Investment planning of measures for rehabilitation of industrial residential buildings in Berlin based on simulation models

Introduction. The article examines the German experience of the investment policy of rehabilitation of industrial panel residential buildings. Based on scientific research, the Senate of Berlin decided on the need for rehabilitation of panel housing of the city. German scientists developed an investment policy for supporting the programme of panel housing rehabilitation. Special attention was paid to investment planning and analysis of investments in the programme. Materials and methods. Investment planning of measures for rehabilitation of industrial residential buildings in Berlin carried out from 1990 to 2000 was analysed in the course of the study. The classification of investment payback procedure was investigated. The profitability of investment projects is determined by well-known methods of investment accounting: static and dynamic ones. The German concept of integrated investment analysis system through SIB simulation model programmes is studied. Results. The SIB simulation model is a part of the general investment analysis system. The selection criteria identified in the model should promote investment analysis and facilitate the search for solutions. The OSIM programme performs the actual simulation of solvency and investment accounts. The SOSIM programme specifies the data to control the OSIM simulation programme. Control data are entered and stored in the SAUS programme. The programmes aim at their systematic application to make the considered investments transparent and explainable. Conclusions. The profitability of the rehabilitation programme was determined using well-known methods of investment simulation. When rehabilitating the panel houses, the following parameters were obtained: restoration of physical and moral deterioration of the housing stock, reduction of operating costs, providing people living quality, criteria of demand for housing services and acceptable rent cost, satisfaction of tenants in terms of price-to-quality relation, location and social facilities, employment opportunities, identifying demand for affordable housing. The positive results of the applying investment modeling methods can be used to calculate the profitability of budget investments in the state programme of renovation in Moscow.