Problems of the development of the Northern Sea Route and its infrastructure amid a decline in economic activity

DOI: 10.33917/mic-6.101.2021.69-77

The article notes that the development of the Northern Sea Route and the Russian Arctic area around it is a necessary condition for improving long-term competitiveness of the national economy. Negative economic trends are identified that have resulted from a decline in economic activity due to the coronavirus epidemic, which significantly affect the performance of ongoing investment projects in the field of mining in the Arctic zone. It is proposed to clarify and correct the existing forecasts for the transportation of goods along the Northern Sea Route, to ensure the most efficient use of the federal budget resources for the development of its infrastructure. Using the methods of comparative analysis and a systematic approach, the authors conclude that in the context of a decline in economic activity, the volume of cargo transportation by private companies along the Northern Sea Route by 2024 will be in the range of 47-50 million tons, and a number of planned projects in the field of production minerals will not be sold. Recommendations are given for adjusting the existing plans for the development of the infrastructure of the Northern Sea Route (including the construction of nuclear icebreakers) in order to more efficiently use the federal budget funds.

Peculiarities of the Valuation Activities Ttransformation in Russia Based on the Value Management Priorities of the Life Cycles of Goods, Works and Services

DOI: https://doi.org/10.33917/es-3.177.2021.72-85

The article discusses particular features of the appraisal activities transformation in the Russian Federation, focused on the priority methodology in cost management of the appraisal objects’ life cycles as the basis for sustainable socio-economic development, especially in implementing national projects. The relevance of this study is based on the importance of solving such a national economic problem as providing the launch of innovative high-tech investment cycles in development of industries, enterprises and investment projects based on forming an updated methodological base for appraisal activities focused on long-term strategic cycles with planning horizon up to 60 years. Furthermore, as the main national evaluation ideology it is proposed to use the concept of formalizing evaluation and value management processes in economic systems, where the main object of assessment is the life cycle of goods, products and works, which are characterized by innovative, high-tech qualities of a breakthrough highly competitive type, as well as by the effect of emergence and synergy.

The aim of the present study is to elaborate a set of relevant search methodological proposals and recommendations for modeling the transformation processes of the national evaluation activity of Russia based on the priorities of cost evaluation and of the life cycles management of goods and works that can provide sustainable and breakthrough socio-economic development of the country on the long-term strategic basis with a planning horizon of up to 50-60 years, with a view to ensuring priority implementation of national projects.

The study is focused on the processes of genesis and  transformation of national appraisal activity in the course of exploratory fundamental research in the field of modeling theoretical provisions and conceptual approaches to structuring methodological framework of evaluation and management of costs, life cycles of goods in the process of implementing national projects based on minimizing the cost of their life cycles, contracts on life cycles, total costs and life cycles’ cost of ownership.

Integrated and systemic approaches based on analysis and synthesis, logical analysis, expert approach, methods of economic and mathematical modeling and forecasting were used as research methods.

Economic evaluation of investments in the development of the mining industry of the industrial complex of the Murmansk region

DOI: 10.33917/mic-4.93.2020.82-89

The article provides an economic assessment of a promising investment project implemented by an enterprise of the mining industry of the industrial complex of the Murmansk region, as well as an analysis of cash flows from current, financial and investment activities, which allowed us to justify the feasibility of implementing an investment project aimed at ensuring an optimal balance of production capacity and achieving environmental obligations to reduce emissions from metallurgical production.

Economic efficiency, financial risks and timing for investment projects implemented with borrowed funds

There is justified the increased need to analyze and evaluate an investment project in the interdependence of its three parties (in three dimension) – efficiency, risks and timing. Specified the concept and proposed the classification of financial risks. The impact of the time parameters of the investment project on its economic efficiency and financial risks has been analyzed. Considered the specifics of the relationship between economic efficiency, financial risks and the time parameters of the project when financing it with borrowed funds.

Small business economics in subsurface use

DOI: 10.33917/mic-3.92.2020.77-86

The article considers the state of small business in subsurface use by type of economic activity-mining. It is shown that this type of activity is in the top three in the structure of gross value added in the regions. The commercial and budgetary efficiency of an investment project for the development of a small oil field is considered on a specific example. The expediency of abolishing the mineral extraction tax for small hydrocarbon deposits is justified. The directions of development of unclaimed small oil and gas fields are proposed.