PROBABILISTIC ANALYSIS OF RISKS IN THE HORIZONTAL INTEGRATION OF THE GOLD MINING COMPANIES
Journal Title: Научно-практический журнал "Проблемы анализа риска" - Year 2016, Vol 13, Issue 5
Abstract
Modern vector of development of small and medium businesses in the gold mining industry is determined by the formation of new economic structures, including through the implementation of horizontal integration of enterprises, that allows to expand the opportunities for mining companies. When restructuring is very important take into account factors of uncertainty and control the level of risk. In the article the methodical approach to determining risk tolerance horizontally-integrated gold mining enterprise. It has been established that it is influenced by various internal and external factors in the process of creating value, the cash flows of the integrated enterprise, a change which must be taken into account, adjusted for appropriate risk. Assessment of occurrence of certain events in the enterprise is established in the quantitative determination of the amount of net present value (NPV) based on a probability deviation indicators such as capital costs, operating costs and gold prices. The results obtained in the study are to establish the relationship between indicators of net present value, taking into account the probability of deviations of economic indicators and the level of risk the functioning of horizontally integrated gold mining company.
Authors and Affiliations
I. A. Kradenyh
Keywords
Related Articles
- EP ID EP621956
- DOI 10.32686/1812-5220-2016-13-5-82-91
- Views 142
- Downloads 0
PROBABILISTIC ANALYSIS OF RISKS IN THE HORIZONTAL INTEGRATION OF THE GOLD MINING COMPANIES
Modern vector of development of small and medium businesses in the gold mining industry is determined by the formation of new economic structures, including through the implementation of horizontal integration of enterpr...
ROLE OF LANDSCAPEESTIMATED MAPS IN THE REGIONAL ANALYSIS OF ENVIRONMENTAL RISKS
Possibilities of using landscape-estimated mapping for the analysis of environmental risks are shown. The main approaches to drawing up landscape-estimated maps and regional features of landscape-estimated mapping are co...
Application of geodynamic and geoinformation monitoring technologies for assessment of hazards and risks
The article speaks about the contribution of Professor M. M. Mashimov, who on November 24 2015 celebrated grantelk 85th anniversary of the birth, in the solution of scientific and technical problems in geodesy and geodyn...
Improving the sustainability of the operation of critical facilities under the influence of modern means of destruction: the future tasks of civil defense
An approach to improve the sustainability of critical facilities under the influence of modern means of destruction. The calculations for the effectiveness of the implementation of this approach. The role of civil defens...
PRACTICABILITY OF BINOMIAL APPROACH IMPLEMENTATION WITHIN METHOD OF REAL OPTION VALUATION
The subject of current research is implication of real option valuation method (ROV) & its usefulness within project evaluation. The attention is paid to investment projects with high level of risk & uncertainty. Compari...