Developing the Methodology of the Financial Aspect in the Economic Feasibility Studies of Industrial Project

Abstract

The aim of the present research was developing the methodology of the financial aspect in the economic feasibility studies of industrial project. Economic capital return rate index is one of the appropriate metrics that has been presented in recent years to determine the economic efficiency of investment projects. The mentioned index has simple solution steps, the ability to solve multi-rate problems and the absence of capital return rates; but this index has important flaws that have seriously limited its use. Based on this, this research introduces a new index named reliable economic capital return rate, which originates from the mentioned index; but it has completely fixed its disadvantages. Also, in some cases, it is difficult to estimate the amounts of financial processes in a definitive numerical way, which may lead to making a wrong decision in accepting or rejecting projects; For this purpose, by defining the values of the financial process in terms of fuzzy numbers, this research introduces a new solution to calculate the reliable economic capital return rate under the fuzzy environment, as well as the degree of economic feasibility of investment projects with high reliability and compatible with the present value method. to determine Finally, this article has used the Monte Carlo simulation method using @RISK software to analyse and validate the results.