Substantiation of projects that account for risk in the resource-saving technological changes at enterprises
Journal Title: Восточно-Европейский журнал передовых технологий - Year 2018, Vol 6, Issue 1
Abstract
<p>The purpose of the study was to model the investment risk of implementation of resource-saving technological changes at enterprises and to develop a method for consideration of risk for the substantiation of projects for introducing resource-saving technologies. Risk management is an important condition for increasing the expediency of technological change activities. In turn, the correct consideration of a risk factor can increase the confidence of owners of enterprises in the expediency of introduction of resource-saving technologies, which will increase the scale of such implementation.</p><p>We determined principles, an information base, and a sequence of assessment of the potential of resource-saving technological changes at enterprises.</p><p>We modeled an influence of prices for production resources, for which enterprises acquire industrial resources, on the effectiveness of resource-saving technologies implementation. The simulation results showed that the level of such efficiency is quite high only in a certain range of prices for resources. In this connection, we obtained expressions for determining the price ranges for a certain type of resource, which correspond to the three main options for the application of existing technological process. Such options are: to continue operation of the existing technology; to terminate its operation with the replacement of a new resource-saving technology; to stop using the existing technology without replacing it with a new one.</p><p>The study substantiates expediency of consideration of a risk factor in substantiation of projects of resource-saving technological changes at enterprises by calculation of a value of the maximum acceptable amount of investments in such an introduction. It proposes to determine the maximum acceptable amount of investments based on a constructed set of scenarios of values of those project indicators that have a low level of predictability. There is no need to substantiate a value of a discount rate, which often has a high degree of subjectivity, for this approach to a risk factor.</p>Application of the developed method of substantiation of projects for resource-saving technological changes will increase reasonableness of relevant investment decisions due to the comprehensive consideration of a risk factor in the practice of enterprises
Authors and Affiliations
Valentyn Lesinskyi, Olexandr Yemelyanov, Oksana Zarytska, Anastasiya Symak, Orest Koleshchuk
Keywords
Related Articles
- EP ID EP528240
- DOI 10.15587/1729-4061.2018.149942
- Views 66
- Downloads 0
Development of a mathematical model for cost distribution of maintenance and repair of electrical equipment
The research is devoted to the development of a model for cost distribution of maintenance and repair of electrical equipment when making decisions on the management of the electric power system state. The decrease in th...
Research into structure formation and properties of the fiberreinforced aerated concrete obtained by the nonautoclaved hardening
<p>We have investigated the influence of the ratio cement:fly-ash and the temperature of mixing water on the properties of aerated concrete mixes and aerated concrete. It was established that the rational cement-fly ash...
The influence of the pack decarburizing process with Pinctada maxima shell powder agent on the properties of high carbon steel
<p>In the present study, ductility enhancement of high carbon steel AISI 420 was conducted by pack decarburizing method to improve mechanical properties of this steel. This specimen was placed in a rectangular box contai...
Studying chemical transformations of the modified derma collagen
<p>Chemical transformations of modified collagen for prediction of effective formation and stabilization of the derma structure with the use of montmorillonite dispersions treated by different modifying agents were studi...
Mathematical model of obtaining a hydrocarbon fuel based on the fischertropsch pathway in a stationary layer of the cobaltbased catalyst
<p>Studying the kinetics of the Fischer-Tropsch process is a rather important task, since this process is very sensitive to the temperature mode, as well as to the characteristics of the catalyst. In addition, a given pr...