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 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).

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 Yield and Economic Return Estimates for Eight Blueberry Cultivars Grown in Kentucky

HortScience ◽  
2000 ◽  
Vol 35 (4) ◽  
pp. 556E-556d
Author(s):  
Tim Woods ◽  
Dwight Wolfe ◽  
Gerald R. Brown
Keyword(s):  
Fruit Ripening ◽  
Net Present Value ◽  
The Other ◽  
First Year ◽  
Yield Data ◽  
Market Prices ◽  
Present Value Model ◽  
Growing Conditions ◽  
Research And Education ◽  
Value Model

Yield data from a highbush blueberry planting established in 1993 at the Univ. of Kentucky Research and Education Center, Princeton, Ky., was collected over a 5-year period for eight cultivars. The economic impact of yield of each cultivar was calculated for each cultivar using a net present value model based on prevailing market prices and costs of production. These returns were compared across cultivars and an assessment of the economic potential for Kentucky growing conditions was considered. `Duke' and `Sierra' produced the most fruit over the 5-year period of this study. `Duke' was also the earliest ripening cultivar in the planting, with 14.3% of `Duke's fruit ripening during the first week of June. Sunrise also ripened early, with 7.7% of its fruit ripening during the first week of June. Picking for the other cultivars (`Sierra', `Bluecrop', `Blue Gold', `Toro', `Nelson', and `Patriot'), began during the second week of June and was finished for all cultivars by the end of the fourth week of June. An exception was `Nelson', which was picked through the first week of July. Despite relatively low yields observed in the first year of production, `Duke' had the highest net present values for the assumed 12-year life of the planting. The ranking of the other seven cultivars from highest to lowest in terms of their respective net present values was: `Sierra', `Blue Gold', `Bluecrop', `Toro', `Nelson', `Sunrise', and `Patriot'.

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