Analysis of economic-financial viability, by the monte carlo method, in service provider of non-destructible tests: case study

Abstract

This work aims to present the economic-financial feasibility, through the application of the Monte Carlo Method, to assist managers in the decision making regarding the investment of a service contract of a company specialized in Non-Destructive Tests, with the tests of Penetrant Liquid and Ultrasound, to which the company that takes the service establishes the requirements previously. The method was apply, in 5000 iterations, from the established parameters, for the initial investment and demand of the test diaries, which provided data regarding the average for the Net Present Value (NPV), Internal Rate of Return (IRR) and Profitability Index (PI), as well as the possible standard deviations, established by the coefficient of variation. Finally, after analyzing the data, it was check that the Method is useful to assist in the making of investment decisions, being feasible the adherence of the contract studied, through the analyzed data and established criteria.

Economic viability analysis of mechanization in broiler chicken harvesting

“…This indicates why it is necessary to carry out a risk analysis to measure the extent of the effects. For this, two methods are the most used, the first is the analysis of scenarios and the second is the Monte Carlo simulation (Souza and Brandalise, 2020).…”

“…This method uses computational tools to simulate future scenarios based on variables whose values are randomly generated within a probability of distribution. These random variables are called stochastic (Souza and Brandalise, 2020).…”