Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering

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PŠUNDER, Igor ;FERLAN, Nadja .
Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering. 
Strojniški vestnik - Journal of Mechanical Engineering, [S.l.], v. 53, n.9, p. 569-581, august 2017. 
ISSN 0039-2480.
Available at: <https://www.sv-jme.eu/article/analysis-of-the-knowledge-and-the-use-of-investment-project-evaluation-methods-in-the-field-of-mechanical-engineering/>. Date accessed: 04 jul. 2022. 
doi:http://dx.doi.org/.
Pšunder, I., & Ferlan, N.
(2007).
Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering.
Strojniški vestnik - Journal of Mechanical Engineering, 53(9), 569-581.
doi:http://dx.doi.org/
@article{.,
	author = {Igor  Pšunder and Nadja  Ferlan},
	title = {Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering},
	journal = {Strojniški vestnik - Journal of Mechanical Engineering},
	volume = {53},
	number = {9},
	year = {2007},
	keywords = {strojništvo; investicijski projekti; evalvacije; pretok denarja; },
	abstract = {Research done in the USA and the UK has shown that, with the increased use of computers and electronic spreadsheets, the use of these investment project evaluation methods that are based on discounted cash flow has increased. However theoretical findings about these methods show that they have numerous limitations, and ignorance of these limitations can lead to false results as well as false conclusions about investments and investment projects. This paper shows the research results acquired from project managers of Slovene companies. Their personal opinions about investment project evaluation methods and knowledge of the methods' faults were studied in the research. Methods based on discounted cash flow as well as single-period methods of investment evaluation and investment projects were used. During the analysis of the results the situation in the field of mechanical engineering was treated separately and compared with other technical and non-technical sciences. Research has shown that experts dealing with investment project evaluation who have a degree in the field of mechanical engineering more often use discounted cash-flow methods for investment project evaluation than do experts of other technical sciences, but approximately as often as experts in economics and similar sciences. We were able to conclude that experts with education in mechanical engineering are more than usually familiar with the flaws in investment project evaluation methods, but at the same time, only half of them know the multiple internal rate of return, which is the most commonly mentioned fault of the internal rate of return method. Only one-third of experts are familiar with result deformation due to a disregard for the time component of payments in the payback period method.},
	issn = {0039-2480},	pages = {569-581},	doi = {},
	url = {https://www.sv-jme.eu/article/analysis-of-the-knowledge-and-the-use-of-investment-project-evaluation-methods-in-the-field-of-mechanical-engineering/}
}
Pšunder, I.,Ferlan, N.
2007 August 53. Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering. Strojniški vestnik - Journal of Mechanical Engineering. [Online] 53:9
%A Pšunder, Igor 
%A Ferlan, Nadja 
%D 2007
%T Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering
%B 2007
%9 strojništvo; investicijski projekti; evalvacije; pretok denarja; 
%! Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering
%K strojništvo; investicijski projekti; evalvacije; pretok denarja; 
%X Research done in the USA and the UK has shown that, with the increased use of computers and electronic spreadsheets, the use of these investment project evaluation methods that are based on discounted cash flow has increased. However theoretical findings about these methods show that they have numerous limitations, and ignorance of these limitations can lead to false results as well as false conclusions about investments and investment projects. This paper shows the research results acquired from project managers of Slovene companies. Their personal opinions about investment project evaluation methods and knowledge of the methods' faults were studied in the research. Methods based on discounted cash flow as well as single-period methods of investment evaluation and investment projects were used. During the analysis of the results the situation in the field of mechanical engineering was treated separately and compared with other technical and non-technical sciences. Research has shown that experts dealing with investment project evaluation who have a degree in the field of mechanical engineering more often use discounted cash-flow methods for investment project evaluation than do experts of other technical sciences, but approximately as often as experts in economics and similar sciences. We were able to conclude that experts with education in mechanical engineering are more than usually familiar with the flaws in investment project evaluation methods, but at the same time, only half of them know the multiple internal rate of return, which is the most commonly mentioned fault of the internal rate of return method. Only one-third of experts are familiar with result deformation due to a disregard for the time component of payments in the payback period method.
%U https://www.sv-jme.eu/article/analysis-of-the-knowledge-and-the-use-of-investment-project-evaluation-methods-in-the-field-of-mechanical-engineering/
%0 Journal Article
%R 
%& 569
%P 13
%J Strojniški vestnik - Journal of Mechanical Engineering
%V 53
%N 9
%@ 0039-2480
%8 2017-08-18
%7 2017-08-18
Pšunder, Igor, & Nadja  Ferlan.
"Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering." Strojniški vestnik - Journal of Mechanical Engineering [Online], 53.9 (2007): 569-581. Web.  04 Jul. 2022
TY  - JOUR
AU  - Pšunder, Igor 
AU  - Ferlan, Nadja 
PY  - 2007
TI  - Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering
JF  - Strojniški vestnik - Journal of Mechanical Engineering
DO  - 
KW  - strojništvo; investicijski projekti; evalvacije; pretok denarja; 
N2  - Research done in the USA and the UK has shown that, with the increased use of computers and electronic spreadsheets, the use of these investment project evaluation methods that are based on discounted cash flow has increased. However theoretical findings about these methods show that they have numerous limitations, and ignorance of these limitations can lead to false results as well as false conclusions about investments and investment projects. This paper shows the research results acquired from project managers of Slovene companies. Their personal opinions about investment project evaluation methods and knowledge of the methods' faults were studied in the research. Methods based on discounted cash flow as well as single-period methods of investment evaluation and investment projects were used. During the analysis of the results the situation in the field of mechanical engineering was treated separately and compared with other technical and non-technical sciences. Research has shown that experts dealing with investment project evaluation who have a degree in the field of mechanical engineering more often use discounted cash-flow methods for investment project evaluation than do experts of other technical sciences, but approximately as often as experts in economics and similar sciences. We were able to conclude that experts with education in mechanical engineering are more than usually familiar with the flaws in investment project evaluation methods, but at the same time, only half of them know the multiple internal rate of return, which is the most commonly mentioned fault of the internal rate of return method. Only one-third of experts are familiar with result deformation due to a disregard for the time component of payments in the payback period method.
UR  - https://www.sv-jme.eu/article/analysis-of-the-knowledge-and-the-use-of-investment-project-evaluation-methods-in-the-field-of-mechanical-engineering/
@article{{}{.},
	author = {Pšunder, I., Ferlan, N.},
	title = {Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering},
	journal = {Strojniški vestnik - Journal of Mechanical Engineering},
	volume = {53},
	number = {9},
	year = {2007},
	doi = {},
	url = {https://www.sv-jme.eu/article/analysis-of-the-knowledge-and-the-use-of-investment-project-evaluation-methods-in-the-field-of-mechanical-engineering/}
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TY  - JOUR
AU  - Pšunder, Igor 
AU  - Ferlan, Nadja 
PY  - 2017/08/18
TI  - Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering
JF  - Strojniški vestnik - Journal of Mechanical Engineering; Vol 53, No 9 (2007): Strojniški vestnik - Journal of Mechanical Engineering
DO  - 
KW  - strojništvo, investicijski projekti, evalvacije, pretok denarja, 
N2  - Research done in the USA and the UK has shown that, with the increased use of computers and electronic spreadsheets, the use of these investment project evaluation methods that are based on discounted cash flow has increased. However theoretical findings about these methods show that they have numerous limitations, and ignorance of these limitations can lead to false results as well as false conclusions about investments and investment projects. This paper shows the research results acquired from project managers of Slovene companies. Their personal opinions about investment project evaluation methods and knowledge of the methods' faults were studied in the research. Methods based on discounted cash flow as well as single-period methods of investment evaluation and investment projects were used. During the analysis of the results the situation in the field of mechanical engineering was treated separately and compared with other technical and non-technical sciences. Research has shown that experts dealing with investment project evaluation who have a degree in the field of mechanical engineering more often use discounted cash-flow methods for investment project evaluation than do experts of other technical sciences, but approximately as often as experts in economics and similar sciences. We were able to conclude that experts with education in mechanical engineering are more than usually familiar with the flaws in investment project evaluation methods, but at the same time, only half of them know the multiple internal rate of return, which is the most commonly mentioned fault of the internal rate of return method. Only one-third of experts are familiar with result deformation due to a disregard for the time component of payments in the payback period method.
UR  - https://www.sv-jme.eu/article/analysis-of-the-knowledge-and-the-use-of-investment-project-evaluation-methods-in-the-field-of-mechanical-engineering/
Pšunder, Igor, AND Ferlan, Nadja.
"Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering" Strojniški vestnik - Journal of Mechanical Engineering [Online], Volume 53 Number 9 (18 August 2017)

Authors

Affiliations

  • University of Maribor, Faculty of Civil Engineering, Slovenia
  • University of Maribor, Faculty of Civil Engineering, Slovenia

Paper's information

Strojniški vestnik - Journal of Mechanical Engineering 53(2007)9, 569-581
© The Authors, CC-BY 4.0 Int. Change in copyright policy from 2022, Jan 1st.

Research done in the USA and the UK has shown that, with the increased use of computers and electronic spreadsheets, the use of these investment project evaluation methods that are based on discounted cash flow has increased. However theoretical findings about these methods show that they have numerous limitations, and ignorance of these limitations can lead to false results as well as false conclusions about investments and investment projects. This paper shows the research results acquired from project managers of Slovene companies. Their personal opinions about investment project evaluation methods and knowledge of the methods' faults were studied in the research. Methods based on discounted cash flow as well as single-period methods of investment evaluation and investment projects were used. During the analysis of the results the situation in the field of mechanical engineering was treated separately and compared with other technical and non-technical sciences. Research has shown that experts dealing with investment project evaluation who have a degree in the field of mechanical engineering more often use discounted cash-flow methods for investment project evaluation than do experts of other technical sciences, but approximately as often as experts in economics and similar sciences. We were able to conclude that experts with education in mechanical engineering are more than usually familiar with the flaws in investment project evaluation methods, but at the same time, only half of them know the multiple internal rate of return, which is the most commonly mentioned fault of the internal rate of return method. Only one-third of experts are familiar with result deformation due to a disregard for the time component of payments in the payback period method.

strojništvo; investicijski projekti; evalvacije; pretok denarja;