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
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