MARC details
| 000 -LEADER |
|---|
| fixed length control field |
02403nam a22002537a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
|---|
| control field |
ZW-GwMSU |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20240605075917.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
240605b |||||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER |
|---|
| International Standard Serial Number |
01446193 |
| 040 ## - CATALOGING SOURCE |
|---|
| Original cataloging agency |
MSU |
| Language of cataloging |
English |
| Transcribing agency |
MSU |
| Description conventions |
rda |
| 050 00 - LIBRARY OF CONGRESS CALL NUMBER |
|---|
| Classification number |
HD9715.A1 CON |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Espinoza, David |
| Relator term |
author |
| 245 10 - TITLE STATEMENT |
|---|
| Title |
Decoupled NPV: |
| Remainder of title |
a simple, improved method to value infrastructure investments |
| Statement of responsibility, etc. |
created by David Espinoza and Jeremy W.F. Morris |
| 264 1# - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
Abingdon: |
| Name of producer, publisher, distributor, manufacturer |
Taylor and Francis, |
| Date of production, publication, distribution, manufacture, or copyright notice |
2013 |
| 336 ## - CONTENT TYPE |
|---|
| Source |
rdacontent |
| Content type term |
text |
| Content type code |
txt |
| 337 ## - MEDIA TYPE |
|---|
| Source |
rdamedia |
| Media type term |
unmediated |
| Media type code |
n |
| 338 ## - CARRIER TYPE |
|---|
| Source |
rdacarrier |
| Carrier type term |
volume |
| Carrier type code |
nc |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE |
|---|
| Title |
Construction Management and Economics |
| Volume/sequential designation |
Volume 31, number 4-6 |
| 520 3# - SUMMARY, ETC. |
|---|
| Summary, etc. |
Despite its shortcomings, because of its simplicity, the net present value (NPV) technique (or its close relative, the internal rate of return) remains the valuation method most widely used by investors. In this method, all risks associated with a project are lumped into a single parameter (i.e. the risk premium) that is added to the risk-free interest rate to obtain a risk-adjusted discount rate; thus, in essence, the time value of money is adjusted for risk. However, because risk and time are two separate variables, accounting for risk in this manner can lead to substantial valuation errors, particularly for long-term investments which are typical for large infrastructure projects. In this paper, an alternative valuation method that decouples the time value of money from the risk associated with a project is presented. The proposed method, termed decoupled net present value (DNPV), is also simple yet flexible, consistent and robust. The method allows investors to integrate heuristic (i.e. experience based) techniques with sophisticated probabilistic and stochastic techniques to price the risk associated with the value of the asset created and/or the investment needed to create the asset. The proposed method results in a consistent valuation free from the problems typically associated with traditional net present value applications and, more importantly, allows a seamless integration of project risk assessment/management performed by technical experts into the project financial valuation. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
DNPV |
| Form subdivision |
Project finance |
| General subdivision |
Risk management |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Morris, Jeremy W.F. |
| Relator term |
co-author |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
https://doi.org/10.1080/01446193.2013.800946 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Source of classification or shelving scheme |
Library of Congress Classification |
| Koha item type |
Journal Article |