Approaches to Industrial Project Assessment and Selection in the Ukraine Based on "Risk Benefit"
PBN-AR
Instytucja
Wyższa Szkoła Ekonomiczno-Humanistyczna w Bielsku-Białej
Książka
Tytuł książki
Sustainability and Scalability of Business: Theory and Practice
Data publikacji
2017
ISBN
9781536126372
Wydawca
Publikacja
Główny język publikacji
en
Tytuł rozdziału
Approaches to Industrial Project Assessment and Selection in the Ukraine Based on "Risk Benefit"
Rok publikacji
2017
Strony (od-do)
247-266
Numer rozdziału
14
Link do pełnego tekstu
Identyfikator DOI
Liczba arkuszy
1.02
Hasło encyklopedyczne
Słowa kluczowe
en
3) innovative project
risk analysis
machine building manufacturing companies’
criterial basis
system of indicators
venture projects selection
Streszczenia
Język
en
Treść
The article lays down the following major stages of evaluating and selecting venture projects of industrial enterprises’ venture projects assessment and selection: 1) Venture project performance assessment. 2) Venture project compliance with industrial facility’s development concept and potential. 3) Innovative project ideas assessment. 4) Venture project investment rationale. 5) Venture project risk analysis (carried by manufacturer, investor, and counterparties). 6) Changes feasibility analysis required to implement venture project. Content and sequence of stages are justified by currently used practice of investment and innovation projects analysis and assessment, as well as the necessity to consider specific parameters of venture projects. Apart from assessing the economic efficiency of economic decisions made by industrial enterprises, with respect to innovative activity, which is traditionally done using such economic indicators as: economic efficiency of the project, profitability, payback period, rate of return, methodology proposed in the paper includes opportunities analysis currently required for specific investment project, specific funding mechanisms of ventures and risks carried by each party (manufacturer, investor, counterparties) of a venture (which can play a crucial role not only in the project, but also in enterprise operation itself). These proposals allow to formalize the venture projects selection process and make it as transparent, clear and simple as it is possible. In order to formalize assessment and decision making process when selecting industrial venture projects, let us define major basis criteria for indicators and systematize them. The given system shall mandatory include such assessment indicators as: economic performance; risk; investment. This allows to formalize assessment and decision making process. In order to verify potency of the proposed venture projects assessment and selection stages for industrial enterprise, we will consider medium-sized enterprise of machine building industry, Private Company “Promenergomash” (Sumy, Ukraine) experience, which in 2014 started to use 3D printers for pumping equipment spare parts manufacture.
Cechy publikacji
discipline:Ekonomia
discipline:Nauki o zarządzaniu – dziedzina nauk ekonomicznych
discipline:Economics
discipline:Management – field of economics
Chapter in a book
Rozdział w książce
Inne
System-identifier
PBN-R:858191