Análise de investimentos: uma contribuição probabilística ao índice TMA/TIR da metodologia Multi-índice – Pág. 43 a 55

Análise de investimentos: uma contribuição probabilística ao índice TMA/TIR da metodologia Multi-índice – Pág. 43 a 55

Authors

  • Paulo Sergio Macuchen Nogas

Abstract

ABSTRACT
In the Multi-index Methodology (Souza; Clemente, 2008), for analysis of financial viability of investment
projects in real assets, one risk measure is the index obtained by dividing the Minimum Attractiveness
Rate (MAR) by the Internal Rate of Return (IRR). This article aims to analyze this risk indicator
as an element of decision support for investment in real assets. It was assumed that the IRR and MAR
are independently random variables and follow normal distributions with mean equals those obtained
in the analysis of the project. By using the software Crystal Ball 7 were hypothesized probability distributions
for the MAR and the IRR. Using the Monte Carlo Method was possible to quantify the risk that
the MAR be greater than the IRR after starting the project under different scenarios.
Keywords: Investment Analysis, Investment Decisions, Multi-index Methodology

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Published

2018-01-04

How to Cite

[1]
Macuchen Nogas, P.S. 2018. Análise de investimentos: uma contribuição probabilística ao índice TMA/TIR da metodologia Multi-índice – Pág. 43 a 55: Análise de investimentos: uma contribuição probabilística ao índice TMA/TIR da metodologia Multi-índice – Pág. 43 a 55. REVISTA IBEROAMERICANA DE CIENCIAS EMPRESARIALES Y ECONONOMÍA. 2, 2 (Jan. 2018).

Issue

Vol. 2 No. 2 (2011): REVISTA IBEROAMERICANA DE CIENCIAS EMPRESARIALES Y ECONONOMÍA AÑO 2 NÚMERO 2, 2011

Section

TRABAJOS ORIGINALES DE INVESTIGACIÓN