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.
Corporate risk analysis
Concession Revenue Modelling and Forecasting
Concessions are an important source of revenue for all airports. An airport simulation model should therefore be able to give a good forecast of revenue from different types of concessions.
When in doubt, develop the situation
‘Developing the situation’ is the common-sense approach to dealing with complexity. Both as a method and a mind-set, it uses time and our minds to actively build context …
Top Ten Concerns of CFO’s – May 2009
A poll of more than 1200 senior finance executives by CFO Europe together with Tilburg and Duke University ranks the ten top external and internal concerns. High in all regions we find as external concerns; consumer demand, interest rates, currency volatility and competition.
The fallacies of Scenario analysis
Scenario analysis is often used in company valuation – with high, low and most likely scenarios to estimate the value range and expected value – but do they give correct answers?
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.