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About the Essence of Categories “Efficiency” and “Efficiency of the Investment Project”

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Proceeding of the International Science and Technology Conference "FarEastСon 2019"

Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 172))

Abstract

In this work, we make the research concerning the subject of defining the essence of the concepts “efficiency” and “efficiency of investment project.” Research technique: analysis of existing definitions, techniques, criteria, and parameters of the effectiveness evaluation (literary review). We analyzed a number of the most quoted sources from the Scopus database, as well as articles have been recently published and indexed in Scopus. Based on the analysis, we reveal the essence of the concept “efficiency,” being defined in the articles. As a result, the signs and definitions of these concepts are refined. Based on the research, the author comes to the conclusion that the concept of “efficiency” and the concept of “optimality” are synonymous. The tendency of non-economic parameters accounting during the process of assessing investment projects efficiency is revealed by method of the solution of an optimizing task of exact criterion.

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Acknowledgements

The reported study was funded by RFBR according to the research project № 18-010-00018.

Author information

Authors and Affiliations

  1. Naberezhnye Chelny Institute, Kazan Federal University, 18 Kremlyovskaya Street, Kazan, 420008, Russian Federation

    A. Puryaev

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  1. A. Puryaev
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Editor information

Editors and Affiliations

  1. School of Engineering, Department of Innovatics, Far Eastern Federal University (FEFU), Vladivostok, Russia

    Denis B. Solovev

  2. School of Engineering, Department of Innovatics, Far Eastern Federal University (FEFU), Vladivostok, Russia

    Viktor V. Savaley

  3. School of Engineering, Department of Innovatics, Far Eastern Federal University (FEFU), Vladivostok, Russia

    Alexander T. Bekker

  4. School of Engineering, Department of Innovatics, Far Eastern Federal University (FEFU), Vladivostok, Russia

    Valery I. Petukhov

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Puryaev, A. (2020). About the Essence of Categories “Efficiency” and “Efficiency of the Investment Project”. In: Solovev, D.B., Savaley, V.V., Bekker, A.T., Petukhov, V.I. (eds) Proceeding of the International Science and Technology Conference "FarEastСon 2019". Smart Innovation, Systems and Technologies, vol 172. Springer, Singapore. https://doi.org/10.1007/978-981-15-2244-4_60

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