Algorithm for managing investment resources for enterprises' fixed assets reproduction

DOI

10.2991/icemw-18.2018.35How to use a DOI?

Keywords

investment resources, main production assets renewal, average capital cost, lineal programming

Abstract

The article deals with the algorithm for managing the formation of investment resources for the reproduction of the main production assets of enterprises, as well as setting the task of determining the optimal structure of financing sources for enterprise projects on the basis of linear programming. In order to solve this problem, it is necessary to use instrumental management methods to increase the efficiency of decisions taken by investment managers to form an optimal structure of sources of financing for the company's projects. The most developed and widely used economic-mathematical method for solving problems of optimal planning is linear programming. As a result of the optimization criteria analysis for compliance with the requirements, it was established that only the criterion of minimization of the average weighted cost of the enterprise's capital meets them to the full. The criterion "minimization of the weighted average cost of capital" makes it possible to optimize the structure, both of the enterprise's total capital, and the structure of sources of investment resources for the reproduction of the company's fixed productive assets. And it also takes into account indirectly the level of risk through the cost of attracted investment resources from various sources.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Andrei Anatolievich Boyko
AU  - Vladislav Viktorovich Kukartsev
AU  - Vadim Sergeevich Tynchenko
AU  - Ekaterina Anatolievna Chzhan
AU  - Alena Alexandrovna Stupina
PY  - 2018/08
DA  - 2018/08
TI  - Algorithm for managing investment resources for enterprises' fixed assets reproduction
BT  - Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
PB  - Atlantis Press
SP  - 188
EP  - 193
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemw-18.2018.35
DO  - 10.2991/icemw-18.2018.35
ID  - Boyko2018/08
ER  -