The main purpose of this paper is to propose a fuzzy approach for investment project valuation in uncertain environments from the aspect of real options. The traditional approaches to project valuation are based on discounted cash flows (DCF) analysis which provides measures like net present value (NPV) and internal rate of return (IRR). However, DCF-based approaches exhibit two major pitfalls....

The Resource-constrained Project Scheduling Problem (Rcpsp), in which a schedule must obey resource constraints and precedence constraints between pairs of activities, is one of the most studied scheduling problems. An important variation of this problem (RcpspDc) is to find a schedule which maximises the net present value (discounted cash flow). Large industrial applications can require thousa...

Improvement and expansion of the transmission grid is still an unresolved issue in the new competitive environment. In current electricity markets, transmission lines have become assets that need financial instruments for investors who wish to ensure steady long-term returns and to withstand short-term market volatility. The timing and the combination of new transmission investments is key to a...

We present a novel framework for the valuation of investments to mitigate catastrophic risk of climate impacted hazards. Our model incorporates the impact of uncertainty and continuous Bayesian information updating on investment decisions. We show that the model is relevant even when the time required to resolve uncertainty is indefinite. The model is applied to bushfire risk management in a lo...

Penelitian ini bertujuan untuk mengetahui analisis kelayakan finansial agroindustri Banua Cokelat. dilaksanakan pada bulan November 2020 sampai dengan Februari 2021. Penentuan responden dilakukan secara sengaja (purposive). Hasil UKM Cokelat di peroleh nilai Net Present Value (NPV) lebih besar dari nol, yaitu sebesar RP 653.767.394, Benefit Cost Ratio (Net B/C) satu 1.26, Internal Rate of Retur...

We examine project scheduling with net-present-value objective and exponential activity durations, using a continuous-time Markov decision chain. Based on a judicious partitioning of the state space, we achieve a significant performance improvement compared to the existing algorithms.

This article seeks to develop a richer understanding of the suitability of IP telephony in the Public Switched Telephony Network (PSTN) with an actual local exchange carrier (LEC)’s case and network simulation. We also performed a simple real options analysis to evaluate a telecommunications network. The underlying network and associated data were derived from our studies of an actual LEC. The ...

Decisions about life annuities are an important part of consumer decumulation of retirement assets, yet they are relatively underexplored by marketing researchers studying consumer financial decision making. In this article, the authors propose and estimate a model of individual preferences for life annuity attributes using a choice-based statedpreference survey. Annuities are presented in term...