Concept

Valuation using discounted cash flows

Publications associées (107)

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Using data on international equity portfolio allocations by U.S. mutual funds, we estimate a portfolio expression derived from a standard mean-variance portfolio model extended with portfolio frictions. The optimal portfolio depends on the previous month a ...

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Counterculture as a Financial Asset: The Commodification of LX Factory in Lisbon

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In recent decades, European cultural policies have become inseparable from urban policies, with culture becoming both the new promotional tool for cities aiming to be ‘creative’ (Vanolo, 2008; Vivant, 2009) and the source of unprecedented real estate profi ...

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A Practical Influence Approximation for Privacy-Preserving Data Filtering in Federated Learning

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Federated Learning by nature is susceptible to low-quality, corrupted, or even malicious data that can severely degrade the quality of the learned model. Traditional techniques for data valuation cannot be applied as the data is never revealed. We present ...

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Online appendix to: Debt dynamics with fixed issuance costs

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We investigate equilibrium debt dynamics for a firm that cannot commit to a future debt policy and is subject to a fixed restructuring cost. We formally characterize equilibria when the firm is not required to repurchase outstanding debt prior to issuing a ...

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Incremental financial analysis of black liquor upgraded gasification in integrated kraft pulp and ammonia production plants under uncertainty of feedstock costs and carbon taxes

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In this work, the conventional scenario of the black liquor (BL) concentration and combustion is compared with the BL upgrading gasification process for ammonia production. The chemical processes synthesis, modeling and simulation are performed by using As ...

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Integrated Aerodynamic/Electrochemical Microsystem for Collection and Detection of Nanogram-level Airborne Bioaccessible Metals

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The soluble fraction of aerosol particulate matter containing trace metals has the potential to engender toxicity and exacerbate the adverse health effects of particulate matter. In this study, an inertial-impaction-based fluidic chip integrated with elect ...

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Technical and economic feasibility study of high-current HTS bus bars for fusion reactors

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In this study, we present a technical and economic assessment of high-current HTS bus bars for primary use in fusion reactors. Our objective is to verify the technical feasibility of such conductors and, for this purpose, we carry out a conceptual design o ...

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A conveyor belt experimental setup to study the internal dynamics of granular avalanches

Christophe Ancey, Tomás Alfredo Trewhela Palacios

This paper shows how a conveyor belt setup can be used to study the dynamics of stationary granular flows. To visualise the flow within the granular bulk and, in particular, determine its composition and the velocity field, we used the refractive index mat ...

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Planning Supply with 'Opportunity Goods' : Complementing Premium Parts with Select Discount Components

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In this paper, we introduce the notion of an "opportunity good" as a discount production input that may prove of satisfactory quality upon inspection and otherwise can be returned to the supplier. While in a quality-sensitive setting it is never optimal to ...

2020

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