Radio spectrum is a scarce resource; understanding its economic value is one piece of information needed to manage it efficiently. Estimating the value of radio spectrum, however, creates significant challenges not found in valuing some other assets. Spectrum is somewhat of a special case; market...

Method discounting cash flow (DCF) is analyzed in the article. Article is demonstrating complete economic insolvency DCF. The fallacy of discounting method causes serious distortion of the results. It’s wide usage entails negative consequences not only for the concrete investor, but also for...

Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment activity results (included is a generalized...

The author examines the methodological problems of using the most important criteria for evaluation of investment projects, based on discounted cash flows. The dependence of the NPV of the project of the price of the invested capital is studied. On its basis the author con-siders the main...

This study sets out to empirically estimate the optimum annual replacement rate and age of cocoa trees in order to maximize the net present value of four common cocoa production systems. The study examines the costs and returns of four common cocoa production systems in Ghana associated with...

This paper is a about two rules used in capital investment decision-making. NVP and IRR incorporate the time value of money using a discount factor based in the firm’s relevant interest rate or cost of capital. Decision-makers clearly prefer IRR to NPV although NPV technique offers more...

Recently, microgrids have attracted considerable attention as a high-quality and reliable source of electricity. In this work energy management in microgrids is addressed in light of economic and environmental restrictions through (a) development of an operational strategy for energy management...

Within the EU regulatory framework, licensees for commercial radio broadcasting may be charged a fee to ensure optimal allocation of scarce resources but not to maximize public revenues. While radio licence renewal occurs in many EU countries, an objective, model-based approach for setting...