Strategies of investing into mining industry under uncertainties of multidimensional alternatives

- Organization:
- The Southern African Institute of Mining and Metallurgy
- Pages:
- 6
- File Size:
- 171 KB
- Publication Date:
- Jan 1, 2003
Abstract
Mining-metallurgical complex is the base of any economics and influences directly on practically all branches of world economics. Therefore the task of estimation and selection of investment decisions in mining industry adequate to modern market conditions and the task of decreasing multidimensional alternatives selection uncertainty are very actual. An uncertainty of investment alternatives is explained by a number of reasons, main of which are a presence of several investors types, an unstable situation on the market and an absence of evident relations between appraisal criteria used. Maximum increasing of formalization and objectivity of information technologies applied for an estimation permits to reduce the uncertainty of investment variants estimation. A number of principled innovations, allowing to solve the task of decreasing of multidimensional alternatives selection uncertainty, are introduced into the information technology of estimating and selecting investment decisions in mining-metallurgical branch, developed by us. In the article the necessity of including a cognitive model into developed selection mechanism, which allows to take into consideration inter-influences of used critera, has been grounded. Besides, the forecasting model considering interconnected time rows has been applied for increasing the world conjuncture forecast quality. Further in the article main metrics types have been characterized and application of weighted Chebyshev’s metrics as the most compromised from all studied metrics for variants selecting has been proved, and also the developed procedure of directional search of effective compromise decisions has been described. Brief characteristic of designed instrumental means of multi-criteria variants estimation and selection finalizes the article. In conclusion expedience and efficiency of using the developed information technology for reduction of multidimensional alternatives selection uncertainty have been grounded.
Citation
APA:
(2003) Strategies of investing into mining industry under uncertainties of multidimensional alternativesMLA: Strategies of investing into mining industry under uncertainties of multidimensional alternatives. The Southern African Institute of Mining and Metallurgy, 2003.