home Management Lecture notes Management of special projects (abstract lecture NDPSU) |
Management of special projects (abstract lecture NDPSU)
2.1.3. Payback Period (PBP)
Period okupnosti project - tse chas, a kind of potriban in order to get the sum of money in the real estate project, vidstkoduvala sumo vitotat yogo vprovadzhennya. Період окупності звичайно вимірюється в роках або місяцях.
Butt. For realizatsii project neobhіdnі pochatkiі інвестиції in розмірі 250 million UAH. Managers plan to rebuild the real estate project in the form of 90,000 hryvnias. The row of the purchase of the project can be made by such a rank:
De II (Initial investment) - sum of investments (vitrate); ACI (Annual cash inflow) is a suport.
Obviously, the rule of priinyattya projects for the criterion of PBP: from alternative projects to accept a project, which is the least periode of procurement.
Оцінка періоду окупності є різновидом розрахунку точка беззбитковості, то що після закінчення стро окупності project починає приносити вигоди. Alec tzeyznik m'yot one істотний недолік - він can not be servants for the world of pributkovostі, the incidents do not depend on the grotesque flows, but on the line of the recourse, and so, if the project is shown, the transfer is required to short-string projects.
In order to ensure that the shortage of non-payment visokristovyot pokaznik discount discount period (Discount payback period -DPB). At tsiomu rozraunki zdіysnayutsya z vikoristannyam discount grooshovyh streams.
Butt. Підприємство інвестувало на будівництво готелем 40 мільйонів гривень і planує отримувати від експлуатації готель відповідно:
1st ric - 35 million UAH;
2 rd ric - 60 million UAH;
3rd ric - 80 million UAH;
4 rd ric - 100 million UAH.
For rozrajunku periodu okupnostі інвестицій візьмемо rate discount in rozmіrі 100%. Discounting of grotesque flows is fatal for the formula:
, De
СFt - groshny potik (clean pennies) for rik t;
R - discount rate;
T - рік, for a certain otrimano grosovy potik.
Table 2.2.
Розрахунок дисконтного періоду окупності проекту
Грошові потоки | Початкові інвестиції (витрати) |
Approach |
|||
0 |
1 |
2 |
3 |
4 |
|
Clean the penny |
- 40 million. |
35 million |
60 million |
80 million |
100 million. |
Clean the discount groschen potik |
17.5 million |
15 million |
10 million |
6.25 million |
|
Accumulations of clean discount groscheny potik |
-22.5 million. |
-7.5 million. |
+3.5 million |
||
Discount periоid окупності |
2.75 years |
Accumulations of cleanliness of the discount grosovy potik are nepokrat a part of the post-embankment investment. Кожен рік, в міру отримання прибутків від інвестицій, ця the amount of change. In the table it is seen that 7.5 million hryvnias, which are unheard of, are poured unconsciously against another rock, but the discounting period of purchase becomes two parts of rock and part of the third rock.
Rosrakhunok zdіysnjєєtsya this rank:
DPB = 32,500,000 + = 2 + 0.75 = 2.75
The PBP talents and the DPB are able to characterize the risk of the project and give the manager the important information about the project in the course of a few pennies to be dealt with by the project.
Comments
When commenting on, remember that the content and tone of your message can hurt the feelings of real people, show respect and tolerance to your interlocutors even if you do not share their opinion, your behavior in the conditions of freedom of expression and anonymity provided by the Internet, changes Not only virtual, but also the real world. All comments are hidden from the index, spam is controlled.