production sector remains urgent. The solution of this problem requires rational approach to the determination and selection of the most appropriate investment directions and the evaluation of the perspective investment projects development – suggestions and activities aimed at the achievement of the particular economic, social, ecological and other objectives requiring capital funds.The relevance of the examined problem leads to another important issue connected with the training of a highly skilled personnel capable of giving proper evaluation of the political situation in the country, specific features of tax policy, microeconomic indexes of the certain area and other factors essential for the investment activity.

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 Impact of the Lean Start up Method on Project Performance Indicators

2020 ◽  
pp. 80-82
Author(s):  
Ekaterina Pavlovna Burmistrova
Keyword(s):  
Project Management ◽  
Comparative Analysis ◽  
Performance Indicators ◽  
Project Performance ◽  
Start Up ◽  
Lean Startup

The article considers the Lean Startup method, highlights and reveals its features. Also, its provides a comparative analysis of this method with other approaches to project management. Special attention is paid to revealing the influence of the Lean Startup method on project performance indicators.

scholarly journals CURRENT ISSUES OF INVESTMENT PROJECT EVALUATION

2020 ◽  
Vol 30 (6) ◽  
pp. 792-798
Author(s):  
O.D. Golovina ◽  
O.A. Vorobyova
Keyword(s):  
Project Management ◽  
Performance Indicators ◽  
Selection Criteria ◽  
Investment Project ◽  
Project Performance ◽  
Project Managers ◽  
Decision Makers ◽  
Project Development ◽  
Strategic Development ◽  
Entire Complex

Evaluation of investment project performance indicators is one of the most important components of project management in any organization. It is carried out at every stage of project development and implementation, up to its completion. Due to the insufficient resources of companies to implement a set of projects, it is almost always necessary to select one or several projects from the entire complex. At the same time, one of the main selection criteria is the maximum compliance of the project with the company's strategic development vector. When calculating quantitative values that serve as a measure of evaluation for project selection, various kinds of inconsistencies and discrepancies between indicators often occur, which requires special attention from investors, project managers and other categories of decision-makers. The article discusses the main, fairly typical situations associated with the evaluation of real projects that arise in the practice of investment activities of companies.

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