METODA LINIARA-SENSIBILITATE

An I VB CH Vnit CH NC VNt Tpf VNdt VN NCF fa NCFA NCFAC

CASH
0 950000 0 0 0 0 0 0 0 0 -950000 1 -950000 -950000
1 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,847457627 210056,5 -739944
2 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,71818443 178014 -561930
3 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,608630873 150859,3 -411070
4 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,515788875 127846,9 -283223
5 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,437109216 108344,8 -174879
6 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,370431539 91817,63 -83060,9
7 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,313925033 77811,55 -5249,36
8 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,266038164 65941,99 60692,63
9 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,225456071 55883,04 116575,7
10 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,191064467 47358,51 163934,2
11 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,16191904 40134,33 204068,5
12 0 575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,137219525 34012,15 238080,7
950000
 Evolutia NCFAC
400000

200000

0
0 2 4 6 8 10 12 14

-200000

-400000 Evolutia NCFAC

-600000

-800000

-1000000

-1200000
RATA DE ACTUALIZARE SI RATA INTERNA DE RETURNARE

RA IRR
18% 24%

30%

25%

20%

15%
Series1

10%

5%

0%
0 0.5 1 1.5 2 2.5
 VALOAREA ACTUALIZATA NETA

Sensibilitate NVP Modif. VB

0 201763 575000
-5% 103665 546250
5% 299862 603750

Sensibilitate NVP Modif. CH

0 201763 295000
-5% 252092 280250
5% 151434 309750

Modificare VB Modificare CH
350000 300000

300000 250000
250000
200000
200000
150000
150000
100000
100000

50000 50000

0 0
-0.06 -0.04 -0.02 0 0.02 0.04 0.06 -0.06 -0.04 -0.02 0 0.02 0.04 0.06

Series1 Series1
 METODA SYD - SENSIBILITATE

CH
I VB CASH Vnit CH NC VNt Tpf VNdt VN NCF fa NCFA NCFAC
950000 0 0 0 0 0 0 0 0 950.000,00 1 -950000 -950000
0 575000 295000 280000 146.153,85 133.846,15 21415,38 112.430,77 258.584,62 258.584,62 0,8474576 219139,505 -730860,4954
0 575000 295000 280000 133.974,36 146.025,64 23364,1 122.661,54 256.635,90 256.635,90 0,7181844 184311,906 -546548,5898
0 575000 295000 280000 121.794,87 158.205,13 25312,82 132.892,31 254.687,18 254.687,18 0,6086309 155010,48 -391538,1095
0 575000 295000 280000 109.615,38 170.384,62 27261,54 143.123,08 252.738,46 252.738,46 0,5157889 130359,687 -261178,4227
0 575000 295000 280000 97.435,90 182.564,10 29210,26 153.353,85 250.789,74 250.789,74 0,4371092 109622,508 -151555,9144
0 575000 295000 280000 85.256,41 194.743,59 31158,97 163.584,62 248.841,03 248.841,03 0,3704315 92178,5641 -59377,35029
0 575000 295000 280000 73.076,92 206.923,08 33107,69 173.815,38 246.892,31 246.892,31 0,313925 77505,6759 18128,3256
0 575000 295000 280000 60.897,44 219.102,56 35056,41 184.046,15 244.943,59 244.943,59 0,2660382 65164,3428 83292,66844
0 575000 295000 280000 48.717,95 231.282,05 37005,13 194.276,92 242.994,87 242.994,87 0,2254561 54784,6691 138077,3375
0 575000 295000 280000 36.538,46 243.461,54 38953,85 204.507,69 241.046,15 241.046,15 0,1910645 46055,3549 184132,6924
0 575000 295000 280000 24.358,97 255.641,03 40902,56 214.738,46 239.097,44 239.097,44 0,161919 38714,4272 222847,1196
0 575000 295000 280000 12.179,49 267.820,51 42851,28 224.969,23 237.148,72 237.148,72 0,1372195 32541,4345 255388,5541
950000

NVP
216.430,98 lei
 Evolutia NCFAC
400000

200000

0
0 2 4 6 8 10 12 14

-200000

Evolutia NCFAC
-400000

-600000

-800000

-1000000

-1200000
 RATA INTERNA DE RETURNARE

IRR
25%

30%

25%

20%

15%
Series1

10%

5%

0%
0 0.5 1 1.5 2 2.5
 METODA LINIARA

CH
VB CASH Vnit CH NC VNt Tpf VNdt VN NCF fa NCFA NCFAC
0 0 0 0 0 0 0 0 -950000 1 -950000 -950000
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,847457627 210056,5 -739944
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,71818443 178014 -561930
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,608630873 150859,3 -411070
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,515788875 127846,9 -283223
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,437109216 108344,8 -174879
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,370431539 91817,63 -83060,9
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,313925033 77811,55 -5249,36
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,266038164 65941,99 60692,63
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,225456071 55883,04 116575,7
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,191064467 47358,51 163934,2
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,16191904 40134,33 204068,5
575000 295000 280000 79166,66667 200833,3 32133,33 168700 247866,7 247866,7 0,137219525 34012,15 238080,7
950000

NPV (VAN)
201763 lei
 RATA INTERNA DE RETURNARE

IRR
25%

30%

25%

20%

15%
Series1

10%

5%

0%
0 0.5 1 1.5 2 2.5
 Evolutia NCFAC
400000

200000

0
0 2 4 6 8 10 12 14
-200000

-400000 Evolutia NCFAC

-600000

-800000

-1000000

-1200000
 METODA SYD

CH
An I VB CASH Vnit CH NC VNt Tpf VNdt VN NCF fa NCFA NCFAC
0 950000 0 0 0 0 0 0 0 0 950.000,00 1 -950000 -950000
1 0 575000 295000 280000 146.153,85 133.846,15 21415,38 112.430,77 258.584,62 258.584,62 0,8474576 219139,505 -730860,4954
2 0 575000 295000 280000 133.974,36 146.025,64 23364,1 122.661,54 256.635,90 256.635,90 0,7181844 184311,906 -546548,5898
3 0 575000 295000 280000 121.794,87 158.205,13 25312,82 132.892,31 254.687,18 254.687,18 0,6086309 155010,48 -391538,1095
4 0 575000 295000 280000 109.615,38 170.384,62 27261,54 143.123,08 252.738,46 252.738,46 0,5157889 130359,687 -261178,4227
5 0 575000 295000 280000 97.435,90 182.564,10 29210,26 153.353,85 250.789,74 250.789,74 0,4371092 109622,508 -151555,9144
6 0 575000 295000 280000 85.256,41 194.743,59 31158,97 163.584,62 248.841,03 248.841,03 0,3704315 92178,5641 -59377,35029
7 0 575000 295000 280000 73.076,92 206.923,08 33107,69 173.815,38 246.892,31 246.892,31 0,313925 77505,6759 18128,3256
8 0 575000 295000 280000 60.897,44 219.102,56 35056,41 184.046,15 244.943,59 244.943,59 0,2660382 65164,3428 83292,66844
9 0 575000 295000 280000 48.717,95 231.282,05 37005,13 194.276,92 242.994,87 242.994,87 0,2254561 54784,6691 138077,3375
10 0 575000 295000 280000 36.538,46 243.461,54 38953,85 204.507,69 241.046,15 241.046,15 0,1910645 46055,3549 184132,6924
11 0 575000 295000 280000 24.358,97 255.641,03 40902,56 214.738,46 239.097,44 239.097,44 0,161919 38714,4272 222847,1196
12 0 575000 295000 280000 12.179,49 267.820,51 42851,28 224.969,23 237.148,72 237.148,72 0,1372195 32541,4345 255388,5541

NVP
216.430,98 lei
 Evolutia NCFAC
400000

200000

0
0 2 4 6 8 10 12 14

-200000

Evolutia NCFAC
-400000

-600000

-800000

-1000000

-1200000
RATA DE ACTUALIZARE SI RATA INTERNA DE RETURNARE

RA IRR
18% 25%

30%

25%

20%

15%
Series1

10%

5%

0%
0 0.5 1 1.5 2 2.5
 UNIVERSITATEA PETROL – GAZE PLOIESTI
FACULTATEA DE INGINERIA PETROLULUI SI GAZELOR
GEOLOGIA RESURSELOR PETROLIERE

PROIECT – ECONOMIA PETROLULUI

Tema:

 I = 800.000 + 10.000m
 VB = 400.000 + 5.000m
 CH = 250.000 + 3.000m
 T = 12 ani
 a = 3 + m (%)
 Metoda de amortizare: liniara + SYD