+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
National Interests: Priorities and Security
 

Investment in the integration of information technologies in power systems: Distinctions in evaluating

Vol. 16, Iss. 7, JULY 2020

Received: 11 May 2020

Received in revised form: 26 May 2020

Accepted: 10 June 2020

Available online: 16 July 2020

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: Q43, Q47

Pages: 1335–1351

https://doi.org/10.24891/ni.16.7.1335

Loktionov V.I. Melentiev Energy Systems Institute of Siberian Branch of RAS (ESI SB RAS), Irkutsk, Russian Federation
vadlok@mail.ru

https://orcid.org/0000-0001-8478-3222

Loktionova E.A. Irkutsk National Research Technical University (INRTU), Irkutsk, Russian Federation
loktionova_ea@mail.ru

https://orcid.org/0000-0003-0126-7930

Subject. The sustainability and performance of power companies demonstrate an increasing dependence on information technologies integrated in power systems, since they help solve short-term business tasks and achieve long-standing strategic goals.
Objectives. The study aims to unfold the investment decision-making methodology for implementing information technologies in power systems.
Methods. Research is based on a systems approach to analyzing relevant methods and tools for investment feasibility study.
Results. We point out the main distinctions of IT in power engineering as a target of investment. The article describes an algorithm for analyzing investment and the conceptual model for evaluating whether it is lucrative to invest in the integration of IT in power engineering. We discovered how relevant methods for analyzing investment in IT integration for power engineering correlate with contextual details of the investment project.
Conclusions and Relevance. The methodology for evaluating the lucrativeness of investment in IT integration for power engineering should be developed so as to justify evaluation methods and tools in line with properties of IT to be integrated, properties of the power system, forecasting horizon, organizational capabilities of power engineering companies and pursuits of the investor.

Keywords: energy, investment, innovation, information technology, energy system

References:

  1. Dedrick J., Kraemer K.L., Shih E. Information Technology and Productivity in Developed and Developing Countries. Journal Management Information System, 2013, vol. 30, iss. 1, pp. 97–122. URL: Link
  2. Vassilyev S.N., Kelina A.Yu., Kudinov Y.I., Pashchenko F.F. Intelligent Control Systems. Procedia Computer Science, 2017, vol. 103, pp. 623–628. URL: Link
  3. Golpira H., Bahramara S. Internet-of-Things-based Optimal Smart City Energy Management Considering Shiftable Loads and Energy Storage. Journal of Cleaner Production, 2020, vol. 264. URL: Link
  4. Khatuaa P.K., Ramachandaramurthy V.K., Kasinathan P. et al. Application and Assessment of Internet of Things toward the Sustainability of Energy Systems: Challenges and Issues. Sustainable Cities and Society, 2020, vol. 53. URL: Link
  5. Motlagh N.H., Mohammadrezaei M., Hunt J., Zakeri B. Internet of Things (IoT) and the Energy Sector. Energies, 2020, vol. 13, iss. 2, p. 494. URL: Link
  6. Gorbenko A.V., Gorbenko A.O. [The problem of evaluation of economic efficiency of energy information systems]. Ekonomika: vchera, segodnya, zavtra = Economics: Yesterday, Today, Tomorrow, 2017, vol. 7, iss. 9A, pp. 169–179. (In Russ.)
  7. Karpychev V.Yu. [Investment in Information Technologies: Problems and Solutions]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2010, vol. 9, iss. 25, pp. 2–8. URL: Link (In Russ.)
  8. Mosina E.I. [Investments in informational technologies]. Vestnik OrelGIET = Bulletin of the Orel State University Economic and Trade, 2011, vol. 2, pp. 39–41. (In Russ.)
  9. Smirnov V.V., Mulendeeva A.V. [The use of Information and Communication Technologies in the Russian entities]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2019, vol. 15, iss. 3, pp. 458–475. (In Russ.) URL: Link
  10. Bakos I.V., Kemerer C.F. Recent Applications of Economic Theory in Information Technology Research. Decision Support Systems, 1992, vol. 8, iss. 5, pp. 365–386. URL: Link90024-J
  11. Purwita A.W., Subriadi A.P. Information Technology Investment: In Search of the Closest Accurate Method. Procedia Computer Science, 2019, vol. 161, pp. 300–307. URL: Link
  12. Balyshev S.O., Balyshev O.A., Saneev B.G. Matematicheskie modeli otsenki investitsionnykh proektov v energetike [Mathematical models for evaluating investment projects in the energy sector]. Irkutsk, Melentiev Energy Systems Institute of Siberian Branch of the Russian Academy of Sciences Publ., 2004, 55 p.
  13. Malyshev E.A., Podoinitsyn R.G. [Evaluation method of investment based on real option analysis]. Ekonomika regiona = Economy of Region, 2013, no. 1, pp. 198–204. URL: Link (In Russ.)
  14. Anandarajan A., Sylla Ch. Examining Investments in Information Technology: A Critical Appraisal Approach. IFAC Proceedings Volumes, 2000, vol. 33, iss. 17, pp. 283–288. URL: Link39415-6
  15. Joppen R., Lipsmeier A., Tewes Ch. et al. Evaluation of Investments in the Digitalization of a Production. Procedia CIRP, 2019, vol. 81, pp. 411–416. URL: Link
  16. Miloud T., Aspelund A., Cabrol M. Startup Valuation by Venture Capitalists: An Empirical Study. Venture Capital, vol. 14, iss. 2-3, 2012, pp. 151–174. URL: Link
  17. Sievers S., Mokwa C., Keienburg G. The Relevance of Financial versus Non-Financial Information for the Valuation of Venture Capital-Backed Firms. European Accounting Review, 2013, vol. 22, iss. 3. URL: Link
  18. Lee H., Choi H., Lee J., Min J. Impact of IT Investment on Firm Performance Based on Technology IT Architecture. Procedia Computer Science, 2016, vol. 91, pp. 652–661. URL: Link

View all articles of issue

 

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 3
March 2024

Archive