MAGAZINE  №5 (94) October 2019

AUTHORS PENZEV V.N.

CATEGORY   Warehouse logistics Logistic infrastructure

ABSTRACT

 The relevance of the considered the author of the theme is that during development of the project developer focuses on the optimization of financial indicators: Bank discount rate the interest cost on the value of the construction and subsequent delivery, such as for rent, but few says and examines optimizing space-planning decisions of the warehouse, engineering networks and constructions.
In this context, this article deals with the topic of the impact of the presence or absence of a mezzanine on the financial model of the project as a whole.

In the practice of designing and building modern warehouses building adopted Gables above the dokovymi zones (zones of loading and unloading). At the same time, never discusses how mezzanine affect: the cost of construction and financials.

Author, firstly, considers what mezzanines can be found in warehouses, secondly, on the example of one project is considering several options for the financial model of the project: mezzanine floor and without mezzanine:
1) Project budget:
- Purchase of land;
- Pre-project stage;
- Design stage;
- Construction costs;
- Costs for the Organization and management of the project;
- Reserve for unforeseen expenses.
2) Projected financial results of the project:
- Discount rate;
- Payback period-PB;
- Discounted payback period-the DPB;
- The average rate of return-ARR;
- Net income-cited NPV;
- Profitability index-PI;
- Internal rate of return-IRR;
- Modified internal rate of return-MIRR.
Research methodology is based on one project developer with the processing results by using AUTOCAD and the calculation of financial models using the Project Expert.
On the basis of the carried out researches the author makes the following findings:
1) Total construction cost of 1 sq.m. in stock without mezzanine is slightly higher. This can be explained by the fact that the relative cost, for example, the land remained the same as in option with a mezzanine, and reducing other costs not offset the decrease in the total area of the warehouse.
2) Despite the fact that the cost of construction of a warehouse without mezzanine is cheaper, but reducing the total area of the warehouse have not resulted in improved financial performance. Increased the payback period, though not significantly decreased net income shown in the reporting period.

 Electronic version

 Keywords:  warehouse warehouse logistics warehouse infrastructure mezzanine spaceplanning solutions storage system investments efficiency assessment efficiency improvement