Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation

“There are different rules to delimit or exactly determine the number of Internal Rates of Return a project may have or has. These rules show that, when the sequence of signs of the cumulative cash flow vs time function is the normal one - negative figures at the start and then only positive ones –...

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Autor principal: Rosbaco, Juan
Formato: Ponencias en Congresos acceptedVersion
Lenguaje:Inglés
Publicado: 2018
Materias:
ECONOMIA
TASAS DE INTERES
EVALUACION DE PROYECTOS
PROYECTOS DE INVERSION
Acceso en línea:http://ri.itba.edu.ar/handle/123456789/1346
Aporte de:
Repositorio Institucional Instituto Tecnológico de Buenos Aires (ITBA) de Instituto Tecnológico de Buenos Aires (ITBA)
id I32-R138-123456789-1346
record_format dspace
spelling I32-R138-123456789-13462022-12-07T14:13:37Z Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation Rosbaco, Juan ECONOMIA TASAS DE INTERES EVALUACION DE PROYECTOS PROYECTOS DE INVERSION “There are different rules to delimit or exactly determine the number of Internal Rates of Return a project may have or has. These rules show that, when the sequence of signs of the cumulative cash flow vs time function is the normal one - negative figures at the start and then only positive ones – there is only one Internal Rate of Return. There are few projects in which there are multiple intersections of cumulative cash flow with the time axis : a number of acceleration projects, complex financing investments, and a few other serial projects. However, not all of them have multiple Internal Rates of Return. The discussion presented in this paper addresses the question of how to empirically infer the existence of multiple rates, and how to use them for the benefit of the evaluation. Moreover, it demonstrates that all multiple rates have the same physical meaning, which does not vary with respect to the traditional single rate case.” 2018-12-03T00:40:59Z 2018-12-03T00:40:59Z 1999 Ponencias en Congresos info:eu-repo/semantics/acceptedVersion http://ri.itba.edu.ar/handle/123456789/1346 en info:eu-repo/semantics/altIdentifier/doi/10.2118/53768-MS application/pdf
institution Instituto Tecnológico de Buenos Aires (ITBA)
institution_str I-32
repository_str R-138
collection Repositorio Institucional Instituto Tecnológico de Buenos Aires (ITBA)
language Inglés
topic ECONOMIA
TASAS DE INTERES
EVALUACION DE PROYECTOS
PROYECTOS DE INVERSION
spellingShingle ECONOMIA
TASAS DE INTERES
EVALUACION DE PROYECTOS
PROYECTOS DE INVERSION
Rosbaco, Juan
Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation
topic_facet ECONOMIA
TASAS DE INTERES
EVALUACION DE PROYECTOS
PROYECTOS DE INVERSION
description “There are different rules to delimit or exactly determine the number of Internal Rates of Return a project may have or has. These rules show that, when the sequence of signs of the cumulative cash flow vs time function is the normal one - negative figures at the start and then only positive ones – there is only one Internal Rate of Return. There are few projects in which there are multiple intersections of cumulative cash flow with the time axis : a number of acceleration projects, complex financing investments, and a few other serial projects. However, not all of them have multiple Internal Rates of Return. The discussion presented in this paper addresses the question of how to empirically infer the existence of multiple rates, and how to use them for the benefit of the evaluation. Moreover, it demonstrates that all multiple rates have the same physical meaning, which does not vary with respect to the traditional single rate case.”
format Ponencias en Congresos
acceptedVersion
author Rosbaco, Juan
author_facet Rosbaco, Juan
author_sort Rosbaco, Juan
title Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation
title_short Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation
title_full Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation
title_fullStr Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation
title_full_unstemmed Multiple internal rates of return: when to anticipate multiple IRRs and how to take advantage of them to perform a better evaluation
title_sort multiple internal rates of return: when to anticipate multiple irrs and how to take advantage of them to perform a better evaluation
publishDate 2018
url http://ri.itba.edu.ar/handle/123456789/1346
work_keys_str_mv AT rosbacojuan multipleinternalratesofreturnwhentoanticipatemultipleirrsandhowtotakeadvantageofthemtoperformabetterevaluation
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