Concept

Valuation using discounted cash flows

Related publications (107)

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The Stochastic Time-Constrained Net Present Value Problem

Daniel Kuhn, Wolfram Wiesemann

The successful management of capital-intensive development and engineering projects requires a careful timing of the involved cash in- and outflows. To this end, the project management literature proposes to schedule the project activities so as to maximiz ...

Springer International Publishing2015

Crowding, grouping, and gain control in schizophrenia

Michael Herzog, Maya Roinishvili

isual paradigms are versatile tools to investigate the pathophysiology of schizophrenia. Contextual modulation refers to a class of paradigms where a target is flanked by neighbouring elements, which either deteriorate or facilitate target perception. It i ...

Elsevier2015

Capital supply uncertainty, cash holdings, and investment

Semyon Malamud, Erwan Morellec, Julien Hugonnier

We develop a dynamic model of investment, financing, and cash management decisions in which investment is lumpy and firms face capital supply uncertainty. We characterize optimal policies explicitly, demonstrate that smooth-pasting conditions may not guara ...

2015

The effects of business cycle and debt maturity on a firm's investment and default decisions

Michi Nishihara

We propose a model that jointly determines the capital structure and investment decisions taking business cycle and debt maturity into account. It endogenously determines the triggers of investment/disinvestment and default, which depend on the state of th ...

Elsevier Science Bv2015

Valuation of a pumped-storage hydro-plant in a multiple markets framework

Nikolaos Iliadis

There has been an evolving electricity market structure starting from the spot market and its derivatives, to several other markets such as the Intraday Market, the Balancing Market and the Reserve Capacity Market. The participation in these markets has ch ...

EPFL2015

Head losses in sewer junction

Michael Pfister, Corrado Gisonni

The functionality of sewer networks is strongly affected by the correct operation of their appurtenances; the dendritic structure of urban drainage systems implies that junction manholes represent a crucial hydraulic structure, allowing two conduits mergin ...

2015

Translating innovation with information infrastructures: the case of TED as a valuation device

Gianluigi Viscusi, Heidi Christina Gautschi

This article aims to investigate the TED infrastructure for translating Science and Technology (S&T) projects (Callon, 1981, 1986; Law, 2006). The analysis uses the concepts of recognition (Honneth, 2012) and the public sphere as interpretative lenses for ...

2015

Head losses in junction manholes for free surface flows in circular conduits

Michael Pfister, Corrado Gisonni

Former studies on combining flows resulted in an efficient layout of sewer junctions operated under supercritical approach flow conditions. Straight extensions allowed a reduction in the shock wave heights generated by the merging flows, so that the global ...

Asce-Amer Soc Civil Engineers2014

Air concentration distribution in deflector-jets

Michael Pfister, Sebastian Schwindt

As an alternative to ski jumps, deflectors can be implemented on spillways to generate free jets. They guide, up to a certain limit, the jet to an achieved location onto the plunge pool surface, and furthermore enhance the process of jet disintegration. Th ...

The University of Queensland2014

On the (Non-)Equivalence of IRR and NPV

Thomas Alois Weber

The internal rate of return (IRR) is generally considered inferior to the net present value (NPV) as a tool for evaluating and ranking projects, despite its inherently useful comparability to the cost of capital and the return of other investment opportuni ...

2014