INVESTIGADORES
GUERCIO Maria Belen
artículos
Título:
Modified Net Final Value: Revisiting the Net Final Value in Uncertainty
Autor/es:
M.G, BARBERÀ MARINÉ; X., CÀMARA; A., FERNÁNDEZ; M. BELÉN GUERCIO
Revista:
The Journal of Financial Decision Making
Editorial:
Klidarithmos Publications
Referencias:
Lugar: Atenas; Año: 2009 vol. 5 p. 17 - 17
ISSN:
0214-8307
Resumen:
In the present work we propose a methodology for the calculation of the Modified Net Final Value in uncertainty. This methodology will allow us to analyze investment projects that present financial imbalances and require additional financing after the start-up. It supposes a variation of the method developed by Borràs et al. (2001), since it determines in every period the necessity of additional financing. The application of the method of the Modified Net Final Value implies, in some cases, the use of two different interest rates to compound the same triangular fuzzy number. The result of such compounding process is a nontriangular a fuzzy number. With the aim of providing a methodology of easy application, we triangulate this result, subject to the condition of maintaining the same insolvency risk.