ANALYSIS OF EFFICIENCY OF INVESTMENT PROJECTS ADJUSTED FOR INFLATION

Naumov Anatoly Aleksanrovich1, Naumova Anastasia Anatolievna2
1Center of Applied Mathematical Research, Novosibirsk, PhD, associate professor
2Marie Forleo Business School, NYC, Manchester, Marketing Director

Abstract
In the paper approaches to estimation of efficiency of investment projects taking into account inflation are considered. Classical indicators of efficiency (NFV, IRR, DPP, etc.), and also the indicators received on the basis of a method of specification of financial flows are considered. Shortcomings of some schemes of the analysis of projects efficiency taking into account an inflation factor are revealed. It is shown that these problems are caused by incorrect understanding of influence of inflation on elements of the investment project (financial flows, rates, etc.). It is shown that it is more preferable in practice to use schemes of the analysis of projects on the basis of a method of specification of financial flows in comparison with classical indicators of efficiency.

Keywords: DPP, IRR, NFVDF


Article reference:
Analysis of efficiency of investment projects adjusted for inflation // Economics and innovations management. 2015. № 5 [Electronic journal]. URL: https://ekonomika.snauka.ru/en/2015/05/8887

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