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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

20101 - Civil engineering

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název statě ve sborníku

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

Počet stran výsledku

13

Strana od-do

1524-1536

Název nakladatele

Tomas Bata University in Zlín

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

23. 4. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000374107300122