Поузданост пројеката јавно-приватног партнерства у условима неизвјесног протока новца
Сажетак текста на енглеском језику: "This paper focuses on dynamic financial modelling of recurring cash flow items in PPP projects in operating stage and on risks associated with the volatility of these cash flows. As we concentrate on
so-called government-pays schemes, only cash-outflows are considered, such as operating costs, repairs and maintenance expenses, and administration costs, whereas the revenue side is considered to be not at risk. We show different approaches to modelling the uncertainty of recurring operating expenses and explain how to interpret the results. Our analysis is based on the mathematical framework of stochastic processes, which, in finance, are particularly used to describe price series evolutions in capital markets. We apply them to generate variable trajectories of operating costs and integrate them into a Monte Carlo-Simulation of the financial model."
Регионални састанак земаља Источне Европе на тему ЈПП Мјесто и датум: Женева, 30.11.2009. године Документ - DOWNLOAD |