ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY

ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY

The aim of the paper is to evaluate the economic efficiency of the proposed modernization of the production process of crushed stone in the quarry and to decide whether to accept it or reject it. The project is assessed in a complex way. Profitability is evaluated using Net Present Value (NPV) and P...

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Main Authors: Jana Fabianová, Jaroslava Janeková, Michal Fabian
Format: Article
Language:English
Published: Society of Polish Mechanical Engineers and Technicians 2018-06-01
Series:Advances in Science and Technology Research Journal
Subjects:
modernization
economic efficiency
simulation
Online Access:http://www.journalssystem.com/astrj/ASSESSMENT-OF-THE-ECONOMIC-EFFICIENCY-OF-THE-MODERNIZATION-OF-CRUSHED-STONE-MANUFACTURING,92299,0,2.html
id doaj-56be80edf8334597af9b48179823ba82
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spelling doaj-56be80edf8334597af9b48179823ba822020-11-25T02:34:04ZengSociety of Polish Mechanical Engineers and TechniciansAdvances in Science and Technology Research Journal2080-40752299-86242018-06-0112223724310.12913/22998624/9229992299ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDYJana Fabianová0Jaroslava Janeková1Michal Fabian2Technical University of Košice, Faculty of Mining, Ecology, Process Control and Geotechnology, Park Komenského 14, 04384 Košice, Slovak RepublicTechnical University of Kosice, Faculty of Mechanical Engineering, Letná 9, 04001 Košice, Slovak RepublicTechnical University of Kosice, Faculty of Mechanical Engineering, Letná 9, 04001 Košice, Slovak RepublicThe aim of the paper is to evaluate the economic efficiency of the proposed modernization of the production process of crushed stone in the quarry and to decide whether to accept it or reject it. The project is assessed in a complex way. Profitability is evaluated using Net Present Value (NPV) and Profitability Index (PI), liquidity by means of Discounted Payback Period (DPP). The risk associated with the respective investment is assessed using a probabilistic method - Monte Carlo simulation.http://www.journalssystem.com/astrj/ASSESSMENT-OF-THE-ECONOMIC-EFFICIENCY-OF-THE-MODERNIZATION-OF-CRUSHED-STONE-MANUFACTURING,92299,0,2.htmlmodernizationeconomic efficiencysimulation
collection DOAJ
language English
format Article
sources DOAJ
author Jana Fabianová
Jaroslava Janeková
Michal Fabian
spellingShingle Jana Fabianová
Jaroslava Janeková
Michal Fabian
ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY
Advances in Science and Technology Research Journal
modernization
economic efficiency
simulation
author_facet Jana Fabianová
Jaroslava Janeková
Michal Fabian
author_sort Jana Fabianová
title ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY
title_short ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY
title_full ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY
title_fullStr ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY
title_full_unstemmed ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY
title_sort assessment of the economic efficiency of the modernization of crushed stone manufacturing process: case study
publisher Society of Polish Mechanical Engineers and Technicians
series Advances in Science and Technology Research Journal
issn 2080-4075
2299-8624
publishDate 2018-06-01
description The aim of the paper is to evaluate the economic efficiency of the proposed modernization of the production process of crushed stone in the quarry and to decide whether to accept it or reject it. The project is assessed in a complex way. Profitability is evaluated using Net Present Value (NPV) and Profitability Index (PI), liquidity by means of Discounted Payback Period (DPP). The risk associated with the respective investment is assessed using a probabilistic method - Monte Carlo simulation.
topic modernization
economic efficiency
simulation
url http://www.journalssystem.com/astrj/ASSESSMENT-OF-THE-ECONOMIC-EFFICIENCY-OF-THE-MODERNIZATION-OF-CRUSHED-STONE-MANUFACTURING,92299,0,2.html
work_keys_str_mv AT janafabianova assessmentoftheeconomicefficiencyofthemodernizationofcrushedstonemanufacturingprocesscasestudy
AT jaroslavajanekova assessmentoftheeconomicefficiencyofthemodernizationofcrushedstonemanufacturingprocesscasestudy
AT michalfabian assessmentoftheeconomicefficiencyofthemodernizationofcrushedstonemanufacturingprocesscasestudy
_version_ 1724810353108320256

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