ESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS

The article is devoted to the assessment of the on-site generation effectiveness taking into account the risk associated with the uncertainty of future values of energy prices. It is shown that the economic efficiency is significantly affected by the unevenness of growth in energy prices and the cor...

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Autores principales: O. V. Klimovets, V. A. Zubakin
Formato: article
Lenguaje:RU
Publicado: Real Economics Publishing House 2016
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Acceso en línea:https://doaj.org/article/3fe3aab787434588bd11ec736e704e2e
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spelling oai:doaj.org-article:3fe3aab787434588bd11ec736e704e2e2021-11-19T10:41:59ZESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS2618-947X2618-998410.17747/2078-8886-2016-2-78-84https://doaj.org/article/3fe3aab787434588bd11ec736e704e2e2016-06-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/565https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984The article is devoted to the assessment of the on-site generation effectiveness taking into account the risk associated with the uncertainty of future values of energy prices. It is shown that the economic efficiency is significantly affected by the unevenness of growth in energy prices and the correlation between load profile and graph of wholesale electricity prices.Restrictions on the applying existing approaches to evaluating the effectiveness of investment projects, based on calculation of uniquely defined cash flows, are approved. The paper shows the necessity of taking risks into account in order to increase the quality of decisions given the influence of energy resources prices on project’s economic efficiency and the uncertainty of future price values. Based on the analysis of quantitative methods of risk assessment it is proposed to use fuzzy-set approach as one of the most effective methods in the conditions of uncertainty of future values.O. V. KlimovetsV. A. ZubakinReal Economics Publishing House articleinvestment projectfuzzy seton-site generationrisk assessmentnet present valueelectricity priceeconomic efficiencyRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 0, Iss 2, Pp 78-84 (2016)
institution DOAJ
collection DOAJ
language RU
topic investment project
fuzzy set
on-site generation
risk assessment
net present value
electricity price
economic efficiency
Risk in industry. Risk management
HD61
spellingShingle investment project
fuzzy set
on-site generation
risk assessment
net present value
electricity price
economic efficiency
Risk in industry. Risk management
HD61
O. V. Klimovets
V. A. Zubakin
ESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS
description The article is devoted to the assessment of the on-site generation effectiveness taking into account the risk associated with the uncertainty of future values of energy prices. It is shown that the economic efficiency is significantly affected by the unevenness of growth in energy prices and the correlation between load profile and graph of wholesale electricity prices.Restrictions on the applying existing approaches to evaluating the effectiveness of investment projects, based on calculation of uniquely defined cash flows, are approved. The paper shows the necessity of taking risks into account in order to increase the quality of decisions given the influence of energy resources prices on project’s economic efficiency and the uncertainty of future price values. Based on the analysis of quantitative methods of risk assessment it is proposed to use fuzzy-set approach as one of the most effective methods in the conditions of uncertainty of future values.
format article
author O. V. Klimovets
V. A. Zubakin
author_facet O. V. Klimovets
V. A. Zubakin
author_sort O. V. Klimovets
title ESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS
title_short ESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS
title_full ESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS
title_fullStr ESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS
title_full_unstemmed ESTIMATING METHODS OF INVESTMENTS EFFICIENCY TO OWN GENERATION UNDER THE RISK CONDITIONS
title_sort estimating methods of investments efficiency to own generation under the risk conditions
publisher Real Economics Publishing House
publishDate 2016
url https://doaj.org/article/3fe3aab787434588bd11ec736e704e2e
work_keys_str_mv AT ovklimovets estimatingmethodsofinvestmentsefficiencytoowngenerationundertheriskconditions
AT vazubakin estimatingmethodsofinvestmentsefficiencytoowngenerationundertheriskconditions
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