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ECONOMIC ASSESSMENT OF THE MODERNIZATION OF THE SHIPPING WAREHOUSE

1 JANEKOVA Jaroslava
Co-authors:
2 FABIANOVA Jana
Institutions:
1 Technical University of Kosice, Faculty of Mechanical Engineering, Kosice, Slovak Republic, EU, jaroslava.janekova@tuke.sk
2 Technical University of Kosice, Faculty of Mining, Ecology, Process Control and Geotechnologies, Kosice, Slovak Republic, EU, jana.fabianova@tuke.sk
Conference:
CLC 2023 - Carpathian Logistics Congress, Wellness Hotel Step, Prague, Czech Republic, EU, November 8 - 10, 2023
Proceedings:
Proceedings CLC 2023 - Carpathian Logistics Congress
Pages:
216-222
ISBN:
978-80-88365-17-4
ISSN:
2694-9318
DOI:
https://doi.org/10.37904/clc.2023.4841
Published:
8th July 2024
Proceedings of the conference have been sent to Web of Science and Scopus for evaluation and potential indexing.
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Abstract

The article presents a stochastic approach to the assessment of the economic efficiency of the modernization of the shipping warehouse. The assessment is based on simulations carried out through a software tool. The evaluation process is implemented in two steps. First, the economic efficiency of the modernization project is evaluated using financial dynamic criteria. Subsequently, the riskiness of the input variables for the chosen dynamic financial criterion is assessed using the Monte Carlo simulation method.

Keywords: Economic efficiency, Monte Carlo simulation, financial criterion, shipping warehouse

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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