Open AccessInvesticinių projektų efektyvumo vertinimas grynosios dabartinės vertės metodu
Author(s) -
Vladislav Tomaševič
Publication year - 2010
Publication title -
verslas: teorija ir praktika
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.369
H-Index - 17
eISSN - 1822-4202
pISSN - 1648-0627
DOI - 10.3846/btp.2010.39
Subject(s) - net present value , mathematics , cash flow , forestry , statistics , geography , economics , accounting , production (economics) , macroeconomics
The paper examines one of the most widespread methods of evaluating effectiveness of investment projects – the net present value (NPV) method. The author presents main NPV characteristics and assumptions for calculation. The focus is on the analysis of specific cases of NPV calculation. The analysis forms the basis for the development of a consistent technique of objective evaluation of investment projects. The proposed NPV calculation technique is based on the assessment of the effect of three main variables on the final result. The variables include 1) net cash flow; 2) length of the period considered and the interval of analysis; and 3) discount rate