Detail publikace

Evaluation of Investment Risks in CBA with Monte Carlo Method

KORYTÁROVÁ, J. POSPÍŠILOVÁ, B.

Originální název

Evaluation of Investment Risks in CBA with Monte Carlo Method

Typ

článek v časopise ve Scopus, Jsc

Jazyk

angličtina

Originální abstrakt

Investment decisions are at the core of any development strategy. Economic growth and welfare depend on productive capital, infrastructure, human capital, knowledge, total factor productivity and the quality of institutions. Decision-making process on the selection of suitable projects in the public sector is in some aspects more difficult than in the private sector. Evaluating projects on the basis of their financial profitability, where the basic parameter is the value of the potential profit, can be misleading in these cases. One of the basic objectives of the allocation of public resources is respecting of the 3E principle (Economy, Effectiveness, Efficiency) in their whole life cycle. The life cycle of the investment projects consists of four main phases. The first pre-investment phase is very important for decision-making process whether to accept or reject a public project for its realization. A well-designed feasibility study as well as cost-benefit analysis (CBA) in this phase are important assumptions for future success of the project. A future financial and economical CF which represent the fundamental basis for calculation of economic effectiveness indicators are formed and modelled in these documents. This paper deals with the possibility to calculate the financial and economic efficiency of the public investment projects more accurately by simulation methods used.

Klíčová slova

Public projects, EU funds,CBA,eficiency

Autoři

KORYTÁROVÁ, J.; POSPÍŠILOVÁ, B.

Rok RIV

2015

Vydáno

30. 3. 2015

Nakladatel

Mendel University in Brno

Místo

Brno

ISSN

1211-8516

Periodikum

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

Ročník

63

Číslo

1

Stát

Česká republika

Strany od

245

Strany do

251

Strany počet

7

URL

http://acta.mendelu.cz/artkey/acu-201501-0031_evaluation-of-investment-risks-in-cba-with-monte-carlo-method.php

Plný text v Digitální knihovně

http://hdl.handle.net/11012/201399

BibTex

@article{BUT113899,
  author="Jana {Korytárová} and Barbora {Janovská}",
  title="Evaluation of Investment Risks in CBA with Monte Carlo Method",
  journal="Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis",
  year="2015",
  volume="63",
  number="1",
  pages="245--251",
  doi="10.11118/actaun201563010245",
  issn="1211-8516",
  url="http://acta.mendelu.cz/artkey/acu-201501-0031_evaluation-of-investment-risks-in-cba-with-monte-carlo-method.php"
}