Received: 2019-03-15  |  Accepted: 2019-10-10  |  Published: 2019-12-15

Title

Mathematical tooling of accounting non-economic characteristics during the assessing process of investment project effectiveness


Abstract

A search and analysis of sources (articles, conference materials, reviews) was conducted in the Web of Science Core Collection database from 1975 to March 2018 time period (57 sources) and in the RSCI database to March 2018 (48 sources) on the matter of using and recommendations of certain mathematical tooling in assessing the effectiveness of investment projects, taking into account non-economic characteristics. These 45 cases were identified in 41 sources of mathematical methods application in accounting for non-economic characteristics in the process of assessing the effectiveness of investment projects, their advantages and disadvantages. The recommendations on accounting for easily formalized non-economic indicators in evaluating project effectiveness were developed. Criteria have been established for classifying methods for taking into account non-economic characteristics as those that with a high degree of probability can do this in the value (money) scale. A mathematical tooling is proposed for taking into account difficultly formalized non-economic characteristics in the assessment.


Keywords

non-economic characteristics, assessment of efficiency, impact assessment, project appraisal, mathematical tooling


JEL classifications

O22 , O33 , M11


URI

http://jssidoi.org/jesi/article/426


DOI


Pages

1114-1135


Funding

The reported study was funded by RFBR according to the research project № 18-010-00018.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Puryaev, Aidar S.
Kazan Federal University, Kazan, Russian Federation https://kpfu.ru
Articles by this author in: CrossRef |  Google Scholar

Puryaev, Arslan A.
Moscow State University of Geodesy and Cartography, Moscow, Russian Federation http://www.miigaik.ru
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

2


Issue date

December 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1197  |  PDF downloads: 584

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