|
|
Digital
Library of the European Council for Modelling and Simulation |
|
Title: |
Scenario-Based Simultaneous
Investment, Financing And Operational Planning |
|
Authors: |
Mike
Steglich |
|
Published in:
|
2020). ECMS 2020 Proceedings
Edited by: Mike Steglich, Christian Muller, Gaby
Neumann, Mathias Walther, European Council for Modeling and Simulation. DOI: http://doi.org/10.7148/2020 ISSN:
2522-2422 (ONLINE) ISSN:
2522-2414 (PRINT) ISSN:
2522-2430 (CD-ROM) ISBN: 978-3-937436-68-5 Communications of the ECMS , Volume 34, Issue 1, June 2020, United Kingdom |
|
Citation
format: |
Mike Steglich
(2020). Scenario-Based Simultaneous Investment, Financing And Operational
Planning, ECMS 2020 Proceedings Edited By:
Mike Steglich, Christian Mueller, Gaby Neumann,
Mathias Walther European Council for Modeling and Simulation. doi: 10.7148/2020-0280 |
|
DOI: |
https://doi.org/10.7148/2020-0280 |
|
Abstract: |
Investment,
financial as well as operational decisions influence each other and may lead
to suboptimal decisions if decided separately. Nevertheless, they are often
dealt with separately, both in literature and in practice, or they are
considered under rather unrealistic assumptions. This paper describes a new
approach for simultaneous investment, financial and operating planning. It is
an approach under uncertainty considering different scenarios with given
probabilities taking into account individual risk preferences on the basis of
suitable criteria like the von Morgenstern-Neumann expected utility. It
contains the choice of different investment alternatives and their
disinvestment, different financing alternatives as well as the determination
of the sales and production quantities on the basis of a mixed-integer linear
programme with the aim of maximising
the net present value (NPV) of periodical project dividends. |
|
Full
text: |
|
