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MODEL FOR EVALUATING THE ECONOMIC EFFICIENCY OF INVESTMENT PROJECTS: ARCHITECTURE AND MAIN ASPECTS OF APPLICATION

Ekonomika

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Title MODEL FOR EVALUATING THE ECONOMIC EFFICIENCY OF INVESTMENT PROJECTS: ARCHITECTURE AND MAIN ASPECTS OF APPLICATION
 
Creator Mackevičius, Jonas
Tomaševič, Vladislav
 
Description Evaluation of investment projects is a complex multilateral process which also entails a great responsibility as its results form a basis for adopting investment decisions. These decisions, to a large extent, depend on the reliability and justification of the evaluation results: therefore, the process must be based on clear logic, acceptable assumptions and the duly selected methods that have been tested in practice. The paper contains an overview of the main principles of investment projects’ evaluation and a detailed analysis of the main requirements for the model architecture and its evaluation process.The authors propose a model for evaluating the economic efficiency of investment projects that has been described in detail and tested in practice. The model consists of a coherent evaluation scheme made of three phases and detailed algorithms of internal procedures. Such an architecture of the model enables a comprehensive analysis of investment projects of different types and a validation of the objectivity of evaluation results.
 
Publisher Vilniaus universiteto Ekonomikos fakultetas / Vilnius University Faculty of Economics
 
Date 2011-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.zurnalai.vu.lt/ekonomika/article/view/920
10.15388/Ekon.2011.0.920
 
Source Ekonomika; Ekonomika 2011 90(4)
1392-1258
1392-1258
 
Language lit
 
Relation http://www.zurnalai.vu.lt/ekonomika/article/view/920/441
 
Rights Autorinės teisės (c) 2014 Ekonomika