Section

Economic, social, political and recreational geography

Title

THE EVALUATION OF THE IMPLEMENTATION OF ENVIRONMENTAL PROTECTION MEASURES FROM THE STANDPOINT OF THE STATE AND PRIVATE BUSINESSES

Сontributors

A. L. Novoselov, Ph. D. (Economics), Dr. Habil, Plekhanov Russian University of Economics, This email address is being protected from spambots. You need JavaScript enabled to view it.;

V. A. Lobkovsky, Ph. D. (Geography), Researcher, Institute of Geography, Russian Academy of Sciences, This email address is being protected from spambots. You need JavaScript enabled to view it.;

P. A. Khovental, Undergraduate student of the Moscow Institute of Physics and Technology, This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract

The article deals with the identification of the interests of the state, business and society in the implementation of environmental projects and activities in a region. The results of the projects are formalized on the basis of the approved methodology and mathematical tools proposed by the authors. The feature of the evaluation of the effectiveness of regional environmental projects and activities is in calculating real options. To evaluate the effectiveness of the measures from the standpoint of the state, the modification of the Black- Scholes model is proposed; the Geske model is suggested to evaluate the effectiveness of private investment funds.

Keywords

region, environmental facilities, business interests and the interests of the state, efficiency, discounting, Black-Scholes volatility method, Geske method, Monte Carlo method, the analytic hierarchy process.

References

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