engleski

Investment projects evaluation in decision making process

One of the most important criteria in classifying investment projects is economic dependence between new and existing projects. Economic dependence causes the neccessity of specific information in decision making process. The prerequisite of shaping incremental effects projections is to take opportunity effects, caused by economic dependence, into account. Basic principles of risk estimation that are well known in the field of financial assets, are concerning real investments as well. An enterprise can be viewed as portfolio of investment projects that cannot be perfectly diversified and where market risk is not the most important risk. In the field of real investments, individual risk and added risk to the total risk of enterprise, besides market risk, have to be estimated. This paper explains basic principles of risk estimation in the field of investment projects in the selection of project variants. It researches types of economic dependence among various investment projects and their influence into decision making process.

independent project ; complement investment relationship ; substitute investment relationship ; incremental effects ; project risks

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