Examinando por Materia "REAL OPTION"

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    PublicaciónAcceso abierto
    Aplicación de opciones reales en las telecomunicaciones: el caso de una red de banda ancha
    (2014-05-12) Cardona-Londoño, D. M. (Diana Maria); Herrera-Restrepo, R. A. (Rafael Alberto)
    Determining the financial viability to build a broadband network in a medium size Colombian city such as Armenia requires a financial model that can estimate the free cash flow for this project. However, calculating the net present value with such a model is not enough to determine the project viability. Therefore, the methodology of real options appears as an alternative that offers more flexibility in the valuation and takes into consideration the uncertainty that comes with these types of decisions where the strategies initially planned can be abandoned, reoriented or completely changed.
  • Miniatura
    PublicaciónAcceso abierto
    Valoración de un proyecto de inversión a través de opciones reales para una empresa colombiana del sector de telecomunicaciones
    (2014-05-12) Salazar-González, L. M. (Lina María)
    The traditional methods of discount as the net present value (NPV) not always express appropriately the flexibility of management of a determined investment project. Generally, the accomplishment of the future flows can be different from those were initially considered; when new information is obtained and the uncertainty on the future flows is solved, it is possible to review the strategy thought to carry it out. For that reason, in this work the basic theory of the real options and its application in the evaluation of investment strategies for a Colombian company of the telecommunications sector are exposed. It is insisted on the influence of the flexibility in the formation of strategies and the decision making, considering the impact of the uncertainty that surrounds the company and that could raise its value if it counted on more flexible structures.
  • Miniatura
    PublicaciónAcceso abierto
    Valoración por medio de opciones reales del proyecto Hidrosogamoso de la compañía ISAGEN
    (2014-05-14) Correa-Gutiérrez, R. I. (Rafael Ignacio); Martínez-Correa, F. S. (Felipe Santiago)
    Based on the theory of Real Options this paper evaluates the Isagen’s hydroelectric power station Project as it is configured as an investment, in theory, capable of being abandoned in one of five anual Project phases.