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Evaluation of investment attractiveness of innovative projects by mineral complex

https://doi.org/10.17073/2072-1633-2015-1-65-69

Abstract

In the article the urgency of innovative development of the mineral complex (CMC) of Russia plays a key role in the economy. Addressing reorientation raw orientation of the Russian economy on the economy, producing and selling products of extracted raw materials with high added value, is not possible without an increase in investment activity in innovative projects. The article analyzes the existing foreign and domestic approaches and methods of evaluation of investment attractiveness
of individual projects and companies in general, defined the main features that are typical for companies dealing with mining and processing mineral resources.
Justified cost-based approach to the assessment of investment attractiveness of innovative projects by MSCs. In this case, the value of individual companies MSCs will naturally decrease gradually, due to the depletion of mineral reserves being handled. The rising cost in these conditions is possible only in conditions of innovative technologies that contribute to increasing the volume of extraction of raw materials and production on the basis of its new products. The higher the value the company brings an innovative project, the greater its investment attractiveness.
Since the implementation of innovative projects mineral complex is associated with elevated risk of the investment attractiveness of innovative projects proposed MSC companies to produce on the basis of a new probabilistic index value of the company, taking into account the accuracy of the predicted results. A probability value of a company is determined by the introduction of this measure deterministic value of the options of assets and corresponding input parameters with increasing variation with increasing forecast period, taking into account both general and specific risks specific to individual innovations.

About the Authors

M. Kh. Peshkova
NUST “MISIS”
Russian Federation

Doctor of economic Sciences, Professor, Head of the Chair, 

119049, Moscow, Leninsky Prospect h.4, Russia


O. V. Shul’gina
NUST “MISIS”
Russian Federation

Candidate of economic sciences, lecturer,

119049, Moscow, Leninsky Prospect h.4, Russia


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Review

For citations:


Peshkova M.Kh., Shul’gina O.V. Evaluation of investment attractiveness of innovative projects by mineral complex. Russian Journal of Industrial Economics. 2015;(1):65-69. (In Russ.) https://doi.org/10.17073/2072-1633-2015-1-65-69

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ISSN 2072-1633 (Print)
ISSN 2413-662X (Online)