Details

Title

Analysis of the Possibility of Using Dynamic Methods for Assessment of Investment Projects in the Domestic Foundry Industry

Journal title

Archives of Foundry Engineering

Yearbook

2014

Numer

No 3

Publication authors

Keywords

Computer-aided foundry production ; Dynamic methods for assessment of investment projects ; Efficiency calculus

Divisions of PAS

Nauki Techniczne

Description

Archives of Foundry Engineering continues the publishing activity started by Foundry Commission of the Polish Academy of Sciences (PAN) in Katowice in 1978. The initiator of it was the first Chairman Professor Dr Eng. Wacław Sakwa – Corresponding Member of PAN, Honorary Doctor of Czestochowa University of Technology and Silesian University of Technology. This periodical first name was „Solidification of Metals and Alloys” , and made possible to publish the results of works achieved in the field of the Basic Problems Research Cooperation. The subject of publications was related to the title of the periodical and concerned widely understand problems of metals and alloys crystallization in a casting mold. In 1978-2000 the 44 issues have been published. Since 2001 the Foundry Commission has had patronage of the annually published “Archives of Foundry” and since 2007 quarterly published “Archives of Foundry Engineering”. Thematic scope includes scientific issues of foundry industry:

  • Theoretical Aspects of Casting Processes,
  • Innovative Foundry Technologies and Materials,
  • Foundry Processes Computer Aiding,
  • Mechanization, Automation and Robotics in Foundry,
  • Transport Systems in Foundry,
  • Castings Quality Management,
  • Environmental Protection.

Abstract

A comparative analysis involving the evaluation of the effectiveness of investment projects can be based on various rules indicating

selection of the most favorable decisions. The dynamic methods for assessment of investment projects discussed in this article, which

consider the possibility of modifying the predetermined investment options, are quite complex and difficult to implement. They are used

both in the construction phase of the new company, as well as in its subsequent modernization. The assessments should be characterized

by a high coefficient of the economic efficiency. The, observed in practice, high dynamic variability of both the external and internal

conditions under which the company operates is the reason why in the process of calculating the economic efficiency of investment

projects, there is a significant number of random parameters affected by high uncertainty and risk. Investments in the metallurgical

industry are characterized by a relatively long cycle of implementation and operation. These are capital-intensive projects and often

mistakenly taken investment decisions end in failure of the investment project and, consequently, in the collapse of the company. In

addition, the applied methods of risk assessment of investment projects, especially the dynamic ones, should be fully understood by

managerial staff and constitute an easy to use, yet accurate tool for improving the efficiency of the company.

Publisher

The Katowice Branch of the Polish Academy of Sciences

Date

2014

Type

Artykuły / Articles

Identifier

ISSN 2299-2944

DOI

10.2478/afe-2014-0071

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