Investment Decision Study Of A Project's Reconstruction For Sinopec Assets YZ Branch

When an enterprise invests, its main goal is to earn economic interest. After the environmental assessment and stability assessment, it is time for the project economic assessment. When The decision makers in the enterprise face the problems such as �Invest the projects or not?�, �How to invest, sole proprietorship or joint venture?�, �Which company's chemical process and equipment should we choose?�, scientific decision-making is important to an enterprise.Take the SINOPEC YZ subsidiary S factory A project reconstruction and extension project decision-making for example. The author mainly use case study, describing the petrochemical system by its mature technique Data. At the same time, define A project as a reconstruction and extension project, add some analysis and factors in the decision making process by fully analyze the merit and demerit of sole proprietorship or joint venture. By introducing the with or without comparison, not only counting the new construction benefits, but also counting the benefits on the whole factory level. Based on the analysis above, mainly use the technique data solely to find out the defect of the analysis. On the one hand, it is quantitative analysis, on the other hand, it is still qualitative analysis. We have not link these technical data, and make up a comprehensive conclusion. So, the author try to use technical proposal analysis, the whole life cycle cost analysis, systematic engineering analysis, combined with the grey relational decision making model and risk management theory, discuss the feasibility of project construction based on the factors such as the source of the raw material, the construction of market, the competitiveness of product, chemical process technology, along with studying project risk and risk blocking measure. Through comprehensive analysis the strength and weakness of sole proprietorship and joint venture, this article is targeted at come up with a scientific decision-making process and methods for the reconstruction and extension project, provide available reference for the similar project and put forward suggestions of improvement for decision-making management, there for is conducive to make the invest decision more scientific reasonable.