20.500.12556/DKUM-67162 The importance of using discounted cash flow methodology in techno-economic analyses of energy and chemical production plants This paper demonstrates the correct application of discounted cash flow methodology for evaluating and designing energy and chemical production plants. Such processes usually correspond to capital intensive long-term projects. Simple economic criteria, like the profit or production cost are insufficient for this type of decision making because they do not take into account the time value of money and underestimate the profitabilities of the evaluated plants. This paper shows that some of those criteria based on the discounted cash flows establish suitable compromises between long-term cash flow generation and profitability. As several alternative options are usually evaluated in parallel, it is shown how to rank mutually exclusive alternatives properly and how to select the best option from among them. Two large-scale case studies demonstrate that using discounted cash flow methodology can result in substantially different decisions than non-discounted criteria, however, these decisions are affected by several input parameters. discounted cash flow analysis time value of money net preset value profitability process analize diskontirani denarni tok denar dobičkonosnost profitabilnost procesi časovna vrednost denarja neto sedanja vrednost proces true false true Angleški jezik Slovenski jezik Znanstveno delo 2017-08-04 09:47:14 2017-08-04 09:47:57 2022-08-01 13:37:25 2019-07-11 16:11:04 2017 0 0 str. 163-176 št. 2 Letn. 5 2017 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 1848-9257 66.02 77287937 20329750 10.13044/j.sdewes.d5.0140 1848-9257 URN:SI:UM:DK:S00MBKMT Journal_of_Sustainable_Development_of_Energy,_Water_and_Environment_Systems_2017_Novak_Pintaric,_Kravanja_The_Importance_of_using.pdf Journal_of_Sustainable_Development_of_Energy,_Water_and_Environment_Systems_2017_Novak_Pintaric,_Kravanja_The_Importance_of_using.pdf 1 1B2DD3F6EF4E9A4E03C3DFE7F5CFD81A a7a7ad22b03ba8d0388701c21ee22dd533864cf474d4be2b92de3e6ef977f58b 7a8f1e28-7c0e-11eb-bb7a-00155d0001ca 20.500.12556/dkum/cfe353a6-b389-4210-8a11-493e24fc70db https://dk.um.si/Dokument.php?lang=slv&id=114846 http://www.sdewes.org/jsdewes/pid5.0140 1 https://dk.um.si/Dokument.php?lang=slv&id=114845 Fakulteta za kemijo in kemijsko tehnologijo 0 0 0