An additional 4-day session of this course has been added: August 31 - September 3, Registration is open now! About this course Organized for managers, engineers, geologists, landmen, scientists, accountants, and others concerned with evaluating investments, this course relates to the economic analysis of income producing and service producing investments using discounted cash flow analysis criteria and procedures. The course covers economic analysis techniques used to optimize the development and operation of mining, petroleum and non-natural resource production and processing operations. Stermole, John M.
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Stermole, age 57, is President of Investment Evaluations Corporation. He received a B. John has taught at Mines since In John was appointed as a Fellow to the Institute for Global Resources Policy and Management at the Colorado School of Mines where his work focused on modeling mining taxation sensitivity for over 20 countries. Wednesday: Time Value of Money, Discount Rates and Decision Criteria: Chapters You will learn to apply the concepts of time value of money in calculating rate of return internal rate of return , net present value, ratios and other criterion.
Other topics include understanding calculator and spreadsheet functions, graphical approaches illustrating the meaning of decision criteria and common methods used to determine an appropriate discount rate.
Evaluating service producing alternatives will be presented including cost analysis and incremental calculations. Thursday: Application of Decision Criteria, Inflation: Chapters The application of decision criteria to mutually exclusive and non-mutually exclusive alternatives will be reviewed.
This discussion will also introduce related problems concerning cash flow streams, exhibiting a cost-income-cost pattern and the subsequent dual rates of return and the meaning of economic results.
Application of inflation as it relates to escalated or current and constant or real dollar analyses will be introduced. Friday Morning: Inflation, Risk, Sensitivity Analysis, and After-Tax Cash Flow: Chapters Continued discussion on inflation will focus on understanding how this important parameter may impact the type of dollars and the appropriate discount rate in escalated and constant dollar calculations.
Sensitivity analyses addressing uncertainty are explored along with an introduction to quantify risk through expected value calculations. The course is structured around an open discussion of examples followed by problem solving related to the example material.
Students should bring paper, pencil and calculator to class each day. Smart phone apps are available for this model at very modest prices. Laptops with Excel represent and equally viable alternative for problem solving. Networking Event Stay tuned for more information regarding a networking event.
For questions regarding, registration or the workshop, please contact our Administrative Assistant: Denyse Leroy.
Investment Evaluations Corporation
About this course...
Economic evaluation and investment decision methods