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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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2020-08-01
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| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/2278 |
| _version_ | 1797243898270056448 |
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| author | A. A. Kuznetsov |
| author_facet | A. A. Kuznetsov |
| author_sort | A. A. Kuznetsov |
| collection | DOAJ |
| 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. |
| first_indexed | 2024-03-08T04:20:58Z |
| format | Article |
| id | doaj.art-fd3527b83cf1469fa94aa6461f020893 |
| institution | Directory Open Access Journal |
| issn | 1816-4277 2686-8415 |
| language | English |
| last_indexed | 2024-04-24T19:02:26Z |
| publishDate | 2020-08-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj.art-fd3527b83cf1469fa94aa6461f0208932024-03-26T14:23:04ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-08-010613614310.26425/1816-4277-2020-6-136-1431758LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTUREA. A. Kuznetsov0JSC “Ingeoholding”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.https://vestnik.guu.ru/jour/article/view/2278assessment of financial effectivenessconstructioncost of ownershipevaluation of effectivenessfinancial effectivenessfull cost assessmentinvestment projectlife-cycle costsocial infrastructurepublic procurementpublic-private partnership |
| spellingShingle | A. A. Kuznetsov LIFE-CYCLE COST AS AN ASSESSMENT OF THE FINANCIAL EFFECTIVENESS OF AN INVESTMENT AND CONSTRUCTION PROJECT OF SOCIAL INFRASTRUCTURE Вестник университета 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 |
| title | 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_short | 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 |
| 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 |
| url | https://vestnik.guu.ru/jour/article/view/2278 |
| work_keys_str_mv | AT aakuznetsov lifecyclecostasanassessmentofthefinancialeffectivenessofaninvestmentandconstructionprojectofsocialinfrastructure |