biznes-gegmis SemuSavebis praqtikuli sakiTxebi da amocanebi
biznes-gegmis SemuSavebis praqtikuli sakiTxebi da amocanebi
biznes-gegmis SemuSavebis praqtikuli sakiTxebi da amocanebi
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diskontirebi<strong>da</strong>n Semosuli saerTo Tanxa, romelic obieqtis investirebiT<br />
Semova, aRniSnulia E asoTi <strong>da</strong> ewodeba Semosavali investiciebi<strong>da</strong>n.<br />
xolo, Tu am Semosavli<strong>da</strong>n gamovricxavT investirebadi obieqtis SeZenaze<br />
gaweul <strong>da</strong>naxarjebs, miviRebT kapitalis diskontirebul Rirebulebas (kapitalis<br />
wmin<strong>da</strong> Rirebuleba K ), rogorc mocemuli SemTxvevi<strong>da</strong>n Cans, Tu<br />
( K >0), maSin investicia momgebiania.<br />
zoga<strong>da</strong>d, kapitalis diskontirebuli Rirebulebis meTodis gamosayeneblad<br />
SegviZlia vixelmZRvaneloT Semdegi formuliT:<br />
l1<br />
− a1<br />
E =<br />
( 1+<br />
j)<br />
1<br />
l2<br />
− a<br />
+<br />
( 1+<br />
j)<br />
n<br />
2<br />
ln<br />
− a<br />
+ ........ +<br />
( 1+<br />
j)<br />
n<br />
n<br />
R<br />
+<br />
( 1+<br />
j)<br />
Tu wmin<strong>da</strong> Semosavali yoveli wlis bolos ucvleli <strong>da</strong>rCeba, e.i. l 1 − a1<br />
= c<br />
(mudmivi nazrdi), maSin marTebuli iqneba Semdegi toloba:<br />
n<br />
( 1+<br />
j)<br />
−1<br />
R<br />
E = C + n<br />
j(<br />
1+<br />
j)<br />
( 1+<br />
j)<br />
K = E −<br />
A0<br />
2.4 <strong>da</strong>naxarjebis wrfivi modeli<br />
warmoebasTan <strong>da</strong>kavSirebiT arsebobs mudmivi <strong>da</strong> cvalebadi <strong>da</strong>naxarjebi.<br />
mudmivi <strong>da</strong>naxarjebi ar icvleba warmoebis moculobis cvlilebis proporciulad.<br />
es <strong>da</strong>naxarjebi mudmivia warmoebis gaCerebis SemTxvevaSic ki. ase-<br />
Tebia: ZiriTadi saSualebebis amortizacia; procenti kreditze, saijaro<br />
ga<strong>da</strong>saxadi, <strong>da</strong>zRvevis xarjebi.<br />
cvalebadi <strong>da</strong>naxarjebi izrdeba warmoebis moculobis gadidebis, xolo<br />
mcirdeba warmoebis moculobis Semcirebis proporciulad, radgan mewarmem<br />
un<strong>da</strong> iyidos meti nedleuli, masalebi, <strong>da</strong>iqiravos meti muSa xeli <strong>da</strong> a.S. ase-<br />
Tebia: <strong>da</strong>naxarjebi nedleulze, masalebze, wyalze, saTbobze, eleqtroenergiaze,<br />
<strong>da</strong>naxarjebi TanamSromlebis Sromis anazRaurebaze, <strong>da</strong>naricxebi, <strong>da</strong>naxarjebi<br />
remontze, ga<strong>da</strong>saxadebi.<br />
produqciis erTeulis TviTRirebulebas gavigebT Tu saerTo <strong>da</strong>naxarjebs<br />
SevafardebT produqciis moculobasTan. mag. TeTri/kvtsT, TeTri/m 3 a.S.<br />
sabolood ganisazRvreba produqciis sabiTumo <strong>da</strong> sarealizacio fasi.<br />
prduqciis sabiTumo fasi gulisxmobs: sawarmoo <strong>da</strong>naxarjebs plus mogebis<br />
norma. sarealizacio fasi yalibdeba sabiTumo fasis bazrze: sabiTumo fass<br />
155<br />
n<br />
n