Airport Simulation
The basic determinant of an airport’s economics is the passenger forecast. It is the basis for estimation of aircraft movements, investment in terminal buildings, traffic charges, tax free sales etc.
February, 2009
Budgeting
Budgeting involves personal judgments about future values of large number of variables that describes the nature of the business.
Fish farming
When we in 2002 were asked to look into the risk of Cod fish farming, we had to start with the basics; how do cod feed and grow at different locations and what is the mortality at the same locations.
What is the correct company value?
The only concept which has gained universal acceptance by economists is that the value of an asset is determined by the expected benefits it will generate …
Investment analysis
An important part of the investment analysis is cost. Especially in complex and demanding projects, there is significant risk related to investing.
The Probability of Gain and Loss
Every item written into a firm’s profit and loss account and its balance sheet is a stochastic variable with a probability distribution derived from probability distributions for each factor of production.