Optimizing the selection of a portfolio of transport infrastructure investment projects using the STEM method

Kód výsledku v IS VaVaI

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Výsledek na webu

<a href="https://dokumenty.vsb.cz/docs/files/cs/e1c37442-9c5c-460d-b296-cefb7ecce285" target="_blank" >https://dokumenty.vsb.cz/docs/files/cs/e1c37442-9c5c-460d-b296-cefb7ecce285</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Optimizing the selection of a portfolio of transport infrastructure investment projects using the STEM method

Popis výsledku v původním jazyce

The quality of the transport infrastructure has a significant influence on the development of the society, especially in the area of the economy growth. In our conditions, it is necessary to further develop and modernize the infrastructure. For this purpose investment projects are prepared by state management authorities. However, the financial value of all planned transport infrastructure investment projects is usually higher than the available budget, and it is therefore necessary to approach the selection of a portfolio of projects for implementation. The selected projects must meet not only the amount of the budget, but also the requirements arising from the transport policy and the rules of the investment funds represented by the required indicators. In the tasks of optimizing the portfolio of projects, in practice, it is often approached to repeat the selection of the portfolio with modification of the input conditions so that the distribution of the performance of the indicators more closely meets the expert requirements. This can be better solved using evaluation methods, the application of which is, however, lacking in the selection of the project portfolio. The aim of the article is to present a solution to the task of optimizing the selection of a portfolio of transport infrastructure investment projects using the STEM method. This interactive method based on the alternation of computing and decision-making phases enables the application of expert requirements during the calculation in order to find the optimal solution in cases where not all combinations of fulfilment of the monitored indicators are known in advance.

Název v anglickém jazyce

Optimizing the selection of a portfolio of transport infrastructure investment projects using the STEM method

Popis výsledku anglicky

The quality of the transport infrastructure has a significant influence on the development of the society, especially in the area of the economy growth. In our conditions, it is necessary to further develop and modernize the infrastructure. For this purpose investment projects are prepared by state management authorities. However, the financial value of all planned transport infrastructure investment projects is usually higher than the available budget, and it is therefore necessary to approach the selection of a portfolio of projects for implementation. The selected projects must meet not only the amount of the budget, but also the requirements arising from the transport policy and the rules of the investment funds represented by the required indicators. In the tasks of optimizing the portfolio of projects, in practice, it is often approached to repeat the selection of the portfolio with modification of the input conditions so that the distribution of the performance of the indicators more closely meets the expert requirements. This can be better solved using evaluation methods, the application of which is, however, lacking in the selection of the project portfolio. The aim of the article is to present a solution to the task of optimizing the selection of a portfolio of transport infrastructure investment projects using the STEM method. This interactive method based on the alternation of computing and decision-making phases enables the application of expert requirements during the calculation in order to find the optimal solution in cases where not all combinations of fulfilment of the monitored indicators are known in advance.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

10102 - Applied mathematics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 15 th International Conference on Strategic Management and its Support by Information Systems 2023

ISBN

978-80-248-4687-3

ISSN

2570-5776

e-ISSN

2570-5776

Počet stran výsledku

9

Strana od-do

176-184

Název nakladatele

VŠB – Technical University of Ostrava, Faculty of Economics

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

22. 5. 2023

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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