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Using simulation to evaluate investment projects

Author

Listed:
  • LUBAN Florica

    (The Bucharest Academy of Economic Studies, Romania)

Abstract

The goal of this paper is to show how the system dynamics simulation can be applied to incorporate in the evaluation process of various investment projects the interactions between market demand and financial health of the firm. Through simulation, a more accurate representation of the variability and uncertainty of business proposals or strategies can be obtained.

Suggested Citation

  • LUBAN Florica, 2009. "Using simulation to evaluate investment projects," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1 Special), pages 139-144, July.
    • Handle: RePEc:rom:econmn:v:12:y:2009:i:1special:p:139-144
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    File URL: https://www.management.ase.ro/reveconomia/2009-1s/23.pdf
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    References listed on IDEAS

    as
    1. Florica LUBAN & Daniela HINCU, 2009. "Interdependency Between Simulation Model Development And Knowledge Management," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 4(10), pages 75-85, February.
    2. John Harvey, 2002. "Keynes' Chapter Twenty-Two: A System Dynamics Model," Working Papers 200201, Texas Christian University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    simulation; system dynamic; investment decision;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing

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