Examinando por Autor "Restrepo Sarmiento, Mateo"

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    Evaluación financiera de proyecto de comercialización internacional de aguacate a través de la aplicación de opciones reales
    (2019) Restrepo Sarmiento, Mateo; Pareja Vasseur, Julián Alberto
    The objective of this work is to identify the impacts in terms of value when evaluating projects where management's flexibility or decision making is present. For this purpose, the evaluation of an industrial project, dedicated to Hass avocado processing, using traditional methods of valuation with NVP criteria was defined as a methodology. Then binomial trees were built to evaluate the real options of expansion, abandonment and choice complementing the initial assessment. The results indicate that both methods complement each other and that the presence of flexibility and reaction to changes in uncertainty variables represent a portion of additional value in the evaluation of projects. The motivation of the work lies in demonstrating how the concepts of value can be limited by assuming the passivity of the project managers and how strategic factors are ignored.