کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
480916 | 1446148 | 2009 | 7 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Applying the maximum NPV rule with discounted/growth factors to a flexible production scale model Applying the maximum NPV rule with discounted/growth factors to a flexible production scale model](/preview/png/480916.png)
This study examines the maximum net present value of the market entry and exit thresholds derived by the traditional net present value method and combines the real options approach for the project investment or disinvestment. The discounted and growth factors are incorporated into the proposed entry and exit models, facilitating the complicated calculations required to identify the discounted and growth rates so as to assess and determine the expected present value of uncertain cash flow streams. Consequently, this investigation successfully combines applying the maximum net present value method and the real options approach to decision-making with the simple consideration of the discounted and growth factors in the flexible production scale model.
Journal: European Journal of Operational Research - Volume 196, Issue 2, 16 July 2009, Pages 628–634