Examinando por Materia "VALOR PRESENTE NETO"

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    Análisis de riesgos financieros del proyecto soluciones informáticas de Compugroup
    (2014-05-13) Villegas, Bedout, de, L. A. (Luis Arturo); Meza-Osorio, C. M. (Carlos Mauricio)
    This article aims at assessing the financial risks of the proposed company Compugroup from updating the financial study developed in 2006. To conduct such an assessment was made a deterministic and stochastic analysis using the program Crystal Ball, finding that the project is highly profitable but also its Net Present Value has a high deviation.
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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.
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    PublicaciónAcceso abierto
    Valoración de la concesión Ruta del Sol tramo I por Opciones Reales: una alternativa de valor para la evaluación financiera de las concesiones en Colombia
    (2014-05-14) Arango-Bueno, J. A. (Jaime Andrés); Vásquez-Barrera, M. (Mauricio)
    The following paper shows the valuation of “Ruta del Sol” highway concession -section 1- using discounted cash flow valuation and real options methodologies, taking into account the legal framework of government contracting, which regulates economic contributions according to the stages of construction, management and maintenance of the highway. The cash flow analysis takes into account the concession agreement which specifies each of the income and expense items provided and the way in which the licensee can appropriate state contributions to the extent of the executed work. The real options valuation shows how the option value is affected by the speed in which the licensee performs the construction phases in such a way that it turns out to be more favorable to execute the construction work faster. The paper finally shows the impacts on the value using real options methodology due to the fact that it permits the inclusion of concepts such as volatility and decision taking according to uncertainty. Therefore the option value changes against the value of discounted free cash flow valuation. Finally, the authors make conclusions and recommendations according to the obtained results.