Economic Efficiency and Investment Implementation in Energy Saving Projects
Economic Efficiency and Investment Implementation in Energy Saving Projects
Author(s): Venelin Terziev, Svetoslava Enimaneva, Stefan FilipovSubject(s): Economy
Published by: Сдружение „Академия за иновации и устойчивост“
Keywords: economic efficiency; renovation construction process; investment choice
Summary/Abstract: Investment in building thermoinsulation is a subject to appraisal for efficiency from the position of discounted cash flows taken specifically by energy saving. The appraisal of investment as optimal is attended by achieving the shortest term for investment implementation, the lowest investment outlays, the maximum total net value of energy savings, the shortest investment payback period. The complex application of the dynamic methods for appraising economic efficiency of an investment – net present value, internal rate of return, profitability index and discounted payback period, involves drawing of particular values which comparison definitely will show if this kind of investment is practically “attractive”. However, the question for significance weight of each of these indicators above in decision making for implementation a particular real investment still remains unsolved. This requires working out a system of criteria, priorities that can determine which of the indicators for economic efficiency of specific investment project will have the highest significance.
Journal: Journal of Innovations and Sustainability
- Issue Year: 3/2017
- Issue No: 3
- Page Range: 9-25
- Page Count: 17
- Language: English