Moments and distribution of the net present value of a serial project

Creemers, Stefan

doi:10.1016/j.ejor.2017.12.039

Cited by 21 publications

(12 citation statements)

References 36 publications

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“…Buss and Rosenblatt (1997) found optimal activity delays with respect to earliest start times. Creemers (2018a) recently studied the times and distribution of the NPV. To determine the optimal scheduling policies, Creemers et al (2010) used stochastic DP based on the continuous-time Markov chain described by Kulkarni and Adlakha (1986).…”

Section: Stochastic Project Schedulingmentioning

confidence: 99%

A classification and review of approaches and methods for modeling uncertainty in projects

Hazır

Ulusoy

2020

International Journal of Production Economics

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In this paper, we created a classification for major sources of uncertainty in projects and categorized the studies in project scheduling literature with respect to the uncertainty source(s) they address. In addition, we investigated the approaches and methods to manage uncertainty, and studied the literature regarding these methods. Project management predominantly models the randomness in duration of activities; however, studies modeling the uncertainty due to other sources are scarce. We focused on these sources of uncertainty and highlighted the promising areas of research. The results presented in this paper will help researchers to identify the research gaps in modeling project uncertainty.

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Section: Stochastic Project Schedulingmentioning

confidence: 99%

A classification and review of approaches and methods for modeling uncertainty in projects

Hazır

Ulusoy

2020

International Journal of Production Economics

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“…Net Present Value adalah selisih antara biaya kegunaan terhadap biaya untuk mengekspresikan keuntungan bersih berdasarkan nilai sekarang, analisis NPV dikatakan layak apabila bernilai positif dan sebaliknya (Creemers, 2018). Selisih pada nilai NPV adalah presentasi nilai bersih yang akan dirasakan oleh suatu perusahaan dalam menjalankan operasional usahanya.…”

Section: Net Present Value (Npv)unclassified

Financial Feasibility Analysis and Business Sensitivity Level on Intensive Aquaculture of Vaname Shrimp (Litopenaeus Vannamei)

Muqsith

Ariadi

Wafi

2021

ECSOFiM

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Intensive aquaculture of vaname shrimp (L. vannamei), has been known to be a favorite for aquaculture commodities in Indonesia at the last 2 decades. The purpose of this study was to determine status of financial feasibility and business sensitivity rate in intensive shrimp culture activities. The research method used in this study is a quantitative method. The data analysis used to determine of financial feasibility and business sensitivity in the form of NPV analysis, Net B/C, R/C, IRR, and payback period. Also, an analysis of assumptions about rising feed prices and decreasing production revenues for the level of business sensitivity. The results showed that the shrimp culture business was categorized as feasible and profitable with NPV value of IDR 63,417,262,006, Net B/C 29.11, R/C 2.14, IRR 42.46%, and PP 1.4 years. Sensitivity analysis shows that the business is not so sensitive to the increase of feed prices and decreased revenue, but is very sensitive if both conditions change simultaneously, but are still in the financially feasible category. So, it can be concluded based on NPV, Net B/C, R/C, IRR, and payback period indicator analysis that intensive white shrimp farming is very feasible and profitable to use with a low level of business sensitivity due to feed price fluctuations changes and uncertain operational business revenues.

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“…In order to quantify the risk exposure that a security breach entails and propose a set of optimal mitigation measures, we will draw upon the aforementioned optimisation techniques and combine them with capital budgeting methods for the evaluation of serial projects within a cyber security context. Examples of the latter within the context of project scheduling include Creemers [22], who studies the Net Present Value (NPV) of a project with multiple phases that are executed in sequence. A cash flow may be incurred at the start of each phase and a payoff is obtained at the end of the project, while the duration of each phase is a random variable with a general distribution function.…”

Section: Related Workmentioning

confidence: 99%

The SPIDER Cyber Security Investment Component (CIC)

Tsiodra

Chronopoulos

Ghering³

et al. 2021

2021 IEEE International Conference on Cyber Security and Resilience (CSR)

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Recent security incidents worldwide demonstrate the increase in the complexity and severity of cyber security threats. The attackers become better organized and the attack vectors are using more advanced methods and tools. Therefore, within the currently evolving and complex 5G cyber security landscape, both businesses and end-users need to find ways to enhance their cyber security preparedness level in order to safeguard their infrastructures and assets. Additionally, modern organizations need to invest in cyber security technologies to proactively address the identified cyber risks, based on the specific individual characteristics of their infrastructures. For this reason, investing in cyber security constitutes nowadays an essential financial and operational decision aiming to reduce the financial risk that successful cyber-attacks entail. In this paper, we demonstrate how capital budgeting techniques for gauging the financial risk of cyber attacks may be integrated within an optimisation model for optimal selection of mitigation measures into a single unified decision-making framework.

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Moments and distribution of the net present value of a serial project

Cited by 21 publications

References 36 publications

A classification and review of approaches and methods for modeling uncertainty in projects

A classification and review of approaches and methods for modeling uncertainty in projects

Financial Feasibility Analysis and Business Sensitivity Level on Intensive Aquaculture of Vaname Shrimp (Litopenaeus Vannamei)

The SPIDER Cyber Security Investment Component (CIC)

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