LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE

Original approach to assessment and evaluation of financial effectiveness of an investment project in state area via the life-cycle cost has been proposed. For long-term and capital-intensive projects, such as the construction of social infrastructure facilities with mixed public-private capital, th...

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Autor principal: A. A. Kuznetsov
Formato: article
Lenguaje:RU
Publicado: Publishing House of the State University of Management 2020
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Acceso en línea:https://doaj.org/article/fd3527b83cf1469fa94aa6461f020893
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spelling oai:doaj.org-article:fd3527b83cf1469fa94aa6461f0208932021-12-03T07:43:33ZLIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE1816-42772686-841510.26425/1816-4277-2020-6-136-143https://doaj.org/article/fd3527b83cf1469fa94aa6461f0208932020-08-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2278https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415Original approach to assessment and evaluation of financial effectiveness of an investment project in state area via the life-cycle cost has been proposed. For long-term and capital-intensive projects, such as the construction of social infrastructure facilities with mixed public-private capital, the cost of the project life cycle, which expresses the material assessment of the costs of participants during the cycle of creation and maintenance of the construction object, is a complete and objective financial assessment of the project results, the effectiveness of which is determined by compliance with the target level. Knowledge of the full life-cycle cost in absolute and relative form, as well as its structure, enables execution of the project in the lowest cost form, thus ensuring the most effective investment decision. An economic and mathematical model for calculating the cost of life cycle costs in base and current prices, as well as an analysis of the factors forming it have been presented in the paper.A. A. KuznetsovPublishing House of the State University of Managementarticleassessment of financial effectivenessconstructioncost of ownershipevaluation of effectivenessfinancial effectivenessfull cost assessmentinvestment projectlife-cycle costsocial infrastructurepublic procurementpublic-private partnershipSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 6, Pp 136-143 (2020)
institution DOAJ
collection DOAJ
language RU
topic assessment of financial effectiveness
construction
cost of ownership
evaluation of effectiveness
financial effectiveness
full cost assessment
investment project
life-cycle cost
social infrastructure
public procurement
public-private partnership
Sociology (General)
HM401-1281
Economics as a science
HB71-74
spellingShingle assessment of financial effectiveness
construction
cost of ownership
evaluation of effectiveness
financial effectiveness
full cost assessment
investment project
life-cycle cost
social infrastructure
public procurement
public-private partnership
Sociology (General)
HM401-1281
Economics as a science
HB71-74
A. A. Kuznetsov
LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE
description Original approach to assessment and evaluation of financial effectiveness of an investment project in state area via the life-cycle cost has been proposed. For long-term and capital-intensive projects, such as the construction of social infrastructure facilities with mixed public-private capital, the cost of the project life cycle, which expresses the material assessment of the costs of participants during the cycle of creation and maintenance of the construction object, is a complete and objective financial assessment of the project results, the effectiveness of which is determined by compliance with the target level. Knowledge of the full life-cycle cost in absolute and relative form, as well as its structure, enables execution of the project in the lowest cost form, thus ensuring the most effective investment decision. An economic and mathematical model for calculating the cost of life cycle costs in base and current prices, as well as an analysis of the factors forming it have been presented in the paper.
format article
author A. A. Kuznetsov
author_facet A. A. Kuznetsov
author_sort A. A. Kuznetsov
title LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE
title_short LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE
title_full LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE
title_fullStr LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE
title_full_unstemmed LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE
title_sort life-cycle cost as an assessment of the financial effectiveness of an investment and construction project of social infrastructure
publisher Publishing House of the State University of Management
publishDate 2020
url https://doaj.org/article/fd3527b83cf1469fa94aa6461f020893
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