The Investment Program of Industrial Enterprises under Conditions of Limited Resources

The forming of enterprise investment program in the context of lacking resources is a difficult process. One of the optimization criteria when deciding on the choice of investment objects in the program is to take into account their hierarchical priority ranking. The program includes investment objects with higher economic indicators. Previously, to solve this problem, an apparatus of mathematical economic modelling was used - an optimization model, the parameters of which can be maximized or minimized under certain restrictions. But the research of the authors showed that the most exact and acceptable approach to evaluation of object priority is the hierarchies analysis method. The chosen method employs multicriteria approach to assess object priority. The study justified forming of an industrial enterprise investment program with consideration for hierarchical priority of objects in the context of lacking resources. The investment objects of program qualifying for priority were analyzed on the basis of a comprehensive assessment, while the final decision were taken with due regard for multiple different features and properties of the object and its participants being qualitative or quantitative in nature. As a result of the analysis, the industrial enterprise in the North-Western Federal District has received a justification for the investment object 1 construction priority.