Abstract
The article is devoted to solving the problem of evaluation and selection of investment projects aimed at developing territorial communities, taking into account the concept of sustainable development. The problem of choosing from possible alternative solutions is not easy for decision makers and requires qualified justification. This is especially important in the context of decentralization reform, advancement of Ukraine towards society openness, increase of transparency requirements to the authorities and their results. Decision making on the basis of the sustainable development concept determines the evaluation of investment projects in terms of their effectiveness in solving problems of social, economic and environmental nature, finding a balance between these components. The peculiarity of the assessments is not so much quantitative as qualitative character, which makes it expedient to use the apparatus of fuzzy logic. The fuzzy model of evaluation of investment project aimed at developing a territorial community is constructed and substantiated in the work. The model is based on quantitative and qualitative evaluations of the social, economic and environmental components of the concept and enables a “soft” – qualitative evaluation of the investment project under consideration. Modeling results are based on the method of deciding on the choice of investment projects for the development of territorial communities. The proposed model and method are implemented by the Fuzzy Logic Toolbox application, were applied to substantiate decisions for the territorial community of Zaporizhzhia region, and can be used in the development of decision support systems to quantify the decisions and variant calculations.
Highlights
The challenges of the 21st century make it necessary to ensure economic growth in the country on a balance basis
Ensuring balanced development of the regions is one of the priority directions of Ukraine’s regional policy at the present stage of its transformational changes. Achieving this priority is facilitated by decentralization reform, which aims at the enhancing self-development of territorial socio-economic systems, their selfregulation, self-improvement with efficient use of available internal and external resources to meet the needs of residents [3, 4]
If a quantitative indicator can be chosen to evaluate the level of economic development, for example, the rate of increase / decrease in community budget revenues resulting from the project implementation, and to evaluation the social impact can be use the number of jobs that will be created during the project implementation, the environmental component is not always suitable for formal quantitative measurement procedure
Summary
The challenges of the 21st century make it necessary to ensure economic growth in the country on a balance basis This implies the inheritance by descendants of all environmental components in a condition no worse than exists today. This is the concept of sustainable development, which was first emphasized in 1987 in the report “Our Common Future” by the International Commission on Environment and Development [1]. Ensuring balanced development of the regions is one of the priority directions of Ukraine’s regional policy at the present stage of its transformational changes Achieving this priority is facilitated by decentralization reform, which aims at the enhancing self-development of territorial socio-economic systems, their selfregulation, self-improvement with efficient use of available internal and external resources to meet the needs of residents [3, 4]
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