Analysis of the Possibility of Using Dynamic Methods for Assessment of Investment Projects in the Domestic Foundry Industry

• Autorzy: Szymszal J. , Lis T. , Gajdzik B. , Kliś J.
• Języki publikacji: EN

Abstrakty

EN

A comparative analysis involving the evaluation of the effectiveness of investment projects can be based on various rules indicating selection of the most favorable decisions. The dynamic methods for assessment of investment projects discussed in this article, which consider the possibility of modifying the predetermined investment options, are quite complex and difficult to implement. They are used both in the construction phase of the new company, as well as in its subsequent modernization. The assessments should be characterized by a high coefficient of the economic efficiency. The, observed in practice, high dynamic variability of both the external and internal conditions under which the company operates is the reason why in the process of calculating the economic efficiency of investment projects, there is a significant number of random parameters affected by high uncertainty and risk. Investments in the metallurgical industry are characterized by a relatively long cycle of implementation and operation. These are capital-intensive projects and often mistakenly taken investment decisions end in failure of the investment project and, consequently, in the collapse of the company. In addition, the applied methods of risk assessment of investment projects, especially the dynamic ones, should be fully understood by managerial staff and constitute an easy to use, yet accurate tool for improving the efficiency of the company.

Słowa kluczowe

EN

computer-aided foundry production; dynamic methods for assessment; investment projects; efficiency calculus

PL

odlewnia; komputerowe wspomaganie produkcji; projekty inwestycyjne; rachunek efektywności

• Wydawca: Komisja Odlewnictwa Polskiej Akademii Nauk Oddział w Katowicach
• Czasopismo: Archives of Foundry Engineering
• Rocznik: 2014
• Tom: Vol. 14, iss. 3
• Strony: 103--106
• Opis fizyczny: Bibliogr. 6 poz., rys.

Twórcy

autor

Szymszal J.

• Department of Production Engineering, Silesian University of Technology, Krasińskiego 8, 40-019 Katowice, Poland

autor

Lis T.

• Department of Production Engineering, Silesian University of Technology, Krasińskiego 8, 40-019 Katowice, Poland

autor

Gajdzik B.

• Department of Production Engineering, Silesian University of Technology, Krasińskiego 8, 40-019 Katowice, Poland

autor

Kliś J.

• Centrostal Górnośląski sp. z o.o., Stalowa 1, 40-610 Katowice, Poland

Bibliografia

• [1] Chapman, Ch., Ward, S. (1997). Project Risk Management. Chichester: John Wiley&Sons.
• [2] Ostrowska, E. (2002). The investment risk. Gdańsk. Ed. University of Gdansk.
• [3] Sobczyk, M. (2003). Financial Mathematics. Warszawa: Ed. Placet.
• [4] Marcinek, K. (2000). The risk of investment projects. Katowice: Ed. University of Economics.
• [5] Bławat, F. (2001). Economic Analysis. Gdańsk: Ed. Gdansk University of Technology.
• [6] Krawczyk, St. (2001). Quantitative methods in planning of the company’s activity. Warszawa: Ed. C.H. Beck.