Izinga isaphulelo njengoko uhlalutyo parameter izicwangciso investment

Ukwenza naluphi na uhlobo lomsebenzi akunakwenzeka ngaphandle ukuphunyezwa uhlalutyo zemali ngokucokisekileyo, nayo leyo equka utyalo-mali locwangciso, ukucwangcisa ishishini kwixesha elizayo kunye umsebenzi wovavanyo yangoku. Enigcoba uhlalutyo Iwayo nayiphi na kwezi ndidi siphelekwa ebusweni parameter efana nezinga isaphulelo. Ngako oko, le nengozi yokuba imisebenzi eqhubekayo, kungona ezilindelekileyo abatyali-mali kunye nabanini eyinkunzi, kwaye oluphezulu neemfuno kubalwe ngokuchanekileyo kwaye ngokucokisekileyo ixabiso lokungena nokuphuma kwemali. Yokuba uhlalutyo kuhlehliselwe yengeniso kwimeko yengeniso emithonjeni a kumaxabiso inkqubo. Isiseko yalo msebenzi data analytical ngqo.

Ukunciphisa ukungangqinelani phakathi phambili-ukhangela izalathisi ezicwangcisiweyo kunye idatha yazo elizayo ngqo kufuneka zisetyenziswe ukubala ngokuchanekileyo i parameters iindleko (ezingenayo, iindleko), isakhiwo eyinkunzi, nokuphuma zotyalo-mali, kufuneka ukuba uyithathele ingqalelo ixabiso intsalela lwepropati ekhoyo, Kakade, izinga isaphulelo (oko kukuthi isantya isaphulelo).

Ukuba yokugqibela nani esidume-nxaxheba yazo yokuseta ixabiso yemveliso eyinkunzi. inqanaba yayo ixhomekeke kwimarike umyinge wenzala, kwakunye nolindelo zabo, izakhono kunye neenjongo. izinga isaphulelo ibonisa ukuba umgangatho owamkelekileyo inzuzo-mali kwi imali engange lityale imali, nto leyo ibe ngokutyala ngendlela engenye, efunisela ngaphantsi yingozi.

Sokuqondwa ngokucokisekileyo ngakumbi, sinokuthi lula. Ngokomzekelo, emva kweminyaka emi-5, umntu ofuna ukufumana iiyunithi 10,000 semeko yemali. izinga isaphulelo esetyenzisiweyo ukumisela indlela kufuneka imali ukuvelisa toe okanye ngenye ukulahla isixa kwixesha elizayo. Ngoko ke, lo ngowona nani nempembelelo enkulu phezu ukhetho iprojekthi zotyalo-mali.

Ukongeza, i parameter isetyenziswa kuwo onke amacandelo kunye namashishini. Yaye injongo yalo - akusoloko isicwangciso utyalo-mali. Ithetha kwimisebenzi nawuphi na umbutho. Izinga isaphulelo kubalulekile ekuhlalutyeni ixabiso lotyalo-mali, kunye nazo zonke iintlobo iindleko zizonke kucwangciso ishishini.

Kwakunye ekuhlalutyeni zotyalo nokungena, ulawulo nayiphi na inkampani unalo ithuba lokukhetha imo ubuncinane eninzi kwimveliso okanye inzuzo. Zombini ikuvumela ukuba ukujonga kanye izinga isaphulelo. Ifomula ukunceda ukubala ubungakanani salathisi, iquka inani elikhulu yemida ezahlukeneyo ezifana:

- wenzala (ebekwe ngumnini ebolekisayo i);

- ingeniso izinga (umyinge lokubuya, leyo ifakiwe equity);

- izinga lokwenyuka kwamaxabiso ;

- i mboleko umyinge;

- Uvavanyo wayeyingcali;

- avareji weighted indleko yekhapitali , njl

izinga Discount kungenziwa kumiselwa mazwi alandelayo:

R = RF + (Rmax + Rmin) / 2 + S, apho

R - ngokulandelelana, izinga isaphulelo;

RF - umngcipheko-free umyinge;

Rmax, Rmin - iziqendu lomngcipheko kwelona qondo;

S - ingqalelo imingcipheko abasifumani ingeniso elindelekileyo.

imisebenzi Risk-free zifumaneka kuphela imodeli efanelekileyo kuqoqosho. Ke zona ezi ezikhona. Kodwa kukho isixa esikhulu ngeendlela analysis iprojekthi zotyalo-mali, omnye nto leyo indlela yokulungelelanisa izinga isaphulelo.