ASSESSMENT OF EFFICIENCY OF APPLICATION OF A NEW BUILDING MATERIAL

• Main Authors: Gumba Huta Msuratovich, Papelnyuk Oksana Vasilevna
• Format: Article
• Language: English
• Published: Moscow State University of Civil Engineering (MGSU) 2012-10-01
• Series: Vestnik MGSU
• Subjects: building; development; enterprise; branch; innovative production; investment project efficiency; breakdown of efficiency of innovations; building operations
• Online Access: http://vestnikmgsu.ru/files/archive/issues/2012/3/ru/29.pdf

Methodical approaches and procedures of implementation of official provisions of Methodical Recommendations are considered in article. Upon completion of analysis of a number of factors, the authors suggest using the option of assessment of efficiency of application of a new construction material through the application of Methodical Recommendations for Assessment of Efficiency of Investment Projects. As for the assimilation of new materials by building companies engaged in construction operations, the recommendation is to assess the business project efficiency upon introduction of each new construction material, and capital investments are the main indicators of efficiency of construction materials, let alone net discounted profit and the payback period. Upon consideration of a number of conditions that underlie the mathematical and economic model that substantiates decision-making in terms of implementation of innovative projects, the project efficiency can be assessed on the basis of an integrated indicator - maximal return on capital investments. The proposed model also takes account of the payback period, although the efficiency of new construction materials does not take account of any positive social effect of their introduction.