ENVIRONMENTAL AND ECONOMIC ASPECTS IN DECISION MAKING OF THE INVESTMENT PROJECT “WIND PARK”
Jaroslava Janekova (),
Jana Fabianova () and
Andrea Rosova ()
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Jaroslava Janekova: Technical University of Kosice
Jana Fabianova: Technical University of Kosice
Andrea Rosova: Technical University of Kosice
Polish Journal of Management Studies, 2016, vol. 13, issue 1, 90-100
The current competitive environment puts on companies still increasing demands and their success is more uncertain. They are forced to implement many changes and challenges in limited terms with limited resources. An effective solution to this situation is the project management. Its principles are applied in this paper at deciding on acceptance or rejection of the investment project wind park. The decision making is carried out from an environmental and economic point of view. Within the environmental assessment it is a comprehensive assessment of impacts of the wind park construction on the population, geological environment, soil, flora, fauna and their habitats, on the country and its infrastructure, etc. Assessment of the investment from an economic and financial point of view is realized by dynamic methods. Their selection is chosen so that the investment was assessed in three ways, its profitability, liquidity and risk. The emphasis is taken on risk, which is analysed using Monte Carlo simulations.
Keywords: investment; wind energy; risk analysis; Monte Carlo simulation (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pcz:journl:v:13:y:2016:i:1:p:90-100
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