IDEAS home Printed from https://ideas.repec.org/a/rsr/supplm/v64y2016i8p77-84.html
   My bibliography  Save this article

Model of investment analysis in an uncertain environment

Author

Listed:
  • Constantin ANGHELACHE

    (Universitatea „ARTIFEX” din Bucuresti, Academia de Studii Economice, Bucuresti)

  • Alexandru MANOLE

    (Universitatea „ARTIFEX” din Bucuresti)

  • Andreea MARINESCU

    (Academia de Studii Economice, Bucuresti)

Abstract

In this study, we have proposed to analyze the situation in which an investment project is developed within an uncertainty environment. In fact, no matter how many data we have available during an investment process, uncertain issues occur. An economic environment, deterministic, even if it assumes the anticipation of costs, risk elements can occur. The definition of risk itself, as uncertain element, leads to the setup of a model on whose basis all the variables should be identified, together with the correlation between those. There are cases when the economic environment is non-saturated from the monetary-financial viewpoint, and thus these moments must be identified, measured and controlled. On this topic, we have identified the indicators used for the substantiation of the investment decision in an uncertain environment. We shall define the concept of uncertain environment and the perspective of cash-flow and risks forecasts will be analyzed. We granted proper attention to the update rate of investment projects, subsequent to the occurrence of risky random variables. The study is completed with practical analysis models.

Suggested Citation

  • Constantin ANGHELACHE & Alexandru MANOLE & Andreea MARINESCU, 2016. "Model of investment analysis in an uncertain environment," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(8), pages 77-84, August.
  • Handle: RePEc:rsr:supplm:v:64:y:2016:i:8:p:77-84
    as

    Download full text from publisher

    File URL: http://www.revistadestatistica.ro/supliment/wp-content/uploads/2016/09/RRSS_08_2016_A5_en.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Constantin ANGHELACHE & Madalina Gabriela ANGHEL, 2015. "Theoretical aspects concerning the use of the statistical-econometric instruments the analysis of the financial assets," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(9), pages 44-48, September.
    2. Constantin Anghelache & Alexandru-Lucian Manole & Daniel Dumitrescu, 2015. "The Correlation between Final Consumption, Gross Available Income and Gross Investment: An Econometric Analysis," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 84-88, October.
    3. Alin OPREANA, 2015. "A New Perspective of Investment Modelling at the European Union Level," Expert Journal of Economics, Sprint Investify, vol. 3(2), pages 143-148.
    4. William Miles, 2009. "Irreversibility, Uncertainty and Housing Investment," The Journal of Real Estate Finance and Economics, Springer, vol. 38(2), pages 173-182, February.
    5. Bart M. Lambrecht & Stewart C. Myers, 2007. "A Theory of Takeovers and Disinvestment," Journal of Finance, American Finance Association, vol. 62(2), pages 809-845, April.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsr:supplm:v:64:y:2016:i:8:p:77-84. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adrian Visoiu). General contact details of provider: http://edirc.repec.org/data/stagvro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.