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INTRODUCING RISK MODELING IN CORPORATE FINANCE

机译:在企业财务中引入风险建模

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This paper aims to introduce a simulation modeling in the context of a simplified capital budgeting problem. It walks the reader from creating and running a simulation in a spreadsheet environment to interpreting simulation results to gain insight and understanding about the problem. The uncertainty lies primarily in the level of sales in the first year of the project and in the growth rate of sales thereafter, manufacturing cost as a percentage of sales, and the salvage value of fixed assets. The simulation is carried out within a spreadsheet environment using @Risk.
机译:本文旨在在简化的资本预算问题的背景下引入仿真模型。它使读者从在电子表格环境中创建和运行模拟到解释模拟结果来获得对问题的见解和理解。不确定性主要在于项目第一年的销售水平以及此后的销售增长率,制造成本占销售百分比以及固定资产的残值。模拟是在电子表格环境中使用@Risk进行的。

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