¨ ?
¨ D1 D2 D3?
.
400
200
10 20 30 40 50 60 70 80 .
:
I) , (- => )
II) . - (.). , . , . . 1 2, 3
. . :
¨ . .
¨ , , .
¨ , .
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:
I) ABLm- .
II) Lm ( MRCl=MRPl). , . Sl , Wm.
III) Lck, a Wck. (,, ). Wck>Wm u Lck>Lm, .
.
. :
¨ . , WTU ( WtuOC )
¨ (Ltu), (Wtu), .
¨ , .
L0>Ltu, W0<Wtu
,
1. 150 . , 2 10% .
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2. . 16%. 19%. , ?
1) PDV = TRn/(1+i)^n
PDV = 150 000 / (1+0.1)^2 = 123 966,94- . .
NPV = 1.21 1.19 = 0.02 > 0
.
.
(MP) (L) () . . 3 ., 10 .
- | MPL | MRPL (.) | TPl( 1 , ) | - | MPK | MRPK (.) | TPk |
14,5 | |||||||
13,0 | |||||||
11,5 | |||||||
10,0 | |||||||
2,5 | 8,5 | ||||||
7,0 | |||||||
5,5 |
, ? , .
:
, , MRPL / PL = MRPK / PK = 1, , . , 4 4 : 3 / 3 = 10 / 10.
( , TR1, TR2)
242 .., 2 10%
. 18%. 20%.
?
:
PDV= TRn/(1+i)^n
PDV= 242 000 / (1+0.2)^2 = 200 000 .
NPV = 1,2 1,18=0,02 >0
, , .. .
2.
1000$ 3. : 1- 300$, 2-1000$,3-400$. = 10%.
.
:
i=10%, DV1=300$, DV2=1000$,DV3=400$ NPV-?
NPV=PDVnp-I,
NPV=TR1/(1+0,1)^1+TR2/(1+0,1)^2+TR3/(1+0,1)^3-1000$
NPV=399.7, >0
3.
1000$. 600$ . 10%
.
:
TR1-600$,TR2-600$,TR3-600$, i-10%, I=1000$
NPV=PDVnp-I=(PDV1+PDV2+PDV3)-I=(TR1/(1+i)^1 +TR2/(1+i)^2 +TR3/(1+i)^3) I = 492,1, >0