Repositorio Institucional Universidad EAFIT ::Examinando por Materia "AGUACATE - CULTIVO

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Valoración de un proyecto agrícola aplicando la teoría de opciones reales. Caso de estudio: Cultivo de Aguacate Hass en Angostura - Antioquia
(Universidad EAFIT, 2019) González Giraldo, Eliana María; Vivares Mira, Carlos Andrés; Támara Ayús, Armando Lenín
Traditional valuation methods have a static character because they assume that the basic conditions of a project cannot be changed. For this reason, they present great limitations for analyzing projects in the agricultural sector that are subject to conditions of risk, uncertainty and flexibility. In this sense, the analysis with real options (RO) is presented as an alternative for decision making in this sector. In the present work, a general review is carried out of the theory of RO: Types, concepts and valuation models. Additionally, a case study is shown where an expansion option is evaluated for a Hass Avocado crop in the municipality of Angostura, department of Antioquia. The results showed that the option increased the value of the project by 63% in contrast to the Net Present Value (NPV) technique.