Francisco Hawas; Arturo Cifuentes

Valuation of Projects with Stochastic Cash Flows and Intertemporal Correlations: Practical Modeling Guidelines

“Valuation of Projects with Stochastic Cash Flows and Intertemporal Correlations: Practical Modeling Guidelines”, Francisco Hawas  and Arturo Cifuentes.  Journal of Construction Engineering and Management. Volume 140, Issue 6 (June 2014)
This paper explores the influence of cash-flow correlations on the behavior of the net present [...]

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VALUATION PROJECTS

Valuation of Projects with Minimum Revenue Guarantees: A Gaussian Copula-Based Simulation Approach

This article presents a numerical simulation technique to perform valuations of infrastructure projects with minimum revenue guarantees (MRG).  It is assumed that the project cash flows–in the absence of the MRG–can be described in a probabilistic fashion by means of a very general multivariate distribution function [...]

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