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decision</title> <meta name="description" content="Search results for: investment decision"> <meta name="keywords" content="investment decision"> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <link href="https://cdn.waset.org/favicon.ico" type="image/x-icon" rel="shortcut icon"> <link href="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/css/bootstrap.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/plugins/fontawesome/css/all.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/css/site.css?v=150220211555" rel="stylesheet"> </head> <body> <header> <div class="container"> <nav class="navbar navbar-expand-lg navbar-light"> <a class="navbar-brand" href="https://waset.org"> <img src="https://cdn.waset.org/static/images/wasetc.png" alt="Open Science Research Excellence" title="Open Science Research Excellence" /> </a> <button class="d-block d-lg-none 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action="https://publications.waset.org/abstracts/search"> <div id="custom-search-input"> <div class="input-group"> <i class="fas fa-search"></i> <input type="text" class="search-query" name="q" placeholder="Author, Title, Abstract, Keywords" value="investment decision"> <input type="submit" class="btn_search" value="Search"> </div> </div> </form> </div> </div> <div class="row mt-3"> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Commenced</strong> in January 2007</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Frequency:</strong> Monthly</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Edition:</strong> International</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 5127</div> </div> </div> </div> <h1 class="mt-3 mb-3 text-center" style="font-size:1.6rem;">Search results for: investment decision</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5127</span> Published Financial Statement as a Correlate of Investment Decision among Commercial Bank Stakeholders in Nigeria</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=C.%20F.%20Popoola">C. F. Popoola</a>, <a href="https://publications.waset.org/abstracts/search?q=K.%20Akinsanya"> K. Akinsanya</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20B.%20Babarinde"> S. B. Babarinde</a>, <a href="https://publications.waset.org/abstracts/search?q=D.%20A.%20Farinde"> D. A. Farinde </a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study investigated published financial statement as correlate of investment decision among commercial bank stakeholders in Nigeria. A correlation research design was used in the study. 180 users of published financial statement were purposively sampled from Lagos and Ibadan. Data generated were analyzed using Pearson correlation and regression. The findings of the study revealed that, balance sheet is negatively related with investment decision (r=-.483; p < .01) while income statement (r= .249; p < .001), notes on the account (r= .230; p < .001), cash flow statement (r= .202; p < .001), value added statement (r= .328; p < .001) and five-year financial summary (r= .191 ;p < .01) are positively related with investment decision. Findings also revealed that components of published financial statement significantly predicted good investment decision (R2= .983; F(5,175)=284.5; p < .05) for commercial bank stakeholders. Therefore, it was suggested that Nigeria banks and professional bodies should instigate programs that will increase the knowledge of stakeholders on published financial statement. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=commercial%20banks" title="commercial banks">commercial banks</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20statement" title=" financial statement"> financial statement</a>, <a href="https://publications.waset.org/abstracts/search?q=income%20statement" title=" income statement"> income statement</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20decision" title=" investment decision"> investment decision</a>, <a href="https://publications.waset.org/abstracts/search?q=stakeholders" title=" stakeholders"> stakeholders</a> </p> <a href="https://publications.waset.org/abstracts/5120/published-financial-statement-as-a-correlate-of-investment-decision-among-commercial-bank-stakeholders-in-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/5120.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">459</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5126</span> Possibilistic Aggregations in the Investment Decision Making</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=I.%20Khutsishvili">I. Khutsishvili</a>, <a href="https://publications.waset.org/abstracts/search?q=G.%20Sirbiladze"> G. Sirbiladze</a>, <a href="https://publications.waset.org/abstracts/search?q=B.%20Ghvaberidze"> B. Ghvaberidze</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This work proposes a fuzzy methodology to support the investment decisions. While choosing among competitive investment projects, the methodology makes ranking of projects using the new aggregation OWA operator – AsPOWA, presented in the environment of possibility uncertainty. For numerical evaluation of the weighting vector associated with the AsPOWA operator the mathematical programming problem is constructed. On the basis of the AsPOWA operator the projects’ group ranking maximum criteria is constructed. The methodology also allows making the most profitable investments into several of the project using the method developed by the authors for discrete possibilistic bicriteria problems. The article provides an example of the investment decision-making that explains the work of the proposed methodology. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=expert%20evaluations" title="expert evaluations">expert evaluations</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20decision%20making" title=" investment decision making"> investment decision making</a>, <a href="https://publications.waset.org/abstracts/search?q=OWA%20operator" title=" OWA operator"> OWA operator</a>, <a href="https://publications.waset.org/abstracts/search?q=possibility%20uncertainty" title=" possibility uncertainty"> possibility uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/9558/possibilistic-aggregations-in-the-investment-decision-making" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/9558.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">558</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5125</span> Impact of Interest and Foreign Exchange Rates Liberalization on Investment Decision in Nigeria</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Kemi%20Olalekan%20Oduntan">Kemi Olalekan Oduntan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper was carried out in order to empirical, and descriptively analysis how interest rate and foreign exchange rate liberalization influence investment decision in Nigeria. The study spanned through the period of 1985 – 2014, secondary data were restricted to relevant variables such as investment (Proxy by Gross Fixed Capital Formation) saving rate, interest rate and foreign exchange rate. Theories and empirical literature from various scholars were reviews in the paper. Ordinary Least Square regression method was used for the analysis of data collection. The result of the regression was critically interpreted and discussed. It was discovered for empirical finding that tax investment decision in Nigeria is highly at sensitive rate. Hence, all the alternative hypotheses were accepted while the respective null hypotheses were rejected as a result of interest rate and foreign exchange has significant effect on investment in Nigeria. Therefore, impact of interest rate and foreign exchange rate on the state of investment in the economy cannot be over emphasized. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=interest%20rate" title="interest rate">interest rate</a>, <a href="https://publications.waset.org/abstracts/search?q=foreign%20exchange%20liberalization" title=" foreign exchange liberalization"> foreign exchange liberalization</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20decision" title=" investment decision"> investment decision</a>, <a href="https://publications.waset.org/abstracts/search?q=economic%20growth" title=" economic growth"> economic growth</a> </p> <a href="https://publications.waset.org/abstracts/51572/impact-of-interest-and-foreign-exchange-rates-liberalization-on-investment-decision-in-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/51572.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">364</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5124</span> Investor’s Psychology in Investment Decision Making in Context of Behavioural Finance</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Jhansi%20Rani%20Boda">Jhansi Rani Boda</a>, <a href="https://publications.waset.org/abstracts/search?q=G.%20Sunitha"> G. Sunitha</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Worldwide, the financial markets are influenced by several factors such as the changes in economic and political processes that occur in the country and the globe, information diffusion and approachability and so on. Yet, the foremost important factor is the investor’s reaction and perception. For an individual investor, decision-making process can be perceived as a continuous process that has significant impact of their psychology while making investment decisions. Behavioral finance relies on research of human and social recognition and emotional tolerance studies to identify and understand the investment decisions. This article aims to report the research of individual investor’s financial behavior in a historical perspective. This article uncovers the investor’s psychology in investment decision making focusing on the investor’s rationality with an explanation of psychological and emotional factors that affect investing. The results of the study are revealed by means of Graphical visualization. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=behavioral%20finance" title="behavioral finance">behavioral finance</a>, <a href="https://publications.waset.org/abstracts/search?q=psychology" title=" psychology"> psychology</a>, <a href="https://publications.waset.org/abstracts/search?q=investor%E2%80%99s%20behavior" title=" investor’s behavior"> investor’s behavior</a>, <a href="https://publications.waset.org/abstracts/search?q=psychological%20and%20emotional%20factors" title=" psychological and emotional factors"> psychological and emotional factors</a> </p> <a href="https://publications.waset.org/abstracts/77142/investors-psychology-in-investment-decision-making-in-context-of-behavioural-finance" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/77142.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">299</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5123</span> An Empirical Investigation of Uncertainty and the Lumpy Investment Channel of Monetary Policy</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Min%20Fang">Min Fang</a>, <a href="https://publications.waset.org/abstracts/search?q=Jiaxi%20Yang"> Jiaxi Yang</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Monetary policy could be less effective at stimulating investment during periods of elevated volatility than during normal times. In this paper, we argue that elevated volatility leads to a decrease in extensive margin investment incentive so that nominal stimulus generates less aggregate investment. To do this, we first empirically document that high volatility weakens firms’ investment responses to monetary stimulus. Such effects depend on the lumpiness nature of the firm-level investment. The findings are that the channel exists for all of the physical investment, innovation investment, and organization investment. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=investment" title="investment">investment</a>, <a href="https://publications.waset.org/abstracts/search?q=irreversibility" title=" irreversibility"> irreversibility</a>, <a href="https://publications.waset.org/abstracts/search?q=volatility" title=" volatility"> volatility</a>, <a href="https://publications.waset.org/abstracts/search?q=uncertainty" title=" uncertainty"> uncertainty</a>, <a href="https://publications.waset.org/abstracts/search?q=firm%20heterogeneity" title=" firm heterogeneity"> firm heterogeneity</a>, <a href="https://publications.waset.org/abstracts/search?q=monetary%20policy" title=" monetary policy"> monetary policy</a> </p> <a href="https://publications.waset.org/abstracts/162944/an-empirical-investigation-of-uncertainty-and-the-lumpy-investment-channel-of-monetary-policy" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/162944.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">106</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5122</span> Strategic Investment in Infrastructure Development to Facilitate Economic Growth in the United States</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Arkaprabha%20Bhattacharyya">Arkaprabha Bhattacharyya</a>, <a href="https://publications.waset.org/abstracts/search?q=Makarand%20Hastak"> Makarand Hastak</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The COVID-19 pandemic is unprecedented in terms of its global reach and economic impacts. Historically, investment in infrastructure development projects has been touted to boost the economic growth of a nation. The State and Local governments responsible for delivering infrastructure assets work under tight budgets. Therefore, it is important to understand which infrastructure projects have the highest potential of boosting economic growth in the post-pandemic era. This paper presents relationships between infrastructure projects and economic growth. Statistical relationships between investment in different types of infrastructure projects (transit, water and wastewater, highways, power, manufacturing etc.) and indicators of economic growth are presented using historic data between 2002 and 2020 from the U.S. Census Bureau and U.S. Bureau of Economic Analysis (BEA). The outcome of the paper is the comparison of statistical correlations between investment in different types of infrastructure projects and indicators of economic growth. The comparison of the statistical correlations is useful in ranking the types of infrastructure projects based on their ability to influence economic prosperity. Therefore, investment in the infrastructures with the higher rank will have a better chance of boosting the economic growth. Once, the ranks are derived, they can be used by the decision-makers in infrastructure investment related decision-making process. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=economic%20growth" title="economic growth">economic growth</a>, <a href="https://publications.waset.org/abstracts/search?q=infrastructure%20development" title=" infrastructure development"> infrastructure development</a>, <a href="https://publications.waset.org/abstracts/search?q=infrastructure%20projects" title=" infrastructure projects"> infrastructure projects</a>, <a href="https://publications.waset.org/abstracts/search?q=strategic%20investment" title=" strategic investment"> strategic investment</a> </p> <a href="https://publications.waset.org/abstracts/129316/strategic-investment-in-infrastructure-development-to-facilitate-economic-growth-in-the-united-states" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/129316.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">171</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5121</span> Managing Information Technology: An Overview of Information Technology Governance</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mehdi%20Asgarkhani">Mehdi Asgarkhani</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Today, investment on Information Technology (IT) solutions in most organizations is the largest component of capital expenditure. As capital investment on IT continues to grow, IT managers and strategists are expected to develop and put in practice effective decision making models (frameworks) that improve decision-making processes for the use of IT in organizations and optimize the investment on IT solutions. To be exact, there is an expectation that organizations not only maximize the benefits of adopting IT solutions but also avoid the many pitfalls that are associated with rapid introduction of technological change. Different organizations depending on size, complexity of solutions required and processes used for financial management and budgeting may use different techniques for managing strategic investment on IT solutions. Decision making processes for strategic use of IT within organizations are often referred to as IT Governance (or Corporate IT Governance). This paper examines IT governance - as a tool for best practice in decision making about IT strategies. Discussions in this paper represent phase I of a project which was initiated to investigate trends in strategic decision making on IT strategies. Phase I is concerned mainly with review of literature and a number of case studies, establishing that the practice of IT governance, depending on the complexity of IT solutions, organization's size and organization's stage of maturity, varies significantly – from informal approaches to sophisticated formal frameworks. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=IT%20governance" title="IT governance">IT governance</a>, <a href="https://publications.waset.org/abstracts/search?q=corporate%20governance" title=" corporate governance"> corporate governance</a>, <a href="https://publications.waset.org/abstracts/search?q=IT%20governance%20frameworks" title=" IT governance frameworks"> IT governance frameworks</a>, <a href="https://publications.waset.org/abstracts/search?q=IT%20governance%20components" title=" IT governance components"> IT governance components</a>, <a href="https://publications.waset.org/abstracts/search?q=aligning%20IT%20with%20business%20strategies" title=" aligning IT with business strategies"> aligning IT with business strategies</a> </p> <a href="https://publications.waset.org/abstracts/23827/managing-information-technology-an-overview-of-information-technology-governance" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/23827.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">406</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5120</span> Optimization Model for Support Decision for Maximizing Production of Mixed Fruit Tree Farms</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Andr%C3%A9s%20I.%20%C3%81vila">Andrés I. Ávila</a>, <a href="https://publications.waset.org/abstracts/search?q=Patricia%20Aros"> Patricia Aros</a>, <a href="https://publications.waset.org/abstracts/search?q=C%C3%A9sar%20San%20Mart%C3%ADn"> César San Martín</a>, <a href="https://publications.waset.org/abstracts/search?q=Elizabeth%20Kehr"> Elizabeth Kehr</a>, <a href="https://publications.waset.org/abstracts/search?q=Yovana%20Leal"> Yovana Leal</a> </p> <p class="card-text"><strong>Abstract:</strong></p> We consider a linear programming model to help farmers to decide if it is convinient to choose among three kinds of export fruits for their future investment. We consider area, investment, water, productivitiy minimal unit, and harvest restrictions and a monthly based model to compute the average income in five years. Also, conditions on the field as area, water availability and initia investment are required. Using the Chilean costs and dollar-peso exchange rate, we can simulate several scenarios to understand the possible risks associated to this market. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=mixed%20integer%20problem" title="mixed integer problem">mixed integer problem</a>, <a href="https://publications.waset.org/abstracts/search?q=fruit%20production" title=" fruit production"> fruit production</a>, <a href="https://publications.waset.org/abstracts/search?q=support%20decision%20model" title=" support decision model"> support decision model</a>, <a href="https://publications.waset.org/abstracts/search?q=fruit%20tree%20farms" title=" fruit tree farms"> fruit tree farms</a> </p> <a href="https://publications.waset.org/abstracts/18920/optimization-model-for-support-decision-for-maximizing-production-of-mixed-fruit-tree-farms" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/18920.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">456</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5119</span> Triangular Hesitant Fuzzy TOPSIS Approach in Investment Projects Management</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Irina%20Khutsishvili">Irina Khutsishvili</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The presented study develops a decision support methodology for multi-criteria group decision-making problem. The proposed methodology is based on the TOPSIS (Technique for Order Performance by Similarity to Ideal Solution) approach in the hesitant fuzzy environment. The main idea of decision-making problem is a selection of one best alternative or several ranking alternatives among a set of feasible alternatives. Typically, the process of decision-making is based on an evaluation of certain criteria. In many MCDM problems (such as medical diagnosis, project management, business and financial management, etc.), the process of decision-making involves experts' assessments. These assessments frequently are expressed in fuzzy numbers, confidence intervals, intuitionistic fuzzy values, hesitant fuzzy elements and so on. However, a more realistic approach is using linguistic expert assessments (linguistic variables). In the proposed methodology both the values and weights of the criteria take the form of linguistic variables, given by all decision makers. Then, these assessments are expressed in triangular fuzzy numbers. Consequently, proposed approach is based on triangular hesitant fuzzy TOPSIS decision-making model. Following the TOPSIS algorithm, first, the fuzzy positive ideal solution (FPIS) and the fuzzy negative-ideal solution (FNIS) are defined. Then the ranking of alternatives is performed in accordance with the proximity of their distances to the both FPIS and FNIS. Based on proposed approach the software package has been developed, which was used to rank investment projects in the real investment decision-making problem. The application and testing of the software were carried out based on the data provided by the ‘Bank of Georgia’. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=fuzzy%20TOPSIS%20approach" title="fuzzy TOPSIS approach">fuzzy TOPSIS approach</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20project" title=" investment project"> investment project</a>, <a href="https://publications.waset.org/abstracts/search?q=linguistic%20variable" title=" linguistic variable"> linguistic variable</a>, <a href="https://publications.waset.org/abstracts/search?q=multi-criteria%20decision%20making" title=" multi-criteria decision making"> multi-criteria decision making</a>, <a href="https://publications.waset.org/abstracts/search?q=triangular%20hesitant%20fuzzy%20set" title=" triangular hesitant fuzzy set"> triangular hesitant fuzzy set</a> </p> <a href="https://publications.waset.org/abstracts/59560/triangular-hesitant-fuzzy-topsis-approach-in-investment-projects-management" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/59560.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">428</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5118</span> Supplier Risk Management: A Multivariate Statistical Modelling and Portfolio Optimization Based Approach for Supplier Delivery Performance Development </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Jiahui%20Yang">Jiahui Yang</a>, <a href="https://publications.waset.org/abstracts/search?q=John%20Quigley"> John Quigley</a>, <a href="https://publications.waset.org/abstracts/search?q=Lesley%20Walls"> Lesley Walls</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper, the authors develop a stochastic model regarding the investment in supplier delivery performance development from a buyer’s perspective. The authors propose a multivariate model through a Multinomial-Dirichlet distribution within an Empirical Bayesian inference framework, representing both the epistemic and aleatory uncertainties in deliveries. A closed form solution is obtained and the lower and upper bound for both optimal investment level and expected profit under uncertainty are derived. The theoretical properties provide decision makers with useful insights regarding supplier delivery performance improvement problems where multiple delivery statuses are involved. The authors also extend the model from a single supplier investment into a supplier portfolio, using a Lagrangian method to obtain a theoretical expression for an optimal investment level and overall expected profit. The model enables a buyer to know how the marginal expected profit/investment level of each supplier changes with respect to the budget and which supplier should be invested in when additional budget is available. An application of this model is illustrated in a simulation study. Overall, the main contribution of this study is to provide an optimal investment decision making framework for supplier development, taking into account multiple delivery statuses as well as multiple projects. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=decision%20making" title="decision making">decision making</a>, <a href="https://publications.waset.org/abstracts/search?q=empirical%20bayesian" title=" empirical bayesian"> empirical bayesian</a>, <a href="https://publications.waset.org/abstracts/search?q=portfolio%20optimization" title=" portfolio optimization"> portfolio optimization</a>, <a href="https://publications.waset.org/abstracts/search?q=supplier%20development" title=" supplier development"> supplier development</a>, <a href="https://publications.waset.org/abstracts/search?q=supply%20chain%20management" title=" supply chain management"> supply chain management</a> </p> <a href="https://publications.waset.org/abstracts/89731/supplier-risk-management-a-multivariate-statistical-modelling-and-portfolio-optimization-based-approach-for-supplier-delivery-performance-development" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/89731.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">288</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5117</span> Does Inflation Affect Private Investment in Nigeria?</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Amassoma%20Ditimi">Amassoma Ditimi</a>, <a href="https://publications.waset.org/abstracts/search?q=Nwosa%20Philip%20Ifeakachukwu"> Nwosa Philip Ifeakachukwu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study examined the impact of inflation on private investment in Nigeria for the period 1980 to 2012. Private investment was measured by foreign direct investment and private domestic investment. The study employed the Ordinary Least Square (OLS) technique. The empirical regression estimate showed that inflation had a positive but insignificant effect on private investment in Nigeria; implying that although an increase in inflation rate leads to a corresponding increase in private investment but however the effect was found to be insignificant. Thus, the study recommended that government should prevent high inflation rate that can negatively affect private investment in Nigeria and government should also put in place appropriate facilities that are investment enhancing in order to increase the level of both domestic and foreign private investment in Nigeria. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title="inflation rate">inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=private%20investment" title=" private investment"> private investment</a>, <a href="https://publications.waset.org/abstracts/search?q=OLS" title=" OLS"> OLS</a>, <a href="https://publications.waset.org/abstracts/search?q=Nigeria" title=" Nigeria"> Nigeria</a> </p> <a href="https://publications.waset.org/abstracts/33214/does-inflation-affect-private-investment-in-nigeria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/33214.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">372</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5116</span> Contribution to the Decision-Making Process for Selecting the Suitable Maintenance Policy</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Nasser%20Y.%20Mahamoud">Nasser Y. Mahamoud</a>, <a href="https://publications.waset.org/abstracts/search?q=Pierre%20Dehombreux"> Pierre Dehombreux</a>, <a href="https://publications.waset.org/abstracts/search?q=Hassan%20E.%20Robleh"> Hassan E. Robleh</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Industrial companies may be confronted with questions about their choice of maintenance policy. This choice must be guided by several numbers of decision criteria or objectives related to their production or service activities but also to their level of development and their investment prospects. A decision-support methodology to choose a maintenance policy (corrective, systematic or conditional preventive, predictive, opportunistic or not) is proposed to facilitate this choice using the main categories of the most important decision criteria. The different steps of this methodology are illustrated using theoretical case: identification of the different maintenance alternatives, determining the structure of the most important categories of the decision criteria, assessing the different maintenance policies on to the criteria by using an ordinal preference relation, and finally ranking the different maintenance policies. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=maintenance%20policy" title="maintenance policy">maintenance policy</a>, <a href="https://publications.waset.org/abstracts/search?q=decision%20criteria" title=" decision criteria"> decision criteria</a>, <a href="https://publications.waset.org/abstracts/search?q=decision-making%20process" title=" decision-making process"> decision-making process</a>, <a href="https://publications.waset.org/abstracts/search?q=AHP" title=" AHP"> AHP</a> </p> <a href="https://publications.waset.org/abstracts/72202/contribution-to-the-decision-making-process-for-selecting-the-suitable-maintenance-policy" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/72202.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">332</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5115</span> The Potential Dark and Bright Part of Behavioral Biases in Investor’s Investment Decisions: Mediated Moderation of Stock Market Anomalies and Financial Literacy</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Zain%20Ul%20Abideen">Zain Ul Abideen</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The study examines the potentially dark and bright parts of behavioral biases in investors’ investment decisions in the Pakistani equity market. These biases, directly and indirectly, play a comprehensive role in controlling and deciding the investor’s investment decisions. Stock market anomalies are used as a mediator, while financial literacy is used as a moderator to check the mentioned relationship. The sample consisted of investors who have trading experience of more than two years in the stock market. The result indicates that calendar anomalies do not mediate between overconfidence bias and investment decisions. However, the study investigates the mediating role of fundamental and technical anomalies between overconfidence bias and investment decisions. Furthermore, calendar anomalies play a significant role between the disposition effect and investment decisions. Calendar anomalies also mediate between herding bias and investment decisions. Financial literacy significantly moderates between behavioral biases and stock market anomalies. This research would be beneficial for individual and professional investors in their investment decisions. They should be financially literate, consequently less biased and have no market anomalies. Investors in emerging and developed economies can make optimal decisions in their respective stock markets. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=behavioral%20biases" title="behavioral biases">behavioral biases</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20literacy" title=" financial literacy"> financial literacy</a>, <a href="https://publications.waset.org/abstracts/search?q=stock%20market%20anomalies" title=" stock market anomalies"> stock market anomalies</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20decision" title=" investment decision"> investment decision</a> </p> <a href="https://publications.waset.org/abstracts/161410/the-potential-dark-and-bright-part-of-behavioral-biases-in-investors-investment-decisions-mediated-moderation-of-stock-market-anomalies-and-financial-literacy" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/161410.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">72</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5114</span> Relationship between Financial Reporting Transparency and Investment Efficiency: Evidence from Iran</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Bita%20Mashayekhi">Bita Mashayekhi</a>, <a href="https://publications.waset.org/abstracts/search?q=Hamid%20Kalhornia"> Hamid Kalhornia</a> </p> <p class="card-text"><strong>Abstract:</strong></p> One of the most important roles of financial reporting is improving the firms’ investment decisions; however, there is not much supporting evidence for this claim in emerging markets like Iran. In this study, the effect of financial reporting transparency in investment efficiency of Iranian firms has been investigated. In order to do this, 336 listed companies on Tehran Stock Exchange (TSE) has been selected for time period 2012 to 2015 as research sample. For testing our main hypothesis, we classified sample firms into two groups based on their deviation from expected investment: under-investment and over-investment cases. The results indicate that there is positive significant relationship between financial transparency and investment efficiency. In the other words, transparency can mitigate both underinvestment and overinvestment situations. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=corporate%20governance" title="corporate governance">corporate governance</a>, <a href="https://publications.waset.org/abstracts/search?q=disclosure" title=" disclosure"> disclosure</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20decisions" title=" investment decisions"> investment decisions</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20efficiency" title=" investment efficiency"> investment efficiency</a>, <a href="https://publications.waset.org/abstracts/search?q=transparency" title=" transparency"> transparency</a> </p> <a href="https://publications.waset.org/abstracts/47721/relationship-between-financial-reporting-transparency-and-investment-efficiency-evidence-from-iran" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/47721.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">378</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5113</span> COVID-19: A Thread to the Security System of Foreign Investment</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mehdi%20Ghaemi">Mehdi Ghaemi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In principle, foreign investment security is enshrined in International Investment Agreements (IIAs) and Bilateral Investment Treaties (BITs) in the form of protection standards such as the Full Protection and Security Standard (FPS). Accordingly, the host countries undertake to provide the necessary security for the economic activities of foreign investment. With the outbreak of coronavirus, the international community called COVID-19 a threat to international peace security, as well as to the public interest and national security of nations; and to deal with, they proposed several solutions, generally including quarantine, creating social distances, and restricting businesses. This article first studies the security of foreign investment in international investment law. In the following, it analyzes the consequences of the COVID-19 pandemic for foreign investment security so that if there is a threat to that security, solutions could be offered to reduce it. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=foreign%20investment" title="foreign investment">foreign investment</a>, <a href="https://publications.waset.org/abstracts/search?q=FPS%20standard" title=" FPS standard"> FPS standard</a>, <a href="https://publications.waset.org/abstracts/search?q=host%20country" title=" host country"> host country</a>, <a href="https://publications.waset.org/abstracts/search?q=public%20health" title=" public health"> public health</a>, <a href="https://publications.waset.org/abstracts/search?q=COVID-19" title=" COVID-19"> COVID-19</a> </p> <a href="https://publications.waset.org/abstracts/163637/covid-19-a-thread-to-the-security-system-of-foreign-investment" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/163637.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">105</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5112</span> Risk Identification of Investment Feasibility in Indonesia’s Toll Road Infrastructure Investment</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Christo%20Februanto%20Putra">Christo Februanto Putra</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper presents risk identification that affects investment feasibility on toll road infrastructure in Indonesia using qualitative methods survey based on the expert practitioner in investor, contractor, and state officials. The problems on infrastructure investment in Indonesia, especially on KPBU model contract, is many risk factors in the investment plan is not calculated in detail thoroughly. Risk factor is a value used to provide an overview of the risk level assessment of an event which is a function of the probability of the occurrence and the consequences of the risks that arise. As results of the survey which is to show which risk factors impacts directly to the investment feasibility and rank them by their impacts on the investment. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=risk%20identification" title="risk identification">risk identification</a>, <a href="https://publications.waset.org/abstracts/search?q=indonesia%20toll%20road" title=" indonesia toll road"> indonesia toll road</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20feasibility" title=" investment feasibility"> investment feasibility</a> </p> <a href="https://publications.waset.org/abstracts/142379/risk-identification-of-investment-feasibility-in-indonesias-toll-road-infrastructure-investment" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/142379.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">280</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5111</span> Decision Support System for Optimal Placement of Wind Turbines in Electric Distribution Grid</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ahmed%20Ouammi">Ahmed Ouammi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper presents an integrated decision framework to support decision makers in the selection and optimal allocation of wind power plants in the electric grid. The developed approach intends to maximize the benefice related to the project investment during the planning period. The proposed decision model considers the main cost components, meteorological data, environmental impacts, operation and regulation constraints, and territorial information. The decision framework is expressed as a stochastic constrained optimization problem with the aim to identify the suitable locations and related optimal wind turbine technology considering the operational constraints and maximizing the benefice. The developed decision support system is applied to a case study to demonstrate and validate its performance. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=decision%20support%20systems" title="decision support systems">decision support systems</a>, <a href="https://publications.waset.org/abstracts/search?q=electric%20power%20grid" title=" electric power grid"> electric power grid</a>, <a href="https://publications.waset.org/abstracts/search?q=optimization" title=" optimization"> optimization</a>, <a href="https://publications.waset.org/abstracts/search?q=wind%20energy" title=" wind energy "> wind energy </a> </p> <a href="https://publications.waset.org/abstracts/122208/decision-support-system-for-optimal-placement-of-wind-turbines-in-electric-distribution-grid" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/122208.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">153</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5110</span> Two Stage Fuzzy Methodology to Evaluate the Credit Risks of Investment Projects</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=O.%20Badagadze">O. Badagadze</a>, <a href="https://publications.waset.org/abstracts/search?q=G.%20Sirbiladze"> G. Sirbiladze</a>, <a href="https://publications.waset.org/abstracts/search?q=I.%20Khutsishvili"> I. Khutsishvili</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The work proposes a decision support methodology for the credit risk minimization in selection of investment projects. The methodology provides two stages of projects’ evaluation. Preliminary selection of projects with minor credit risks is made using the Expertons Method. The second stage makes ranking of chosen projects using the Possibilistic Discrimination Analysis Method. The latter is a new modification of a well-known Method of Fuzzy Discrimination Analysis. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=expert%20valuations" title="expert valuations">expert valuations</a>, <a href="https://publications.waset.org/abstracts/search?q=expertons" title=" expertons"> expertons</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20project%20risks" title=" investment project risks"> investment project risks</a>, <a href="https://publications.waset.org/abstracts/search?q=positive%20and%20negative%20discriminations" title=" positive and negative discriminations"> positive and negative discriminations</a>, <a href="https://publications.waset.org/abstracts/search?q=possibility%20distribution" title=" possibility distribution"> possibility distribution</a> </p> <a href="https://publications.waset.org/abstracts/9450/two-stage-fuzzy-methodology-to-evaluate-the-credit-risks-of-investment-projects" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/9450.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">676</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5109</span> Sales-Based Dynamic Investment and Leverage Decisions: A Longitudinal Study</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Rihab%20Belguith">Rihab Belguith</a>, <a href="https://publications.waset.org/abstracts/search?q=Fathi%20Abid"> Fathi Abid</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The paper develops a system-based approach to investigate the dynamic adjustment of debt structure and investment policies of the Dow-Jones index. This approach enables the assessment of relations among sales, debt, and investment opportunities by considering the simultaneous effect of the market environmental change and future growth opportunities. We integrate the firm-specific sales variance to capture the industries' conditions in the model. Empirical results were obtained through a panel data set of firms with different sectors. The analysis support that environmental change does not affect equally the different industry since operating leverage differs among industries and so the sensitivity to sales variance. Including adjusted-specific variance, we find that there is no monotonic relation between leverage, sales, and investment. The firm may choose a low debt level in response to high sales variance but high leverage to attenuate the negative relation between sales variance and the current level of investment. We further find that while the overall effect of debt maturity on leverage is unaffected by the level of growth opportunities, the shorter the maturity of debt is, the smaller the direct effect of sales variance on investment. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=dynamic%20panel" title="dynamic panel">dynamic panel</a>, <a href="https://publications.waset.org/abstracts/search?q=investment" title=" investment"> investment</a>, <a href="https://publications.waset.org/abstracts/search?q=leverage%20decision" title=" leverage decision"> leverage decision</a>, <a href="https://publications.waset.org/abstracts/search?q=sales%20uncertainty" title=" sales uncertainty"> sales uncertainty</a> </p> <a href="https://publications.waset.org/abstracts/140094/sales-based-dynamic-investment-and-leverage-decisions-a-longitudinal-study" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/140094.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">243</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5108</span> Dynamics of Investor's Behaviour: An Analytical Survey Study in Indian Securities Market</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saurabh%20Agarwal">Saurabh Agarwal</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper attempts to formalise the effect of demographic variables like marital status, gender, occupation and age on the source of investment advice which, in turn, affect the herd behaviour of investors and probability of investment in near future. Further, postulations have been made for most preferred investment option and purpose of saving and source of investment. Impact of theoretical analysis on choice among investment alternatives has also been investigated. The analysis contributes to understanding the different investment choices made by households in India. The insights offered in the paper indirectly contribute in uncovering the various unexplained asset pricing puzzles. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=portfolio%20choice" title="portfolio choice">portfolio choice</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20decisions" title=" investment decisions"> investment decisions</a>, <a href="https://publications.waset.org/abstracts/search?q=investor%E2%80%99s%20behaviour" title=" investor’s behaviour"> investor’s behaviour</a>, <a href="https://publications.waset.org/abstracts/search?q=Indian%20securities%20market" title=" Indian securities market"> Indian securities market</a> </p> <a href="https://publications.waset.org/abstracts/13305/dynamics-of-investors-behaviour-an-analytical-survey-study-in-indian-securities-market" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/13305.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">367</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5107</span> Optimization Model for Support Decision for Maximizing Production of Mixed Fresh Fruit Farms</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Andr%C3%A9s%20I.%20%C3%81vila">Andrés I. Ávila</a>, <a href="https://publications.waset.org/abstracts/search?q=Patricia%20Aros"> Patricia Aros</a>, <a href="https://publications.waset.org/abstracts/search?q=C%C3%A9sar%20San%20Mart%C3%ADn"> César San Martín</a>, <a href="https://publications.waset.org/abstracts/search?q=Elizabeth%20Kehr"> Elizabeth Kehr</a>, <a href="https://publications.waset.org/abstracts/search?q=Yovana%20Leal"> Yovana Leal</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Planning models for fresh products is a very useful tool for improving the net profits. To get an efficient supply chain model, several functions should be considered to get a complete simulation of several operational units. We consider a linear programming model to help farmers to decide if it is convenient to choose what area should be planted for three kinds of export fruits considering their future investment. We consider area, investment, water, productivity minimal unit, and harvest restrictions to develop a monthly based model to compute the average income in five years. Also, conditions on the field as area, water availability, and initial investment are required. Using the Chilean costs and dollar-peso exchange rate, we can simulate several scenarios to understand the possible risks associated to this market. Also, this tool help to support decisions for government and individual farmers. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=mixed%20integer%20problem" title="mixed integer problem">mixed integer problem</a>, <a href="https://publications.waset.org/abstracts/search?q=fresh%20fruit%20production" title=" fresh fruit production"> fresh fruit production</a>, <a href="https://publications.waset.org/abstracts/search?q=support%20decision%20model" title=" support decision model"> support decision model</a>, <a href="https://publications.waset.org/abstracts/search?q=agricultural%20and%20biosystems%20engineering" title=" agricultural and biosystems engineering"> agricultural and biosystems engineering</a> </p> <a href="https://publications.waset.org/abstracts/26591/optimization-model-for-support-decision-for-maximizing-production-of-mixed-fresh-fruit-farms" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/26591.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">438</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5106</span> Risk Assessment for International Investment: A Standardized Approach to Identify Risk, Risk Appetite, Risk Rating, Risk Treatment and Mitigation Plans</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Pui%20Yong%20Leo">Pui Yong Leo</a>, <a href="https://publications.waset.org/abstracts/search?q=Normy%20Maziah%20Mohd%20Said"> Normy Maziah Mohd Said</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Change of global economy landscape and business environment has led to companies’ decision to go global and enter international markets. As the companies go beyond the comfort zone (i.e. investing in the home country), it is important to ensure a comprehensive risk assessment is carried out. This paper describes a standardized approach for international investment, ensuring identification of risk, risk appetite, risk rating, risk treatment and mitigation plans for respective international investment proposal. The standardized approach is divided into three (3) stages as follows: Stage 1 – Preliminary Risk profiling; with the objective to gauge exposure to countries and high level risk factors as first level assessment. Stage 2 – Risk Parameters; with the objective to define risk appetite for the international investment from the perspective of likelihood and impact. Stage 3 – Detailed Risk Assessments; with the objectives to assess in detail any triggered elements from Stage 1, and project specific risks. The final output will include the mitigation plans for the identified risks for the total investment. Example will be given in this paper to show how comprehensive risk assessment is carried out for an international investment in power energy sector. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=international%20investment" title="international investment">international investment</a>, <a href="https://publications.waset.org/abstracts/search?q=mitigation%20plans" title=" mitigation plans"> mitigation plans</a>, <a href="https://publications.waset.org/abstracts/search?q=risk%20appetite" title=" risk appetite"> risk appetite</a>, <a href="https://publications.waset.org/abstracts/search?q=risk%20assessment" title=" risk assessment"> risk assessment</a> </p> <a href="https://publications.waset.org/abstracts/61464/risk-assessment-for-international-investment-a-standardized-approach-to-identify-risk-risk-appetite-risk-rating-risk-treatment-and-mitigation-plans" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/61464.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">388</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5105</span> Multi-Objective Optimization of Run-of-River Small-Hydropower Plants Considering Both Investment Cost and Annual Energy Generation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Am%C3%A8d%C3%A9djihund%C3%A9%20H.%20J.%20Hounnou">Amèdédjihundé H. J. Hounnou</a>, <a href="https://publications.waset.org/abstracts/search?q=Fr%C3%A9d%C3%A9ric%20Dubas"> Frédéric Dubas</a>, <a href="https://publications.waset.org/abstracts/search?q=Fran%C3%A7ois-Xavier%20Fifatin"> François-Xavier Fifatin</a>, <a href="https://publications.waset.org/abstracts/search?q=Didier%20Chamagne"> Didier Chamagne</a>, <a href="https://publications.waset.org/abstracts/search?q=Antoine%20Vianou"> Antoine Vianou</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper presents the techno-economic evaluation of run-of-river small-hydropower plants. In this regard, a multi-objective optimization procedure is proposed for the optimal sizing of the hydropower plants, and NSGAII is employed as the optimization algorithm. Annual generated energy and investment cost are considered as the objective functions, and number of generator units (<em>n</em>) and nominal turbine flow rate (<em>Q<sub>T</sub></em>) constitute the decision variables. Site of Yeripao in Benin is considered as the case study. We have categorized the river of this site using its environmental characteristics: gross head, and first quartile, median, third quartile and mean of flow. Effects of each decision variable on the objective functions are analysed. The results gave Pareto Front which represents the trade-offs between annual energy generation and the investment cost of hydropower plants, as well as the recommended optimal solutions. We noted that with the increase of the annual energy generation, the investment cost rises. Thus, maximizing energy generation is contradictory with minimizing the investment cost. Moreover, we have noted that the solutions of Pareto Front are grouped according to the number of generator units (<em>n)</em>. The results also illustrate that the costs per kWh are grouped according to the <em>n</em> and rise with the increase of the nominal turbine flow rate. The lowest investment costs per kWh are obtained for <em>n</em> equal to one and are between 0.065 and 0.180 €/kWh. Following the values of n (equal to 1, 2, 3 or 4), the investment cost and investment cost per kWh increase almost linearly with increasing the nominal turbine flowrate while annual generated. Energy increases logarithmically with increasing of the nominal turbine flowrate. This study made for the Yeripao river can be applied to other rivers with their own characteristics. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=hydropower%20plant" title="hydropower plant">hydropower plant</a>, <a href="https://publications.waset.org/abstracts/search?q=investment%20cost" title=" investment cost"> investment cost</a>, <a href="https://publications.waset.org/abstracts/search?q=multi-objective%20optimization" title=" multi-objective optimization"> multi-objective optimization</a>, <a href="https://publications.waset.org/abstracts/search?q=number%20of%20generator%20units" title=" number of generator units"> number of generator units</a> </p> <a href="https://publications.waset.org/abstracts/103977/multi-objective-optimization-of-run-of-river-small-hydropower-plants-considering-both-investment-cost-and-annual-energy-generation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/103977.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">157</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5104</span> An Analysis of Public Environmental Investment on the Sustainable Development in China</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=K.%20Y.%20Chen">K. Y. Chen</a>, <a href="https://publications.waset.org/abstracts/search?q=Y.%20N.%20Jia"> Y. N. Jia</a>, <a href="https://publications.waset.org/abstracts/search?q=H.%20Chua"> H. Chua</a>, <a href="https://publications.waset.org/abstracts/search?q=C.%20W.%20Kan"> C. W. Kan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> As the largest developing country in the world, China is now facing the problem arising from the environment. Thus, China government increases the environmental investment yearly. In this study, we will analyse the effect of the public environmental investment on the sustainable development in China. Firstly, we will review the current situation of China's environmental issue. Secondly, we will collect the yearly environmental data as well as the information of public environmental investment. Finally, we will use the collected data to analyse and project the SWOT of public environmental investment in China. Therefore, the aim of this paper is to provide the relationship between public environmental investment and sustainable development in China. Based on the data collected, it was revealed that the public environmental investment had a positive impact on the sustainable development in China as well as the GDP growth. Acknowledgment: Authors would like to thank the financial support from the Hong Kong Polytechnic University for this work. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=China" title="China">China</a>, <a href="https://publications.waset.org/abstracts/search?q=public%20environmental%20investment" title=" public environmental investment"> public environmental investment</a>, <a href="https://publications.waset.org/abstracts/search?q=sustainable%20development" title=" sustainable development"> sustainable development</a>, <a href="https://publications.waset.org/abstracts/search?q=analysis" title=" analysis"> analysis</a> </p> <a href="https://publications.waset.org/abstracts/60215/an-analysis-of-public-environmental-investment-on-the-sustainable-development-in-china" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/60215.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">370</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5103</span> Economic Stability and Legitimate Expectations in Foreign Investment Rights</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mehdi%20Ghaemi">Mehdi Ghaemi</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Within the current paper, there is an attempt to examine the legal system that overrules economic stability and legitimate expectations of foreign investment rights. Studies show that Meeting the legitimate expectations of foreign investment is one of the rights and privileges which obviously are to be benefited from by all types of foreign investments. The legitimate expectations of foreign investors are protected and structured strongly with the help of international investment laws. The body of international investment laws is faced with multiple challenges with respect to the legitimate expectations of foreign investments, including the Economic stability and the public interest of the host country, the attitude of the host country towards the legitimate rights and privileges of the foreign investment, the ways to meet and to control those expectations, and also the assessment of the regulations of the host country which would affect the investing bodies within different circumstances. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=foreign%20investment" title="foreign investment">foreign investment</a>, <a href="https://publications.waset.org/abstracts/search?q=legitimate%20expectations" title=" legitimate expectations"> legitimate expectations</a>, <a href="https://publications.waset.org/abstracts/search?q=regulating%20investments" title=" regulating investments"> regulating investments</a>, <a href="https://publications.waset.org/abstracts/search?q=international%20investment" title=" international investment"> international investment</a> </p> <a href="https://publications.waset.org/abstracts/163638/economic-stability-and-legitimate-expectations-in-foreign-investment-rights" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/163638.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">104</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5102</span> A Critical Analysis of Environmental Investment in India</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=K.%20Y.%20Chen">K. Y. Chen</a>, <a href="https://publications.waset.org/abstracts/search?q=H.%20Chua"> H. Chua</a>, <a href="https://publications.waset.org/abstracts/search?q=C.%20W.%20Kan"> C. W. Kan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Environmental investment is an important issue in many countries. In this study, we will first review the environmental issues related to India and their effect on the economical development. Secondly, economic data would be collected from government yearly statistics. The statistics would also include the environmental investment information of India. Finally, we would co-relate the data in order to find out the relationship between environmental investment and sustainable development in India. Therefore, in the paper, we aim to analyse the effect of an environmental investment on the sustainable development in India. Based on the economic data collected, India is in development status with fast population and GDP growth speed. India is facing the environment problems due to its high-speed development. However, the environment investment could give a positive impact on the sustainable development in India. The environmental investment is keeping in the same growth rate with GDP. Acknowledgment: Authors would like to thank the financial support from the Hong Kong Polytechnic University for this work. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=India" title="India">India</a>, <a href="https://publications.waset.org/abstracts/search?q=environmental%20investment" title=" environmental investment"> environmental investment</a>, <a href="https://publications.waset.org/abstracts/search?q=sustainable%20development" title=" sustainable development"> sustainable development</a>, <a href="https://publications.waset.org/abstracts/search?q=analysis" title=" analysis"> analysis</a> </p> <a href="https://publications.waset.org/abstracts/60210/a-critical-analysis-of-environmental-investment-in-india" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/60210.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">314</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5101</span> Market Access for Foreign Investment in Host States: Municipal Law and International Law</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Qiang%20Ren">Qiang Ren</a> </p> <p class="card-text"><strong>Abstract:</strong></p> A growing number of states are improving domestic law to better protect and promote foreign investment by changing/upgrading the existing law. However, inconsistency occurs because the new law is different from the ‘old’ law. For example, China has issued an unprecedented Foreign Investment Law and several regulations allowing comprehensive market access for foreign investment in most energy sectors since 2020. However, some laws, rules, regulations, etc. enacted previously remain valid, and the provisions regulating foreign investment do not grant full market access to foreign investment as such. The inconsistency above makes it necessary to investigatehow the international investment treaty law and dispute settlement practice respond to the ‘inconsistency and conflict’ in municipal law andwhat remedy foreign investors can seek under international law if the investment is denied due to inconsistency. Ultimately, it aims to examine how international tribunals should balance the gradually developing legal system of host states and the protection of foreign investors and investments if the host states cannot provide consistency during such a transition period of law development. The research seeks to answer these questions by making a comparative analysis of domestic law on market access to foreign investment, international investment treaties, and dispute arbitral practice. The objective is to examine how international investment treaty law and international investment dispute settlement practice evaluate the conflicts in the municipal law of host states in the admission of foreign investment. It also explores the possibility of harmonisation among them. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=municipal%20law" title="municipal law">municipal law</a>, <a href="https://publications.waset.org/abstracts/search?q=protect%20and%20promote%20foreign%20investment" title=" protect and promote foreign investment"> protect and promote foreign investment</a>, <a href="https://publications.waset.org/abstracts/search?q=international%20law" title=" international law"> international law</a>, <a href="https://publications.waset.org/abstracts/search?q=host%20states" title=" host states"> host states</a> </p> <a href="https://publications.waset.org/abstracts/156148/market-access-for-foreign-investment-in-host-states-municipal-law-and-international-law" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/156148.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">94</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5100</span> Early-Stage Venture Investment Model: Evidence from Saudi Arabia</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tibah%20Alharbi">Tibah Alharbi</a>, <a href="https://publications.waset.org/abstracts/search?q=Renzo%20Cordina"> Renzo Cordina</a>, <a href="https://publications.waset.org/abstracts/search?q=David%20Power"> David Power</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Relatively few studies have explored how venture capitalist investors (VCs) make investment decisions and the information they rely on when taking an equity stake in an investee company. In addition, little is known about how much investors monitor start-ups after the decision to invest has been made. The VC scene in the US or European context is understood better than that of developing countries such as those in the Middle East. Although some differences among VC investors have been identified, the reasons behind such differences have not been fully explored – especially in a country such as Saudi Arabia. Therefore, this research seeks to understand the impact of external factors on the VC investor’ behaviour. The unique cultural and legal environments in the Kingdom of Saudi Arabia, the growing VC sector in the country, and the increasing importance attached to start-ups under the Saudi Government’s Vision 2030 program make such an investigation timely. Ascertaining the perceptions of VC investors in such a context will provide a deeper understanding of the determinants of VC investment in a novel setting. Using semi-structured interviews with over 20 participants, the research explores the structure of VC funds, the cycle of the VC investment in a start-up from the sourcing of deals, the screening and evaluation of such deals, the closing of such deals, and finally, the monitoring of such investments before the decision to exit such deals at the appropriate time. The results show some similarities to the VC model, which characterizes such investment in the US and Europe, but several differences emerge given the unique cultural and legal settings within the Kingdom. The results provide an in-depth understanding of the VC investors’ mindset relative to the existing studies in the literature. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=exit" title="exit">exit</a>, <a href="https://publications.waset.org/abstracts/search?q=monitoring" title=" monitoring"> monitoring</a>, <a href="https://publications.waset.org/abstracts/search?q=start-ups" title=" start-ups"> start-ups</a>, <a href="https://publications.waset.org/abstracts/search?q=venture%20capital" title=" venture capital"> venture capital</a> </p> <a href="https://publications.waset.org/abstracts/148394/early-stage-venture-investment-model-evidence-from-saudi-arabia" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/148394.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">145</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5099</span> Exploring Perceptions of Non-Energy Benefits and Energy Efficiency Investment in the Malaysian Industrial Sector</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Siti%20Noor%20Baiti%20Binti%20Mustafa">Siti Noor Baiti Binti Mustafa</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Energy management studies regarding energy efficiency investments in Malaysia has yet to address the lack of empirical research that examines pro- sustainability behavior of managers in the industrial sector and how it influences energy efficiency investment decision-making. This study adopts the Theory of Planned Behavior (TPB) to examine the relationship between personal attitude, subjective norms, and perceived behavioral control (PBC), the intention of energy efficiency investments, and how perceptions of Non-Energy Benefits (NEB) influence these intentions among managers in the industrial sector in Malaysia. Managers from various sub-sectors in the industrial sector were selected from a sample of companies that are participants of the Government-led program named the Energy Audit Conditional Grant (EACG) that aimed to promote energy efficiency. Data collection was conducted through an online semi-structured, open-ended questionnaire and then later interviewed. The results of this explorative sequential qualitative study showed that perceived behavioral control was a significant predictor of energy efficiency investment intentions as compared to factors such as attitude and subjective norms. The level of awareness and perceptions towards NEB further played a significant factor in influencing energy efficiency investment decision-making as well. Various measures and policy recommendations are provided together with insights on factors that influence decision-makers intention to invest in energy efficiency, whilst new knowledge on NEB perceptions will be useful to enhance the attractiveness of energy-efficient investments. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=energy%20efficiency%20investments" title="energy efficiency investments">energy efficiency investments</a>, <a href="https://publications.waset.org/abstracts/search?q=non-energy%20benefits" title=" non-energy benefits"> non-energy benefits</a>, <a href="https://publications.waset.org/abstracts/search?q=theory%20of%20planned%20behavior" title=" theory of planned behavior"> theory of planned behavior</a>, <a href="https://publications.waset.org/abstracts/search?q=personal%20attitude" title=" personal attitude"> personal attitude</a>, <a href="https://publications.waset.org/abstracts/search?q=subjective%20norms" title=" subjective norms"> subjective norms</a>, <a href="https://publications.waset.org/abstracts/search?q=perceived%20behavioral%20control" title=" perceived behavioral control"> perceived behavioral control</a>, <a href="https://publications.waset.org/abstracts/search?q=Malaysia%20industrial%20sector" title=" Malaysia industrial sector"> Malaysia industrial sector</a> </p> <a href="https://publications.waset.org/abstracts/168320/exploring-perceptions-of-non-energy-benefits-and-energy-efficiency-investment-in-the-malaysian-industrial-sector" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/168320.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">124</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">5098</span> Long Term Examination of the Profitability Estimation Focused on Benefits</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Stephan%20Printz">Stephan Printz</a>, <a href="https://publications.waset.org/abstracts/search?q=Kristina%20Lahl"> Kristina Lahl</a>, <a href="https://publications.waset.org/abstracts/search?q=Ren%C3%A9%20Vossen"> René Vossen</a>, <a href="https://publications.waset.org/abstracts/search?q=Sabina%20Jeschke"> Sabina Jeschke</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Strategic investment decisions are characterized by high innovation potential and long-term effects on the competitiveness of enterprises. Due to the uncertainty and risks involved in this complex decision making process, the need arises for well-structured support activities. A method that considers cost and the long-term added value is the cost-benefit effectiveness estimation. One of those methods is the “profitability estimation focused on benefits – PEFB”-method developed at the Institute of Management Cybernetics at RWTH Aachen University. The method copes with the challenges associated with strategic investment decisions by integrating long-term non-monetary aspects whilst also mapping the chronological sequence of an investment within the organization’s target system. Thus, this method is characterized as a holistic approach for the evaluation of costs and benefits of an investment. This participation-oriented method was applied to business environments in many workshops. The results of the workshops are a library of more than 96 cost aspects, as well as 122 benefit aspects. These aspects are preprocessed and comparatively analyzed with regards to their alignment to a series of risk levels. For the first time, an accumulation and a distribution of cost and benefit aspects regarding their impact and probability of occurrence are given. The results give evidence that the PEFB-method combines precise measures of financial accounting with the incorporation of benefits. Finally, the results constitute the basics for using information technology and data science for decision support when applying within the PEFB-method. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cost-benefit%20analysis" title="cost-benefit analysis">cost-benefit analysis</a>, <a href="https://publications.waset.org/abstracts/search?q=multi-criteria%20decision" title=" multi-criteria decision"> multi-criteria decision</a>, <a href="https://publications.waset.org/abstracts/search?q=profitability%20estimation%20focused%20on%20benefits" title=" profitability estimation focused on benefits"> profitability estimation focused on benefits</a>, <a href="https://publications.waset.org/abstracts/search?q=risk%20and%20uncertainty%20analysis" title=" risk and uncertainty analysis"> risk and uncertainty analysis</a> </p> <a 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