Based on risk-value models we introduce a multi-period approach to the valuation of streams of risky cash flows. The valuation is based on the (expected) value of the output's or input's magnitude and the risk of the output cash flow, as captured by a risk measure. We derive three formulae for...

We extend risk-value models for valuing streams of risky cash flows by introducing the well-known concept of terminal value (based on the application of the perpetuity formula) in this context, where it cannot be used straight forward. For a constant growth assumption we are able to derive upper...