.


:




:

































 

 

 

 





ᒺ (, ) .

Ͳ ( United Industrial Development Organization) - (COMFAR Computer model for feasibility analysis and reporting). .

PROSPIN (Project Profile Screening and Preappraisal information system), . ³ , , .

PROJECT EXPERT, , , . 40 ( , ). ³ 5- , . 71 , 11 .

Ͳ :

1) NPV (net present value);

:

(3.8)

n () ;

k (1, 2, 3..., n);

Pk ( ) k - ;

i , .;

I ( ).

:

(3.9)

(3.10)

m ;

j (1, 2, 3..., m);

Ij j - ;

π () .

NPV > 0, , () , .

NPV < 0, .

NPV = 0, , .

 

 

2) () PI (profitability index);

:

(3.11)

:

(3.12)

(3.13)

PI > 1, .

PI < 1, .

PI = 1, , .

3) () IRR (internal rate of return);

. , NPV = 0, () , .

IRR (Cost of Capital - CC), .

IRR ( ) :

(3.14)

IRR :

(3.15)

IRR . , IRR , . IRR , ( ), , NPV = 0. , NPV ( ) NPV 1 (+), 䒺 NPV 2 (). :

(3.16)

i 1 , NPV 1 > 0;

i 2 , NPV 2 < 0.

(i 1; i 2). , (1%).

IRR > CC, .

IRR < CC, .

IRR = CC, , .

4) () PP (payback period method), , , .

, , .

2 :

) () :

(3.17)

I ;

Pk () ;

) () .

(DPP) , (), , :

(3.18)

:

(3.19)

, .

( ) :

(3.20)

( p ):

(3.21)

:

(3.22)

, - , , .

.

PP , , , . , , . , , , .

, , .

5) , ARR (accounting rate of return).

(return on investment).

() ARR () .

ARR :

(3.23)

n ;

k (1, 2, 3..., n);

Pk ( ) k - ;

I ( ).

, , ( - ).

ARR:

- ;

- , ;

- , , .

 





:


: 2017-04-15; !; : 328 |


:

:

, , 1:10
==> ...

2053 - | 1945 -


© 2015-2024 lektsii.org - -

: 0.019 .