ASSESSMENT OF THE ECONOMIC EFFICIENCY OF THE MODERNIZATION OF CRUSHED STONE MANUFACTURING PROCESS: CASE STUDY
1
Technical University of Košice, Faculty of Mining, Ecology, Process Control and Geotechnology, Park Komenského 14, 04384 Košice, Slovak Republic
2
Technical University of Kosice, Faculty of Mechanical Engineering, Letná 9, 04001 Košice, Slovak Republic
Publication date: 2018-06-01
Corresponding author
Jana Fabianová
Technical University of Košice, Faculty of Mining, Ecology, Process Control and Geotechnology, Park Komenského 14, 04384 Košice, Park Komenského 14, 04384 Košice, Slovak Republic
Technical University of Košice, Faculty of Mining, Ecology, Process Control and Geotechnology, Park Komenského 14, 04384 Košice, Park Komenského 14, 04384 Košice, Slovak Republic
Adv. Sci. Technol. Res. J. 2018; 12(2):237-243
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ABSTRACT
The aim of the paper is to evaluate the economic efficiency of the proposed modernization of the production process of crushed stone in the quarry and to decide whether to accept it or reject it. The project is assessed in a complex way. Profitability is evaluated using Net Present Value (NPV) and Profitability Index (PI), liquidity by means of Discounted Payback Period (DPP). The risk associated with the respective investment is assessed using a probabilistic method - Monte Carlo simulation.
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