Econometric Methods for Improvement in Investment Efficiency and Fixed Assets: A Microeconomic Approach

By:

The economic efficacy of a productive activity largely depends on the performance of equipment, on the technical-economical parameters the active fixed assets being used. It is certain that high levels of labour productivity can be reached only in enterprises that work with well-functioning equipment. Factories producing equipment continually improve their products, according to the general, technical and economical progress, and according to the progress of the society. In this paper we want to present two specific econometric methods, in order to increase the efficiency of investments in fixed assets. The first method is used to determine the optimum moment for acquisition of the equipments (when the expenditures exceed the incomes), and the second method help us to determine the proper type of equipment which must be acquired (according to different criteria).

Stream: Economic Sustainability

Paper: A paper has not yet been submitted.

I am 31 years old and since 2003 I am a lecturer at the Academy of Economic Studies from Bucharest, the most important university in Romania, in the economic area. A) Key qualifications: Economic and Social Efficiency, Investment Evaluation, Synergetic Economic Systems, New Products Development, Feasibility Studies, Investment Resources Optimization. B) Research scientific projects : “Micro and macrosystemic efficiency in Romanian higher education activity” Project supervisor: Claudiu CICEA PhD.; “Investments in knowledge’s management systems”, Project supervisor: Florica LUBAN PhD.; “Synergy of Technical and Economic Systems”, Project supervisor: Ion VASILESCU PhD.; “Promotion Management of the Economic Higher Education in Romania, in the context of Knowledge’s Society”, Project supervisor: Ion VASILESCU PhD. C) International Experience : Research stage in Efficiency Evaluation – September 2006 University of Southern Denmark from Odense, Denmark; Research stage in Efficiency Evaluation – September 2002, Economic University of Geneva, Swiss; Research stage in Synergetic Economic Systems – May 2002, University Carlos III, Madrid, Spain; Research stage in Simulated Firms – August 2001, Centro di Formazione Professionale “CITTA DEL RAGAZZO”, Instituto Don Calabria, Ferrara, Italy. D) Publications : Over 20 articles, presented at national and international symposiums, about economic and social efficiency, investments, synergetic systems etc.; 12 books (single author or collaboration) dealing with efficiency in the economic area, case studies etc.