Program Support for Selection Procedures for Environmentally Oriented Investment Projects

The aim of the work is to develop program support for selection procedures for environmentally oriented investment projects, including the calculation of traditional criteria for the effectiveness of the project, additional environmental criteria for the effectiveness of projects, application of methods for prioritizing projects and their selection with the use of modern information technologies. The article reveals the essence and features of environmentally oriented investment. A system of criteria for assessing the effectiveness of environmentally oriented investment projects has been developed. The conceptual bases of creating an information system for calculating the financial, budgetary, economic, social and environmental indicators of investment projects and their effectiveness, as well as assessing their priority, are proposed for consideration. Calculations of the priority of investment projects were carried out on the basis of the information system developed by the authors using multicriteria analysis methods. As a result, each of the criteria for the effectiveness of the investment project is given a specific quantitative value, and each investment project is a quantitative assessment of the priority of the project, which allows using the results of calculations to select projects and make managerial decisions on their implementation. The proposed information system can be a tool for adopting an effective environmentally oriented economic solution. The conducted experimental calculations showed the adequacy of the developed information system to the existing subject area. The Federal Service for Intellectual Property, Patents and Trademarks of the Russian Federation issued a certificate on the official registration of the computer program for the developed software product.