7-8
PBP u
0 ﻭﺃ NPV n
+1
> 0 ﻭﺃ NPV n < 0 ﻁﻭﺮﺸﻟﺎﺑ ﻲﻔﻳ ﻲﺑﺎﺠﻳﺍ ﺢﻴﺤﺻ ﺩﺪﻋ ﺮﻐﺻﺃ :n
.ﺪﻘﻨﻟﺍ ﻖﻓﺪﺘﻟ ﺔﻴﻟﺎﺘﻟﺍ ﺕﻼﺧﺪﳌﺍ ﺔﺷﺎﺷ ﺽﺮﻌﻟ ﺔﻴﻟﺎﳌﺍ 1 ﺔﺷﺎﺸﻟﺍ ﻦﻣ 3(CASH) ﻰﻠﻋ ﻂﻐﺿﺍ
3(CASH)
ﺓﺪﺋﺎﻔﻟﺍ ﻝﺪﻌﻣ ....... I %
ﻱﺪﻘﻨﻟﺍ ﻖﻓﺪﺘﻟﺍ ﺔﻤﺋﺎﻗ ......
Csh
.ﺔﻤﺋﺎﻘﻟﺍ ﻰﻟﺍ ﺕﺎﻧﺎﻴﺑ ﻞﺧﺩﺍ ﻭ
5( 'LIST) ﻰﻠﻋ ﻂﻐﺿﺍ ،ﺔﻤﺋﺎﻘﻟﺍ ﻲﻓ ﺪﻌﺑ ﺕﺎﻧﺎﻴﺑ ﻞﺧﺪﺗ ﻢﻟ ﺍﺫﺍ
.ﺔﻘﺑﺎﻄﺘﳌﺍ ﺔﻴﺑﺎﺴﳊﺍ ﺔﻴﻠﻤﻌﻟﺍ ﺀﺍﺩﻷ ﻞﻔﺳﻷﺎﺑ ﺓﺭﻮﻛﺬﳌﺍ ﺔﻔﻴﻇﻮﻟﺍ ﻢﺋﺍﻮﻗ ﻦﻣ ﺓﺪﺣﺍﻭ ﻡﺪﺨﺘﺳﺍ ،ﺕﻼﻣﺎﻌﳌﺍ ﻦﻳﻮﻜﺗ ﺪﻌﺑ
{ﺔﻴﻓﺎﺼﻟﺍ ﺔﻴﻟﺎﳊﺍ ﺔﻤﻴﻘﻟﺍ} … {
NPV } •
{ﻲﻠﺧﺍﺪﻟﺍ ﺪﺋﺎﻌﻟﺍ ﻝﺪﻌﻣ} … {
IRR } •
{ﺩﺍﺩﺮﺘﺳﻻﺍ ﺓﺪﻣ} … {
PBP } •
{ﺔﻴﻓﺎﺼﻟﺍ ﺔﻴﻠﺒﻘﺘﺴﳌﺍ ﺔﻤﻴﻘﻟﺍ} … {
NFV } •
{ﺔﻤﺋﺎﻗ ﻰﻟﺍ ﺕﺎﻧﺎﻴﺒﻟﺍ ﻝﺎﺧﺩﺇ} … {
'LIST } •
{ﺕﺎﻧﺎﻴﺒﻟﺍ ﻝﺎﺧﺩﻻ ﺔﻤﺋﺎﻗ ﺪﻳﺪﲢ} … {
LIST } •
.ﺢﻴﺤﺻ ﻞﻜﺸﺑ ﺕﻼﻣﺎﻌﳌﺍ ﻦﻳﻮﻜﺗ ﻢﺘﻳ ﻢﻟ ﺍﺫﺍ ﺄﻄﺧ ﺙﺪﺤﻳ •
.ﺔﻴﺑﺎﺴﳊﺍ ﺔﻴﻠﻤﻌﻟﺍ ﺞﺋﺎﺘﻧ ﺕﺎﺷﺎﺷ ﲔﺑ ﺓﺭﻭﺎﻨﻤﻠﻟ ﺔﻴﻟﺎﺘﻟﺍ ﺔﻔﻴﻇﻮﻟﺍ ﻢﺋﺍﻮﻗ ﻡﺪﺨﺘﺳﺍ
{ﺕﻼﻣﺎﻌﳌﺍ ﺕﻼﺧﺪﻣ ﺔﺷﺎﺷ} … {
REPEAT } •
{ﻲﻧﺎﻴﺒﻟﺍ ﻢﺳﺮﻟﺍ ﻢﺳﺭ} … {
GRAPH } •
ﺔﻴﺑﺎﺴﳊﺍ ﺔﻴﻠﻤﻌﻟﺍ ﺞﺋﺎﺘﻧ ﺓﺀﺍﺮﻗ ﻭ ﻊﺒﺘﺗ ﻞﻴﻐﺸﺘﻟ
!1(TRACE) ﻰﻠﻋ ﻂﻐﻀﻟﺍ ﻚﻨﻜﳝ ،
ﹰ
ﺎﻴﻧﺎﻴﺑ ﻢﺳﺮﻟﺍ ﻢﺳﺭ ﺪﻌﺑ
.ﻲﻧﺎﻴﺒﻟﺍ ﻢﺳﺮﻟﺍ ﻝﻮﻃ ﻰﻠﻋ
.ﺕﻼﻣﺎﻌﳌﺍ ﺕﻼﺧﺪﻣ ﺔﺷﺎﺷ ﻰﻟﺍ ﺓﺩﻮﻌﻠﻟ
J ﻂﻐﺿﺍ
NPVn =
Σ
n
k
= 0
CFk
(1 + i)
k
PBP =
{
0 .................................. (CF0 > 0)
n –
NPV
n
NPVn+1 – NPVn
(ﻩﻼﻋﺍ ﺓﺭﻮﻛﺬﳌﺍ ﻚﻠﺗ ﻦﻋ)
...
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