Examinando por Materia "Modelo binomial"

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    Ítem
    El papel de las opciones reales a la hora de diferir la adquisición de una empresa.
    (Universidad Eafit, 2019) Mora Arboleda, Diana Marcela; San Martín Plaza, Delia Isabel; Támara Ayús, Armando Lenín
    This work depicts the paper that real options play when deciding on the horizontal acquisition of a ground transportation company in Colombia´s department of Antioquia through a deferring option. For its development, the theory of discounted cash flows and real options was first reviewed. Then the valuation of the company was elaborated by discounted cash flows and, later, the calculation of the deferring option was made through the binomial tree methodology. Finally, it was shown that the inclusion of the deferring option in the acquisitions generates an added value, with which it was possible to define the best moment to carry out the acquisition of the company, taking as reference the possible scenarios that could be presented during a year.
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    Ítem
    Valoración de proyecto inmobiliario por medio de opciones reales
    (Universidad EAFIT, 2019) Zuluaga Alzate, Maryori; Méndez Vega, Keyla Marcela; Pareja Vasseur, Julian Alberto
    In the present document is carried out the valuation real options method applied to the real estate sector. It is considered an abandonment option for a homebuilding project through the binomial tree methodology, which is counteracted to the application of traditional methods such as FCF (free cash flow) and APV (adjusted present value). The objective is to demonstrate that the complementarity of these technics add value in making managerial decisions because of the flexibility can make that an unviable project, evaluated by traditional methods, a profitable project or to increase the value of it through the real option. In Colombia there is little application of real options in the studied industry, in spite of the multiple benefits that it can be provides in a business considered different from conventional ones due to the dependence of uncontrollable factors.