Zdrojový dokument:Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 46/2019
ISSN:1211-555X (Print)
Abstrakt:
The paper will deal with modelling cash-flows of public investment projects
under the conditions of variable amount of subsidy from public funds. A deterministic
model based on a rational fractional function will be used to assessment of socioeconomic
efficiency of public projects subsidized from the European funds. In the
model, we will examine the influence of the amount of the subsidy and critical changes
of socio-economic cash-flows generated by a project on assessing public investments.
We will use the European Union methodology for assessing socio-economic evaluation
of project utility by means of cost-benefit analysis. The results of the crisis scenario
analysis of the model in the Maple program created on the basis of the concept of
Economic net present value (ENPV) and Economic internal rate of return (ERR) will
be presented in 2D projection and evaluated by means of the ENPV function
depending on the project parameters. The paper will also present using the model for
stress test of socio-economic efficiency of innovation project from sphere digitalization
of public government, and broadens so far published research.