Intlawulo yangaphakathi yokubuyisela

Ireyithi yangaphakathi yokubuyisela i- IRR yenye yezona zikhokelo eziphambili zokutsaliswa kotyalo - mali lwesicwangciso soshishino. Kulo lathisi qaphele uhlalutyo lwaluphi na isicwangciso soshishino. Umgangatho wangaphakathi weenzuzo kwi-essence yezoqoqosho kubunjalo bomlinganiselo wenzala phantsi kwimeko apho imali engenayo iya kulingana neyezimali ezichithwe. Ngamanye amazwi, le yinqanaba lokuhlawula, elilingana neendleko zeprojekthi. Esi sibonakaliso sikuvumela ukubala inani lemali ephezulu apho imali etyalomali kwiprojekthi inokubuyiselwa.

Inqanaba langaphakathi lokubuyisela lichongiwe ngeenkqubo zeekhompyutheni ezikhethekileyo okanye kubabala bezimali.

Kwakhona, eli phesenti linokubalwa ngokulinganisa, ngokufaka indawo yamanani amaninzi okuphuhlisa isilinganiselo. Kule njongo kulungile ukusebenzisa isixhobo "Ukukhethwa kweParameter", eyakhelwe kwi-Microsoft Excel.

Xa isalathisi sezinga langaphakathi lokubuyela kweprojekthi lidlula ubuninzi botyalo-mali olucetywayo okanye ubuncinane lilingana nalo, iprojekthi enjalo iyakwamkelwa kwaye iqwalaselwa njengethemba. Yaye xa i-IRR ingaphantsi kwenkunzi etyalomali, iphrojekthi iyalahlwa ngenxa yokulahleka.

Ngaloo ndlela, sinokuqwalasela izinga langaphakathi lokubuyisela njengoluhlobo lwesithintelo kwiiprojekthi ezinobungozi okanye abo banenzuzo ephantsi.

Nangona kunjalo, lo mgaqo usebenza kuphela kwizinga lokubuyela. Kukho iiprojekthi ezibangelwa ukulahleka ekuqaleni. Kodwa ke, emva kwexeshana, baya kukwazi ukuzineliseka kwaye baqale ukwenza inzuzo engunaphakade. Kule meko, kuya kufuneka ube nesigulane ukufumana umphumo omuhle kwiimali zokutyalomali.

Ukongeza, kukho iiprojekthi ezibandakanya ingeniso engalinganiyo yezemali ngamaxesha alinganayo. Kule meko, i-IRR imiselwe ngokusemthethweni, kuba ufuna ukufumana iphesenti eya kubakho kwixabiso elikhoyo langoku. Okokuthi, akukho ukukhula kwindleko yoshishino, kodwa ixabiso layo aliwa.

Intlawulo yangaphakathi yokubuyiswa njengendlela yokubonisa i-economic ineziphumo zayo ezilungileyo nezimbi. Inzuzo ye-IRR kukuba, ngaphezu kokubala kwinqanaba lentlawulo, kukuvumela ukuba uqhathanise iiprojekthi zexesha elide kunye neyure ehlukeneyo. Xa uthelekisa, sebenzisa iiparitha eziphambili:

Nqanaba lomngcipheko;

Ixesha lokusetyenziswa kweprojekthi ;

- imali etyalomali.

Nangona kunjalo, isibonakaliso se-IRR sinezinto ezintathu ezingalunganga.

Okokuqala, ekubaleni kucingelwa ukuba izinga apho uphuculo lwezimali oluhle luphinde lwavunwa lilingana nezinga langaphakathi lokubuyisela. Kwimeko apho isibonakaliso se-IRR siseduze nesantya sokubuyiswa kwe-shishini, oku akukhokelela kwiingxaki. Umzekelo, isalathisi se-IRR yesicwangciso soshishino esityebileyo sinokulingana nama-70%. Oku kuthatha ukuba yonke ingeniso evela kwiprojekthi iya kubuyiselwa kwakhona kwisantya se-70%. Nangona kunjalo, amathuba okuba ifom ebenamathuba emali anyaka-mali anikezela ngenzuzo kwinqanaba elikhankanywe kakhulu. Kwiimeko ezinjalo, izinga langaphakathi lokubuyiselwa kweprojekthi lixhomekeke kwisiphumo sotyalo-mali. Ukujongana nalokhu kungaphumeleli, isalathisi sezinga le-MIRR isingenakubalwa.

Ingqungquthela yesibini yinkxalabo ekunqumeni inani lemali yengeniso-mali ngokwemigqaliselo (i-dollar, i-ruble).

Okwesithathu, ukuba isicwangciso seshishini sichaphazela ukutshintsha ukuhamba kwemali, ngoko kukho ukuphakama okuphezulu kokubala ixabiso le-IRR elingalunganga.

Kufuneka kukhunjulwe ukuba xa usebenzisa i-IRR, kuphela ezo projekthi zokutsalwa kwezimali ezihlalutyiweyo ezifunyenwe ngendleko, oko kukuthi, umyinge wemali engenayo kwiindleko ezingaphezu kwe-1. Ixabiso le-IRR kufuneka lifaniswe nomyinge wenzalo, kwaye xa kulungiswa i-IRR, izilungiso zerhafu, ukunyuka kwamaxabiso kunye nobungozi Iprojekthi.