Ukubala of emnothweni izinyathelo ezihlongozwayo njengoba indlela yokubona ukusebenza kokutshalwa

Ukubalwa inzuzo yezomnotho kusukela imisebenzi ehlongozwayo kwenziwe ukuze kutholakale zibheke ngezimali iphrojekthi ethile, ngokuyisisekelo okuyinto ukuze enze inzuzo.

Izinhlobo umphumela kwezomnotho

utshalomali kudinga capital investment ukuze imali eyengeziwe ukuze kufezwe umphumela emphakathini. Esimeni sesibili, emnothweni ayibaleki ngoba umphumela yezenhlalakahle akuhloselwe ukwenza inzuzo.

umphumela Okwezomnotho anganawo ungaba muhle kumbe ube mubi. Ukufeza omuhle umphumela inzuzo eyanele. Ngamanye amazwi, imali imali zimali kufanele futhi iyophakama kuno-inani ukutshalwa kwezimali. Lo mphumela ibizwa ngokuthi inzuzo. Indlela yesibili ukuthola umphumela ozuzisayo akulona izimali ukuthi ukwandisa imali engenayo, nemali yezindleko zokukhiqiza. Indlela enenzuzo kakhulu ukuthola umphumela omuhle - ukwanda izimali bese wehlise izindleko zokuqhuba ibhizinisi.

umphumela omuhle Negative kufinyelelwa lapho izinyathelo ehlongozwayo izindleko idlule izimali. Kulokhu, umphumela kwezomnotho iyobizwa ngokuthi ukulahleka.

Indlela kuhlaziywa umphumela kwezomnotho

Ifomula zakudala ukuthi angakwazi bala umphumela kwezomnotho simiswe ngalendlela lelandzelako:

Efe = D - W * K, lapho

Efe - emnothweni;

D - engenayo noma ukonga kusukela kulo mcimbi;

W - izindleko izinyathelo;

K - factor zokulawula.

isici zokulawula

Ngaphezu welithi "umphumela kwezomnotho" kukhona elinye ihlandla esisetshenziselwa ukunquma zibheke ukutshalwa kwezimali. Lokhu cost-ukusebenza. Ukuze futhi kuyadingeka isici zokulawula. Ibonisa ubuncane kahle eyamukelekayo yephrojekthi utshalomali, okufanele izuzwe for kuhulumeni kanye nomphakathi.

isilinganiso Wokulawula - kuyinto njalo. Inani layo luyehluka kuye ngokuthi umkhakha lapho sisetshenziswa. Inani lale Inkomba zokhahlamba kusuka 0.1 kuya 0.33. Inani eliphakeme - embonini zamakhemikhali, kanye aphansi - ku ezokuthutha. Ngo emkhakheni wezimboni Coefficient normative kuyinto 0,16; ukuhweba - 0.25.

I bakwazi sibalo of emnothweni izinyathelo ezihlongozwayo

umphumela Okwezomnotho ingabalwa ngenxa yanoma yisiphi isikhathi. It kuncike isikhathi esingakanani umcimbi ibalwa. Ukubala of umphumela kwezomnotho yonyaka yenziwa ezimweni lapho umsebenzi odinga ukutshalwa aphethwe noma ingenziwa ungakapheli nonyaka. Njengoba isibonelo, ukukhokhwa amabhonasi abasebenzi ngenxa ukwanda yokuthengisa ngenyanga. Ngakho, ayikho indlela engcono ukuqonda zibheke amabhonasi, kanjani ukubala emnothweni wonyaka. Ifomula kuhlaziywa emnothweni izinyathelo ehlongozwayo Kulokhu kungaba kanje:

Eri = (D1 - D0) * H * K, lapho

• Er - umphumela yonyaka;
• D1 - engenayo emva umcimbi;
• D2 - engenayo ngaphambi imicimbi;
• W - izindleko;
• K - factor zokulawula.

Ngokwesibonelo

Ukuze uzwisise kangcono ukuthi singamlandela kanjani ukuhlola nokufaneleka iphrojekthi utshalomali, kubalulekile ukuba sicabangele isibonelo ekubalweni umphumela kwezomnotho.

Inkampani waziphatha yokukhiqiza nokudayiswa ifenisha. Ukuphathwa uye wakhetha ukunika out amabhonasi abasebenzi uma bathuthukise ikhwalithi yemikhicito. Ngokusho imiphumela izinyathelo ngcono ikhwalithi umkhiqizo inkampani wakwazi uthole dollar ayinkulungwane 100, okuyinto ayizinkulungwane 15 kunakuqala ukwethulwa izinyathelo. Etshaliwe aba yizinkulungwane 8 zamaRandi, kanti isici zokulawula kuyinto 0.25. Ngakho, inzuzo kwezomnotho ibalwa kanje:

Efe = 15 - 0,25 * 8 = 13.

isikhathi eside kodwa ezuzisayo

Ezimweni lapho utshalomali kuyokwenzeka phezu isikhathi eside, ezomnotho umphumela ipharamitha ayikwazi ukubonisa zibheke ngezimali. Kumelwe ngaso sonke isikhathi acabangele izindleko ithuba. Babonakala esimweni lapho zimali kwenza izinqumo ebukhoneni ezinye izindlela. Kulesi simo, izindleko ithuba kubhekwa ukulahlekelwa inzuzo, okuyinto engenza usomabhizinisi, ukube wakhetha enye utshalomali ukukhetha izimali zabo.

Kukhona njalo okungenani eyodwa okunye ukutshalwa kwezimali, kanye kufanele kubhekwe ukuze uthole isithombe more ephelele sibalo emnothweni izinyathelo ezihlongozwayo. Lokhu okunye okungenziwa ebhange. Kulokhu-ke kuyadingeka ukuba acabangele iphesenti idiphozi futhi Isaphulelo engenayo kanye nezindleko.

Kulesi simo, njengoba umphumela kwezomnotho kuyoba inani lamanje. Nokho, uma ukubala inzalo izinzuzo zakudala kwezomnotho enqwabelene ingathathwa zibe akhawunti, kanye nomphumela omuhle yafinyelelwa esimweni lapho ngenzuzo idlula izindleko, esimweni inani lamanje, ngisho inani layo ezimbi kungase kubonise ukuthi izindleko idlule izindleko.

Into ungubani, akusiyo njalo value awunayo kusho inani lamanje we ngokweqile kwemali phezu engenayo. Uma sibalo enqwabelene isithakazelo abavamile, isibonelo, 5%, inani omuhle izindlela ukuthi inzuzo utshalomali ngaphezulu kuka-5%. Uma NPV ilingana 0, bese RIO ncamashi 5%.

Ukuze uqonde ukuthi imisebenzi ehlongozwayo kukhona inzuzo lapho inani lamanje lingaphansi kuka-zero, kubalulekile ukubala inzalo yangaphakathi. Inani omuhle ubonisa inzuzo iphrojekthi, futhi omubi - kungazuzisi. Uma ngabe isandiso 2 iphesenti ukubala ngesilinganiso 5%, investimenti kwabasiza by 2 per cent, kodwa kungaletha ukukhuphuka 3% ngo ukusetshenziswa kwenye yalezi izimali. Ngakho, inani lamanje , ngokungafani kuya isilinganiso cost-ukusebenza yisisombululo ezifanelekayo sokubalwa izimali izinyathelo yokuthuthukisa ibhizinisi, eyenzelwe eside.