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.
Keywords
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Saitou, N., Nei, M.: The neighbor-joining method: a new method for reconstructing phylogenetic trees. Mol. Biol. Evol. 4(4) (1987)
Tamura, K., Peterson, D., Peterson, N., Stecher, G., Nei, M., Kumar, S.: MEGA5: Molecular evolutionary genetics analysis using maximum likelihood, evolutionary distance, and maximum parsimony methods. Mol. Biol. Evol. 28(10) (2011). http://doi.org/10.1093/molbev/msr121
Kresse, G., Joubert, D.: From ultrasoft pseudopotentials to the projector augmented-wave method. Phys. Rev. B-Condens. Matter Mater. Phys. 59(3) (1999)
Kresse, G., Furthmüller, J.: Efficiency of ab-initio total energy calculations for metals and semiconductors using a plane-wave basis set. Comput. Mater. Sci. 6(1) (1996). http://doi.org/10.1016/0927-0256(96)00008-0
Grynkiewicz, G., Poenie, M., Tsien, R.Y.: A new generation of Ca2+ indicators with greatly improved fluorescence properties. J. Biol. Chem. 260(6) (1985)
Pfaffl, M.W.: A new mathematical model for relative quantification in real-time RT-PCR. Nucl. Acids Res. 29(9) (2001)
O’Regan, B., Grätzel, M.: A low-cost, high-efficiency solar cell based on dye-sensitized colloidal TiO2 films. Nature 353(6346) (1991)
Tang, C.W., Vanslyke, S.A.: Organic electroluminescent diodes. Appl. Phys. Lett. 51(12) (1987). http://doi.org/10.1063/1.98799
Plimpton, S.: Fast parallel algorithms for short-range molecular dynamics. J. Comput. Phys. 117(1) (1995). http://doi.org/10.1006/jcph.1995.1039
Charnes, A., Cooper, W. W., Rhodes, E.: Measuring the efficiency of decision making units. Eur. J. Oper. Res. 2(6) (1978). http://doi.org/10.1016/0377-2217(78)90138-8
Yan, X., Zhang, C., Wang, J., Zhang, X., Ren, X.: A high-efficiency Si Nanowire Array/Perovskite hybrid solar cell. Nanoscale Res. Lett. 12(1) (2017). http://doi.org/10.1186/s11671-016-1785-y
Cai, C., Qiu, R., Jiang, X.-Q., Xu, W.: Adaptive wireless transmission strategy for maximizing energy efficiency. Eurasip J. Wirel. Commun. Netw. 2017(1). http://doi.org/10.1186/s13638-017-0807-5
Zhang, Z.-L., Li, J.-F., Wang, X.-L., Qin, J.-Q., Shi, W.-J., Liu, Y.-F., Mao, Y.-L.: Enhancement of perovskite solar cells efficiency using N-doped TiO2 nanorod arrays as electron transfer layer. Nanoscale Res. Lett. 12(1) (2017). http://doi.org/10.1186/s11671-016-1811-0
BenHajyoussef, A., Ezzedine, T., Bouallègue, A.: Gradient-based pre-processing for intra prediction in high efficiency video coding. Eurasip J. Image Video Process. 2017(1). http://doi.org/10.1186/s13640-016-0159-9
Xu, J., Wang, Z., Li, W., Zhang, X., He, D., Xiao, X.: Ag nanoparticles located on three-dimensional pine tree-like hierarchical TiO2 nanotube array films as high-efficiency plasmonic photocatalysts. Nanoscale Res. Lett. 12(1) (2017). http://doi.org/10.1186/s11671-017-1834-1
Platt, J.M., Keyes, K.M., Galea, S.: Efficiency or equity? Simulating the impact of high-risk and population intervention strategies for the prevention of disease. SSM – Popul. Health 3 (2017). http://doi.org/10.1016/j.ssmph.2016.11.002
Klimchik, A., Ambiehl, A., Garnier, S., Furet, B., Pashkevich, A.: Efficiency evaluation of robots in machining applications using industrial performance measure. Robot. Comput.-Integr. Manuf. 48 (2017). http://doi.org/10.1016/j.rcim.2016.12.005
Chen, H., Zhao, F.: A hybrid half-duplex/full-duplex transmission scheme in relay-aided cellular networks. Eurasip J. Wirel. Commun. Netw. 2017(1). http://doi.org/10.1186/s13638-016-0795-x
Zhang, Z.L., Men, B.Q., Liu, Y.F., Gao, H.P., Mao, Y.L.: Effects of precursor solution composition on the performance and I-V hysteresis of perovskite solar cells based on CH3NH3PbI3-xClx. Nanoscale Res. Lett. 12(1) (2017). http://doi.org/10.1186/s11671-017-1872-8
Guo, S.-Y., Si, Q.: Embedded protocols based on the crowd Petri networks and opportunistic bandwidth allocation. Eurasip J. Embed. Syst. 2017(1). http://doi.org/10.1186/s13639-016-0068-0
Makara, A., Smol, M., Kulczycka, J., Kowalski, Z.: Technological, environmental and economic assessment of sodium tripolyphosphate production—A case study. J. Clean. Prod. 133 (2016). http://doi.org/10.1016/j.jclepro.2016.05.096
Kvon, G.M., Khamidullin, F.F., Samysheva, E.Y., Vaks, V.B., Mararov, N.V.: Methods of evaluating the efficiency of energy saving projects with taking risks into account. Int. J. Environ. Sci. Educ. 11(15) (2016)
Kudryavtseva, T.J., Kuporov, J.J.: Evaluation of social and economic efficiency of investments in public utility services. Asian Soc. Sci. 11(19) (2015). http://doi.org/10.5539/ass.v11n19p151
Emelichev, V., Karelkina, O.: Stability radius bounds in multicriteria markowitz portfolio problem with venturesome investor criteria. Buletinul Academiei de Stiinte a Republicii Moldova. Matematica 77(1) (2015)
Khasanova, A.S., Kvon, G.M., Yakupova, N.M., Khamidullin, F.F., Samysheva, E.Y.: Assessment of efficiency of capital investment project implementation of resource-saving technology for the real sector of the economy in Tatarstan Republic. Mediterr. J. Soc. Sci. 6(2S3) (2015). http://doi.org/10.5901/mjss.2015.v6n2s3p155
Zenkovich, M.V., Drevs, Y.G.: An application of simulation for foundry plants investment projects estimation of efficiency. Int. J. Math. Model. Methods Appl. Sci. 9 (2015)
Szymszal, J., Lis, T., Gajdzik, B., Klis, J.: Analysis of the possibility of using dynamic methods for assessment of investment projects in the domestic foundry industry. Arch. Foundry Eng. 14(3) (2014). http://doi.org/10.2478/afe-2014-0071
Belousov, M.V., Sirotkin, S.A., Rakipov, D.F.: Technical and economic peculiarities of magnesium production in Russia. Tsvetnye Metally (1) (2014)
Abdibekov, S.U., Bedelbayeva, A.E., Akhmetova, Z.S., Burnasheva, V.R., Syzdykbayeva, N.B.: Analysis and improvement of methods of management by investment risks. Life Sci. J. 11(Special issue 1) (2014)
Tsushko, V.V.: The influence of property rights protection on foreign direct investment inflow. Actual Probl. Econ. 156(6) (2014)
Puryaev, A.: An Investigation into the Notion of ‘Efficiency’. In: Tsounis, N., Vlachvei, A. (eds.) Advances in Panel Data Analysis in Applied Economic Research, pp. 175–178. Springer Proceedings in Business and Economics. Springer International Publishing AG, Cham (2018)
Acknowledgements
The reported study was funded by RFBR according to the research project № 18-010-00018.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
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
Download citation
DOI: https://doi.org/10.1007/978-981-15-2244-4_60
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-15-2243-7
Online ISBN: 978-981-15-2244-4
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)