ENVIRONMENTAL AND ECONOMIC ASPECTS IN DECISION MAKING OF THE INVESTMENT PROJECT “WIND PARK”

Jaroslava Janekova (), Jana Fabianova () and Andrea Rosova ()
Additional contact information
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

Abstract: 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)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://pjms.zim.pcz.pl/PDF/PJMS131/Environmental%2 ... %20Park%E2%80%9D.pdf (application/pdf)
http://pjms.zim.pcz.pl/-articles-13.1.php (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pcz:journl:v:13:y:2016:i:1:p:90-100

Access Statistics for this article

More articles in Polish Journal of Management Studies from Czestochowa Technical University, Department of Management Contact information at EDIRC.
Bibliographic data for series maintained by Paula Bajdor ().