Management of economic and financial risk of investments in assets for extraction of non-metallic mineral extracts

Autor(es)

Izabelle Martinez Martinez ^[1] ; Gislaine Cristina Batistela ^[2] ; Danilo Simões ^[3]

Afiliação do(s) autor(es)

^[1] São Paulo State University. Campus of Itapeva - Brasil

^[2] São Paulo State University. Campus of Itapeva - Brasil

^[3] São Paulo State University. Campus of Itapeva - Brasil

• Tipo de documento: Artigo Científico
• Fonte: Ingeniare. Rev. chil. ing.; v. 29, n. 4, p. 691-699, 2021-12-00.

Resumo

ABSTRACT The investment projects evaluation in real assets is essential for decision making; however, undoubtedly, it is a process whose components have interdependent relationships, which generate uncertainties that can lead to the wrong acceptance or rejection of the investment. This study aimed to apply the Monte Carlo simulation to the risk incorporation into the economic and financial evaluation of an investment project in mineral assets under conditions of uncertainties, with a view to the obtained returns measurement. Thus, the evaluation was based on the projection of discounted cash flow, which allowed the adoption of methods commonly used to evaluate real assets that consider the time value of the money. The economic-financial risk incorporation was performed using a stochastic and dynamic mathematical model, and the Monte Carlo method was used to generate values from probability distributions. The results showed that the investment project in mineral assets is economically feasible by adding value to investors. (AU)

• Processo FAPESP: 17/20323-0 - Aplicação da teoria das opções reais em tempo discreto para avaliar investimentos em exploração de recursos minerais
• Beneficiário: Izabelle Martinez Martinez
• Modalidade de apoio: Bolsas no Brasil - Iniciação Científica