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Formulario Pep
Formulario Pep
VP
Ft
(1+r)t
Flujo nico
VP =
VP
= F * (1+r)N- 1
(1+r)N * r
VP
= F1 * (1+w)N - 1
(1+a) (1+w)N * w
VP
= F1 * (1+r)N - 1
(1+r)N * r
VP
= Ft (1+a)t
(1+r)t
= Sk * (1+r)N * r
(1+r)N - 1
= Sk * (1+r)N-k * r
(1+r)N-k - 1
= Sk
N
Dep
= VI - VR
N
KT
VAN
=-I+
VAN
= - I + FNC
r
VAN
= VAN * 1 +
Serie de Flujos
Flujo perpetuo
r = (1+i/k)k - 1
rk = (1+rw)k/w - 1
+ G * (1+r)N - 1 - N
r (1+r)N * r (1+r)N
=
F
r
Ft
(1+w)t
N= Nmero de cuotas
Donde :
w = (1+r) - 1
(1+a)
Sk
Nk
FNCt
(1+r)t
VAN
1
rH
COB
Depk
* TCOB )
= - I + FNC *
(1+r)H - 1
(1+r)H * r
VANK rep
= VAN * 1 + (1+rH)k-1 - 1
(1+rH)k-1 * rH
Donde
rH
(1+r)H - 1
IVAN = VAN
Individual
IVAN = VAN
Conjunto
I
D
Momento Optimo de inicio
VAN = 0
VAN Mximo
r * It + FNCH+T+1 = I + FNCT+1
t
(1+r)H
(C * (1+r)-t ) = C * Ln(1+r) * (1+r)-t
t
Tamao Optimo
VAN = 0
T
VAN Mximo
2
(Ft)
r = * Tir Marginal