The model of upstream investment portfolio in the mature regions

Portfolio models can serve as an assessment tool for the optimal assignment of capital between the potential investment projects in the various conditions for upstream companies. This process is crucial for any company if it wants to balance the short-term goals and seeks to maximize long-term value of the company. The paper aims to present a practical model of forming oil upstream company’s portfolio. The unique feature of this model is an individual approach to investment plan forming in a context of three types of projects: Exploration, oil production and infrastructure projects. This is due to the individual approach which is used for comparison of all projects by using of universal set of indicators. Suggested model uses the multi-criteria selection mechanism by means of aggregating the key estimating indicators into the final project rank score. In that way the task of forming investment project’s portfolio of upstream company is a linear programming problem that is solved by simplex method. In the paper the model forms consolidated investment portfolio that takes into account decision makers’ preferences in setting of limits for resources. © 2019, Econjournals. All rights reserved.

Авторы
Artemkina L.R.1 , Sopilko N.Y. 2 , Myasnikova O.Y. 3 , Eremina I.U.1 , Bondarchuk N.V. 4 , Shamsheev S.V. 2
Редакторы
-
Издательство
Econjournals
Номер выпуска
4
Язык
Английский
Страницы
173-180
Статус
Опубликовано
Подразделение
-
Номер
-
Том
9
Год
2019
Организации
  • 1 Gubkin Russian State University of Oil and Gas (National Research University), 65 Leninsky Prospekt, Moscow, Russian Federation
  • 2 Russian State Social University, Vil’gelma Picka, 4Moscow, Russian Federation
  • 3 Peoples’ Friendship, University of Russia, 6 Miklukho-Maklaya, Moscow, Russian Federation
  • 4 Russian Academy of National Economy and Public Administration under the President of the Russian Federation, Vernadsky Prospect, 84, Moscow, Russian Federation
Ключевые слова
Decision-making mechanism; Investment portfolio; Optimization model; Project’s ranking indicator; Simplex Method; Upstream company
Дата создания
19.07.2019
Дата изменения
19.07.2019
Постоянная ссылка
https://repository.rudn.ru/ru/records/article/record/38851/