SSRN Author: Patrizia StucchiPatrizia Stucchi SSRN Content
http://www.ssrn.com/author=1637923
http://www.ssrn.com/rss/en-usSat, 18 Jul 2015 07:46:15 GMTeditor@ssrn.com (Editor)Sat, 18 Jul 2015 07:46:15 GMTwebmaster@ssrn.com (WebMaster)SSRN RSS Generator 1.0REVISION: A Quasi-IRR for a Project Without IRRDiscounted cash flows methods such as Net Present Value and Internal Rate of Return are often used interchangeably or even together for assessing value creation in industrial and engineering projects. Notwithstanding its difficulties of applicability and reliability, the internal rate of return (IRR) is commonly used in real-life applications. Among other problems, a project may have no real-valued IRR, a circumstance that may occur in projects which require shutting costs or imply an initial positive cash flow such as a down payment made by a client. This paper supplies a genuine IRR for a project which has no IRR. This seemingly paradoxical result is achieved by making use of a new approach to rate of return (Magni, 2010), whereby any project is associated with a unique return function which maps aggregate capitals into rates of return. Each rate of return is a weighted average of one-period (internal) rates of return, so it is called Average Internal Rate of Return (AIRR). We ...
http://www.ssrn.com/abstract=2558774
http://www.ssrn.com/1371581.htmlFri, 06 Feb 2015 10:32:51 GMTREVISION: A Quasi-IRR for a Project Without IRRDiscounted cash flows methods such as Net Present Value and Internal Rate of Return are often used interchangeably or even together for assessing value creation in industrial and engineering projects. Notwithstanding its difficulties of applicability and reliability, the internal rate of return (IRR) is commonly used in real-life applications. Among other problems, a project may have no real-valued IRR, a circumstance that may occur in projects which require shutting costs or imply an initial positive cash flow such as a down payment made by a client. This paper supplies a genuine IRR for a project which has no IRR. This seemingly paradoxical result is achieved by making use of a new approach to rate of return (Magni, 2010), whereby any project is associated with a unique return function which maps aggregate capitals into rates of return. Each rate of return is a weighted average of one-period (internal) rates of return, so it is called Average Internal Rate of Return (AIRR). We ...
http://www.ssrn.com/abstract=2558774
http://www.ssrn.com/1370309.htmlMon, 02 Feb 2015 08:33:13 GMTREVISION: A Quasi-IRR for a Project Without IRRDiscounted cash flows methods such as Net Present Value and Internal Rate of Return are often used interchangeably or even together for assessing value creation in industrial and engineering projects. Notwithstanding its difficulties of applicability and reliability, the internal rate of return (IRR) is massively used in real-life applications. Among other problems, a project may have no real-valued IRR, a circumstance that may occur in projects which require shutting costs or imply an initial positive cash flow such as a down payment made by a client. This paper supplies a genuine IRR for a project which has no IRR. This seemingly paradoxical result is achieved by making use of a new approach to rate of return (Magni, 2010), whereby any project is associated with a unique return function which maps aggregate capitals into rates of return. Each rate of return is a weighted average of one-period (internal) rates of return, so it is called "Average Internal Rate of Return" (AIRR). ...
http://www.ssrn.com/abstract=1800348
http://www.ssrn.com/1356774.htmlMon, 08 Dec 2014 07:08:38 GMTREVISION: A Quasi-IRR for a Project Without IRRDiscounted cash flows methods such as Net Present Value and Internal Rate of Return are often used interchangeably or even together for assessing value creation in industrial and engineering projects. Notwithstanding its difficulties of applicability and reliability, the internal rate of return (IRR) is massively used in real-life applications. Among other problems, a project may have no real-valued IRR, a circumstance that may occur in projects which require shutting costs or imply an initial positive cash flow such as a down payment made by a client. This paper supplies a genuine IRR for a project which has no IRR. This seemingly paradoxical result is achieved by making use of a new approach to rate of return (Magni, 2010), whereby any project is associated with a unique return function which maps aggregate capitals into rates of return. Each rate of return is a weighted average of one-period (internal) rates of return, so it is called "Average Internal Rate of Return" (AIRR). ...
http://www.ssrn.com/abstract=1800348
http://www.ssrn.com/1347862.htmlSat, 01 Nov 2014 15:46:07 GMT