Investicinių projektų efektyvumo daugiakriterinis vertinimas
Author(s) -
Rima Tamošiūnienė,
Skirmantas Šidlauskas,
Ingrida Trumpaitė
Publication year - 2006
Publication title -
verslas teorija ir praktika
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.369
H-Index - 17
eISSN - 1822-4202
pISSN - 1648-0627
DOI - 10.3846/btp.2006.25
Subject(s) - investment (military) , set (abstract data type) , risk analysis (engineering) , business , realization (probability) , economic evaluation , evaluation methods , actuarial science , environmental economics , management science , computer science , economics , engineering , mathematics , microeconomics , political science , statistics , reliability engineering , politics , law , programming language
A large number of economic, financial, social, technological, ecological – environmental and other indicators define the effectiveness of the investment projects. According to some of the indicators, the alternative investment project is suitable for putting it into practice, according to others, it is not. Therefore, while evaluating the investment projects (e.g. the projects which are financed by EU structural funds) it becomes difficult to choose the most effective projects whose realization would bring the most significant benefit to the economy subject and to our country. It is possible to get objective answers about the effectiveness of the alternative investment projects by evaluating them according to multicriterial methods. With the help of such methods it is possible to evaluate the investment projects comprehensively by presenting one generalized indicator. It shows the effectiveness of the alternative project fairly objectively. The multicriterial evaluation method analyzed in the article gave the possibility to evaluate the effectiveness of the projects chosen, and to set the priority level of these projects. From the analysis carried out, it is obvious that three investment projects are suitable for being financed and put into practice, and the remaining ones have to be rejected or corrected. The method for evaluating the effectiveness of the investment projects proposed by the authors has both theoretical and practical advantages (the extensive analysis can be carried out, the different classification of the evaluation criteria is possible, the weight of the criteria is evaluated (importance, significance), the possibility to include the new evaluation criteria and their employment in practice (in the field of investment analysis) is considered. The obtained evaluation results of the investment projects show that the multicriterial evaluation method is good for evaluating complex processes such as the evaluation of the effectiveness of the alternative investment projects, and the method of the evaluation of the investment projects proposed can be adapted for various situations (e.g. evaluating investment projects which get EU means
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