{"id":"https://openalex.org/W2178007779","doi":"https://doi.org/10.1016/s2212-5671(15)00614-0","title":"Taking Risk into Account in the Evaluation of Economic Efficiency of Investment Projects: Traditional Methods","display_name":"Taking Risk into Account in the Evaluation of Economic Efficiency of Investment Projects: Traditional Methods","publication_year":2015,"publication_date":"2015-01-01","ids":{"openalex":"https://openalex.org/W2178007779","doi":"https://doi.org/10.1016/s2212-5671(15)00614-0","mag":"2178007779"},"language":"en","primary_location":{"id":"doi:10.1016/s2212-5671(15)00614-0","doi":"https://doi.org/10.1016/s2212-5671(15)00614-0","is_oa":true,"landing_page_url":"https://doi.org/10.1016/s2212-5671(15)00614-0","pdf_url":"https://www.sciencedirect.com/science/article/pii/S2212567115006140/pdf","source":{"id":"https://openalex.org/S2764481192","display_name":"Procedia Economics and Finance","issn_l":"2212-5671","issn":["2212-5671"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Procedia Economics and Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://www.sciencedirect.com/science/article/pii/S2212567115006140/pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042668256","display_name":"Viera Barto\u0161ov\u00e1","orcid":"https://orcid.org/0000-0001-7960-4429","observed_orcids":["https://orcid.org/0000-0001-7960-4429"]},"institutions":[{"id":"https://openalex.org/I3122011922","display_name":"University of \u017dilina","ror":"https://ror.org/031wwwj55","country_code":"SK","type":"education","lineage":["https://openalex.org/I3122011922"]}],"countries":["SK"],"is_corresponding":true,"raw_author_name":"Viera Barto\u0161ov\u00e1","raw_affiliation_strings":["University of \u017dilina in \u017dilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitn\u00e1 1, \u017dilina 010 26, Slovak Republic"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of \u017dilina in \u017dilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitn\u00e1 1, \u017dilina 010 26, Slovak Republic","institution_ids":["https://openalex.org/I3122011922"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016190900","display_name":"Peter Majer\u010d\u00e1k","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I3122011922","display_name":"University of \u017dilina","ror":"https://ror.org/031wwwj55","country_code":"SK","type":"education","lineage":["https://openalex.org/I3122011922"]}],"countries":["SK"],"is_corresponding":false,"raw_author_name":"Peter Majer\u010d\u00e1k","raw_affiliation_strings":["University of \u017dilina in \u017dilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitn\u00e1 1, \u017dilina 010 26, Slovak Republic"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of \u017dilina in \u017dilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitn\u00e1 1, \u017dilina 010 26, Slovak Republic","institution_ids":["https://openalex.org/I3122011922"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5003848235","display_name":"Dagmar Hra\u0161kov\u00e1","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I3122011922","display_name":"University of \u017dilina","ror":"https://ror.org/031wwwj55","country_code":"SK","type":"education","lineage":["https://openalex.org/I3122011922"]}],"countries":["SK"],"is_corresponding":false,"raw_author_name":"Dagmar Hra\u0161kov\u00e1","raw_affiliation_strings":["University of \u017dilina in \u017dilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitn\u00e1 1, \u017dilina 010 26, Slovak Republic"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of \u017dilina in \u017dilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitn\u00e1 1, \u017dilina 010 26, Slovak Republic","institution_ids":["https://openalex.org/I3122011922"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5042668256"],"corresponding_institution_ids":["https://openalex.org/I3122011922"],"apc_list":null,"apc_paid":null,"fwci":3.1909,"has_fulltext":true,"cited_by_count":27,"citation_normalized_percentile":{"value":0.92377993,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"24","issue":null,"first_page":"68","last_page":"75"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-budgeting","display_name":"capital budgeting","score":0.9850000143051147},{"id":"https://openalex.org/keywords/economic-efficiency","display_name":"economic efficiency","score":0.8560000061988831},{"id":"https://openalex.org/keywords/risk","display_name":"risk","score":0.6890000104904175}],"concepts":[{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.716133713722229},{"id":"https://openalex.org/C25343380","wikidata":"https://www.wikidata.org/wiki/Q277521","display_name":"Relation (database)","level":2,"score":0.6078904867172241},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.5809409618377686},{"id":"https://openalex.org/C2776125615","wikidata":"https://www.wikidata.org/wiki/Q18391886","display_name":"Economic evaluation","level":2,"score":0.5350576043128967},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.44602811336517334},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.44366681575775146},{"id":"https://openalex.org/C109359841","wikidata":"https://www.wikidata.org/wiki/Q728944","display_name":"Inclusion (mineral)","level":2,"score":0.4313836991786957},{"id":"https://openalex.org/C109332788","wikidata":"https://www.wikidata.org/wiki/Q615445","display_name":"Economic efficiency","level":2,"score":0.4135097861289978},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4123048484325409},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.19984576106071472},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.18599700927734375},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.13186350464820862},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.11233788728713989},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.09706875681877136},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1016/s2212-5671(15)00614-0","doi":"https://doi.org/10.1016/s2212-5671(15)00614-0","is_oa":true,"landing_page_url":"https://doi.org/10.1016/s2212-5671(15)00614-0","pdf_url":"https://www.sciencedirect.com/science/article/pii/S2212567115006140/pdf","source":{"id":"https://openalex.org/S2764481192","display_name":"Procedia Economics and Finance","issn_l":"2212-5671","issn":["2212-5671"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Procedia Economics and Finance","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1016/s2212-5671(15)00614-0","doi":"https://doi.org/10.1016/s2212-5671(15)00614-0","is_oa":true,"landing_page_url":"https://doi.org/10.1016/s2212-5671(15)00614-0","pdf_url":"https://www.sciencedirect.com/science/article/pii/S2212567115006140/pdf","source":{"id":"https://openalex.org/S2764481192","display_name":"Procedia Economics and Finance","issn_l":"2212-5671","issn":["2212-5671"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Procedia Economics and Finance","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G4984845491","display_name":"V\u00fdskum mo\u017enost\u00ed aplik\u00e1cie kreditn\u00fdch defaultn\u00fdch modelov v podmienkach SR ako n\u00e1stroja objekt\u00edvnej kvantifik\u00e1cie kreditn\u00fdch riz\u00edk podnikate\u013esk\u00fdch subjektov.","funder_award_id":"1/0656/14","funder_id":"https://openalex.org/F4320323641","funder_display_name":"Vedeck\u00e1 Grantov\u00e1 Agent\u00fara M\u0160VVa\u0160 SR a SAV"}],"funders":[{"id":"https://openalex.org/F4320323641","display_name":"Vedeck\u00e1 Grantov\u00e1 Agent\u00fara M\u0160VVa\u0160 SR a SAV","ror":"https://ror.org/044gwpv05"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2178007779.pdf","grobid_xml":"https://content.openalex.org/works/W2178007779.grobid-xml"},"referenced_works_count":6,"referenced_works":["https://openalex.org/W1548953477","https://openalex.org/W2026002193","https://openalex.org/W2274076596","https://openalex.org/W2417086783","https://openalex.org/W6606260262","https://openalex.org/W7042872851"],"related_works":["https://openalex.org/W3116019765","https://openalex.org/W4390477828","https://openalex.org/W7128335702","https://openalex.org/W7221098807","https://openalex.org/W7215423402","https://openalex.org/W112410776","https://openalex.org/W2359220000","https://openalex.org/W4385263513","https://openalex.org/W260582046","https://openalex.org/W7222772561"],"abstract_inverted_index":{"The":[0],"article":[1,39],"discusses":[2],"traditional":[3],"methods":[4],"of":[5,49,54,57],"evaluating":[6],"investment":[7,58],"projects,":[8],"which":[9],"are":[10,19,23,31],"most":[11],"frequently":[12],"used":[13],"in":[14,51],"the":[15,47,52],"corporate":[16],"practice.":[17],"There":[18],"many":[20],"deficiencies":[21],"that":[22],"held":[24],"against":[25],"those":[26],"evaluation":[27,53],"criteria,":[28],"but":[29],"there":[30],"also":[32],"undisputable":[33],"benefits":[34],"ascribed":[35],"to":[36,44],"them.":[37],"This":[38],"deals":[40],"with":[41,46],"their":[42],"relation":[43],"risk,":[45],"inclusion":[48],"risk":[50],"economic":[55],"efficiency":[56],"projects.":[59]},"counts_by_year":[{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":4},{"year":2016,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}