Opciones reales y su aplicación en la valoración de proyectos TI.
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| Title: | Opciones reales y su aplicación en la valoración de proyectos TI. |
|---|---|
| Alternate Title: | Real options and its application in IT project valuation. |
| Authors: | Araya, Nahur M. Meléndez1 nahur.melendez@uda.cl, Castillo, Nahur J. Meléndez nmelendez@mconsultores.cl |
| Source: | INGENIARE - Revista Chilena de Ingeniería. 2025, Vol. 33, p1-8. 8p. |
| Subjects: | Real options (Finance), Valuation, Investment analysis, Net present value, Decision making in investments, Investment risk, Valuation of investments |
| Abstract (English): | The environments in which investment IT projects are developed are often characterized by significant uncertainty. Throughout the investment period, various microeconomic and macroeconomic variables --such as inflation, interest rates, and gross domestic product-- are subject to change. In this context, real options become a crucial and complementary tool for the financial evaluation of investment IT projects. Unlike traditional Net Present Value (NPV) calculations, which may not fully capture the strategic flexibility of investments, real options provide a more nuanced view of when decisions should be made by incorporating the value of managerial decisions and future opportunities. In this context, this study presents an overview of realistic options and their use in the valuation of IT investment projects. Through real options analysis, it is possible to identify and assess opportunities that might otherwise be overlooked or rejected when using conventional evaluation techniques. This approach allows for a more strategic and adaptable investment analysis, potentially leading to more efficient and informed investment decisions in uncertain and dynamic business environments. [ABSTRACT FROM AUTHOR] |
| Abstract (Spanish): | Los entornos en los que se desarrollan los proyectos de inversión TI son bastantes inciertos debido a que durante el período en el que se lleva a cabo la inversión se presentan modificaciones tanto de las variables microeconómicas como de las macroeconómicas, como son los casos de la inflación, las tasas de interés y el producto interno bruto, entre otros. Las opciones reales se convierten en una herramienta fundamental y complementaria a la hora de evaluar financieramente los proyectos de inversión TI al aportar al cálculo del VPN valores del mundo real, lo cual otorga una visión más estratégica sobre el momento en el que se deben tomar las decisiones. En este contexto el presente trabajo presenta una recopilación sobre la temática de opciones reales y su utilización en la valorización de proyectos de inversión TI. El análisis de las opciones reales permite considerar inversiones que inicialmente serian rechazadas si fueran valuadas bajo las técnicas tradicionales de evaluación, por lo que la aplicación de esta herramienta será de valiosa aplicación para fomentar inversiones más eficientes. [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: 192475905 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Opciones reales y su aplicación en la valoración de proyectos TI. – Name: TitleAlt Label: Alternate Title Group: TiAlt Data: Real options and its application in IT project valuation. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Araya%2C+Nahur+M%2E+Meléndez%22">Araya, Nahur M. Meléndez</searchLink><relatesTo>1</relatesTo><i> nahur.melendez@uda.cl</i><br /><searchLink fieldCode="AR" term="%22Castillo%2C+Nahur+J%2E+Meléndez%22">Castillo, Nahur J. Meléndez</searchLink><i> nmelendez@mconsultores.cl</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22INGENIARE+-+Revista+Chilena+de+Ingeniería%22">INGENIARE - Revista Chilena de Ingeniería</searchLink>. 2025, Vol. 33, p1-8. 8p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Real+options+%28Finance%29%22">Real options (Finance)</searchLink><br /><searchLink fieldCode="DE" term="%22Valuation%22">Valuation</searchLink><br /><searchLink fieldCode="DE" term="%22Investment+analysis%22">Investment analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Net+present+value%22">Net present value</searchLink><br /><searchLink fieldCode="DE" term="%22Decision+making+in+investments%22">Decision making in investments</searchLink><br /><searchLink fieldCode="DE" term="%22Investment+risk%22">Investment risk</searchLink><br /><searchLink fieldCode="DE" term="%22Valuation+of+investments%22">Valuation of investments</searchLink> – Name: Abstract Label: Abstract (English) Group: Ab Data: The environments in which investment IT projects are developed are often characterized by significant uncertainty. Throughout the investment period, various microeconomic and macroeconomic variables --such as inflation, interest rates, and gross domestic product-- are subject to change. In this context, real options become a crucial and complementary tool for the financial evaluation of investment IT projects. Unlike traditional Net Present Value (NPV) calculations, which may not fully capture the strategic flexibility of investments, real options provide a more nuanced view of when decisions should be made by incorporating the value of managerial decisions and future opportunities. In this context, this study presents an overview of realistic options and their use in the valuation of IT investment projects. Through real options analysis, it is possible to identify and assess opportunities that might otherwise be overlooked or rejected when using conventional evaluation techniques. This approach allows for a more strategic and adaptable investment analysis, potentially leading to more efficient and informed investment decisions in uncertain and dynamic business environments. [ABSTRACT FROM AUTHOR] – Name: Abstract Label: Abstract (Spanish) Group: Ab Data: Los entornos en los que se desarrollan los proyectos de inversión TI son bastantes inciertos debido a que durante el período en el que se lleva a cabo la inversión se presentan modificaciones tanto de las variables microeconómicas como de las macroeconómicas, como son los casos de la inflación, las tasas de interés y el producto interno bruto, entre otros. Las opciones reales se convierten en una herramienta fundamental y complementaria a la hora de evaluar financieramente los proyectos de inversión TI al aportar al cálculo del VPN valores del mundo real, lo cual otorga una visión más estratégica sobre el momento en el que se deben tomar las decisiones. En este contexto el presente trabajo presenta una recopilación sobre la temática de opciones reales y su utilización en la valorización de proyectos de inversión TI. El análisis de las opciones reales permite considerar inversiones que inicialmente serian rechazadas si fueran valuadas bajo las técnicas tradicionales de evaluación, por lo que la aplicación de esta herramienta será de valiosa aplicación para fomentar inversiones más eficientes. [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=192475905 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.64966/ingeniare.v33.11 Languages: – Code: spa Text: Spanish PhysicalDescription: Pagination: PageCount: 8 StartPage: 1 Subjects: – SubjectFull: Real options (Finance) Type: general – SubjectFull: Valuation Type: general – SubjectFull: Investment analysis Type: general – SubjectFull: Net present value Type: general – SubjectFull: Decision making in investments Type: general – SubjectFull: Investment risk Type: general – SubjectFull: Valuation of investments Type: general Titles: – TitleFull: Opciones reales y su aplicación en la valoración de proyectos TI. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Araya, Nahur M. Meléndez – PersonEntity: Name: NameFull: Castillo, Nahur J. Meléndez IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Text: 2025 Type: published Y: 2025 Identifiers: – Type: issn-print Value: 07183291 Numbering: – Type: volume Value: 33 Titles: – TitleFull: INGENIARE - Revista Chilena de Ingeniería Type: main |
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