Research On Efficiency Evaluation Of Investment Projects In The Enterprises Of Chemical Industry

The thesis will address the efficiency evaluation of investment projects in the enterprises of the chemical industry.Any commercial organization,by virtue of basic economic laws,seeks to develop and expand markets for goods and services.This leads to the need to invest funds(financial.labor,material,etc.)in the development of business,which leads to the concept of investment.In the real sector of the economy,the concept of investment in most cases implies the meaning of development and modernization of capital assets.The effective activity of enterprises in the long term,ensuring high rates of development and increasing competitiveness are largely determined by the level of their investment activity and the range of investment activities.The complex of issues related to the implementation of investment activities of the enterprise requires a sufficiently deep knowledge of the theory and practical skills of making managerial decisions in the field of choosing effective forms and directions of real investment.The organization's financing of processes aimed at the development and receipt of any additional capital assets,without assessing that these funds will bring profit,can cause the company to lose its balance and lead to bankruptcy.Currently,existing efficiency evaluation methods about investment projects used in practice,have negative sides,and give the investors biased information about the loss or profitability of planned investments.In the modern world,economic and socio-political conditions are not constant or absolutely repetitive,which leads to the conclusion that the evaluation of economic efficiency for each investment project is an important and individual calculation.This requires taking into account all the parameters and conditions of investment.Any investment project requires a preliminary analysis and evaluation.The investment attractiveness of a project requires a detailed analysis of many indicators and making the right decision under the influence of factors such as risk,uncertainty,and inflation.At the same time,each type of industry has its own specifics and individual features.The chemical industry is one of the largest branches of the Russian Federation.which in the current conditions demonstrates constant development.To implement new investment projects and ensure the effective operation of the chemical industry,as well as to increase such basic economic indicators as revenue from sales,profit from sales,net profit,it is necessary to make investments,that in turn are the most important condition for solving strategic and tactical tasks aimed at the development of the enterprise.It is obvious that the study of the efficiency evaluation of investment projects in the main direction of development of the chemical industry of the Russian Federation in modern conditions is a very important process.This research identifies factors that affect the accuracy of efficiency evaluation of investment projects,based on the production of the chemical industry,therefore it has developed a methodology that allows increasing the reliability of evaluating the profitability of investments.The main methodology of this thesis is a case study.The case study combines research and training components.An interview was also conducted to obtain the data,since this data is private.The first chapter of this research gives a background and explains the relevance of the topic.It defines the basic components of the thesis research.The chapter includes an explanation of the relevance of the thesis,theoretical,and practical significance of the thesis.Were also identified problem statement and purpose statementThe second chapter refers to the literature review.It focuses on defining the bases of this study and exploring the significance of investment projects and principles for evaluating the efficiency of investment projects.The chapter discusses the theoretical basis for evaluating investment projects and theoretical methodology for efficiency evaluation of investment projects.The literature review is a necessary part of this study,as the data is used in further chapters of the research.The third part presents the research methodology.The research methodology used for investigation opinions and views about the efficiency evaluation of investment projects.Used interview to get data of projects,the main methodology of this thesis is the case studyThe fourth chapter is the analysis section.The results of this discussion were used as a basis for interview construction.Was performed data analysis,and calculations were also made based on project data.The fifth chapter presents all the general findings.In that case,the interview is just part of the case study.The interview was conducted to order to obtain more accurate data and analysis,to include all perspectives and increase the cogency and feasibility of research findings.The questions were designed to get an extensive sense of the issues associated efficiency evaluation of investment projects in the enterprises of the chemical industryThe sixth or the last chapter of the thesis contains the overall discussions,conclusions,implications,and recommendations of the study.This study provides clear perceptions of efficiency evaluation of investment projects the optimal ways of estimation were deduced,and methods of solving problems arising in this topic.In research articulated a set of factors effective management of efficiency evaluation of investment projects.The practical significance of the work lies in the fact that the process of research data to improve the accuracy of calculation of efficiency of investment in capital assets can be used:for calculating economic performance and forecast of project performance with "freeze",full or partial suspension of the project.The research proposes solutions that have the potential for the public and private sector to solve their problems with investment projects.Besides,recommendations are given that can be adopted by public and private chemical enterprises operating not only in the Russian Federation but also in other countries where there are problems in the efficiency of investment projects.The scientific novelty of the research work consists in the fact that additional data are defined that increase the accuracy of values describing the profitability or loss of investments.It also presents a method that allows you to improve the accuracy of calculations of economic parameters that characterize the profitability or loss of the project.