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The Method for Evaluation and Selection of Investment Projects in the Field of Municipal Waste Management

Affiliations

  • Lobachevsky State University of Nizhni Novgorod - National Research University, Dzerzhinsky Branch, Dzerzhinsk, Russia
  • Bauman Moscow State Technical University, Moscow, Russia

Abstract


Background/Objectives: Relevance of the work is determined by the fact that one of municipal authorities’ tasks is to create conditions for a comfortable residence of the citizens. The article deals with the procedure for evaluation and selection of investment projects relating to municipal solid waste management. Methods: The main methods for the evaluation and selection of investment projects are expert method enabling to evaluate the social significance of the project; risk assessment method based on the theory of fuzzy sets to overcome the drawbacks of the probabilistic and the minimax approaches; Pareto method to form a set of projects according to the attractiveness and the risk criteria; cluster analysis to allocate implementation priority to the projects. Findings: A methodology of socially significant investment projects selection in the field of municipal solid waste is provided, taking into account the social, environmental, and economic impacts of the projects implementation. The social significance of investment projects must be the main criteria for their selection. An investment program for the development of municipal solid waste management is drawn up based on the selected investment projects. Improvements/Application: The technique allows forming a municipal program of investment in the development of the municipal solid waste sphere, which for the first time takes into account the social, environmental, and economic imperatives as a whole, based on public-private partnership.

Keywords

Cluster Analysis, Investment Project, Risk, Municipal Solid Waste.

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