A sensitivity analysis as a method of making investment decisions in a case of risk

Authors

  • Мария Вячеславовна Коростелева St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation https://orcid.org/0000-0002-5076-7192

Abstract

This paper is devoted to the examination of an application of a sensitivity analysis for the estimation of the investment risk. The simulation approach is briefly outlined; an analytical approach is presented in detail. The author briefly describes who to analyze sensitivity of net present value to the different factors. The analysis of sensitivity of internal rate of return to such factors as the project life, a cash flow, and a rate of changes of components composing a cash flow is examined.

Keywords:

economic analysis

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Author Biography

Мария Вячеславовна Коростелева, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

кандидат экономических наук, доцент

References

Литература на русском языке

Бригхем Ю., Гапенски Л. Финансовый менеджмент: Полный курс. Т. 1. СПб., 1997. С. 286.

Воронцовский А. В. Инвестиции и финансирование: методы оценки и обоснования. СПб., 2003. С. 218.

Воронцовский А. В. Управление рисками. СПб., 2005. С. 135–150.

Ковалев В. В. Введение в финансовый менеджмент. М., 2005. С. 450–451.


References in Latin Alphabet

Weston J. E., Copeland T. E. Managerial Finance. The Dryden Press, 1989. P. 475.


Translation of references in Russian into English

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Published

2007-09-28

How to Cite

Коростелева, М. В. (2007). A sensitivity analysis as a method of making investment decisions in a case of risk. St Petersburg University Journal of Economic Studies, (3), 145–152. Retrieved from https://economicsjournal.spbu.ru/article/view/3919

Issue

No. 3 (2007)

Section

Modelling the investment and production

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.