Risk Analysis in Investment Appraisal

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Risk Analysis in Investment Appraisal

Author Info

Savvakis C. Savvides (The Cyprus Development Bank)

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Savvakis C. Savvides

Abstract

This paper was prepared for the purpose of presenting the methodology and uses of the Monte Carlo simulation technique as applied in the evaluation of investment projects to analyse and assess risk. The first part of the paper highlights the importance of risk analysis in investment appraisal. The second part presents the various stages in the application of the risk analysis process. The third part examines the interpretation of the results generated by a risk analysis application including investment decision criteria and various measures of risk based on the expected value concept. The final part draws some conclusions regarding the usefulness and limitations of risk analysis in investment appraisal.

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Publisher Info
Paper provided by EconWPA in its series Finance with number 0409020.

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Length: 33 pages
Date of creation: 07 Sep 2004
Date of revision:
Handle: RePEc:wpa:wuwpfi:0409020

Note: Type of Document - pdf; pages: 33
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Paper
- Savvides, Savvakis C., 1994. "Risk Analysis in Investment Appraisal," MPRA Paper 10035, University Library of Munich, Germany, revised 14 Aug 2008. [Downloadable!]

Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
O22 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Investment Policy
F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation
M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General

This paper has been announced in the following NEP Reports:

NEP-CFN-2004-09-12 (Corporate Finance)
NEP-CMP-2004-09-30 (Computational Economics)
NEP-FIN-2004-09-12 (Finance)
NEP-RMG-2004-09-12 (Risk Management)

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Savvides, Savvakis C., 2000. "Market Analysis and Competitiveness in Project Appraisal," MPRA Paper 9796, University Library of Munich, Germany. [Downloadable!]
MIGARA JAYAWARDENA & Glenn Jenkins & GANGADHAR SHUKLA, 1999. "Control Of Water And Coastal Pollution An Appraisal For Espirito,Brazil," Development Discussion Papers 1999-4, JDI Executive Programs. [Downloadable!]

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This page was last updated on 2009-11-17.

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