Making investment decisions under the conditions of risk and uncertainty - Case study of the National Phosphate Mines Corporation somiphos
Loading...
Files
Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
جامعة المسيلة
Abstract
The aim of the research is to try to understand and analyze the reality of investment decision making in the evaluation of investment projects under the circumstances of risk and uncertainty that can be exposed to any investment project. During the life of the investment project we highlight several factors negatively affect the results of decisions taken on a particular alternative, Finally, a series of unexpected deviations due to the reliance on two fundamental assumptions in the process of trade-offs between the investment proposals, namely, full assurance and the absence of any risk surrounding the project adopted.
The research found that the National Phosphate Corporation is facing the problem of price change risk by estimating studies by simulating the leading institutions in the global market, in addition to its dependence on large phosphate stocks by increasing production and lowering prices to cope with any unlikely situation to cover potential losses.
Therefore, most international institutions are working to understand the various possible cases for the readings that are taken with regard to investment projects. Investment decisions determine the future of the institution at multiple levels, especially in light of the strong competition of international institutions. Is a key supporter of future decisions.
The Algerian institutions are generally subject to the Central Control Authority, which makes their investment decisions have nothing to do with the reality of the institution or the market, especially when it comes to the major investment decisions that have to do with certain countries. They are political decisions before they are investment decisions. Motherland.
Finally, it can be said that the success of the institutions is related to the validity of thedecisions taken in general. This requires an in-house team that connects the various levels in a strong manner, where the favorable conditions and the information necessary to make the correct decisions are provided. that serve the general direction of the state. , And this can be minimized if coordinated with the higher central administrations, especially in the absence of fully correct information in the competitive industrial environment
Description
Keywords
risk, uncertainty, investment decisions, quantitative methods of decision making, somiphos