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1
Atstāja, Dzintra, and Elīna Spāde. "Economic justification for the implementation of a circular economy." Economics. Ecology. Socium 4, no. 4 (December 30, 2020): 16–27. http://dx.doi.org/10.31520/2616-7107/2020.4.4-3.
Повний текст джерелаАнотація:
Introduction. This case study examines the economic justification for the implementation of a circular economy. The case study is structured in 2 parts. The first part describes the principles of circular economy and business models, covering the theoretical basis of this study. The theoretical basis includes a description of the principles of circular economy and the possible implementation of these principles in business operations. The second part evaluates the impact of the introduction of circular economy principles and business model on the company's financial performance and company value. The methods used are economic evaluation and investment decision methods and financial analysis, modeling and forecasting. The limitations are the research based on one company and the fact that the financial statement for 2019 was not submitted at the time of writing; however the results obtained are applicable to other companies and industries. The principles of circular economics and business models described in this case study can serve as a example for companies considering implementing the principles of circular economy in business operations.
Aim and tasks. The purpose of the study is to determine what the principles of circular economy are, how to implement them in business and how their implementation affects business results and company value. Following tasks have been defined in order to achieve the aim: describe the principles of circular economy, business and financing models; to analyze the business models of the circular economy in Latvia and in the world and to evaluate the impact of the implementation of the principles of circular economy and business model on the company's financial indicators and the company's value.
Results. Evaluating the investments made by the company AS “Cēsu Alus” and the planned investment projects related to the modernization of production equipment and improvement of efficiency, it can be concluded that the implementation of circular economy investment projects will be profitable. The company has opportunities to continue the investment project program; moreover, based on the experience of similar companies studied, AS “Cēsu Alus” can create additional revenue streams for the company when adopting circular economy principles.
Conclusions. Investing the company's funds in investment projects designed to improve the company's efficiency, ensuring resource savings and efficient use, which in turn leads to financial savings, the company's value increases significantly, thus concluding that circular economy investment projects that save resources and improve the efficiency of the company will make the greatest contribution to increasing the value of the company.
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Kozlovsky, A. V., N. A. Moiseenko, and O. E. Astafieva. "SELECTION OF INVESTMENT PROJECTS IMPLEMENTATION OPTIONS." Vestnik Universiteta, no. 4 (June 29, 2020): 160–65. http://dx.doi.org/10.26425/1816-4277-2020-4-160-165.
Повний текст джерелаАнотація:
The main unresolved issues of choosing the most effective investment projects aimed at introducing innovative technologies have been considered. The traditional indicators of investment efficiency have been analysed. The expediency of using the indicator of the total reduced costs necessary for the implementation of the project has been substantiated. Attention has been paid to the possibilities of public-private partnership in innovation projects. The issues of shares distribution between participants in innovation and investment projects and the use of such objects have been reviewed. The current situation in the investment and construction sector of the economy has been assessed and ways to solve the main problems of investment activity in the construction industry have been outlined. The expediency of creating a mechanism for economic justification of the investment project implementation process, including the creation of reserve funds, has been substantiated. Recommendations for using the indicator of the of the investor’s total stated costs have been given.
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Kutsygina, Olga, Oleg Shalnev, and Tatiana Smotrova. "Efficiency of investment projects and energy security of economic development." MATEC Web of Conferences 265 (2019): 07026. http://dx.doi.org/10.1051/matecconf/201926507026.
Повний текст джерелаАнотація:
Existing methods for assessing the efficiency of energy saving projects in housing and utility services are often of a local nature, which does not contribute to ensuring energy security. A methodology for the economic justification of the demand for energy carriers at affordable prices in the domestic and foreign markets is needed. The authors propose to solve the problem of rational use of fuel and energy resources in the system of three industries: capital construction, housing and utility services, and fuel and energy complex as interrelated sectors of the economy and economic turnover of fuel and energy resources.
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Borlakova, А. К. "ASSESSMENT OF INVESTMENT PROJECTS TAKING INTO ACCOUNT THE ECOLOGIC FACTOR." Strategic decisions and risk management, no. 6 (October 27, 2014): 94–98. http://dx.doi.org/10.17747/2078-8886-2012-6-94-98.
Повний текст джерелаАнотація:
The need to taking into account an environmental friendliness factor in the process of investment projects estimation is defined. The method of eco-economic estimation of the projects, which help to draw conclusions about the projects feasibility and to rank them according to the level of environmental and economic efficiency, is provided.To objective justification for the investment decision, the projects efficiency criteria is suggested to calculate with using the elements of the fuzzy sets theory, through which many uncertainties factors may be formalized and correctly considered in the estimation process.
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Soboleva, Elena. "Theoretical justification for development as an institution for the development of investment and construction." MATEC Web of Conferences 170 (2018): 01117. http://dx.doi.org/10.1051/matecconf/201817001117.
Повний текст джерелаАнотація:
The article is devoted to the theoretical aspects of development, project activities, the search and substantiation of the institutional importance of the development of this direction in the current economic situation in Russia, the construction industry, the problems of realizing development projects and the impact of the quality of operational evaluation of development projects on overall efficiency, efficiency and development of construction activities in a crisis and the quality of project management. An algorithm for the formation of development activity as an institution for the development of the investment and construction sphere in Russia has been developed. Theoretically, the algorithm and methodological approach to the quality management of the development project efficiency is justified.
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Кузина, Светлана Викторовна, and Павел Константинович Кузин. "JUSTIFICATION FOR CHOOSING THE DISCOUNT RATE IN INVESTMENT ANALYSIS." Вестник Тверского государственного университета. Серия: Экономика и управление, no. 3(55) (September 27, 2021): 21–28. http://dx.doi.org/10.26456/2219-1453/2021.3.021-028.
Повний текст джерелаАнотація:
Статья посвящена вопросам выбора ставки дисконта для приведения будущей стоимости денежных потоков к настоящей стоимости с помощью коэффициента дисконтирования. Целью исследования является анализ и обоснование выбора численного значения ставки дисконта в зависимости от источников финансирования инвестиционного проекта. Авторами приведены практические рекомендации по выбору метода оценки экономической эффективности привлечения инвестиций как для экономически обособленного инвестиционного проекта, так и для инвестиционного проекта, интегрированного в действующее предприятие. Научная новизна полученных результатов заключается в разработке методического подхода к выбору численного значения ставки дисконта для приведения будущей стоимости денежных потоков к настоящей стоимости с помощью коэффициента дисконтирования и к выбору приоритетного метода оценки экономической эффективности для экономически обособленных и интегрированных в действующее предприятие инвестиционных проектов. The article is devoted to the issues of choosing the discount rate for bringing the future value of cash flows to the present value using the discount coefficient. The purpose of the study is to analyze and justify the choice of the numerical value of the discount rate depending on the sources of financing of the investment project. The authors provide practical recommendations on the choice of a method for assessing the economic efficiency of attracting investment both for an economically isolated investment project and for an investment project integrated into an operating enterprise. The scientific novelty of the obtained results consists in the development of a methodological approach to the choice of the numerical value of the discount rate for bringing the future value of cash flows to the present value using the discount coefficient and the choice of a priority method for assessing economic efficiency for both economically isolated and integrated investment projects in an operating enterprise.
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Mackevičius, Jonas, and Vladislav Tomaševič. "MODEL FOR EVALUATING THE ECONOMIC EFFICIENCY OF INVESTMENT PROJECTS: ARCHITECTURE AND MAIN ASPECTS OF APPLICATION." Ekonomika 90, no. 4 (January 1, 2011): 133–49. http://dx.doi.org/10.15388/ekon.2011.0.920.
Повний текст джерелаАнотація:
Evaluation of investment projects is a complex multilateral process which also entails a great responsibility as its results form a basis for adopting investment decisions. These decisions, to a large extent, depend on the reliability and justification of the evaluation results: therefore, the process must be based on clear logic, acceptable assumptions and the duly selected methods that have been tested in practice. The paper contains an overview of the main principles of investment projects’ evaluation and a detailed analysis of the main requirements for the model architecture and its evaluation process.The authors propose a model for evaluating the economic efficiency of investment projects that has been described in detail and tested in practice. The model consists of a coherent evaluation scheme made of three phases and detailed algorithms of internal procedures. Such an architecture of the model enables a comprehensive analysis of investment projects of different types and a validation of the objectivity of evaluation results.
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Pozdnyakova, E. A. "Estimation of economic efficiency of mineral resource base development projects using the real options method." Russian Journal of Industrial Economics 11, no. 3 (November 5, 2018): 280–86. http://dx.doi.org/10.17073/2072-1633-2018-3-280-286.
Повний текст джерелаАнотація:
The article has indicated by the problem of assessing the effectiveness of investment projects of development of mineral resource base in the face of declining quality of raw materials and the transition to the working out of deposits with low content of useful components. The problem of providing with raw materials is relevant for the ferrous metallurgy of theRepublicof Uzbekistan. The decision can be the development of a deposit of titanium-magnetite ores «Tebinbulak» with low iron content. Justification of the effectiveness of such a project requires the use of modern tools. The article has substantiated the possibility of using real options to assess the economic efficiency of investment projects to develop the mineral resource base. In this paper we have considered the concept of real options in relation to the field of investment projects to develop the mineral resource base, have developed a classification of possible options in this area. To assess the value of real option of the project of develop the mineral resources base we have proposed to use Black– Scholes model, have given the interpretation of elements of model in relation to this sphere. On an example of field development project titanomagnetite ores «Tebinbulak» has evaluated the strategic value of the project with realigning option expectations.
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Anikina, Irina, and Andrey Anikin. "Methodological Tools of Management Decision Making on Supporting Regional Environmental Projects." Regionalnaya ekonomika. Yug Rossii, no. 4 (December 2020): 166–76. http://dx.doi.org/10.15688/re.volsu.2020.4.15.
Повний текст джерелаАнотація:
The purpose of the study was to develop a methodological toolkit for the substantiation of investment decisions on supporting regional environmental projects by state and private investors. The problem lies in the fact that traditional indicators of the efficiency of investment projects, such as net present value, budgetary efficiency, currently do not sufficiently meet the principles of sustainable economy, which underlie modern methodology for managerial decision making. The study of the opinions of investors shows their increasing willingness to take into account, when making investment decisions and decisions on financing projects, not only the economic efficiency, but also the impact of the results of companies’ activities on the environment and human health. At the same time, the question of how to take into account ESG factors (environment, social, governance) in the assessment of investment decisions remains controversial. The authors suggest a methodology that will contribute to the justification of management decisions regarding the support and stimulation of investment eco-projects. The method assumes a sequential passage of stages, at each stage the projects undergo an assessment procedure for compliance with the criteria that take into account the interests of various project stakeholders (government, investors, society) and the calculation of ratings: the rating of ESG factors and the rating of economic efficiency of eco-projects. The authors have also developed a matrix for managerial decision making to support an investment eco-project based on the analysis of the ratings obtained. The proposed conceptual approaches and models make it possible to clarify the methodological tools for effectiveness assessment of eco-projects, contribute to the improvement of the theory and practice of financial management, harmonization of ESG principles and investment management, adequate to the conditions of the concept of sustainable economic growth.
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Sotnyk, Iryna, Kostiantyn Zavrazhnyi, Volodymyr Kasianenko, Hynek Roubík, and Oleksandr Sidorov. "Investment Management of Business Digital Innovations." Marketing and Management of Innovations, no. 1 (2020): 95–109. http://dx.doi.org/10.21272/mmi.2020.1-07.
Повний текст джерелаАнотація:
This paper considers the issue of investment management of digital innovations in modern business. The main purpose of the research is the development of approaches to the investment management of the innovative digitalisation processes of the enterprises and justification of the economic efficiency of investment projects on innovative information technologies use in the context of their relationship with existing information solutions for enterprise management. The relevance of the research is the necessity to change the methods of doing and managing the modern business, taking into account the achievements of the Third and Fourth Industrial Revolutions, which form innovative business philosophy based on informatisation and digitalisation of manufacturing and delivery processes. The implementation of innovative digital technology in business processes requires significant costs and it raises the issue on their minimization. Systematization of literary sources and approaches for the investment management of industrial digitalisation indicates the absence of complex solutions for this problem. In this regard, based on a comparative analysis, the authors have revealed the features of business development in the conditions of the Fourth Industrial Revolution and justified the need for modern information systems integration for enterprise management on the platform of business processes digitalisation. In order to create the road map of business digital innovations, it is suggested that the Theory of Constraints should be used to determine which of the operating information systems of the enterprise (Business intelligence – BI; Enterprise Resource Planning – ERP; Manufacturing Execution System – MES; Industrial Internet of Things – IIoT) is to begin the digital transformation with. The stages of the project development for the digital transformation of an enterprise are designed based on the structural approach. The economic justification for the selection of alternative digitalisation projects is based on an assessment of the labour costs for implementing two variants of digital innovation of a business entity: a complex automation project with up-front modelling and an integration automation project with the gradual implementation of a new information system. The assessment results have shown the economic benefits of implementing the integration project as it provides 1.58 times fewer labour costs and can be realized by use of universal package solutions such as Business Automaton Software (BAS). The analysis of the results of the implemented business digitalisation projects in Ukraine and the world as well as the potential of planned ones has allowed generalising the effects of their implementation and confirmed the need for further development of the mechanisms for the investment management of business digital innovations. Keywords automation, business, digitalisation, efficiency, greening, ERP, information technology, innovation, investment management, project.
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Bendravičienė, Rita, and Natalia Romaniuk. "Economic Justification of the Investment Project of Constructing Objects of Mining and Processing Enterprise." Advanced Engineering Forum 22 (May 2017): 135–42. http://dx.doi.org/10.4028/www.scientific.net/aef.22.135.
Повний текст джерелаАнотація:
Methodical approach to assessing the investment programs of capital construction of technological facilities is suggested. It takes into account the specifics of the mining and processing enterprises. The ability to use borrowed funds as a source of financing is considered. The investment schedule of commissioning the crushing and shifting point is formed. It reflects the cash flows of the bank and mining and processing enterprise. Program of implementation of the investment projects is developed. It consists of four stages: the first stage – preparatory works; the second stage – beginning of construction works; the third stage – commissioning of the technological object, which gives the opportunity to profit before the appointed time; the fourth stage – commissioning technological object at full capacity, credit payment. Options of advance credit repayment are examined.
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Meta, Mehmed, and Dženis Bajramović. "The use of interest method in a ranking of alternative investment projects." Ekonomski izazovi 10, no. 20 (2021): 1–16. http://dx.doi.org/10.5937/ekoizazov2120001m.
Повний текст джерелаАнотація:
Among the methods of assessing the economic justification of investment projects which are based on the discount technique, the method of net present value and the method of internal rate of return have primary importance. In case where there are independent projects, the main rule is that the project will be accepted if its net present value is positive, i.e., if the internal rate of return is higher than the discount rate, that should not be implemented if its net present value is negative, i.e., the internal rate of return less than the discount rate. It usually happens that a project with a higher net present value has a higher internal rate of return, but it is not uncommon for a project with a higher net present value to have a lower internal rate of return and vice versa, that a project with a higher internal rate of return has a lower net present value. If investment projects with such characteristics are mutually competitive, in the sense that accepting one of them means rejecting the other, there is a problem in their ranking, in terms of answering the question which of the alternative projects is better, the one with higher net present value or the one with a higher internal rate of return? Such cases are treated in the literature as conflict situations in ranking. In this paper, we will limit ourselves to the application of one method of their solving, the method of additional interest rates, in one specific type of investment projects that are characterized by one-time investments in zero period and one-time effects that are promising in different time periods.
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Ірина Федоренко, Євгенія Шкарупа, and Катерина Шляпцева. "INVESTMENT DESIGN AS A BASIS FOR THE FORMATION OF INVESTMENT ATTRACTIVENESS OF AN INDUSTRIAL ENTERPRISE." Bulletin of the National Technical University "Kharkiv Polytechnic Institute" (economic sciences), no. 1 (December 28, 2021): 36–40. http://dx.doi.org/10.20998/2519-4461.2020.1.36.
Повний текст джерелаАнотація:
The article investigates the financial and economic essence of investment design and proves that having the diversity and abundance of sources of financing of various projects and programs in industrial enterprises there is an urgent need to form their investm ent attractiveness, which should be embodied in the form of an investment project. The main approaches to the definition of the concept of investment project are analyzed and the author's definition of this concept is given. The groups of methods for assessing the economic efficiency of investment projects, which allow to assess its economic efficiency, which increases the investment attractiveness of prospective domestic and foreign investors. Typical errors that may occur in the calculation of performance indicators of the investment project and adversely affect the investment attractiveness of an industrial enterprise are highlighted. It is proved that one of the most important and defining stages of the project cycle of investment design is project analysis, which is a set of methodological measures and techniques used for the preparation and justification of investment decisions. The main types of analysis that should be included in the project analysis of the investment project ar e defined. It is concluded that after all the studies preceding the investment decision, it is necessary to draw up a certa in final document that will allow the investor and the entrepreneur not only to accept, but also to fix, and when to be done to justify the hopes for the effective ness of the investment project. For this purpose, a standard document is drawn up, in which the concept of a real investment project – a business plan-is substantiated in detail. The business plan developed in the article makes it possible to find out the viability of the project in the conditio ns of market competition, contains guidelines for the further development of the enterprise, and is the main condition for the formation of investment attractiveness of an industrial enterprise in the modern investment climate of Ukraine.
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Клочков, Владислав, and Vladislav Klochkov. "Economic problems of investment resources’ allocation during the modernization of the aviation industry enterprises." Russian Journal of Management 3, no. 2 (April 30, 2015): 111–22. http://dx.doi.org/10.12737/11861.
Повний текст джерелаАнотація:
The problems of choice of enterprises-recipients of scarce investment resources for the projects of production capacities modernization are considered. The enterprises’ management shows their opportunistic behavior, seeking to request the excess investment amount. Investment projects often do not have economic justification, and new-built modern production facility will not be used efficiently. At the same time, more careful selection of recipients leads to delay in modernization projects’ implementation, reducing the potential savings in production costs. In the paper we propose simple methods of assessing losses arising from restricted rationality of the resources’ dispatchers in the allocation of funds to enterprises that are unable to ensure effective capacity utilization, as well as losses due to the time lag in the decision making. This allows you to develop cost-justified recommendations for improving the processes of decision making. All models are designed to use only available statistical information. The calculations are performed taking into account economic specificities of the aviation industry, but the proposed approaches can be adapted to other industries that are experiencing similar management problems.
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Polova, Alyona, Nataliia Maksyshko, and Oksana Vasylieva. "Modeling the assessment of investment projects for territorial communities in compliance with the concept of sustainable development." E3S Web of Conferences 280 (2021): 04008. http://dx.doi.org/10.1051/e3sconf/202128004008.
Повний текст джерелаАнотація:
The article is devoted to the problem of evaluation and selection of investment projects aimed at the development of territorial communities (TC) and take into account the need to pursue the goals of sustainable development at the local level. In the context of decentralization reform, attracting investment funds is the leading activity of local self-government. And to ensure the transparency of management and presentation of its results to the governing bodies of TC need new scientific methods to justify the choice of one or more projects from a variety of alternative solutions. Decision-making taking into account the concept of sustainable development determines the evaluation of investment projects in terms of their effectiveness in finding a balance between social, economic and environmental components. The peculiarity of comparative analysis is taking into account the qualitative assessment, so to make optimal investment management decisions, a model is proposed, developed on the basis of fuzzy logic and implemented using tools Fuzzy Logic Toolbox. The article builds and substantiates an improved fuzzy model for evaluating investment projects for TC development. The improved model is based on a system of 15 quantitative and qualitative indicators of achieving goals in the social, economic and environmental components of the concept and allows for a “soft” assessment of the investment project. This model is used to substantiate the decisions of the TC of Zaporizhzhia region and can be used in the development of decision support systems at the level of TC for quantitative justification of decisions, conducting variant calculation.
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Sheina, Svetlana, Natalya Tsopa, and Lubov Kovalskaya. "Assessment of the business potential impact on the controllability of an investment-construction project." MATEC Web of Conferences 196 (2018): 04041. http://dx.doi.org/10.1051/matecconf/201819604041.
Повний текст джерелаАнотація:
The article discusses the important applied problem dedicated to the theoretical and methodological justification for assessing the impact of business potential on the controllability of an investment-construction project. It is proved that the business potential of the investment-construction project characterizes its potential managing opportunities. In the article the terms of the theory of controlled development of investment-construction projects are formalized. Business potential of the project is considered as a set of four components: organizationally-technological, economic, financial and human resources. In order to determine the level of controllability of the investment-construction project business potential, an algorithm was developed for assessing the project. This algorithm involves four basic stages: preparation, application development, analytical and operational stages. The algorithm developed in the article was approved by an example of the project for the construction of a car showroom. The level of investment-construction project business potential sustainability is defined by a special scale. The results of the project business potential assessment allow to make target regulation solutions for the project development.
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Maksyshko, Nataliia, Oksana Vasylieva, and Alyona Polova. "Method of investment projects evaluation for territorial communities taking into account the concept of sustainable development." E3S Web of Conferences 166 (2020): 13020. http://dx.doi.org/10.1051/e3sconf/202016613020.
Повний текст джерелаАнотація:
The article is devoted to solving the problem of evaluation and selection of investment projects aimed at developing territorial communities, taking into account the concept of sustainable development. The problem of choosing from possible alternative solutions is not easy for decision makers and requires qualified justification. This is especially important in the context of decentralization reform, advancement of Ukraine towards society openness, increase of transparency requirements to the authorities and their results. Decision making on the basis of the sustainable development concept determines the evaluation of investment projects in terms of their effectiveness in solving problems of social, economic and environmental nature, finding a balance between these components. The peculiarity of the assessments is not so much quantitative as qualitative character, which makes it expedient to use the apparatus of fuzzy logic. The fuzzy model of evaluation of investment project aimed at developing a territorial community is constructed and substantiated in the work. The model is based on quantitative and qualitative evaluations of the social, economic and environmental components of the concept and enables a “soft” – qualitative evaluation of the investment project under consideration. Modeling results are based on the method of deciding on the choice of investment projects for the development of territorial communities. The proposed model and method are implemented by the Fuzzy Logic Toolbox application, were applied to substantiate decisions for the territorial community of Zaporizhzhia region, and can be used in the development of decision support systems to quantify the decisions and variant calculations.
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Rogacheva, Yana, Andrey Panenkov, Zinaida Petrikova, and Ekaterina Nezhnikova. "Justification of directions of technological and price audit systems changes for the purpose of high-rise construction innovating." E3S Web of Conferences 33 (2018): 03037. http://dx.doi.org/10.1051/e3sconf/20183303037.
Повний текст джерелаАнотація:
Improving the quality of high-rise buildings under modern conditions should be based not only on compliance with the norms of technical regulations, but also on ensuring energy efficiency, environmental friendliness, and intellectuality, which can be achieved only through the introduction of innovations at all stages of the life cycle of the investment project. Authors of this article justified the need for a mechanism of technological and price audit of projects. They also suggested the model of life cycle of organizational and economic changes, connected with implantation of the mechanism of projects audit. They showed innovation character of ecological high-rise construction for the whole life cycle. Authors also made proposals to change the audit system for high-rise construction projects in the focus of its environmental friendliness.
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KUZMIN, Oleh, and Hanna KOMARNYTSKA. "Methods and approaches for evaluation of economic efficiency of public-private partnership in the investment-innovation activity development." Economics. Finances. Law, no. 11 (November 21, 2019): 30–35. http://dx.doi.org/10.37634/efp.2019.11.6.
Повний текст джерелаАнотація:
The article defines the preconditions for the efficient assessing the economic effectiveness of public-private partnerships in terms of investment and innovation activities (the need to identify the existing limitations of such assessment, which can help in achieving social, economic, informational, legal and other types of effects; the need to identify the genuine value added of a public-private partnership entity creation/improvement (it is about the utility for public and private partners and other stakeholders); the need to implement in the public-private partnership projects those options that will maximize the expected effects, taking into account regulatory constraints and the minimum cost of resources involved; the need to compare the expected and actual effects of the public-private partnership project). The risks of public-private partnership projects are identified and characterized, including those identified by the current regulatory framework (level of product demand, investment costs, operating expenses, operating income, financing conditions and discount rates, taxes and contributions, as well as currency courses and price dynamics). Methodological provisions on quantification of public-private partnership risks are presented. The main methods and approaches to assessing the cost-effectiveness of public-private partnership in terms of investment and innovation activities were displayed (classical financial methods, qualitative analysis tools, probabilistic methods, portfolio analysis, project approach, budgetary approach, qualitative, financial or combined models). Traditional financial techniques in the field of such economic efficiency estimation are considered (profitability index, payback period, internal and average rate of return, level of investments profitability, etc.). Listed are the so-called new practical guidelines aimed at assessing the cost-effectiveness of public-private partnerships in terms of investment and innovation activity, in particular: Total Cost of Ownership (TCO), C/SCSC (Cost/Schedule Control Systems Criteria – cost-time diagnosis), IT Scorecard (Modified Balanced Scorecard Application (taking into account known public-private partnerships projections of a balanced scorecard), Activity Based Costing (ABС - applying functional and value analysis), Applied Information Economics (AIE), Total Economic Impact (TEI), Total Value of Opportunities (TVO), Rapid Economic Justification (REJ). It is summarized that theory and practice have formed many methods and approaches to evaluate the economic efficiency of public-private partnership in the conditions of investment and innovation activity development. Each of them has its advantages and disadvantages, as well as clearly defined conditions of practical application. Two or more of these approaches should be used to make more substantive conclusions on the cost-effectiveness assessment.
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Larin, Oleg N., and Aleksandr D. Kulakov. "Improvement of the indicators for assessing social and economic eff ects for projects of transport xand logistics infrastructure development." Innotrans, no. 2 (2020): 3–6. http://dx.doi.org/10.20291/2311-164x-2020-2-3-6.
Повний текст джерелаАнотація:
The methodological aspects for assessing socialeconomic effects from transport and logistics infrastructure development are reviewed in the article. In order to improve quality and justification for investment funding it is recommended for assessing social and economic effects to use the indicators which reflect interests of private investors, state bodies and population of regions.
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Bugarin, Dejan, Ivan Jelić, Miljan Gomilanović, and Aleksandar Doderović. "Application of the COMFAR III software package in development a feasibility study of investment on an example of technical-construction stone of the open pit Gelja Ljut." Mining and Metallurgy Engineering Bor, no. 3-4 (2020): 67–80. http://dx.doi.org/10.5937/mmeb2004067b.
Повний текст джерелаАнотація:
This work presents the application of the COMFAR III software package in development a feasibility study of investment. The application of this program enables an efficient analysis of investment justification and numerous variations of both input and graphic and alphanumeric output data. The methodological basis of economic analysis, used in this software package, is based on decades of experience of economists, engineers, managers, ecologists and experts from the other fields, as well as on the experience of numerous investment projects within the United Nations Industrial Development Organization. The applied methodology is the current standard in the field of economic evaluation and analysis of the industrial development projects. The software package was used on a specific example of the open pit of technical stone Gelja Ljut-Gacko, in a function of providing the concession right of this deposit for the needs of the Gacko Mine and Thermal Power Plant.
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Guliy, Ilia M. "Methodology for assessing the economic effects of investing in digital technologies in transportation." Transportation Systems and Technology 5, no. 4 (December 24, 2019): 124–33. http://dx.doi.org/10.17816/transsyst201954124-133.
Повний текст джерелаАнотація:
Aim: to substantiate the approach and describe the methodology for assessing the economic effects of investing in digital technologies; on the example of the transport complex and railway transport organizations to reveal the algorithm for assessing the effects of digital investments on the dynamics of costs and financial results.
Methods: the article uses the method of retrospective analysis of the relationship of investment growth in digital technologies with the dynamics of indicators of operating performance of individual transport organizations and the transport complex as a whole.
Results: it is proved that with proper investment in digital technologies, the main elements of operating costs of transport organizations are saved: labor costs, materials costs, fuel and energy. The proposed approach is of practical importance in the process of preparing the economic justification of the provisions of programs and projects for the introduction of digital technologies.
Conclusion: The expected effect of further growth of investments in digital technologies for transport as the most important infrastructure sector of the economy is estimated: the expected values of annual savings in labor costs, material resources costs, commercial and management costs.
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BUDAGOV, A. S., and R. V. MOLCHANOVA. "EFFICIENCY OF THE INNOVATIVE PROJECT LLC «INSTITUTE STROYPROEKT»." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 2, no. 6 (2021): 30–36. http://dx.doi.org/10.36871/ek.up.p.r.2021.06.02.006.
Повний текст джерелаАнотація:
An innovative project of LLC «Institute Stroyproekt» was chosen as the object of research. The program of construction and installation works, the average annual production capacity of a construction organization, the effectiveness of personnel policy and administrative and economic costs, indicators of proceeds from product sales are linked by the authors with the efficiency of the economic activity of the enterprise and prof-itability indicators. The analysis summarizes the payback of the innovative project and the payback step, as well as the project's net present value and the internal rate of return. The article presents an assessment of the effectiveness of an innovative project using a discounted method for assessing investment and innovation projects. The authors noted that the innovation process, in addition to fundamental research, includes the determination of rational ways of practical implementation of development results through the implementation of research and development work and development work aimed at reengineering means of production, ma-terials, technologies and business processes, with the preparation of technical and economic justification and subsequent commercialization.
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Orlova, Kristina Yu. "Formation of innovation and investment development directions of the Samara Region systemic enterprises." Vestnik of Samara University. Economics and Management 12, no. 2 (August 5, 2021): 67–77. http://dx.doi.org/10.18287/2542-0461-2021-12-2-67-77.
Повний текст джерелаАнотація:
The article discusses the directions of innovation and investment development of the strategic, system-forming, enterprises of the Samara Region, which were determined on the basis of an analysis of information about the real situation (20182020) and the planned future (from 2021), obtained as a result of a questionnaire survey of managers about the directions of investment, criteria for making investment decisions, as well as the strategic goals of investment plans. The analysis of investment directions was carried out, on the basis of which the types of investment activity of enterprises were identified as active, proactive and passive. Criteria for making investment decisions are considered, on the basis of which the types of investment behavior of enterprises were divided into leader behavior associated with the economic justification of investment decisions, and follower behavior characterized by an empirical decision rule. The average values of the investment projects characteristics the payback period of investments, the excess of the rate of return over the loan rate, and the discount rate required for making a decision on investment, as well as the volumes of investment projects in different periods are given. On the basis of the investment objectives considered, three types of strategies of system-forming enterprises are formulated: aggressive, moderate and conservative. Based on the analysis of the results of the survey, the features of innovative activity, as well as the directions and prerequisites for the innovative development of the Samara Region strategic enterprises are determined.
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Smirnova, O., and S. Chelak. "Risks, legal features and economic justification when setting up an enterprise." National Security and Strategic Planning, no. 2 (August 15, 2021): 58–72. http://dx.doi.org/10.37468/2307-1400-2021-2-58-72.
Повний текст джерелаАнотація:
The purpose of the article is to substantiate the effectiveness of creating a small business enterprise in the field of sports and educational services.
Based on the analysis of the market of cultural and educational services and modern Russian small business, the legal features and risks that need to be taken into account for doing business in this direction were identified.
Based on the standard structure of the business plan, a scheme for the organization of a small enterprise was developed, which takes into account the previously identified market features. A business plan, market analysis and marketing strategy, organizational plan and financial plan can be put into a combination of a business project and a sports hobby.
The economic efficiency of the project is justified by calculating such indicators as net income, net discounted income, the payback period of investments, the internal rate of return, and the return on investment.
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Masterov, A. I. "Program-Target Budgeting as a Tool for Investment Stimulation of Business." Economics, taxes & law 11, no. 3 (November 6, 2018): 77–82. http://dx.doi.org/10.26794/1999-849x-2018-11-3-77-82.
Повний текст джерелаАнотація:
The paper discusses the use of the program-targeted budgeting methodology in the investment stimulation of business in the most problem sectors of the economy. The subject of the study is the dynamics of business activity in key economic sectors adversely affected by factors of the economic and geopolitical nature. The purposes of the study were to identify the key factors that have a negative impact on economic growth and seek options for investment stimulation of business activities in the most problem sectors of the economy using state budget funds. It is concluded that the current practice of budget investment is associated with significant risks and poor justification of investment decisions. Therefore, the American practice of the program budgeting in the implementation of large investment infrastructure projects using budget funds seems to be advantageous. Based on the research findings, methods for increasing the effectiveness of program-target budgeting tools under the Russian conditions are proposed.
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Kolodiziev, Oleh, Viktoriia Tyschenko, and Kateryna Azizova. "Project finance risk management for public-private partnership." Investment Management and Financial Innovations 14, no. 4 (December 25, 2017): 171–80. http://dx.doi.org/10.21511/imfi.14(4).2017.14.
Повний текст джерелаАнотація:
The development of public-private partnership in Ukraine in recent years has become very important as an instrument of anti-crisis orientation. The real economic situation objectively creates the preconditions for more effective use of this mechanism and institutes of public-private partnerships in order to ensure sustainable economic development, obtain new ones and improve the quality of public services provided to the population.The objective of the research is to identify the components of project finance risk management and to provide justification of effective and balanced sharing of risks between public and private partners as the prerequisite and the main principle of effective implementation of public-private partnership.The authors used the following research methods: systemic approach, theoretical and empirical methods of scientific knowledge.This paper examines types of investment project financing by banks based on public-private partnership. It defines the structure of public-private partnership according to sources of capital investment in the project vehicle. The paper identifies components of the risk management process in project finance. It proves that a balanced distribution of risks between the private and public partners is the key requirement and the primary principle of effective public-private partnership. In this way, the need for mobilization of additional financial resources for implementation of investment projects calls for extended cooperation of state agencies and banks as a part of the effort of economic crisis management.
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ISCHENKO, N. V. "ESTIMATION OF ECONOMIC EFFICIENCY OF INVESTMENTS IN DEVELOPMENT OF INTENSIVE TYPE GARDENS." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 3, no. 10 (2020): 51–55. http://dx.doi.org/10.36871/ek.up.p.r.2020.10.03.011.
Повний текст джерелаАнотація:
The article substantiates the need for the development of horticulture as the most important sub-sector of crop production. Objectives-justification of the need for the development of horticulture based on the inten-sification of the industry, the use of innovative anti-hail systems and the assessment of the economic efficiency of investments. The typology of apple orchards is revealed, the prospects of using innovative technologies in the industry due to the use of the advantages of super-intensive gardening are argued. An investment project is proposed and its effectiveness is evaluated.
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Sytnyk Ye. А. "Improvement of Regulatory Policy and Investment and Financial Calculations for the Formation of a Favorable Investment Environment in the Old Industrial Region." Herald of the Economic Sciences of Ukraine, no. 2(41) (December 16, 2021): 100–105. http://dx.doi.org/10.37405/1729-7206.2021.2(41).100-105.
Повний текст джерелаАнотація:
Based on the review of program documents on the development of Donetsk and Luhansk regions, the article analyzes the shortcomings of the state strategies of economic development of Donetsk and Luhansk regions as an old-industrial region. Identified the main shortcomings of regulatory policy in terms of increasing transaction costs, and proposed modified formulas for improving the investment and financial calculations carried out during the justification of investment projects, in order to create a favorable investment environment in the old industrial region. An assessment of changes in the investment environment and changes in the role of industry as a leading type of economic activity. A number of shortcomings in the formation of favorable investment opportunities and weaknesses in state regional development programs have been identified. The list of subjects of the special regime of investment activity in the old industrial regions is revealed. On the basis of the components of the rating of doing business according to international comparisons, negative trends in the formation of the business climate in Ukraine have been identified. The need to adjust the standard set of measures to ensure the effective implementation of TPD within Donetsk and Luhansk regions has been proved. The necessity of taking into account transaction costs when calculating well-known criteria for the feasibility of investment projects is substantiated.
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Bind, Vyacheslav, Oleksandr Kucherenko, Khrystyna Chupryna, Yurii Chupryna, Maksym Нorbach, and Serhii Petrukha. "COST-ENGINEERING COMPONENTS FOR PREVENTING ECONOMIC DESTRUCTION IN THE ACTIVITIES OF PARTICIPANTS OF CONSTRUCTION DEVELOPMENT PROJECTS." Management of Development of Complex Systems, no. 45 (March 1, 2021): 121–30. http://dx.doi.org/10.32347/2412-9933.2021.45.121-130.
Повний текст джерелаАнотація:
The article is devoted to solving the scientific problem of developing theoretical provisions and providing methodological and applied recommendations for improving approaches to economic assessment and substantiation of engineering projects of construction enterprises. The relevance of scientific research is due to the need to implement a large-scale program for updating the technical and technological base of most domestic enterprises based on replacing outdated types of equipment, technologies and models of construction production management, as well as improving methodological approaches to organizing and managing an enterprise. A significant amount of work on the development and implementation of these measures can be carried out by specialized organizations - engineering firms. However, the feasibility of purchasing their services by construction companies requires a preliminary justification through the development of appropriate engineering projects. Cost engineering as a complex solution to the Customer's problems is indeed a topical product that will increasingly be in demand on the market. Especially in the current conditions, when the key task for any company is to reduce costs, both during the construction phase and during the operation of the facility. The cost engineering of investment and construction projects is closely related to the concepts: project risk management, complex project cost management (TCM - total cost management). Integrated project management can use all methods and tools of value engineering, such as technology audit, price audit, earned value methodology, etc.
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Зінченко, Олена Антонівна, та Дмитро Сергійович Зінченко. "ФОРМУВАННЯ ІНВЕСТИЦІЙНОЇ ПРИВАБЛИВОСТІ КРАЇНИ В АСПЕКТІ ЕКОНОМІЧНИХ КЛАСТЕРІВ ЯК ФАКТОР АКТИВІЗАЦІЇ ТРАНСКОРДОННОГО ПАРТНЕРСТВА". Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences 131, № 1 (5 червня 2019): 8–19. http://dx.doi.org/10.30857/2413-0117.2019.1.1.
Повний текст джерелаАнотація:
In market realia, the ultimate purpose for starting any organization, including transnational clusters, is to gain optimum return on financial investments. Currently, boosting investment in transnational clusters in effect depends mainly on the participants in this cluster. Thus, the issues of finding pathways to control the profitability and competitiveness against the financial and business performance of transnational clusters come within the competence of the top management of participating businesses. In this context, good management practices provide the framework for creating positive image of domestic enterprises and their investment attractiveness. The paper offers an overview of economic, legal and institutional premises to foster cross-border partnerships in terms of building an overall country’s investment attractiveness. The aim of this study is to identify the factors affecting investment attractiveness of Ukraine through the development of cross-border economic clusters and implementing international economic partnership projects with shifting a focus towards investing in innovation. The methods of system analysis and synthesis, logical structured analysis and scientific justification have been employed. The paper explores the investment climate of the European Union using the case studies from Estonia and the Czech Republic along with revealing the role of transnational economic clusters in building a country’s investment attractiveness and providing insights on legal framework regulating cross-border partnerships. The findings expand understanding of cross-border cluster development capacities. An emphasis is put on the need for more extensive application of intellectual and innovative potential of domestic cluster participants. It is argued that under cluster creation and functioning it is critical to change a vector towards achieving higher efficiency, quality assurance, greater profits and competitiveness of domestic businesses. A range of government programs focused on attracting international investment, in particular, the ones promoting the development of cross-border clusters have been discussed.
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Iryna, HANECHKO. "WORLD MARKET OF PROJECT FINANCING: INDUSTRIAL STRUCTURE." Foreign trade: economics, finance, law 119, no. 6 (December 22, 2021): 119–30. http://dx.doi.org/10.31617/zt.knute.2021(119)10.
Повний текст джерелаАнотація:
Background. The domestic economy remains systemically underfunded due to lack of domestic financial resources and low investment attractiveness for foreign investors. The deepening of this problem is also caused by the situation with COVID-19, which has led to a decrease in global cash flows in the world. Obtaining cross-border investment flows in various sectors of the economy is associated with project financing, the development of co-financing and the use of PPPs. There is a question of research of modern tendencies of development of project financing which change according to present challenges, for the purpose of implementation of experience of foreign countries in the Ukrainian practice of development of investment activity. Analysis of recent research and publications has shown that in the context of abrupt changes, challenges and crises, leading to reduction oflong-term investments, the issue of using large-scale project financing to guarantee future profits (project financing) to develop priority sectors of the economy and individual regions of the country remains relevant. The aim of the work is to study the global industry trends in the development of project financing, taking into account the new socio-economic realities and justification of the feasibility of using world experience in Ukrainian practice. Materials and methods. The research methodology is based on a system of general scientific and special methods, in particular: abstract-logical, analysis, synthesis, comparison, grouping, generalization, graphical method, statistical methods for assessing the dynamics and structure. Legislative documents, scientific works of domestic and foreign scientists, statistical information became the information base of this research. Results. The modern tendencies of the global market of project financing, dynamics of its volumes and branch structure are investigated. The directions of project financing by the main sources are analyzed: bank loans and bond loans. The expediency of using international experience in the implementation of large-scale investment projects in various sectors of the economy of Ukraine using schemes and methods of project financing is substantiated. Conclusion. The introduction of experience in the implementation of investment projects using project financing schemes in Ukraine should contribute to the formation of demand for long-term investments, including foreign ones. This practice of project implementation allows to modernize the economy, increase the potential of regional development and integrate into global value chains.
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Markovskaya, Elisaveta, Viktoria Holodkova, Dmitry Radushinsky, Oksana Feoktistova, and Anzhelika Borisova. "Public-private partnerships: approaches to assessing economic effects for stakeholders." MATEC Web of Conferences 170 (2018): 01047. http://dx.doi.org/10.1051/matecconf/201817001047.
Повний текст джерелаАнотація:
The article is devoted to the development of such a form of state property management as a public-private partnership. Public-private partnership is one of the most widespread format of interaction between the state and business. The article analyzes the legal foundations and trends in the development of this form of interaction. Modern methods for assessing risks, benefits and effects for different stakeholders of projects implemented in the form of PPPs are considered. The authors propose their approach to building a financial model and assessing the effects of PPP projects. Taking into account risks, the fair price of participation in the PPP project for both parties is estimated. The proposed financial model can be used to calculate the concession fee in tariff-regulated projects where the state is supposed to participate, usually with the subsequent transfer of the ownership for the created object to the state. The results of the work can be used by departmental and regional centers of public-private partnerships, by specialists of private investor companies and tariff regulation bodies when formulating the financial and economic justification for public-private partnership projects, justifying its preference in comparison with other forms of state budget investments.
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PLYASKINA, А. I., and K. V. PIGOL. "FEATURES OF ENTERPRISE MANAGEMENT USING SCIENTIFIC METHODS OF INTERNATIONAL MANAGEMENT." Economic innovations 23, no. 3(80) (August 20, 2021): 286–90. http://dx.doi.org/10.31520/ei.2021.23.3(80).286-290.
Повний текст джерелаАнотація:
Topicality. One of the modern features is the growth of economic interdependence of countries in the context of globalization and diversification of commodity, financial, investment and other markets. This trend determines the specifics and features of the development of foreign economic activity, which plays a crucial role in strengthening international integration processes. In the researched scientific works considerable attention is paid to the organization of foreign economic activity, research of aspects of efficiency of management of foreign economic activity.Aim and tasks. In view of this, the main purpose of the study is to systematize approaches to determining the financial management of foreign economic activity and outlining its own vision for the realities of the domestic economy.Research results. Financial management as a system of principles, means and forms of organization of monetary relations of the enterprise, aimed at managing its financial and economic activities, which include: development and implementation of financial policy of the enterprise; information support; evaluation of investment projects and formation of a "portfolio" of investments; current financial planning and control. Evaluation of investment efficiency is central to the process of justification and selection of possible options for investing in investment projects, and therefore is the key to successful investment activities. Among these tools the author singles out: financial planning of financial flows; purchase and sale of currencies to service various transactions; purchase and sale of shares and other securities on international financial markets; operating with own securities in foreign markets; currency risk management. In the scientific literature we also emphasize the concept of international financial management, which is interpreted as a system of economic decisions arising from the implementation of financial management in the internationalization of economic activity of the firm. In our opinion, the proposed definition is too narrow for the concept of international financial management, but it can be used to define the concept of financial management of foreign economic activity. Thus, the concept of financial management of foreign economic activity combines three categories, namely finance, management and foreign economic activity.Conclusion. Management of investment attractiveness of domestic enterprises is based on the analysis of indicators of financial condition, while effective management of financial activity of the enterprise is provided by realization of the basic principles of financial management as a component of the general management of the enterprise. Our study is determined by sound recommendations and suggestions for improving modern methods and introducing more modern approaches to improving the efficiency of enterprise management in the international arena.
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Kryukova, Iryna. "Priorities for the development of investment activity in the agricultural sector of Ukraine in the context of modern European trends." INNOVATIVE ECONOMY, no. 1-2 (2021): 12–19. http://dx.doi.org/10.37332/2309-1533.2021.1-2.2.
Повний текст джерелаАнотація:
Purpose. The aim of the article is the analysis of current trends in investment support of the domestic agricultural sector in the context of current European practice and justification of promising areas of investment activity in agriculture of Ukraine. Methodology of research. A set of general scientific and specific methods of economic research is used when writing the article, in particular, methods of theoretical generalizations: analysis, abstract and logical method (substantiating modern trends in investment support of the agricultural sector of Ukraine and the EU); economic and statistical methods (when assessing the dynamics of investment in the domestic agricultural sector); methods of comparison and scientific synthesis (in substantiation of priority forms and directions of development of investment activity of agriculture of Ukraine taking into account the leading experience of the European practice); methods of graphic display of the received results of researches. Findings. It is determined that the level of investment security and investment activity of the national agricultural sector, in comparison with European practice, remains low. Significant differences are also characterized by key areas of investment in agriculture in Ukraine and within the EU agricultural sector. The main tendencies of investment support of agribusiness of European countries are analysed, features of financing of investment projects and tendencies of shift of geographical structure of agrarian investments towards the countries of North Africa and Asia are revealed. Some aspects of the European policy of investment in the agricultural sector of the Ukrainian economy are analysed. The financial and geographical structure of sources of investment flows of domestic agriculture is studied. Originality. The priorities of investment activity of the agrarian sector of the national economy are combined with the key modern tendencies of investment provision of agriculture of the EU countries for realization of possibilities of search of joint investment directions and projects, and also financial instruments of their realization. Practical value. The trends and features of investment support of the agricultural sector of Ukraine in the context of modern European practice revealed as a result of research allowed to substantiate the priority areas of further development of investment activities and possible options for its financial support in the domestic agricultural sector in the near future. Key words: investment flows, investment activity, agrarian sector, agribusiness, financial provision, EU countries, strategic development.
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Ćetković, Jasmina, Miloš Knežević, Slobodan Lakić, Miloš Žarković, Radoje Vujadinović, Angelina Živković, and Jelena Cvijović. "Financial and Economic Investment Evaluation of Wastewater Treatment Plant." Water 14, no. 1 (January 5, 2022): 122. http://dx.doi.org/10.3390/w14010122.
Повний текст джерелаАнотація:
Improved Cost-Benefit Analysis (CBA) analysis requires a broader analytical framework, in order to perceive each project individually from the perspective of potentially measurable and significant effects on the environment and society as a whole. The main goal of our paper is to assess the financial and economic justification for variant V3 (as the most technically optimal) of the wastewater treatment plant (WWTP) construction project in Nov Dojran, North Macedonia, with the purpose of advancing municipal infrastructure and environmental benefits from improved water treatment. Based on the economic analysis conducted, we conclude that the investment in the WWTP project is justified, because the economic internal rate of return is higher than the opportunity cost of capital (EIRR = 16.38%), the economic net present value is higher than 0, and EBCR (benefit-cost ratio) is greater than 1 (EBCR = 2.11). The highest environmental benefit of 49.2% in total environmental benefits is associated with nitrogen, while phosphorus is the next pollutant in the structure of environmental benefits at 46.1%. The environmental benefits of removing biological oxygen demand (BOD) and chemical oxygen demand (COD) are significantly less important, despite the removal of significant amounts of these pollutants during treatment. The situation is similar with suspended particles.
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Almagro, A. J. "Efficient use of subsidies in the financing of water and wastewater investments." Water Supply 5, no. 6 (December 1, 2005): 197–207. http://dx.doi.org/10.2166/ws.2005.0065.
Повний текст джерелаАнотація:
Compliance with the European Union (EU) standards in the provision of water supply and wastewater services, as set forth in the relevant EU Directives, may require a significant investment effort for some countries and more specifically the new Member States. In order to ease this effort, these countries have the possibility of receiving subsidies from the European Commission to finance their investments. Using as a reference the standard methodology applied by the European Commission to define its intervention rate in a project, this paper focuses on the economic rationale and risks behind the investment subsidies in the sector. The questions asked are (a) what is the economic justification of this kind of investment subsidy and who are the target beneficiaries; (b) what factors may cause these subsidies to reach other economic agents; and (c) what measures would prevent those unexpected transfers of taxpayer resources. The results of the analysis indicate that, although the underlying methodology is economically sound, there is a significant risk that part of the subsidies may end up benefiting economic agents other than those originally targeted. However, this risk can be easily mitigated with some basic checks and balances during the calculation of the intervention rate. The views expressed in this paper are strictly personal.
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Zhura, Svetlana, and Vladimir Markin. "Ways of improving tariff regulation efficiency." Revista Amazonia Investiga 10, no. 45 (October 29, 2021): 148–57. http://dx.doi.org/10.34069/ai/2021.45.09.16.
Повний текст джерелаАнотація:
The system of tariff regulation in the Russian Federation has been experiencing improvements since the beginning of the transition period and up until today. The issues of tariff regulation are given particular attention to both in the Russian Federation and abroad. At the time, tariffs do not form subsequent to certain economic waves, but are in most cases described by an annual regulation cycle and a quite limited range of regulation with regard to the long-term horizon. The authors have analyzed average consumer prices (tariffs) for particular services along with producer price indices by types of economic activities and average annual producer prices for main energy resources in Russia over the last 20 years based upon the official statistical data. The authors conclude that it is necessary to introduce new ways of improving tariff regulation efficiency. Among the priority ways are the following: formation of an investment-worthy tariff and justification of the supporting tariff for crucial social projects; digital tariff modeling and etc. All these changes require methodological justification and further development of the variable supporting tariff theory in order to test new cyclic models of regulation matching the cyclic economy of the country.
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Lukmanova, Inessa G., and Natalia Yu Yaskova. "On investment and construction activity tasks in the context of Russian spatial development trends." Vestnik MGSU, no. 6 (June 2019): 774–84. http://dx.doi.org/10.22227/1997-0935.2019.6.774-784.
Повний текст джерелаАнотація:
Introduction. Russian spatial development strategy elaborated for the period up to 2025 set new targets for investment and construction sphere of the state. Importance of systematic approach to investment and construction activity (ICA) tasks is determined by the necessity of shifting the centers of regional economic development according to state global prospective advantage demands. Methods of analyzing condition and potential of activity in different regions and economic sectors as well as at diverse stages of project and reproduction cycles do not allow solving the integrated development problem of all investment and construction activity types depriving it of realization possibility of intraindustrial synergetic effects. It presumes elaboration of new methods of structural analysis, scientific and practical importance of which is connected with justification of investment and construction harmonization directions for the purpose of strategically necessary spatial maneuver. Materials and methods. Works of leading scientific schools in the field of construction development, methodological approaches to the justification of analytical instruments and alternative scientific ideas on increasing economic capacity of construction are analyzed. Basing on structuring method of problematic space of construction development, the authors elaborate a new format of structural intraindustrial analysis providing systematic integrity of construction as the basis of practical implementation of modern Russian development trends. Results. Fulfilled analysis revealed restraints in posing tasks of ICA integral development connected with the absence of scientifically justified approaches to structural analysis along with the necessity of comparative analysis criteria elaboration within both national economy sectors and types of activity as well as stages of project and reproductive cycles. Conclusions. Importance of proposals on widening the tasks and modifying the format of ICA structural analysis is determined by the necessity of moving towards integral effect of harmonious industry-specific development with the use of sectoral and typical advantages of construction as well as scientific justification of integral aims and tasks of sectoral management system development.
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Lavryk, Oleksandr, and Ruslan Ponomarenko. "PROJECT FINANCING AND ITS ROLE IN THE MODERN ECONOMY OF UKRAINE." Economic Analysis, no. 27(4) (2017): 139–44. http://dx.doi.org/10.35774/econa2017.04.139.
Повний текст джерелаАнотація:
Introduction. Due to the peculiarities of the development of a modern institutional environment, project funding, which in this paper is the subject of the study, in the form in which it is used by Western national and multinational corporations, cannot be applied in Ukraine. A certain transformation of the approaches which are developed by foreign practice is necessary. It is also required their adaptation to the modern conditions of the country, the distinguishing features of which are the instability, imperfection and incompleteness of information. Studying and theoretical understanding of the approaches, which are worked out by developed countries, to the organization of project financing in combination with the scientific synthesis of their own experience in the field of investment financing can become the basis for the formation of the domestic concept of project financing as one of the elements of an effective mechanism of financial support of investment activity. It should take into account the peculiarities of the national economic system and traditions of entrepreneurship development. Purpose. The article aims to carry out the scientific, theoretical and practical justification of project financing, to ground its role in modern economic conditions, to improve the project financing as a tool for regulation of the investment market, which is aimed at increasing the efficiency of its activities. Method (methodology). We have used the method of estimation and analysis of risks and financing efficiency, method of estimation of financial and economic activity indicators, statistical methods to solve the tasks of the research. Results. It has been carried out the comprehensive solution of theoretical and practical issues of forming the national concept of project financing that meets the needs of economic development and its emergence on the trajectory of sustainable economic growth. It can improve the investment climate in the country, improve the efficiency of transformation of savings into real investments, and attract foreign investors to the country.
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Ćetković, Jasmina, Slobodan Lakić, Miloš Žarković, Radoje Vujadinović, Miloš Knežević, Angelina Živković, and Jelena Cvijović. "Environmental Benefits of Air Emission Reduction in the Waste Tire Management Practice." Processes 10, no. 4 (April 17, 2022): 787. http://dx.doi.org/10.3390/pr10040787.
Повний текст джерелаАнотація:
Montenegro faces serious challenges in terms of waste tire management. The main goal of our paper is to consider the financial and economic justification of the implementation of the first phase of the project of collection, takeover and transport, sorting, and storage of waste tires from the three municipalities in Montenegro. The financial feasibility analysis pointed out the need to organize the second phase of the project and the production of commercially usable and energy efficient products. That phase would lead to the desired commercial effects and will probably ensure the financial sustainability of the project. The economic feasibility analysis of the project included an assessment of the socio-economic benefits from the emission reduction of the first group of pollutants (PM, SOX, NOX, VOC, CO) as a consequence of the waste tires’ destruction, predominantly by combusting them. Unit values of pollution costs by types of gases, adjusted for Montenegro, were defined in the interval from 192 EUR/t for CO to 24,294 EUR/t for PM. We proved that the direct socio-economic benefits of this project are savings in the cost of environmental pollution. The total present value of discounted costs in the observed time period was calculated at the level of EUR 1,620,080, while the total present value of the positive socio-economic effects was estimated at EUR 1,991,180. Dynamic justification indicators suggest that this investment has a satisfactory socio-economic justification, i.e., the economic rate of return is higher than the opportunity cost of capital (ERR = 15.82%), the economic net present value is greater than 0 (ENPV = 371,100 EUR), and the benefit–cost ratio is greater than 1 (B/C ratio = 1.23).
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LAIKO, O. I., V. P. TALPA, and Z. V. CHECHOVICH. "TAX DISTRIBUTION OF REGIONAL ECONOMIC COOPERATION UNDER GLOCALIZATION AND LOCAL SELFFGOVERNANCE REFORMING CONDITIONS." Economic innovations 21, no. 1(70) (March 20, 2019): 85–97. http://dx.doi.org/10.31520/ei.2019.21.1(70).85-97.
Повний текст джерелаАнотація:
Topicality. The urgency is explained by the need of use of taxation regulatory leverage for stimulation of territorial communities cooperation, as well as the development of scientifically substantiated grounds for the economic cooperation of regional economic systems is to be developed in order to increase their socio-economic development and on the basis of improving of the institutional basis in favorable conditions for local self-government reform and inclusion of local systems globalization processes. In the process of active decentralization reform, realization of efforts to build effective local selfgovernance and achieve the development of territorial economic systems on the basis of European integration and the implementation of international best practices and trends, it is necessary to regulate the use of cooperation measures. The practice of applying of contractual forms of cooperation between administrative units in order to improve their economic capacity, which has been spread in the EU, has not been widely disseminated and implemented in Ukraine, despite its exceptional value as a measure to stimulate the socio-economic development of the regions and as an instrument for implementing of strategic documents initiatives on regional policy in Ukraine and in the EU.Aim and tasks. The purpose of the article is to determine the scientific basis for tax incentives for regional economic cooperation as a measure of increase of socio-economic development level, to substantiate the proposals of stimulation of the implementation of investment and innovative projects, that are aimed at improving the community's welfare on local, regional, national and international levels due cooperation tools and better use of local resources and the benefits of territorial units during their participation in economic exchange, that is - during the glocalization process.Research results. It's proposed the scientific principles of tax stimulation of economic cooperation at the regional level and the essence of regional economic cooperation process, achieved by administrative units, is determined. It's stated that such sense should correspond and improve the existing principles and provisions of the European regional policy, implementation means of which are to be updated in accordance with national features and trends of economic system development. The scientific principles and measures that are to stimulate economic cooperation are developed on the basis of actual provisions of the modern institutional environment, including the Tax and Budget Codes of Ukraine. It has been established that the proposed regulatory tax measures have become possible for practical use, on the basis of appropriate scientific justification, due to modern changes in the budget legislation and are promising for implementation, especially in the aspect of the implementation of new large-scale investment projects, and as a lever to support the development of economic growth.The list of local taxes and fees with the help of which it is possible to stimulate regional economic cooperation is determined, the methodical bases of the regulation of economic cooperation are formulated, in the context of inclusion of territorial communities in the processes of global economic exchange. The measures of stimulation of economic cooperation and implementation of strategically important investment projects with global character are proposed. The measures are to establish preferential rates for local taxes within the existing powers of local self-governmental bodies, the application of privileges for reinvestment operations, the drawing up of strategic plans for promising investment-oriented taxation at the territorial level communities and regions.Conclusion. The results of the research are outlined in the article, in the form of regulatory measures, and are actually necessary for central and regional authorities, since they contain a scientific justification for the effective promotion of economic transformations in a territorial context in according to the implementation needs of the reform of local self-governance and taking into account the influence of the processes of globalization. The prospect for further research includes the formulation of methodological approaches to the determining of tax regulators set that are to stimulate socio-economic development and stimulate regional cooperation, to assess the effectiveness of such regulatory measures.
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Shpakov, Andrii, Ruslan Zhaldak, Ilya Kushnir, Nina Petrukha, George Nikolaev, and Vyktoria Rogovchenko. "INNOVATIVE AND APPLIED BASIS OF STRUCTURAL AND FUNCTIONAL REGULATION OF THE OPERATING MANAGEMENT SYSTEM OF THE LEADING STAKEHOLDERS OF THE CONSTRUCTION PROJECT." Management of Development of Complex Systems, no. 47 (September 27, 2021): 151–61. http://dx.doi.org/10.32347/2412-9933.2021.47.151-161.
Повний текст джерелаАнотація:
Influenced by the constant changes that have taken place since the beginning of the 21st century, which are primarily related to the rapid pace of development of technology, civilizational progress, focus on innovation and enterprise behavior, globalization and increased competition, which often takes the form of hypercompetition, led to new approaches to strategy. Among them should be noted the concept of sustainable development, the concept of relations and innovation-entrepreneurial approach, which should take their place in the competitive strategy of the enterprise. The article is devoted to solving the urgent problem of introducing a holistic methodology and economic-analytical tools to substantiate the strategy, format and content of the operating activities of the developer in construction (EDC), which in a single economic and operational-production space carries out administrative and regulatory activities. projects as part of a single investment program. The proposed solution is determined by the innovative essence of the methodology and formalized economic and mathematical tools that provide modern theoretical and methodological support for the development of strategic guidelines of the developer in construction, determining the rational growth vector of qualified assets. The methodology developed for the needs of EDC ensures the balance of the system of multi-project business environment EDC and through the scientific and applied tools compiled on its basis in a single space of formalized business process management EDC provides economic and analytical justification of project evaluation, formation and administration of project portfolio. measures to rationalize their volume, movement and structure, which significantly updates the theoretical and methodological basis of economics and management of construction companies as a scientific field.
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Semenov, A. P., and I. K. Lakin. "Justification of the N eed for Locomotive Diagnostic Systems." World of Transport and Transportation 18, no. 6 (July 30, 2021): 136–57. http://dx.doi.org/10.30932/1992-3252-2020-18-6-136-157.
Повний текст джерелаАнотація:
In the world and domestic practices of technical maintenance and repair (TMR) of locomotives there exists a tendency for the expanded use of technical diagnostics systems, the transition to predictive repair to reduce the costs of their life cycle. Modern hardware and software tools make it possible to create automated technical diagnostics systems (ATDS) for all types of locomotive equipment but equipping service repair locomotive depots with them requires significant capital costs with an unacceptably long payback period. The objective of the work is to develop a method and a corresponding simulation modelling software program to determine technical and economic feasibility of using certain means of technical diagnostics.Diagnostic systems reduce waiting time for repairs, the volume and cost of scheduled and unscheduled TMR, which makes it possible to reduce the operating fleet of locomotives.In modern economic calculations, to assess the success of an investment project, the indicator «Net present value (NPV)» of the project is used. Based on this principle, in relation to ATDS, a method for determining feasibility of introducing various types of ATDS and the corresponding methodology and software made with the algorithmic language VBA (Visual BASIC for Applications) in the MS Excel environment has been developed.The work carried out simulation modelling for Russian conditions of the payback of main types of diagnostic systems comprising on-board based microprocessor control systems, rheostat testing stations for diesel locomotives, diagnostics of traction motors, etc. The economic feasibility of introducing these systems has been proved. Also, economically inexpedient diagnostic systems have been identified, f o r example, automatic measurement of the profile of a wheel set tire.
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BURKINSKYI, B. V., O. I. LAIKO, and V. P. TALPA. "TAX INSTRUMENTS OF INVESTMENT DEVELOPMENT STIMULATION: INTERNATIONAL EXPERIENCE AND NATIONAL REALITIES." Economic innovations 20, no. 1(66) (March 20, 2018): 32–43. http://dx.doi.org/10.31520/ei.2018.20.1(66).32-43.
Повний текст джерелаАнотація:
Topicality. The urgency of the problem of tax instruments using in the role of means for stimulation of investment activity and of means for creating of a favorable investment climate nowadays grows due to the need for additional resources that are to be involved in the socio-economic development of Ukraine, as well as through the progress of administrative reform, which creates new opportunities for the use of taxes as tools for the stimulating of investment development. Aim and tasks. The purpose of the article is to substantiate the expediency of studying tax instruments as means for the stimulating of investment development, identifying of active and effective mechanisms for the attracting of investment funds for the development of the Ukrainian economy, taking into account international experience. Research results. The article thematically dedicated to the use of tax instruments for maintain of competitive investment policies at the regional, sub-regional, national levels, improving the investment climate in the region. The instruments are integrated into the mechanism with help of general conceptual idea - the ensuring of favorable conditions for the conducting of economic activity through the use of preferential indirect instruments that do not create differentiation between territories and entities, however, contribute to the renewal of capital of the entities. The European model of tax incentives for activation of foreign investments in Ukraine and the Black Sea region is considered and the main factors that have caused insufficient functional significance of tax instruments to stimulate investment development and to provide capital intensification are determined. There are also considered the American model of tax regulation of foreign investment, as well as the Asian model of tax regulation of foreign investment. The mechanism of combination of regulatory instruments in a single set, include measures of tax preferential support, organizational, guarantee-oriented support of investment projects realization on the territory of the Ukrainian Black Sea region, ways to increase the level of local budgets' self-incomes, to introduce the possibility of the determining and applying rates of taxes by local authorities self-governance within the limits set by the Tax Code of Ukraine. Conclusions. Strategic directions for the stimulating of business activity at the national and regional levels are substantial, but for this purpose, appropriate institutional support is required, namely, the relevant changes to the articles of the Tax Code of Ukraine. The prospects for future research in the field of regulation of investment activities are related with the formation of an institutional environment for the implementation of the regulatory function of taxes, the justification of the investment-efficient structure of the tax system.
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Fiodorova, Maria V. "Justification of Indicator System of Social and Economic Efficiency of High-Speed Urban Transport Development Strategy." Transportation systems and technology 3, no. 4 (December 15, 2017): 179–203. http://dx.doi.org/10.17816/transsyst201734179-203.
Повний текст джерелаАнотація:
Introduction. At the present stage of developing methodological approaches to assessment of social and economic efficiency, all the external effects of the project are divided into effects that can be estimated in value terms, and effects that cannot be expressed in monetary units. In turn, the latter are divided into effects that have a quantitative expression and effects, described only on a qualitative level. External effects, which can be estimated in monetary terms, are directly included in the calculation of the social and economic efficiency of the project in the form of additional inflows and outflows of money. Problem. The conceptual basis for assessing the social and economic efficiency of new high-speed lines is the comprehensive consideration of all external effects from the implementation of the investment project (economic and non-economic) that do not affect the cost parameters of the project participants. Objective. The aim of the work is to develop a system of indicators for assessing the social and economic efficiency of the strategy of the development of high-speed urban transport. Methods. Study of existing methods of assessing social and economic efficiency, searching for disadvantages and advantages, exploring the advantages of magnetic levitation technology. Results. The development of this system of indicators for magnetic levitation transport, which is distinguished by such advantages as the impossibility of derailment, greater route speed, hence less time travel, less noise and vibration than light-rail transport and metro, complete absence of dust, is especially important. Conclusion. The proposed system of indicators for assessing the social and economic efficiency of the strategy of the development of high-speed urban transport takes into account all the advantages of magnetic levitation technology and makes it a priority when choosing high-speed urban transport.
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KRUK, Yu Yu. "ECONOMIC JUSTIFICATION OF STEVEDORING ACTIVITY DEVELOPMENT IN UKRAINE ON THE BASIS OF QUEUEING AND STORAGE THEORIES." Economic innovations 20, no. 3(68) (September 20, 2018): 115–25. http://dx.doi.org/10.31520/ei.2018.20.3(68).115-125.
Повний текст джерелаАнотація:
Topicality. Recent economic-organizational transformations in maritime branch of Ukrainian economics influenced the essential changes in the system of its management, leads up to essential decreasing of state regulation of transportation and transshipment of cargo, to appearance of set independent shipping and stevedoring companies of ports terminals. This fact leads up to the national competition environment�s formation and to increasing the competition in international transportation market. Under these circumstances the Ukrainian enterprises of maritime sector of economics, in particular stevedoring companies of ports terminals are subjected to influences of market�s instability and are faced to necessity of effective regulation of their development from the side of Ministry of infrastructure of Ukraine. One of the main specific features of competition struggle among operators of port�s terminals is necessity of their participation in logistic supply chains of cargo delivery what can strengths their competitive position in the market of stevedoring service. Under modern conditions the successful stevedoring activity is determined by ability of the companies to exchangeable market�s conditions adaptation. Variability of market�s environment in the sphere of stevedoring service demands application of new methods of management of cargo transshipment which must be based on adaptation and flexibility not only managerial decisions but organization structure of stevedoring company itself. When developing the managerial decisions related to port�s infrastructure development it is necessary to take into account the uncertainty of market�s environment and force major factors that are inherent to maritime business, as well. That is why for increasing the effectiveness of Ukrainian stevedoring companies activities the corresponding researches are needed that will allow to develop the conceptual foundations of this activities in the sea ports of regions and corresponding methodical aids that can be used by ports operators and administrations of Ukrainian commercial sea ports in their everyday activity. Despite of the existence of number theoretical and applied works in the field of stevedoring companies activity and economic justification of projects of creation or reconstruction of port�s terminals there exists a lot of unsolved problems concerning methodological foundation of priority directions of ports infrastructure elements development under market�s uncertainty, risks and competition. Aim and tasks. The aim of article is development of method for optimal distribution of investments among port terminals in a region under random fluctuation of cargo flows and competition taking into account the method NPV � Net Present Value � for evaluation of economic results of stevedoring activities. Research results. The methodical approach is proposed for optimal distribution of investments determination directed on creation of berths for terminals of seaports located in same region. It is based on results of queuing and storage theories. The ports terminals are presented as the multi-channel queuing systems of the Poisson-Erlang type with warehouses for cargo storage. Besides, it is supposed that rates of Poisson streams of ships are the non-decreasing functions of number of berths of corresponding terminal. The method of mean current profit of terminal�s operator determination is proposed (for steady-state regime) and discrete optimization problem for number of berths determination is formulated under restricted investment fund. Conclusions. The method of optimal distribution of investments directed on development of ports terminals of a region is proposed. It may be a tool for decision making for State Administration of Sea Ports. Its application allow to increase the effectiveness of terminal operators activity under random fluctuation of cargo flows and taking into account possibility of their ruin. The method proposed id based on results of queueing and storage theories. In the further researches in this direction it is interesting, from theoretical and practical points of view, its generalization for the case of competition among terminals operators.
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Tіmanjuk, Valeria, and Yuliya Chernenko. "Intellectual Property as one of the Major Tendencies of Innovative Development of Railway Transport." International Journal of Engineering & Technology 7, no. 4.3 (September 15, 2018): 519. http://dx.doi.org/10.14419/ijet.v7i4.3.20130.
Повний текст джерелаАнотація:
The paper deals with the issues of effective formation and use of intellectual property in the transport system with the example of a public joint-stock company “Ukrainian Railways” (UR). Within the framework of the reorganization of the UR structure it is proposed to create an “Intellectual Property Management Office”, which forces are aimed at attracting the best scientific protectable designs and innovation projects, created both on the basis of their own enterprise and subject universities and organizations; the justification concerning the necessity of preparation of the patent policy is provided, which should correspond to the innovation strategy of the enterprise development; the economic-mathematical model is proposed, which allows to reach the optimum implementation of works that must be performed in accordance with the UR patent policy; the calculations of possible economic effects due to the commercialization of intellectual property objects are presented. It is substantiated that the use of intellectual property by the UR will enhance its image, competitiveness, become one of the tools of investment attraction, and will result in receiving additional profit.
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Tіmanjuk, Valeria, and Yuliya Chernenko. "Intellectual Property as one of the Major Tendencies of Innovative Development of Railway Transport." International Journal of Engineering & Technology 7, no. 4.3 (September 15, 2018): 519. http://dx.doi.org/10.14419/ijet.v7i4.3.20131.
Повний текст джерелаАнотація:
The paper deals with the issues of effective formation and use of intellectual property in the transport system with the example of a public joint-stock company “Ukrainian Railways” (UR). Within the framework of the reorganization of the UR structure it is proposed to create an “Intellectual Property Management Office”, which forces are aimed at attracting the best scientific protectable designs and innovation projects, created both on the basis of their own enterprise and subject universities and organizations; the justification concerning the necessity of preparation of the patent policy is provided, which should correspond to the innovation strategy of the enterprise development; the economic-mathematical model is proposed, which allows to reach the optimum implementation of works that must be performed in accordance with the UR patent policy; the calculations of possible economic effects due to the commercialization of intellectual property objects are presented. It is substantiated that the use of intellectual property by the UR will enhance its image, competitiveness, become one of the tools of investment attraction, and will result in receiving additional profit.
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Tadić, Snežana, Jelica Petrović-Vujačić, and Milovan Kovač. "Financial analysis of the intermodal terminal in Belgrade." Tehnika 75, no. 6 (2020): 782–89. http://dx.doi.org/10.5937/tehnika2006782t.
Повний текст джерелаАнотація:
The development of logistics infrastructure in Serbia is the key to achieving regional competitiveness and economic prosperity of the state. Intermodal terminals have great significance in logistics networks and their development enables the implementation of intermodal transport technologies as well as participation in international goods flows. Belgrade, the national and regional economic centre and an important traffic node, attracts significant intermodal, container flows. For this reason, it represents a location for the development of an intermodal terminal that would play an important role in the logistics network of Serbia and the region as well. This paper analyses the financial justification of the development of an intermodal terminal in Belgrade, based upon four parameters - net present value (NPV), internal rate of return (IRR), benefit-cost ratio (B/C) and investment return period (RP). Furthermore, a sensitivity analysis of the observed parameters regarding the change of input parameter values (the volume of intermodal, container flows and the service price levels) is conducted. Two project funding scenarios are defined according to the involvement of the private sector in overall investments. The result analysis indicates that in both of the scenarios, the development of an intermodal terminal in Belgrade would be financially justified. The sensitivity analysis has shown that the financial justification of the development of the observed intermodal terminal is more sensitive to the change in container flow volumes in comparison with the change in terminal service price levels.