15.1.

1 '2011
15. , ,
15.1.
.., , .
. , .
: , ,
OPTIMIZATION OF THE DISTRIBUTION OF INVESTMENT RESOURCES BY AREA OF MACHINE BUILDING ENTERPRISES
Galoyan S.M, Moscow State University of Instrument Engineering and Computer Sciences, senior lecturer
Annotation: One of the main objectives of the investment policy of the enterprise is the effective use of investment resources, which is associated with a rational distribution of own and borrowed funds in the directions of the company.
Keywords: an investment policy, optimization, strategy
() . . .
, .
, . , , , , -
(. 1).
1.

+
, ,


, ' ( , )
,

. ,




. ( )
!,


, , () (). , . () () (). » . : () . () , , - . .
:
(ANPV
ANPV =
ANPV
i =1, j=2
ANPV
i = 2, j=1
ANPV
i=2, j= 2
ANPVi==ij=^ ANPV,
i=2, j=n
ANPVi=m, j=1 ANPVi=m, j=2
ANPV,_
(1)
..

ANPVi=1j=1 - , .
, :
R
R
i=1, J =1
R
i=1, j =2
R
i 2, J 1
V Ri=m, J =1
R
i 2, J 2
R== 1, j=n'
R,=2, J=n
R
R
(2)
i=m, j=n J
=,} =2
=1 - .
» :
= V2xuxR
1
V =
1 u xANPV-1 uT
g = Vi XANPV1 xuT;
1
(3)
V =
VI 73-1 T
u R u
(4)
(1,1 ..1) ; NPV^, '1 - NPV, ; - .
, - NPV, - » () , .
1
V
2
n 1
i=1 Ri
1

R
V
1
1
2

(5)
(6)
1 1 ,
V2 », ; - , » , , .
( ») , .
ANPVn = ^et xANPV,,
(7)
i=1
, NPV.

= ^ , (8)
1=1
,, - , /- ().
. (,), .
= *, (9)
- , ; , - ,
.
, . .
:
1. .. // . - , 1998.
2. .. // .
- , , 1997.
3. . / ., . // . -2005. - 1.
4. .. // .
- . - , 2000.
5. .. // . - » 2, 2004.
6. .. // . - , 2010.
7. .. // . - , 2004.

, - , . .
, . , , (NPV) (R). , . .
,
...
..