Afef Loumaizia (2019) إمكانية تطبيق أسلوب تحليل الحساسية لتقييم المشاريع الاستثمارية المدعمة من قبل الوكالة الوطنية لدعم تشغيل الشباب وكالة سوق أهراس. University of Souk Ahras
Scientific Publications
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Abstract
The aim of this study is to propose the application of sensitivity analysis method in evaluating investment projects. Specifically, those funded under the National Youth Employment Support Agency, in an effort to rationalize the investment decision taken by the agency, especially as these projects occupy a significant share in the Algerian economy, and that its success is closely linked to the accuracy of the evaluation methods prior to its implementation phase.
The study concluded that in evaluating the projects financed by the Agency, the Agency relied on a single method that is the net present value, This may lead to misleading results because this approach does not take into account the risk conditions and changing environment in which these projects operate, After applying the sensitivity analysis according to the method of break-evenpoint analysis and the method of discounting cash flows on the projects studied, the project "olive oil production", "coffee roasting and grinding " project and "industrial incubation" project to include the risk element.
The results showed the sensitivity of these projects at different levels for some variables such as the "selling price" variable, the "quantity sold" variable, the "cash flow" variable, and the "discount rate".
The use of sensitivity analysis can be a supportive tool to the results of the technical study done by the Agency, which showed that these projects profitable by adopting the method of net present value, hereby allowing for the shortcomings of this approach and giving greater credibility to the Agency's decisions on the acceptance or rejection of the investment project.
Keywords: Investment Projects, Risk, uncertainty, Sensitivity Analysis.
The study concluded that in evaluating the projects financed by the Agency, the Agency relied on a single method that is the net present value, This may lead to misleading results because this approach does not take into account the risk conditions and changing environment in which these projects operate, After applying the sensitivity analysis according to the method of break-evenpoint analysis and the method of discounting cash flows on the projects studied, the project "olive oil production", "coffee roasting and grinding " project and "industrial incubation" project to include the risk element.
The results showed the sensitivity of these projects at different levels for some variables such as the "selling price" variable, the "quantity sold" variable, the "cash flow" variable, and the "discount rate".
The use of sensitivity analysis can be a supportive tool to the results of the technical study done by the Agency, which showed that these projects profitable by adopting the method of net present value, hereby allowing for the shortcomings of this approach and giving greater credibility to the Agency's decisions on the acceptance or rejection of the investment project.
Keywords: Investment Projects, Risk, uncertainty, Sensitivity Analysis.
Information
| Item Type | Thesis |
|---|---|
| Divisions | |
| ePrint ID | 2030 |
| Date Deposited | 2019-11-26 |
| Further Information | Google Scholar |
| URI | https://univ-soukahras.dz/en/publication/article/2030 |
BibTex
@phdthesis{uniusa2030,
title={إمكانية تطبيق أسلوب تحليل الحساسية لتقييم المشاريع الاستثمارية المدعمة من قبل الوكالة الوطنية لدعم تشغيل الشباب وكالة سوق أهراس},
author={Afef Loumaizia},
year={2019},
school={University of Souk Ahras}
}
title={إمكانية تطبيق أسلوب تحليل الحساسية لتقييم المشاريع الاستثمارية المدعمة من قبل الوكالة الوطنية لدعم تشغيل الشباب وكالة سوق أهراس},
author={Afef Loumaizia},
year={2019},
school={University of Souk Ahras}
}