Avaliação de concessões aeroportuárias através da teoria das opções reais: o caso do Aeroporto de Guarulhos

This work aims to study the airport sector and the Brazilian concession market and create a model for pricing the project from Guarulhos airport. Real data obtained from the concessionaire results and data made public, as inflation and GDP growth, as well as projections based on established premises...

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Detalhes bibliográficos
Autor: Nunes, Marcello Bastos
Formato: tesis de maestría
Estado:Versión publicada
Fecha de publicación:2015
País:Brasil
Recursos:Fundação Getulio Vargas (FGV)
Repositorio:Repositório Institucional do FGV (FGV Repositório Digital)
Idioma:portugués
OAI Identifier:oai:repositorio.fgv.br:10438/14011
Acesso em linha:https://hdl.handle.net/10438/14011
Access Level:acceso abierto
Palavra-chave:Airport
Concession
Aeroporto
Guarulhos
Concessão
Opções reais
Monte Carlo
Real options
Economia
Opções reais (Finanças)
Concessões administrativas
Monte Carlo, Método de
Descrição
Resumo:This work aims to study the airport sector and the Brazilian concession market and create a model for pricing the project from Guarulhos airport. Real data obtained from the concessionaire results and data made public, as inflation and GDP growth, as well as projections based on established premises are used. Different scenarios were considered in order to compare the results, which indicated a significant sensitivity of the model to passenger demand variations and also the flexibility of the investment schedule.