METHODOLOGY FOR CALCULATING ROI TO ASSESS THE EFFECTIVENESS OF IMPLEMENTING DIGITAL SOLUTIONS IN PRODUCTION SYSTEMS TAKING INTO ACCOUNT OPERATING AND CAPITAL EXPENDITURES
Abstract
This article examines the methodology for calculating Return on Investment in relation to digital solutions in production systems, taking into account both capital and operating expenditures. The specifics of the structure of costs and benefits of digital projects are studied, including direct and indirect effects, as well as the temporal dynamics of their manifestation. The necessity of modifying the classical approach through the use of discounted indicators and integration with other investment analysis tools, such as Net Present Value, Internal Rate of Return, and Payback Period, is analyzed. Based on practical implementation examples, the applied significance of the methodology is demonstrated and the main drivers of the economic effect of digitalization are identified. Particular attention is paid to the limitations associated with the quality of initial data, the choice of discount rate, and the difficulties of accounting for intangible factors.
JEL: O33, M15, E22
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DOI: http://dx.doi.org/10.46827/ejefr.v9i5.2061
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