Formation of an optimal portfolio of venture projects

User Rating:  / 0
PoorBest 

Authors:


I.A.Korkhina, orcid.org/0000-0002-7530-7993, National Metallurgical Academy of Ukraine, Dnipro, Ukraine, email: This email address is being protected from spambots. You need JavaScript enabled to view it.;

V.O.Petrenko, orcid.org/0000-0001-5017-1674, National Metallurgical Academy of Ukraine, Dnipro, Ukraine, email: This email address is being protected from spambots. You need JavaScript enabled to view it.

V.L.Khomenko, orcid.org/0000-0002-3607-5106, Dnipro University of Technology, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

V.O.Kulyk, orcid.org/0000-0002-0403-0229, Limited Liability Company SHEDRO, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


повний текст / full article



Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2021, (4): 128 - 132

https://doi.org/10.33271/nvngu/2021-4/128



Abstract:



Purpose.
Development of a method for forming an optimal portfolio of venture projects taking into account risks, uncertainty in initial data and limited financial resources.


Methodology.
To calculate the accuracy of forecasting prices, which are necessary for calculating the parameters of the stochastic optimization model for the formation of a portfolio of projects, we used the theory of random variables and regression analysis. The problem of choosing the optimal portfolio of venture projects was solved using stochastic mathematical programming.


Findings.
A model for creating an optimal portfolio of venture projects has been developed. It is a stochastic mathematical programming model that can be used to solve problems of investing in venture projects in the extractive industry. This model takes into account the risks associated with obtaining the expected income from the implementation of each venture project, the uncertainty in the initial data for calculating the income from the projects selected in the portfolio, as well as the limited funds required to finance the project portfolio.


Originality.
The stochastic optimization model for the formation of an optimal portfolio of projects, taking into account the peculiarities of venture projects, in particular, their high riskiness, has been significantly improved and adapted.


Practical value.
The proposed model for the formation of an optimal portfolio of venture projects can be used at mining enterprises, whose development strategy involves the implementation of innovative, high-risk projects. The use of this model in strategic planning will allow an enterprise to receive the maximum income from venture projects in the face of a lack of financial resources, as well as instability of the innovation market.



Keywords:
venture project, project portfolio, optimization, stochastic programming, risks

References.


1. Bai, L., Chen, H., Gao, Q., & Luo, W. (2018). Project portfolio selection based on synergy degree of composite system. Soft Computing, 22, 5535-5545. https://doi.org/10.1007/s00500-018-3277-8.

2. Omelchenko, I.N., Lyakhovich, D.G., & Dobryakova, K.V. (2019). The Method of Forming Innovative Project Portfolio in a Project-Oriented Organization. Herald of the Bauman Moscow State Technical University, Series Mechanical Engineering, (1), 84-89. https://doi.org/10.18698/0236-3941-2019-1-84-89.

3. Zakharchenko, N., Maslii, N., & Kostolonova,L. (2017). Sequence of formation of the portfolio of high-tech projects.Technology audit and production reserves, 2(4), 29-35. https://doi.org/10.15587/2312-8372.2017.98278.

4. Ivanov, D.Yu., & Orlova, K.Yu. (2017). The mechanism for forming a portfolio of innovative projects. Togliatti State University Science Vector, 2(29), 45-53. https://doi.org/10.18323/2221-5689-2017-2-45-53.

5. Boyarinova, K., & Nikanorova, A. (2019). The project portfolio is a tool for securing the competitiveness of enterprises in the minds of risky. Scientific Bulletin of Poltava University of Economics and Trade, 4(95), 6-13. https://doi.org/10.37734/2409-6873-2019-4-1.

6. Gontareva, I.V., & Cherednik, A.O. (2018). A methodical approach to the assessment of the development and implementation of the venture project. Business Inform, 8(487), 130-136.

7. Bushuiev, S.D., & Molokanova, V.M. (2017). Formalization of the accounting valuable memes method for the portfolio of organization development and information computer tools for its implementation.Information Technologies and Learning Tools,62(6), 1-15.https://doi.org/10.33407/itlt.v62i6.1956.

8. Piterska, V.M. (2019). Mechanism of forming a portfolio of science projects in the framework of innovative activities. Bulletin of the National Technical University of KhPI. Series: Strategic management, portfolio management, programs and projects, (2), 36-42. https://doi.org/10.20998/2413-3000.2019.1327.6.

9. Samoryadov, K.A., Sharakhina, L.V., & Sharakhin, P.S. (2017). Strategic innovation project portfolio creation based on fuzzy logic, XX IEEE International Conference on Soft Computing and Measurements (SCM), (pp. 871-873). St. Petersburg. https://doi.org/10.1109/SCM.2017.7970750.

10. Korkhina, I.A. (2014). Mathematical model of the formation of an optimal portfolio of projects taking into account random factors.Science and progress of transport. Bulletin of Dnepropetrovsk National University of Railway Transport, 2(50),111-118.

 

Visitors

3665925
Today
This Month
All days
4766
46147
3665925

Guest Book

If you have questions, comments or suggestions, you can write them in our "Guest Book"

Registration data

ISSN (print) 2071-2227,
ISSN (online) 2223-2362.
Journal was registered by Ministry of Justice of Ukraine.
Registration number КВ No.17742-6592PR dated April 27, 2011.

Contacts

D.Yavornytskyi ave.,19, pavilion 3, room 24-а, Dnipro, 49005
Tel.: +38 (056) 746 32 79.
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
You are here: Home Archive by issue 2021 Content №4 2021 Formation of an optimal portfolio of venture projects