Abstract

http://ssrn.com/abstract=265905
 
 

References (12)



 
 

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Risk Analysis in Investment Appraisal


Savvakis C. Savvides


Cyprus Development Bank - Project Financing Division

1994

Project Appraisal Journal, Vol. 9, No. 1, March 1994

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.

Number of Pages in PDF File: 33

Keywords: Risk Analysis, Monte Carlo simulation, Investment appraisal, Project analysis, Forecasting and simulation, Business administration

JEL Classification: D81, O22, G31, F47, M10

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Date posted: April 24, 2001 ; Last revised: August 15, 2008

Suggested Citation

Savvides, Savvakis C., Risk Analysis in Investment Appraisal (1994). Project Appraisal Journal, Vol. 9, No. 1, March 1994. Available at SSRN: http://ssrn.com/abstract=265905 or http://dx.doi.org/10.2139/ssrn.265905

Contact Information

Savvakis C. Savvides (Contact Author)
Cyprus Development Bank - Project Financing Division ( email )
5 Pelopos Street
CY-2412 Engomi
Cyprus
357-22-355206 (Phone)
357-22-354462 (Fax)
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