MODELS OF INTEGRATED ASSESSMENT OF INVESTMENT PROJECTS FOR VARIOUS ECONOMIC ENTITIES

Introduction. Evaluation of the effectiveness and economic feasibility of investment projects of different directions and for different economic entities is an extremely urgent task. Its solution will allow the state, the region, the organization and the private investor to make informed investment decisions, effectively use budget funds, implement a competent investment policy aimed at reducing the risks from investments. The article posed and solved the following tasks: 1) approaches to the integrated assessment of investment projects, objects and subjects of evaluation; 2) the proposed system of quantitative indicators by which characterized by different kinds of the feasibility of investment projects; 3) justifies the selection model method for the valuation of the investment project; 4) developed an algorithmic model of finding the integral indicator of assessment of the investment project for different economic actors. Materials and Methods. The article uses the materials of the research work of the financial University, carried out in the framework of the state task for 2019, cost and scenario approaches to the evaluation of the investment project. In determining the value of the investment project, the methods of income, comparative and cost approaches are used. The Saati method is used to implement the scenario approach. In the construction of the integral index - the method of expert assessments. Results. The investment project is proposed to be considered as an object of integrated assessment, including the assessment of its cost, efficiency and determination of compliance with quantitative and qualitative criteria of economic feasibility in the modern economy. The following types of economic feasibility (criteria) are identified: General; social; budgetary; environmental; regional; sectoral; economic; commercial; financial; economic. To quantify the economic feasibility of the proposed specific indicators that may vary depending on the type of investment project (economic; social; environmental; infrastructure; innovation). The final assessment of the economic feasibility and, consequently, the investment attractiveness of the project, is determined by taking into account the importance of a criterion for the evaluation of the project for the subject of the economy. The model of choice of method of calculation of cost of the investment project depending on its purpose and a stage of realization is offered. Algorithmic models of valuation and economic feasibility of investment projects for various economic entities on the basis of scenario approach are developed. The result of their application is an integral evaluation indicator, for which the boundaries of positive or negative decision-making on investment or uncertainty situation are indicated. Summary. The proposed approaches and algorithmic models will provide a single result of the integrated assessment, which is a metric of investment attractiveness and feasibility of the investment project.

investment project, evaluation, cost, efficiency, algorithmic model, integral indicator of evaluation, investment decision-making