scholarly journals Possibilistic Fuzzy Net Present Value Model and Application

2014 ◽  
Vol 2014 ◽  
pp. 1-11 ◽  
Author(s):  
S. S. Appadoo
Keyword(s):  
Net Present Value ◽  
Possibility Theory ◽  
Moment Generating Function ◽  
Unified Approach ◽  
Present Value ◽  
Present Value Model ◽  
Recent Developments ◽  
The Interest Rate ◽  
The Moment ◽  
Value Model

The cash flow values and the interest rate in the net present value (NPV) model are usually specified by either crisp numbers or random variables. In this paper, we first discuss some of the recent developments in possibility theory and find closed form expressions for fuzzy possibilistic net present value (FNPV). Then, following Carlsson and Fullér (2001), we discuss some of the possibilistic moments related to FNPV model along with an illustrative numerical example. We also give a unified approach to find higher order moments of FNPV by using the moment generating function introduced by Paseka et al. (2011).

Modernizing the net present value model

1989 ◽  
Vol 7 (1) ◽  
pp. 133-140
Author(s):  
J.Ralph Byington ◽  
Peter John Poznanski
Keyword(s):  
Net Present Value ◽  
Present Value ◽  
Present Value Model ◽  
Value Model

scholarly journals What is a “fair salary” for a surgical subspecialist?

2002 ◽  
Vol 12 (4) ◽  
pp. 1-5
Author(s):  
Richard N. W. Wohns
Keyword(s):  
Net Present Value ◽  
Family Physicians ◽  
Present Value ◽  
Present Value Model ◽  
Value Model

The author presents a net present value model by which a “fair salary” for surgical subspecialists is justified. Neurosurgical practitioners are used as an example, based on assumed fair salary for family physicians.

A look into German housing markets: A bubble call?

2018 ◽  
Vol 21 (4) ◽  
pp. 289-301
Author(s):  
Jan R. Kim ◽  
Gieyoung Lim
Keyword(s):  
Housing Market ◽  
House Prices ◽  
House Price ◽  
Housing Markets ◽  
Present Value ◽  
Present Value Model ◽  
Price Bubbles ◽  
Steep Rise ◽  
Value Model ◽  
German Housing Market

The steep rise in German house prices in recent years raises the question of whether a speculative bubble has already emerged. Using a modified present-value model, we estimate the size of speculative house price bubbles in the German housing market. We do not find evidence for positive bubble accumulation in recent years, and interpret the current bullish run as reflecting the correction of house prices that have been undervalued for more than 10 years. With house prices close to their fair values as of 2018:Q1, our answer to the question is, ‘Not yet, but it is likely soon’.

scholarly journals Break Risk

2020 ◽  
Author(s):  
Simon C Smith ◽  
Allan Timmermann
Keyword(s):  
Stock Returns ◽  
Cross Section ◽  
Prediction Models ◽  
Return Predictability ◽  
Present Value ◽  
New Approach ◽  
Present Value Model ◽  
Out Of Sample ◽  
Rate Processes ◽  
Value Model

Abstract We develop a new approach to modeling and predicting stock returns in the presence of breaks that simultaneously affect a large cross-section of stocks. Exploiting information in the cross-section enables us to detect breaks in return prediction models with little delay and to generate out-of-sample return forecasts that are significantly more accurate than those from existing approaches. To identify the economic sources of breaks, we explore the asset pricing restrictions implied by a present value model which links breaks in return predictability to breaks in the cash flow growth and discount rate processes.

Modeling Stock Prices without Knowing How to Induce Stationarity

1996 ◽  
Vol 12 (4) ◽  
pp. 739-740
Author(s):  
David N. Dejong ◽  
Charles H. Whiteman
Keyword(s):  
Stock Prices ◽  
Present Value ◽  
Posterior Odds ◽  
Knowing How ◽  
Present Value Model ◽  
Two Factors ◽  
Value Model

In “Modeling Stock Prices without Knowing How to Induce Stationarity” (1994, Econometric Theory 10, 701–719), we used posterior-odds calculations to evaluate restrictions imposed by a present-value model of stock prices across the equations of a VAR representation of stock prices and dividends. The results we reported are tainted by the omission of two factors: the Jacobians induced by the mapping of our priors over VAR parameters β into the restricted sample spaces relevant under hypotheses H2-H4 (hence, tainting our calculations of p(Hi|y,X) in (22) for i = 2–4), and an integrating constant needed in calculating the unrestricted probability p(Hi|y,X) in (22). Table 1 reports our revised calculations, which differ substantively from those reported previously.

The present value model and Thailand's current account balance

2012 ◽  
Vol 39 (3) ◽  
pp. 337-355 ◽  
Author(s):  
Ahmad Zubaidi Baharumshah ◽  
Hamizun Bin Ismail
Keyword(s):  
Current Account ◽  
Current Account Balance ◽  
Present Value ◽  
Present Value Model ◽  
Value Model

scholarly journals Economic analysis of sustainable management of candeia

CERNE ◽  
2010 ◽  
Vol 16 (3) ◽  
pp. 335-345 ◽  
Author(s):  
Antonio Donizette de Oliveira ◽  
Ivonise Silva Andrade Ribeiro ◽  
José Roberto Soares Scolforo ◽  
José Márcio de Mello ◽  
José Luiz Pereira de Rezende
Keyword(s):  
Forest Management ◽  
Economic Analysis ◽  
Sustainable Management ◽  
Net Present Value ◽  
Oil Production ◽  
Planning Horizon ◽  
Economic Feasibility ◽  
Present Value ◽  
Production Methods ◽  
The Interest Rate

Candeia wood (Eremanthus erythropappus) is widely used for production of essential oil and its active ingredient, alpha-bisabolol, is consumed by both the cosmetics and pharmaceutical industry. This study aimed to determine the productivity and operating costs associated with exploration, transportation and commercialization of candeia timber obtained from sustainable management systems and used for oil production; to determine the gross income or revenue obtained from the sale of candeia timber; to analyze the economic feasibility of sustainable management of candeia. For the economic analysis, Net Present Value, Net Present Value over an infinite planning horizon, and Average Cost of Production methods were used. Results indicated that the most significant costs associated with candeia forest management involve transportation and exploration. Together they account for 64% of the total management cost. Candeia forest management for oil production is economically feasible, even in situations where the interest rate is high or timber price drops to levels well below currently effective prices. As far as candeia forest management is concerned, shorter harvest cycles allow higher profitability. However, even in situations where the harvest cycle is relatively long (30 years), the activity is still economically feasible.

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