Comparison of Two Selected Methods In Evaluating Of Investments in Transport Infrastructure

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27230%2F15%3A86094756" target="_blank" >RIV/61989100:27230/15:86094756 - isvavai.cz</a>

Result on the web

<a href="http://www.ufu.utb.cz/konference/sbornik2015.pdf" target="_blank" >http://www.ufu.utb.cz/konference/sbornik2015.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Comparison of Two Selected Methods In Evaluating Of Investments in Transport Infrastructure

Original language description

The paper is focused on a comparison of two selected approaches to solve investment portfolio optimization problems for projects related to transport infrastructure modernization. For the projects that are aimed at transport infrastructure modernization it holds that the projects are usually very expensive and financed by public financial sources (state budget, European Union funds and so on). However, public financial means are limited. That is the reason why it is necessary to choose such projects that bring the maximum benefit. The benefit cannot be assessed only from the financial point of view, other benefits are also often important. Our motivation to write the contribution was the paper in which goal programming was used to optimize the investment portfolio; in the paper goal programming is recommended for solving such types of the problems and some doubts about using linear programming are formulated. To compare the results got by linear programming with the results achieved by goal programming we employ STEM method that enables the multi-criteria linear optimization of the solved problem. The paper presents the results got by both approaches. The results of the optimization experiment using STEM method verify that both methods can achieve the same results. That means the reservation about linear programming discussed in the original paper is not valid for the all situations.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

20101 - Civil engineering

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Finance and Performance of Firms in Science, Education and Practice : proceedings of the 7th International Scientific Conference : April 23-24, 2015, Zlín, Czech Republic

ISBN

978-80-7454-482-8

ISSN

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e-ISSN

neuvedeno

Number of pages

13

Pages from-to

1524-1536

Publisher name

Tomas Bata University in Zlín

Place of publication

Zlín

Event location

Zlín

Event date

Apr 23, 2015

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000374107300122