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JOURNALS // Upravlenie Bol'shimi Sistemami // Archive

UBS, 2014 Issue 51, Pages 158–173 (Mi ubs782)

Control in Social and Economic Systems

Efficiency evaluationof investment projectsusing borrow money in the presence of fuzzyuncertainty

A. Uskov, I. Kiselev

Russian University of Cooperation

Abstract: We suggest several efficiency metricsfor investment projectsusing borrowed money (stability degree, lowest loan repayment period, net present value, internal rate of return) with loan structure explicitly accounted for in formulas. They allow for considering a problem of joint selection of an investment project and a loan structure. We also derive the analytical expressions to calculate performance indicators under uncertainty using the arithmetic of LR-typefuzzy numbers. Possible applications include investment analysis.

Keywords: investment project, uncertainty, fuzzy number, net present value.

UDC: 519.71
BBK: 32.817



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