scholarly journals Double continuation regions for American and Swing options with negative discount rate in Lévy models

2019 ◽  
Vol 30 (1) ◽  
pp. 196-227 ◽  
Author(s):  
Marzia De Donno ◽  
Zbigniew Palmowski ◽  
Joanna Tumilewicz
Keyword(s):  
Discount Rate ◽  
Swing Options

Using Discount Rate to Predict Treatment Effect and Relapse

2007 ◽  
Author(s):  
Yun Zhang ◽  
Min Yu ◽  
Xinyue Zhou ◽  
Jingjing Lin ◽  
Yi Ni
Keyword(s):  
Discount Rate ◽  
Treatment Effect

Establishment and Production Costs for Peach Orchards in Florida: Enterprise Budget and Profitability Analysis

EDIS ◽  
2017 ◽  
Vol 2017 (4) ◽  
Author(s):  
Ariel Singerman ◽  
Marina Burani Arouca ◽  
Mercy A. Olmstead
Keyword(s):  
Discount Rate ◽  
Production Costs ◽  
Fixed Costs ◽  
Average Price ◽  
Land Preparation ◽  
Profitability Analysis ◽  
Enterprise Budget ◽  
Marketable Fruit ◽  
Peach Orchard

The article summarizes the establishment and production costs, as well as the potential profitability of a peach orchard in Florida. Our findings show the initial investment required for a peach operation in Florida to be $6,457 per acre; the expense in land preparation and planting alone in year 1 is $2,541 per acre. Variable and fixed costs in years 2 through 15 average $5,680 per acre. As an example of profitability, when using a 10% discount rate, an operation yielding 6,525 (7,254) pounds of marketable fruit per acre during its most productive years obtains a positive NPV when the average price is $2.38 ($2.13) per pound.

Determining the discount rate when evaluating trade organizations: Some features

2020 ◽  
Vol 13 (1) ◽  
pp. 71-84
Author(s):  
E.A. Grigor'eva ◽  
A.S. Buzhikeeva
Keyword(s):  
Discount Rate ◽  
Economic Activity ◽  
Systems Approach ◽  
Market Value ◽  
Additional Risk ◽  
Evaluation Procedures ◽  
Analytical Research ◽  
Definition Of ◽  
Traditional Approaches

Subject. This article deals with the issues of determining the market value of the trading business, taking into account a number of characteristics. Objectives. The article aims to develop certain provisions of the methodology and practice of evaluating the business of trading organizations, namely, taking into account the additional risk of inventory feasibility when calculating the discount rate. Methods. For the study, we used a systems approach, and the cognition, and economic and analytical research methods. Results. The article presents a three-tiered classification of stocks and a definition of risk based on the criteria for dividing stocks by purpose, degree of implementation, and shelf life in accordance with the scale. Based on the classification, the article offers certain recommendations for determining the discount rate when evaluating trading organizations, aimed at taking into account additional risk. Conclusions. Various evaluation procedures within the framework of traditional approaches and methods in relation to trading organizations do not take into account risk specific to this type of economic activity. The proposed methodology for calculating the discount rate for trade organizations takes into account the features of their functioning.

KELAYAKAN DAN RISIKO USAHATANI JERUK KEPROK MADURA DI KABUPATEN SUMENEP

2013 ◽  
Vol 3 (2) ◽  
Author(s):  
Isdiantoni Isdiantoni
Keyword(s):  
Discount Rate ◽  
Coefficient Of Variation

Menurut Direktorat Budidaya Tanaman Buah Deptan (2009), potensi pengembangan tanaman jeruk keprok Madura di Kabupaten Sumenep, cukup besar yaitu seluas 400 hektar yang tersebar di 3 (tiga) kecamatan, yaitu Kecamatan Dasuk, Kecamatan Ambunten dan Kecamatan Pasongsongan. Salah satu faktor yang dapat menenunjang keberhasilan pengembangan komoditas jeruk ini, adalah kelayakan ekonomis (menguntungkan secara finansial).Dipihak lain, petani sebagai pelaku utama kegiatan pengembangan jeruk keprok Madura dan sebagai produsen, harus mengetahui kemungkinan resiko yang akan diterimanya dan besarnya keuntungan dari usaha ini. Pengetahuan terhadap hubungan antara resiko dan keuntungan ini, akan memberikan dasar pertimbangan yang rasional bagi petani dalam mengembangkan komoditas jeruk keprok Madura. Informasi/data pada penelitian ini, diperoleh dari petani jeruk keprok Madura yang bibitnya berasal dari cangkokan dan mulai dibuahkan pada umur 3 (tiga) tahun.Pengukuran kelayakan finansial usahatani jeruk keprok Madura dilakukan dengan melihat kriteria investasi, dan pengukuran terhadap hubungan antara tingkat resiko dengan keuntungan, diukur secara statistik dengan melihat koefisien variasi (coefficient of variation) dan batas bawah keuntungan. Kriteria investasi pada usahatani jeruk keprok Madura menunjukkan nilai NPV sebesar Rp. 118,342,271 (> 0), Net B/C sebesar 1.38 (> 1) dan IRR sebsar 23,7% (> discount rate), sehingga proyek usahatani jeruk keprok Madura dapat dikatakan go! (layak dilaksanakan).Periode yang diperlukan untuk menutup biaya investasi, yaitu 9 tahun 10 bulan (di bawah dari umur ekonomis proyek), sehingga proyek ini layak diusahakan. Selama periode proyek (15 tahun) nilai koefisien variasi (CV) didapatkan 0.588 (CV > 0.5) dan nilai batas bawah keuntungan (L) didapatkan sebesar Rp. (31,204,042) yang menunjukkan L < 0.  Dengan demikian, pengusahatani jeruk keprok Madura harus berani menanggung resiko (kerugian) sebesar  Rp. 31,204,042,- pada setiap proses produksi. Kata kunci: Usahatani Jeruk Keprok Madura, Kelayakan, dan Resiko Finansial

Valuation of commodity-based swing options

2010 ◽  
Vol 3 (3) ◽  
pp. 91-112 ◽  
Author(s):  
Rudiger Kiesel ◽  
Jochen Gernhard ◽  
Sven-Olaf Stoll
Keyword(s):  
Swing Options
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