68 KB134 KB52 KB199920252007Ferlan, NadjaPšunder, Igor13 straniletnik:53številka:9str. 569-581ISSN:0039-2480COBISSID:10274331URN:URN:NBN:SI:doc-JAZJBYT3enslAssociation of Mechanical Engineers and Technicians of Slovenia et al.Zveza strojnih inženirjev in tehnikov Slovenije et al.Strojniški vestnikevalvacijainvesticijski projektistrojništvoAnaliza poznavanja in uporabe metod presoje investicijskih projektov v strojništvu| Analysis of the knowledge and the use of investment project evaluation methods in the field of mechanical engineering|Research done in the USA and the UK has shown that, with the increased use of computers and electronic spreadsheets, the use of these investment project evaluation methods that are based on discounted cash flow has increased. However, theoretical findings about these methods show that they have numerous limitations, and ignorance of these limitations can lead to false results as well as false conclusions about investments and investment projects. This paper shows the research results acquired from project managers of Slovene companies. Their personal opinions about investment project evaluation methods and knowledge of the methods faults were studied inthe research. Methods based on discounted cash flow as well as single-period methods of investment evaluation and investment projects were used. During the analysis of the results the situation in the field of mechanical engineering was treated separately and compared with other technical and non-technical sciences. Research has shown that experts dealing with investment project evaluation who have a degree in the field of mechanical engineering more often use discounted cash-flow methods for investment project evaluation than do experts of other technical sciences, but approximately as often as experts in economics and similar sciences. We were able to conclude that experts with education in mechanical engineering are more than usually familiar with the flaws in investment project evaluation methods, but at the same time, only half of them know the multiple internal rate of return, which is the most commonly mentioned fault of the internal rate of return method. Only one-third of experts are familiar with result deformation due to a disregard for the time component of payments in the payback period methodRaziskave, ki so jih opravili v ZDA in Veliki Britaniji, nakazujejo, da se je z razmahom osebnih računalnikov in elektronskih preglednic razširila tudi uporaba metod presoje investicijskih projektov, ki temeljijo na razobrestovanju (diskontiranju) denarnih tokov. Vendar teoretična spoznanja o teh metodah razlagajo, da metode vsebujejo veliko omejitev, katerih nepoznavanje lahko vodi do napačnih rezultatov ter tudi do napačnih sklepov presoj investicij in investicijskih projektov. V pričujoeem prispevku prikazujemo rezultate raziskave, ki smo jo opravili med projektnimi vodji v slovenskih podjetjih. V raziskavi smo preučevali lastna mnenja anketirancev o uporabi metod presoje investicijskih projektov in poznavanju njihovih pomanjkljivosti, pri čemer smo v raziskavo vključili tako metode, ki temeljijo na razobrestovanju denarnih tokov, kakor tudi enoobdobne metode presoje investicij in investicijskih projektov. V analizi rezultatov smo ločeno obravnavali stanje na področju strojništva ter ga primerjali s preostalimi tehničnimi ter drugimi (netehničnimi) vedami. Z raziskavo smo ugotovili, da strokovnjaki, ki se ukvarjajo s presojo investicijskih projektovin imajo izobrazbo s področja strojnistva, pogosteje uporabljajo metode presoje investicijskih projektov, ki temeljijo na razobrestovanju denarnih tokov, kakor strokovnjaki drugih tehničnih smeri, vendar približno enako pogosto kakor strokovnjaki ekonomskih in sorodnih smeri. Ugotoviti je tudi mogoče, da strokovnjaki strojniške smeri izobrazbe nadpovprečno dobro poznajo pomanjkljivosti metod presoje investicijskih projektov, vendar jih kljub temu le polovica pozna večkratno notranjo (interno) donosnost, ki je v teoriji najpogosteje opisovana pomanjkljivost metode notranje donosnosti in le slabi dve tretjini popačenost rezultata zaradi neupostevanja časovne zapadlosti plačil pri metodi časa vračila sredstevTEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of SloveniaUniverza v Ljubljani, Fakulteta za strojništvo