Programa

Project Appraisal

Licenciatura Bolonha em Matemática Aplicada à Economia e à Gestão

Licenciatura Bolonha em Gestão

Licenciatura Bolonha em Economia

Licenciatura Bolonha em Finanças

Programa

1. Introduction / Basic Concepts (Consumption vs. investment conflict, opportunity cost, fundamental financial calculation instruments – compound interest, equivalent and proportional rates, real and nominal rates, constant annuities and perpetuities) 2. Project Analysis Methodology (Project cycle, feasibility studies, perspectives of analysis – economic, financial, and social, relevant cash flows, distinction between profit and cash flow, project perspective and shareholder perspective, opportunity cost estimation, business plans) 3. Evaluation Criteria (Estimation of cash flows, cost of capital, Payback Period (PRI), Net Present Value (NPV), Internal Rate of Return (IRR), Benefit-Cost Ratio (B/C), investments of unequal lifespans / Equivalent Annual Cost (EAC), selection of the optimal replacement time, choice between repair and replacement, financial resource rationing) 4. Appraisal under Uncertain Conditions (Uncertainty and risk, sensitivity and scenario analysis, inflation, decision-making with NPV, real options and decision trees)