Model of investment analysis in an uncertain environment
Journal Title: Revista Romana de Statistica - Year 2016, Vol 64, Issue 8
Abstract
In this study, we have proposed to analyze the situation in which an investment project is developed within an uncertainty environment. In fact, no matter how many data we have available during an investment process, uncertain issues occur. An economic environment, deterministic, even if it assumes the anticipation of costs, risk elements can occur. The definition of risk itself, as uncertain element, leads to the setup of a model on whose basis all the variables should be identified, together with the correlation between those. There are cases when the economic environment is non-saturated from the monetary-financial viewpoint, and thus these moments must be identified, measured and controlled. On this topic, we have identified the indicators used for the substantiation of the investment decision in an uncertain environment. We shall define the concept of uncertain environment and the perspective of cash-flow and risks forecasts will be analyzed. We granted proper attention to the update rate of investment projects, subsequent to the occurrence of risky random variables. The study is completed with practical analysis models.
Authors and Affiliations
Constantin ANGHELACHE, Alexandru MANOLE, Andreea MARINESCU
Keywords
Related Articles
- EP ID EP123398
- DOI -
- Views 151
- Downloads 0
Theoretical Aspects Concerning the Use of the Markowitz Model in the Management of Financial Instruments Portfolios
Early attempts to develop a modern model for the assessment of performance of portfolios of instruments belong to American teacher Harry Markowitz. He has abandoned the classical approach of the analysis of financial inv...
Economic and social evolution of Romania during the recent period –multidimensional analysis
This paper describes the main evolutions of the Romanian economy during the recent period. The authors provide key analyses on the dynamics recorded by the main macroeconomic indicators, and also for sector – level evolu...
Consideraţii privind evoluţia numărului de pensionari şi a pensiilor
Acest articol descrie evoluţia pensionarilor şi a pensiilor în România. Acest segment al populaţiei şi veniturile lor reprezintă o situaţie particulară a sistemului demo-economic national. Autorii se preocupă de evoluţia...
Romania in the Globalization Context
Due to the precarious situation of the Romanian economy, it is requested to identify the weak and the strong points in order to get integrated within the global economy structures. The Romanian banking system has been af...
Selecţia entităţilor – o abordare business intelligence
Acest articol prezintă un model de selecţie a entităţilor în cadrul portofoliului. Am avut în vedere oportunităţile de investiţii ale pieţei de capital. In primul rând, ne concentrăm pe aspectele teoretice care indică re...