On the issue of the criterion of efficiency of large-scale investment projects in the situation of uncertainty (by the example of railroad transport)
https://doi.org/10.34020/2073-6495-2023-3-010-027
Abstract
The article discusses the criteria of efficiency used in the assessment of investment projects. The objects of interest are large-scale projects which have a significant influence on life of the country (not only economic), such as large railroad projects in the first place. The criteria of microeconomic level (typical of the methodology of the costbenefit analysis) and macroeconomic level, when a project is analyzed in the context of economy of the country in general, are considered. It is shown that the principal problem of efficiency of large-scale projects both at micro- and macrolevel is fundamental uncertainty.
Supporting agencies: The work was carried out according to the research plan of the IEOPP SB RAS, project 5.6.1.5 (0260-2021-0002) “Integration and interaction of mesoeconomic systems and markets in Russia and its eastern regions: methodology, analysis, forecasting”.
About the Authors
E. B. Kibalov
Institute of Economics and Organization of Industrial Production of the Siberian Branch of the Russian Academy of Sciences
Russian Federation
Russian Federation
Kibalov Evgeniy B. – Doctor of Economics, Professor, Chief Researcher of the Department of Analysis and Forecasting of the Development of Branch Systems
Novosibirsk
K. P. Glushchenko
Institute of Economics and Organization of Industrial Production of the Siberian Branch of the Russian Academy of Sciences; Novosibirsk State University
Russian Federation
Russian Federation
Glushchenko Konstantin P. - Doctor of Economics, Associate Professor, Chief Researcher; Professor, Department of Economic Theory
Novosibirsk
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Review
For citations:
Kibalov E.B., Glushchenko K.P. On the issue of the criterion of efficiency of large-scale investment projects in the situation of uncertainty (by the example of railroad transport). Vestnik NSUEM. 2023;(3):10–27. (In Russ.) https://doi.org/10.34020/2073-6495-2023-3-010-027
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