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Scientific journal
Научное обозрение. Экономические науки
ISSN 2500-3410
ПИ №ФС77-57503
ISSN 2500-3410
ПИ №ФС77-57503
IMPROVE THE INDICATORS GIVEN EXPENSES FOR THE ECONOMIC EVALUATION OF INVESTMENT PROJECTS
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Development projects can be considered and the rationale for large-scale investments related to new construction and reconstruction of enterprises, and the rationale for the relatively small size of investments, such as the acquisition of new machinery, equipment and vehicles. Currently, for the evaluation of all projects recommended for the same performance. For these purposes, there are methodological recommendations to assess the effectiveness of investment projects. The main index in them is net present value, which is the difference between the sum of discounted revenues and investment for the entire duration of the project. This figure is generally accepted and well-founded, along with that, its use in the initial stages of the study to the investment project is not very convenient. In the initial stages resolved issues include investment projects of various fixed assets, therefore, urgent task of comparing the results of feasibility study. The calculation of the net present value for each of the compared assets is difficult and very time consuming. In this context, the task of simplifying the actual calculations carried out, which requires the development of a more simple indicators. One of these indicators are given expenses, which were used for feasibility studies in the days of the planned economy. A key indicator in them is normative efficiency factor whose value was calculated for the conditions of the planned economy and is currently unusable. The paper proposes a new method for determining the coefficient of effectiveness of capital investments, which is consistent with the principles of calculation of indicators laid down in the Guidelines for the evaluation of investment projects. Application of this technique allows us to measure applicable to modern conditions and to simplify the procedure for selecting the fixed assets to be included in the investment project.