Working Capital Strategy
The annual “REL/CFO Working Capital Survey” made its debut in 1997. The magazine identifies working capital management as one of the key issues facing financial executives in the 21st century …
Balance sheet and P&L simulation
Stochastic Balance Simulation
We know that forecasts based on average values are on average wrong. In addition deterministic models will miss the important dimension of uncertainty – that gives both the different risks facing the company and the opportunities they produce.
The Case of Enterprise Risk Management
Traditionally, when estimating costs, project value, equity value or budgeting, one number is generated – a single point estimate.
A short presentation of S@R
Most companies have some sort of model describing the company’s operations. They are mostly used for budgeting, but in some cases also for forecasting cash flow and other important performance measures.
The Value of Information
Enterprise risk management (ERM) only has value to those who know that the future is uncertain. Businesses have three key needs: First, they need to have a product or service that people will buy. They need revenues. Second, they need […]
WACC, Uncertainty and Infrastructure Regulation
Calculating Wacc for a company for a number of years into the future is not a trivial task. Wacc is no longer a single value, but a time series with values varying from year to year.