Evaluation of Investment Risks in CBA with Monte Carlo Method
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26110%2F15%3APU113592" target="_blank" >RIV/00216305:26110/15:PU113592 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.11118/actaun201563010245" target="_blank" >http://dx.doi.org/10.11118/actaun201563010245</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201563010245" target="_blank" >10.11118/actaun201563010245</a>
Alternative languages
Result language
angličtina
Original language name
Evaluation of Investment Risks in CBA with Monte Carlo Method
Original language description
Investment decisions are at the core of any development strategy. Economic growth and welfare depend on productive capital, infrastructure, human capital, knowledge, total factor productivity and the quality of institutions. Decision-making process on the selection of suitable projects in the public sector is in some aspects more difficult than in the private sector. Evaluating projects on the basis of their financial profitability, where the basic parameter is the value of the potential profit, can be misleading in these cases. One of the basic objectives of the allocation of public resources is respecting of the 3E principle (Economy, Effectiveness, Efficiency) in their whole life cycle. The life cycle of the investment projects consists of four main phases. The first pre-investment phase is very important for decision-making process whether to accept or reject a public project for its realization. A well-designed feasibility study as well as cost-benefit analysis (CBA) in this phase are important assumptions for future success of the project. A future financial and economical CF which represent the fundamental basis for calculation of economic effectiveness indicators are formed and modelled in these documents. This paper deals with the possibility to calculate the financial and economic efficiency of the public investment projects more accurately by simulation methods used.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
20101 - Civil engineering
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
2464-8310
Volume of the periodical
2015
Issue of the periodical within the volume
63
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
7
Pages from-to
245-251
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-84925452085