Naslov
Creation of Optimal Performance of an Investment Project

Autori
Vojvodić Rosenzweig, Višnja ; Volarević, Hrvoje

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 13th International Conference on Operational Research / Babić, Zoran ; Neralić, Luka ; Pivac, Snježana ; Arnerić, Josip - Split : Hrvatsko društvo za operacijska istraživanja (CRORS), 2010, 1-11

Skup
KOI 2010 - 13th International Conference on Operational Research

Mjesto i datum
Split, Hrvatska, 29.09.2010. - 01.10.2010

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Investment Project ; Multi-Criteria Decision-Making ; Utility Function ; Negotiation

Sažetak
The selection of an investment project is formulated as a multi-criteria decision-making problem. This paper presents a case in which the decision-maker uses nine criteria or rather attributes (Net Present Value, Internal Rate of Return, Payback Period, Accounting Rate of Return, Cumulative Cash Flows, Return on Investment, Net Profit Margin, Interest Coverage Ratio and Current Ratio). Individual utility functions are constructed for each attribute separately, as well as a global utility function representing a weighted sum of individual utility functions. For every attribute a finite set of ordered pairs or utility points is determined, taking into account the decision-maker’s assessment. The given points are then approximated by the utility function. Finally, according to the decision-maker’s assessment the optimization problem is solved with the purpose of achieving an optimal performance for each project. By way of negotiation the performances on offer approach the optimal performance of the project with the purpose of realising an agreement between the decision-maker and the investor.

Izvorni jezik
Engleski

Znanstvena područja
Matematika, Ekonomija, Interdisciplinarne društvene znanosti

POVEZANOST RADA