Mostrar el registro sencillo del ítem
dc.contributor.author
Milanesi, Gastón
dc.contributor.author
Broz, Diego Ricardo
dc.contributor.author
Tohmé, Fernando Abel
dc.contributor.author
Rossit, Daniel Alejandro
dc.date.available
2017-12-06T18:54:32Z
dc.date.issued
2014-05
dc.identifier.citation
Milanesi, Gastón; Broz, Diego Ricardo; Tohmé, Fernando Abel; Rossit, Daniel Alejandro; Strategic analysis of forest investments using real option the fuzzy pay-off model (FPOM); Fundació per a l'Estudi de la Gestió en la Incertesa; Fuzzy Economic Review; 19; 1; 5-2014; 33-44
dc.identifier.issn
1136-0593
dc.identifier.uri
http://hdl.handle.net/11336/29862
dc.description.abstract
This paper introduces a fuzzy forestry investment decision-making tool based. It will be applied to choose optimal levels of investment when three possible scenarios are conceived, a base case and two extreme alternatives: optimistic and pessimistic. Decision-makers can be seen as being either owners of a forest or investors. For each of these roles the possibility degrees of the scenarios may be represented by means of fuzzy numbers, representing ambiguous net present values (NPV). Real option values (ROV) are then computed based on them. The application to a potential forestry project in Argentina shows that, while in the case of an owner of forestry project the expected benefits are both positive under NPV and ROV, an investor would discard the project if she assumes equal weights for the scenarios in a traditional analysis but would accept it under the fuzzy approach.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Fundació per a l'Estudi de la Gestió en la Incertesa
dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
Fuzzy Number
dc.subject
Npv (Net Present Value)
dc.subject
Rov (Real Option Value)
dc.subject.classification
Economía, Econometría
dc.subject.classification
Economía y Negocios
dc.subject.classification
CIENCIAS SOCIALES
dc.title
Strategic analysis of forest investments using real option the fuzzy pay-off model (FPOM)
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2017-12-05T18:04:36Z
dc.identifier.eissn
2445-4192
dc.journal.volume
19
dc.journal.number
1
dc.journal.pagination
33-44
dc.journal.pais
España
dc.description.fil
Fil: Milanesi, Gastón. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina
dc.description.fil
Fil: Broz, Diego Ricardo. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
dc.description.fil
Fil: Tohmé, Fernando Abel. Universidad Nacional del Sur. Departamento de Economía; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
dc.description.fil
Fil: Rossit, Daniel Alejandro. Universidad Nacional del Sur. Departamento de Ingeniería; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
dc.journal.title
Fuzzy Economic Review
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/http://www.sigef.net/2014-09-26-07-16-23/summaries-and-abstracts/item/543-strategic-analysis-of-forest-investments-using-real-option-the-fuzzy-pay-off-model-fpom
Archivos asociados