The project will deliver the following main results:
New scientific research results (conference and journal papers etc.)
Model and practical tools to evaluate investments and to assess uncertainty and risk including e.g.
tool for cost benefit assessment and (economic value)
tool for societal criteria assessment (societal, symbolic, emotional value)
tool for assessing risks of new investments
Company-specific analysis, presentations and reports (brief & to the point) and company-tailored tools for day-to-day business development and decision-making
Conceptual evaluation framework
Preliminary investment evaluation framework is presented in the figure below. The starting point of applying the assessment methodology is a perceived need for investments, for example, in productivity, replacement and maintenance and for capacity expansion. Thus, assessing the value of investments can be considered a continuing process. Additionally, decision-making can be considered a multidimensional problem wherein any of purely economic, strategic, or risk-related assessment can be deemed inadequate for consideration of all relevant elements.