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Title:Synergies between an observed port and a logistic company : application of the discounted cash-flow model and the Monte Carlo simulation
Authors:Dragan, Dejan (Author)
Rosi, Bojan (Author)
Avžner, Toni (Author)
Files:.pdf Logistics_&_Sustainable_Transport_2017_Dragan,_Rosi,_Avzner_Synergies_between_an_Observed_Port_and_a_Logistic_Company_Application_of_the.pdf (1,22 MB)
MD5: 3571AD2EBDC1EC8FE06058D1AAF26124
URL http://www.degruyter.com/view/j/jlst.2017.8.issue-1/jlst-2017-0001/jlst-2017-0001.xml
Work type:Scientific work (r2)
Typology:1.01 - Original Scientific Article
Organization:FL - Faculty of Logistic
Abstract:The paper addresses an analysis of potential synergies in collaboration between an observed Port in the Mediterranean Sea and Central-European logistic railway-services based company. Both companies have established a strategic partnership. The main motive was cooperation in rail transport, with a particular emphasis on potential synergies that would a rail traffic have brought to a port's business. For the purpose of synergies valuation under uncertain conditions, a Monte Carlo simulation-based framework with integrated discounted cash flow (DCF) model is applied. The possible values of future synergies are calculated via the DCF model by simultaneously changing values of different uncertain financial parameters at each repetition of a Monte Carlo scenario-playing mechanism. In this process, predicted forecasts of future synergetic throughputs are also used for various types of observed cargo. As it turned out, the generated synergies' values follow the approximate normal distribution. Based on statistical inference and analysis of probability intervals it was discovered that there might indeed exist certain important synergies in the collaboration between both companies. This fact has convinced us into a belief in the correctness of companies' decision to enter into such kind of strategic cooperation.
Keywords:port economics, financial management, valuation, discounted cash-flow model, Monte Carlo simulation, logistics
Year of publishing:2017
Number of pages:str. 1-18
Numbering:št. 1, Letn. 8
ISSN on article:2232-4968
COBISS_ID:512846141 New window
DOI:10.1515/jlst-2017-0001 New window
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Record is a part of a journal

Title:Logistics & sustainable transport
Publisher:Fakulteta za logistiko Univerze v Mariboru, De Gruyter Open
COBISS.SI-ID:259554560 New window


License:CC BY-NC-ND 4.0, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
Description:The most restrictive Creative Commons license. This only allows people to download and share the work for no commercial gain and for no other purposes.
Licensing start date:06.07.2017

Secondary language

Keywords:ekonomija pristanišč, finančno upravljanje, vrednotenje, znižani model denarnega toka, simulacija Monte Carlo, logistika


This document is a part of these collections:
  1. Logistics & sustainable transport


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