Management of economic and financial risk of investments in assets for extraction of non-metallic mineral extracts.
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| Title: | Management of economic and financial risk of investments in assets for extraction of non-metallic mineral extracts. |
|---|---|
| Alternate Title: | Gestión del riesgo económico-financiero de inversiones en activos para extracción de minerales no metálicos. |
| Authors: | Martinez Martinez, Izabelle1 martinez.izabelle@outlook.com, Cristina Batistela, Gislaine1 gislaine.batistela@unesp.br, Simões, Danilo1 danilo.simoes@unesp.br |
| Source: | INGENIARE - Revista Chilena de Ingeniería. Oct-Dec2021, Vol. 29 Issue 4, p691-699. 9p. |
| Subjects: | Financial risk management, Monte Carlo method, Stochastic control theory, Net present value, Distribution (Probability theory), Discounted cash flow, Risk assessment, Uncertainty |
| Abstract (English): | The investment projects evaluation in real assets is essential for decision making; however, undoubtedly, it is a process whose components have interdependent relationships, which generate uncertainties that can lead to the wrong acceptance or rejection of the investment. This study aimed to apply the Monte Carlo simulation to the risk incorporation into the economic and financial evaluation of an investment project in mineral assets under conditions of uncertainties, with a view to the obtained returns measurement. Thus, the evaluation was based on the projection of discounted cash flow, which allowed the adoption of methods commonly used to evaluate real assets that consider the time value of the money. The economicfinancial risk incorporation was performed using a stochastic and dynamic mathematical model, and the Monte Carlo method was used to generate values from probability distributions. The results showed that the investment project in mineral assets is economically feasible by adding value to investors. [ABSTRACT FROM AUTHOR] |
| Abstract (Spanish): | La evaluación de proyectos de inversión en activos reales es imprescindible para la toma de decisiones, sin embargo, indudablemente, es un proceso cuyos componentes poseen relaciones de interdependencia, las cuales generan incertidumbres que pueden conducir a la aceptación o rechazo equivocado de la inversión. De este modo, se pretendía aplicar la simulación de Monte Carlo para la incorporación del riesgo a la evaluación económico-financiera de un proyecto de inversiones en activos minerales bajo condiciones de incertidumbre, con miras a la medición de las franjas de valores de los retornos obtenidos. Así, la evaluación fue pautada en la proyección del flujo de caja descontado, que permitió adoptar métodos comúnmente utilizados para la evaluación de activos reales que consideran el valor del dinero a lo largo del tiempo. La incorporación del riesgo económico-financiero, fue realizada por medio de un modelo matemático estocástico y dinámico, ejecutándose el método de Monte Carlo para la generación de valores a partir de distribuciones de probabilidades. Los resultados demostraron que el proyecto de inversiones en activos minerales es viable económicamente por agregar valor a los inversores. [ABSTRACT FROM AUTHOR] |
| Copyright of INGENIARE - Revista Chilena de Ingeniería is the property of Universidad de Tarapaca and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
| FullText | Links: – Type: pdflink Text: Availability: 0 |
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| Header | DbId: egs DbLabel: Engineering Source An: 154918882 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Management of economic and financial risk of investments in assets for extraction of non-metallic mineral extracts. – Name: TitleAlt Label: Alternate Title Group: TiAlt Data: Gestión del riesgo económico-financiero de inversiones en activos para extracción de minerales no metálicos. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Martinez+Martinez%2C+Izabelle%22">Martinez Martinez, Izabelle</searchLink><relatesTo>1</relatesTo><i> martinez.izabelle@outlook.com</i><br /><searchLink fieldCode="AR" term="%22Cristina+Batistela%2C+Gislaine%22">Cristina Batistela, Gislaine</searchLink><relatesTo>1</relatesTo><i> gislaine.batistela@unesp.br</i><br /><searchLink fieldCode="AR" term="%22Simões%2C+Danilo%22">Simões, Danilo</searchLink><relatesTo>1</relatesTo><i> danilo.simoes@unesp.br</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22INGENIARE+-+Revista+Chilena+de+Ingeniería%22">INGENIARE - Revista Chilena de Ingeniería</searchLink>. Oct-Dec2021, Vol. 29 Issue 4, p691-699. 9p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Financial+risk+management%22">Financial risk management</searchLink><br /><searchLink fieldCode="DE" term="%22Monte+Carlo+method%22">Monte Carlo method</searchLink><br /><searchLink fieldCode="DE" term="%22Stochastic+control+theory%22">Stochastic control theory</searchLink><br /><searchLink fieldCode="DE" term="%22Net+present+value%22">Net present value</searchLink><br /><searchLink fieldCode="DE" term="%22Distribution+%28Probability+theory%29%22">Distribution (Probability theory)</searchLink><br /><searchLink fieldCode="DE" term="%22Discounted+cash+flow%22">Discounted cash flow</searchLink><br /><searchLink fieldCode="DE" term="%22Risk+assessment%22">Risk assessment</searchLink><br /><searchLink fieldCode="DE" term="%22Uncertainty%22">Uncertainty</searchLink> – Name: Abstract Label: Abstract (English) Group: Ab Data: The investment projects evaluation in real assets is essential for decision making; however, undoubtedly, it is a process whose components have interdependent relationships, which generate uncertainties that can lead to the wrong acceptance or rejection of the investment. This study aimed to apply the Monte Carlo simulation to the risk incorporation into the economic and financial evaluation of an investment project in mineral assets under conditions of uncertainties, with a view to the obtained returns measurement. Thus, the evaluation was based on the projection of discounted cash flow, which allowed the adoption of methods commonly used to evaluate real assets that consider the time value of the money. The economicfinancial risk incorporation was performed using a stochastic and dynamic mathematical model, and the Monte Carlo method was used to generate values from probability distributions. The results showed that the investment project in mineral assets is economically feasible by adding value to investors. [ABSTRACT FROM AUTHOR] – Name: Abstract Label: Abstract (Spanish) Group: Ab Data: La evaluación de proyectos de inversión en activos reales es imprescindible para la toma de decisiones, sin embargo, indudablemente, es un proceso cuyos componentes poseen relaciones de interdependencia, las cuales generan incertidumbres que pueden conducir a la aceptación o rechazo equivocado de la inversión. De este modo, se pretendía aplicar la simulación de Monte Carlo para la incorporación del riesgo a la evaluación económico-financiera de un proyecto de inversiones en activos minerales bajo condiciones de incertidumbre, con miras a la medición de las franjas de valores de los retornos obtenidos. Así, la evaluación fue pautada en la proyección del flujo de caja descontado, que permitió adoptar métodos comúnmente utilizados para la evaluación de activos reales que consideran el valor del dinero a lo largo del tiempo. La incorporación del riesgo económico-financiero, fue realizada por medio de un modelo matemático estocástico y dinámico, ejecutándose el método de Monte Carlo para la generación de valores a partir de distribuciones de probabilidades. Los resultados demostraron que el proyecto de inversiones en activos minerales es viable económicamente por agregar valor a los inversores. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of INGENIARE - Revista Chilena de Ingeniería is the property of Universidad de Tarapaca and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=154918882 |
| RecordInfo | BibRecord: BibEntity: Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 9 StartPage: 691 Subjects: – SubjectFull: Financial risk management Type: general – SubjectFull: Monte Carlo method Type: general – SubjectFull: Stochastic control theory Type: general – SubjectFull: Net present value Type: general – SubjectFull: Distribution (Probability theory) Type: general – SubjectFull: Discounted cash flow Type: general – SubjectFull: Risk assessment Type: general – SubjectFull: Uncertainty Type: general Titles: – TitleFull: Management of economic and financial risk of investments in assets for extraction of non-metallic mineral extracts. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Martinez Martinez, Izabelle – PersonEntity: Name: NameFull: Cristina Batistela, Gislaine – PersonEntity: Name: NameFull: Simões, Danilo IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 10 Text: Oct-Dec2021 Type: published Y: 2021 Identifiers: – Type: issn-print Value: 07183291 Numbering: – Type: volume Value: 29 – Type: issue Value: 4 Titles: – TitleFull: INGENIARE - Revista Chilena de Ingeniería Type: main |
| ResultId | 1 |
