DECISION SUPPORT SYSTEM IN PLANNING INVESTMENT PROJECTS
AbstractThe subject matter of the study is the processes of planning investment projects for the development of organizations. The goal of this article is to develop an algorithm and software product of the decision support system to select the method of attracting investment project funds. The following tasks were solved in the article: the model of complex planning was studied and the investment project was implemented, the method of selecting an optimal variant of investment project implementation was developed, the elements of the decision support system to select the investment method were specified. The following methods were used: the system analysis, the project approach, plural theoretical models, the heuristic methods of selection, production rules. The following results were obtained: it is shown that the efficiency of the investment process is related to the assessment and selection of the most attractive investment projects from a number of alternatives, which will provide the maximum profit in the future; the strategic tasks of investing in the development of organizations and enterprises are singled out; the main finances that can be involved in carrying out an investment project are considered; the concepts of an investment project, a subject and an object of the investment activity were defined; the above concepts were formalized using the theory of sets and the system approach; the basic conditions under which the project should be implemented are formulated; the generalized diagram of the investment project implementation is developed. While developing the method of selecting the optimal variant of the investment project, the types of source information about the project and the organization which will use the finances are involved are determined. The rules for selecting the preferred variants for attracting investment depending on project factors are presented as a table. The generalized iterative algorithm for selecting the method of investing is built. The main dialogue forms of the user interface of the decision support system are considered. Conclusions. The application of the proposed method and decision support system at the planning stage of the investment project will enable making sound decisions regarding the selection of an investment method depending on the main factors of the project and the object of investment.
Mova, N., Khaustov, V. (2008), "Innovation activity in Ukraine and directions of its development" ["Innovatsiyna diyalʹnistʹ v Ukrayini i napryamky yiyi rozvytku"], Ukraine economy, No. 6, P. 29–34.
Lapko, O. (2009), "Problems of innovation activity" ["Problemy innovatsiynoyi diyalʹnosti"], Ukraine economy, No. 8, P. 93–95.
Davidov, M. V. (2008), "The ways of organizational and financial provision of the innovation process at the enterprises of Ukraine" ["Shlyakhy orhanizatsiyno-finansovoho zabezpechennya innovatsiynoho protsesu na pidpryyemstvakh Ukrayiny"], Actual problems of the economy, No. 4 (82), P. 130–134.
Balanyuk, I. (2009), "Analysis of investment and innovation activity of enterprises" ["Analiz investytsiyno-innovatsiynoyi diyalʹnosti pidpryyemstv. Visnyk Ternopilʹsʹkoho natsionalʹnoho ekonomichnoho universytetu"], Bulletin of the Ternopil National University of Economics, No. 3, P. 149–150.
Zaika, S. O. (2015), "Investment potential of the enterprise and variants of its formation" ["Investytsiynyy potentsial pidpryyemstva ta varianty yoho formuvannya"], Scientific Herald of Kherson State University, No. 13, P. 84–86.
Morozov, A. A., Tesler, G. S. (2005), "Situational management and decision support systems" ["Situatsionnoye upravleniye i sistemy podderzhki prinyatiya resheniy"], Decision support systems. Theory and practice, P. 5–9.
Terenchuk, S. A., Yeremenko, B. M., Zhuribeda, D. B. (2009), "Models and methods of risk assessment in investment construction projects under uncertainty", The theory and practice of construction, No. 5, P. 49–53.
Bogutska, O. (2018), "Financial and economic mechanism of ensuring investment activity of enterprises within institutional models of financing the real sector of economics", Innovative Technologies and Scientific Solutions for Industries, No. 3 (5), P. 79–86. DOI: https://doi.org/10.30837/2522-9818.2018.5.079.
Shtanko, L. O. (2009), "Process of planning of an effective investment strategy of the enterprise" ["Protses planuvannya efektyvnoyi investytsiynoyi stratehiyi pidpryyemstva"], Problems of a systemic approach to the economy enterprises, No. 4, P. 12–16.
Petrunja, Yu. E. (2003), "Risk of investing in the stock market" ["Ryzyky investuvannya na rynku aktsiy"], Economic Bulletin of the National Mining University, No. 2, P. 83–88.
Bierman, Jr., Harold, Smidt S. (2012), The capital budgeting decision: economic analysis of investment projects, Routledge, 402 p.
Kirichenko, O. (2007), "Financial management at Ukrainian enterprises: principles of ensuring positive dynamics" ["Finansovyy menedzhment na pidpryyemstvakh Ukrayiny: pryntsypy zabezpechennya pozytyvnoyi dynamiky"], Banking, No. 5, P. 3–17.
Asiedu, E., Esfahani, H. S. (2001), "Ownership structure in foreign direct investment projects", Review of Economics and statistics, No. 4 (83), P. 647–662.
Dyugovannets, O. M. (2011), "Peculiarities of Venture Investment in Ukraine" ["Osoblyvosti venchurnoho investuvannya v Ukrayini"], Scientific herald of Uzhgorod University, Special Issue 33, Part 2, P. 70–73.
Druzhinin, E. A., Lukhanin, M. I., Mazorchuk, M. S. (2001), "A model for choosing the most rational method of financing in assessing the feasibility of large-scale projects and programs based on the discount method" ["Model' vybora naiboleye ratsional'nogo sposoba finansirovaniya pri otsenke realizuyemosti krupnomasshtabnykh proyektov i programm na osnove metoda diskontirovaniy"], Aerospace Engineering and Technology, Vol. 25, P. 205–213.
Druzhinin, E. A., Yashina, E. S., Komarov, V. S. (2001), "Modeling of the project financing process under the influence of random factors" ["Modelirovaniye protsessa finansirovaniya proyekta v usloviyakh vozdeystviya sluchaynykh faktorov"], Aerospace Engineering and Technology, Vol. 24, P. 187–194.
Abstract views: 46 PDF Downloads: 4
Our journal abides by the Creative Commons copyright rights and permissions for open access journals.
Authors who publish with this journal agree to the following terms:
Authors hold the copyright without restrictions and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (CC BY-NC-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
Authors are able to enter into separate, additional contractual arrangements for the non-commercial and non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
Authors are permitted and encouraged to post their published work online (e.g., in institutional repositories or on their website) as it can lead to productive exchanges, as well as earlier and greater citation of published work.