Assessment of investment projects on the basis of production efficiency

Vadim Daskovskiy and Vladimir Kiselyov

MPRA Paper from University Library of Munich, Germany

Abstract: Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment activity results (included is a generalized production efficiency indicator); separation of conditions / indicators adequate for a market economy in transition and an advanced (stable) one; allowing for differences between enterprises’ (entrepreneurs’) and investors’ economic interests. The make-up of assessment standards was extended by tasks to be solved. An enterprise’s highly competitive position after IP realization when the best analogue sales profitability is achieved was taken as the investment success criterion.

Keywords: investment efficiency; investment project; profit; the discount rate; projection period; investment phase; operation phase; net present value (NPV); discounting cash flow (DCF); Net Profit in Time (NPT); Profitability Index in Time (PIT) (search for similar items in EconPapers)
JEL-codes: D61 D81 E22 G11 G31 G32 M21 O16 O22 (search for similar items in EconPapers)
Date: 2010-05
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