Optimal Selection Method for Investment Project Investicinių projektų optimalios atrankos metodas

• Main Author: Vytautas Jonas Žilinskas
• Format: Article
• Language: English
• Published: Vilnius Gediminas Technical University 2011-02-01
• Series: Business, Management and Education
• Subjects: evaluation and selection of the investment project; formalistic experimental modified method of priority allocation and selection; complex evaluation; PERT (Program Evaluation and Review Technique)
• Online Access: http://www.bme.vgtu.lt/index.php/bme/article/view/2
• ISSN: 2029-7491; 2029-6169

&lt;p class="MsoNormal" style="margin: 0cm 0cm 10pt;"&gt;&lt;span style="line-height: 115%; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; font-size: 9pt;"&gt;Under the modern world market conditions the investment activity of enterprises is increasing. Therefore, one of the main aspects of the investment activity guarantee is a selection and apprehension of the main principles of the investment control and possi-bilities of different uses of the investment instruments. For the optimum selection of the investment projects it is suggested to use a formalistic experimental author&amp;rsquo;s modified method of priority allocation and selection, which gives an opportunity to evaluate the investment project according to different partial criteria and their meaning of importance. Working out this way a complex evaluation of each chosen investment project is obtai-ned. Using the suggested MPSP (modified method of priority allocation and selection) the investment projects are evaluated with qualitative and quantitative criteria. So this method can be used when qualitative criteria of evaluation are predominated. Formalis-tic methods of analysis cannot be used to establish quantitative criteria and those small projects when it is relatively too expensive to apply other usual methods of the financial economic analysis. Method MPSP selection is universal and ordinary so it can be used to establish the efficiency of different projects, to classify projects, to model the strategy of the state economy. If you like to control the realization of the chosen investment project more effectively and rationally it is suggested to use PERT (Program Evaluation and Review Technique).The main control elements of the investment project are reviewed in the article using PERT which is useful to draw up an optimistic reticular schedule of the investment work implementation.&lt;/span&gt;&lt;/p&gt;&lt;p class="MsoNormal" style="margin: 0cm 0cm 10pt;"&gt;&lt;span style="line-height: 115%; font-family: &amp;quot;Verdana&amp;quot;,&amp;quot;sans-serif&amp;quot;; font-size: 9pt;"&gt;&lt;strong&gt;Keywords:&lt;/strong&gt; evaluation and selection of the investment project, formalistic experimental modified method of priority allocation and selection, complex evaluation, PERT (Program Evaluation and Review Technique).&lt;/span&gt;&lt;/p&gt;<br>&lt;p class="MsoNormal" style="text-align: justify; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;"&gt;&lt;span style="font-size: 10pt;"&gt;&lt;span style="font-family: Times New Roman;"&gt;Investicijų projektų atrankos veiksmingumo (efektyvumo) įvertinimas yra aktuali problema, kuri &amp;scaron;iuo metu nėra pakankamai nagrinėta. Vertinant ir atrenkant optimalius investicijų projektus, nepakanka vien finansinės analizės, bet reikia visapusi&amp;scaron;kai įvertinti &amp;scaron;iuos projektus ir jų pasekmes &amp;scaron;alies, regiono ar įmonės ūkio plėtrai. Tyrimo tikslas &amp;ndash; i&amp;scaron;analizuoti investicinių projektų atrankos vertinimą ir pateikti optimalios atrankos metodą. Investicijų projekto optimaliai atrankai vertinti siūlomas formalizuotas ekspertinis straipsnio autoriaus modifikuotas PSP metodas, kurį taikant galima objektyviai atlikti ir pagrįsti investicinių projektų veiksmingumą naudojant kompleksinį (suminį) įvertinimą pagal atskirus dalinius kiekybinius ir kokybinius rodiklius bei jų svarbumo reik&amp;scaron;mę. Dėl savo universalumo, tikslumo ir pagrindimo laipsnio, kuris reikalingas racionaliems valdymo sprendimams priimti, siūloma investicinių projektų atrankos kompleksinio vertinimo metodika. Tai gali būti svarus pagrindas gaunant ES struktūrinių fondų paramą arba atrenkant ir ranguojant projektus, padedančius tiksliau įgyvendinti valstybinę investicinę programą.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span class="hps"&gt;&lt;strong style="mso-bidi-font-weight: normal;"&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; color: black; font-size: 10pt; mso-ansi-language: LT; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: LT; mso-bidi-language: AR-SA;"&gt;Raktiniai žodžiai: &lt;/span&gt;&lt;/strong&gt;&lt;span style="font-family: &amp;quot;Times New Roman&amp;quot;,&amp;quot;serif&amp;quot;; color: black; font-size: 10pt; mso-ansi-language: LT; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: LT; mso-bidi-language: AR-SA;"&gt;investicinio projekto vertinimas ir atranka, formalizuotas ekspertinis modifikuotas PSP metodas, kompleksinis vertinimas, PERT metodas.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;