Teoria das opções reais aplicada a projetos de investimento em prestação de serviços de tecnologia da informação

O objetivo desta tese é analisar a aplicação da Teoria das Opções Reais (TOR) como método para avaliação de projetos de investimentos em prestação de serviços de Tecnologia da Informação (TI), comparando seus conceitos e características, com o método tradicional do cálculo do Valor Presente Líquido (VPL). O estudo apresenta os conceitos básicos, e ilustra através de exemplo numérico, o método de avaliação da TOR aplicado a projetos de prestação de serviços de TI, analisando criticamente suas características, vantagens e limitações. Por meio desta tese, pretende-se mostrar que a Teoria das Opções Reais é uma alternativa mais adequada do que o método do VPL como método de avaliação de projetos de investimentos em serviços de Tecnologia da Informação, integrando estratégia e finanças, ao considerar as opções de flexibilidade operacionais - adiar, expandir, contrair, abandonar, etc. - e o posicionamento estratégico da empresa, ao longo da vida útil do projeto de investimento; opções estas, que não são devidamente tratadas pelo método tradicional do VPL.

Fatores críticos de sucesso na gestão das AABBS - Associações Atléticas Banco do Brasil

Este trabalho procura compreender quais são os fatores criticos de sucesso na gestão das AABBs - Associações Atleticas Banco do Brasil Com 1.267 unidades espalhadas por todo o território nacionaL as AABBs constituem uma das maiores redes de clubes ligados a uma única empresa - no caso. o Banco do Brasii - de todo o mundo Para realizar a taret~l foi util izado o referencial teórico da perspectiva teórico-critica da Escola de Frankfun. mais especificamente as contribuiçôl's de jllrgen Haberma". da segunda geração frankfuniana Foram le\'adas em conta as cmicas de Habermas à racio/lalidade "'.\lrll/l1<:lIlal e o conceiro dele de raâol1ul/(lade COl1llllÚCalll'U, em conexão com as noções de açào gerel/nul nlOnoláglclI e a~ilo gerencial dialriglca desell\ol\'idas por Fernando Tenório As opiniões de três segmentos principais embasam o presente estudo: associados das AABH.\, admilli,\/rl1dorcs do !JUIlCO do !Jrasti e dirigentes das A.A!J!Js A panir desses pontos de vista procurou-se detinir o que caracteriza sucesso na gestão dos clubes: quais são os tipos de racionalidade. de ação gerencial e de práticas administrativas que predominam nas AAB85: como é vista e utilizada a infra-estrutura das associações: como o relacionamento dos dirigentes dos clubes com os administradores do Banco do Brasil e com a Federação Nacional das AABBs - Fenabb impacta a "ida das associações. e de que forma se dá o processo de comunicação das AABBs com os seus associados Os resultados do estudo podem contribuir para a melhoria dos processos de gestão das AABBs. além de subsidiar as pesquisas sobre a atuação de outras entidades de natureza semelhante.

"O milagre dos manauaras": Zona Franca de Manaus: (uma análise do processo de industrialização implantado em Manaus e da universidade como formadora da mão-de-obra especializada)

O que se pretende neste trabalho ,.. e examinar o processo de industrialização implantado em Manaus com a re formulação da Zona Franca e o papel desempenhado pela universidade como formadora de mão-de-obra qualificada para este processo. Tentou-se desenvolver uma análise que fosse capaz de situar o profissional de nível superior nas ig dústrias da Zona Franca levando-se em consideração a per - cepção de uma contradição bastante evidente. Se por um la do, Zonas Francas são· espaços industriais enclavados, onde empresas multinacionais podem importar livremente matérias primas ou produtos semi-acabados para processá-los e reexportar; por outro lado, como este processo consiste,em sua grande parte, em algumas operações de rotina, sobretudo de solda ou de montagens microscópicas por mão-de-obra barata e semi-qualificada, profissionais de nível superior se tor nam desnecessários.

Memória e cultura: os Fulni-ô afirmando identidade étnica

Ce travail s agit du processus d´affirmation de l´identité Fulni-ô et de la mobilisation ethnique du groupe qui sont organisées et maintenues en bénéfice de leurs droits; ceux-ci consistent en la reconnaissance comme indiens devant la société et leurs droits sur le territoire. Le groupe est situé dans la municipalité d´Águas Belas, localisé entre l´ agreste et le sertão de l´état du Pernambuco. Ce sont, en moyenne, 3.676 indiens qui présentent comme signes d´identification ethnique: le Yathê, langue spécifique du groupe qui continue à être utilisée au quotidien; l´Ouricuri, terme qui désigne le rituel qui a lieu pendant le printemps et pendant des périodes spécifiques de l´année; le Toré, danse commune aux indiens du Nordeste. La mémoire et la matière culturelle sont les signes de mobilisation ethnique sélectionnés par les Fulni-ô pour favoriser l´affirmation de leur identité et la protection de leurs droits. Cet aspect sera traité tout au long de ce travail. La mobilisation ethnique est permanente, les Fulni-ô ne cessent d´utiliser des moyens qui peuvent les aider à vivifier leur identité et à protéger l´intégrité de leur territoire. Au travers de la mémoire ou grâce à l´utilisation de signes et de symboles ethniques (comme la langue, le rituel religieux et le Toré) ils consolident l´idée qu´ils sont indiens en même temps qu´ils établissent et défendent leurs frontières ethniques et physiques

Effect of Diets on Biology of Abaris basistriata and Selenophorus seriatoporus (Coleoptera: Carabidae)

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Mídia e produção de sentido: a reconfiguração da indústria da música e as estratégias discursivas da associação cultural DoSol

This dissertation aims to analyse discursive strategies from Dosol in order to understand the present elements to keep its audience and the marketing activities. Based on French line of discourse analysis We look into the articles posted on its website at http://www.dosol.com.br within 2010 and We foment dialogues among music, media and communications researchers. Participant observation is slightly used on the critical perception and views of researched object to confront situations and step up, with theorists, the major part of closing remarks. The obtained results indicate a website speech paved on afirmative policies and social capital, trying to keep/seduce its audience with the efect of the intended credibility meaning. The economic factor wanders the speech so often that the speaker assumes a entrepreneur/cultural producer. As a niche market, Dosol assumes a main role in music industry for releasing the regional and local cultural production. On the other hand, it is noticeable that its sustainability and media visibility, as it is seen today, depends on the laws tor promote Culture, what denotes a lack of a regional cultural policies to medium and long term at Rio Grande do Norte

Classification of states in S0(8) proton-neutron pairing model

lsoscalar (T = 0) plus isovector (T = 1) pairing Hamiltonian in LS-coupling. which is important for heavy N = Z nuclei, is solvable in terms of a SO(8) Lie algebra for three special values of the mixing parameter that measures the competition between the T = 0 aid T = 1 pairing. The SO(8) algebra is generated, amongst others, by the S = 1, T = 0 and S = 0, T = 1 pair creation and annihilation operators and corresponding to the three values of the mixing parameter, there are three chains of subalgebras: SO(8) superset of SOST (6) superset of SOS(3) circle times SOT(3), SO(8) superset of [SOS(5) superset of SOS(3)] circle times SOT(3) and SO(8) superset of [SOT(5) superset of SOT(3)] circle times SOS(3). Shell model Lie algebras, with only particle number conserving generators, that are complementary to these three chains of subalgebras are identified and they are used in the classification of states for a given number of nucleons. The classification problem is solved explicitly tor states with SO(8) seniority nu = 0, 1, 2, 3 and 4. Using them, hand structures in isospin space are identified for states with nu = 0, 1, 2 and 3. (c) 2005 Elsevier B.V. All rights reserved.

O modelo de injeção de potência do TCSC e sua aplicação no estudo da estabilidade a pequenas perturbações

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

The Netherlands Antilles: trade and integration with CARICOM

Introduction The Netherlands Antilles is an autonomous entity within the Kingdom of the Netherlands and comprises a federation of five Caribbean islands: Bonaire and Curacao (the Leeward islands) which comprise 80 per cent of the population of 211,000 and Saba, St. Eustatius and the southern part of St. Maarten (the Windward islands). Like the other countries in the Kingdom, it enjoys full autonomy in internal matters as, for example, education, public health, justice and customs. It has a per capita income of about US$ 12,000. The Leeward Islands and the Windward Islands account for about 75 per cent (Curacao (70 per cent) and Bonaire (5 per cent)) and 25 percent respectively of the economy of the Netherlands Antilles. The Netherlands Antilles has its own currency, the Netherlands guilder, which is pegged to the United States dollar at a fixed rate since 1971. The economy has some unique features that stem from its close relations with the Netherlands, its undiversified nature and heavy dependence on tourism, offshore finance, oil refining and shipping, the high share of trade (exports of goods and services of about 75 per cent of GDP), its geographical characteristics, its common border with the French Republic on St. Maarten, its duty-free access for imports from Aruba, its de facto free trade zone (FTZ), partial dollarization, especially for the Windward Islands, and its highly regulated labor market (1). Adverse economic shocks in the last two decades affected particularly the offshore financial sector and the oil refinery and, to a lesser extent, tourism. The repeal of withholding taxes in the United States in the 1980s indirectly caused the collapse of a number of highly profitable offshore financial activities in Curacao, leading to significant drops in government revenue and contributions to foreign exchange earnings. The withdrawal of Shell from Curacao in 1986 and the (temporary) closure of the oil refinery which had been a mainstay of the Curacao economy for almost three quarters of a century was the second major shock. It was subsequently leased to the Venezuelan State Company, Petroleos de Venezuela Sociedad Anonima (PDVSA), which resumed operations and preserved employment. In the 1990s, the Windward Islands were bit by several devastating hurricanes, which destroyed much of the economic infrastructure on the islands, including about half of the number of available hotel rooms in St Maarten. Further negative shocks were related to the discontinuation of certain trade privileges on European markets for Overseas Countries and Territories (OCTs), the withdrawal by the Netherlands of certain tax privileges for Dutch pensioners residing in the Netherlands Antilles and disruptions in the availability of Solidarity Fund resources for the smaller islands. National income has been on the decline since 1997. GDP declined by about 6 per cent between 1997 and 1999. Underlying fiscal imbalances and structural weaknesses have also impacted negatively on the economy. In recent years, with recession high unemployment and migration have been experienced (2). The Netherlands Antilles has been able to survive thanks to additional aid from the Netherlands, large-scale spontaneous emigration (mostly to the Netherlands), some drop in international reserves, an increase in domestic debt and arrears and reduced outlays for the maintenance of public assets. From 1986 onwards, successive efforts at restoring macroeconomic balance, particularly with regard to public finance, were made, but were unsuccessful. Adjustment was also attempted in 1996 and 1997, but failed to meet the desired targets. In 1999, the government launched a new National Recovery Plan" (NRP). The NRP contains important medium-term structural adjustment measures aimed at restoring macroeconomic balance and conditions for revitalizing the economy. The NRP subsequently served as an important input into a comprehensive adjustment plan drawn up with the assistance of the International Monetary Fund (IMF) and reflected in the government's Memorandum of Economic Policies dated 15 September 2000. Beyond restoring macroeconomic balance and reforming the economic incentive framework, the government aims at establishing a Comprehensive Development Framework (CDF) for the formulation and implementation of a sustainable long-term growth strategy. It is against the above background that this study is undertaken. Its main objective is to assess the integration options facing the Netherlands Antilles (3) vis-a-vis the Caribbean Community (CARICOM). A secondary objective is to examine the above taking into account, inter alia, the level of trade between the Netherlands Antilles and CARICOM, the barriers to trade between the two groups of countries and the requirements for increasing trade between the two groups of countries. The Consultant was given an initial Draft Terms of Reference (Annex 1) with the intention of modifying it in the course of the interviews with all the stakeholders. The main idea that emerged from these interviews was a concern with some possible form of association with CARICOM. The Consultant was asked to exam the costs and benefits of various forms of association and to recommend an option. This adjustment of the Terms of Reference (TOR) was substantial and involved the Consultant having to do some interviews and collect documentation in CARICOM. The study essentially revolves around the search for a road map for the Netherlands Antilles. It is tackled in the first instance by describing the existing system of trade of the Netherlands Antilles with a view to determining the import and export structures and the specific nature and extent of trade in goods and services between the Netherlands Antilles and CARICOM. 1 Netherlands Antilles: Elements of a Strategy for Economic Recovery and Sustainable Growth. Interim Report of the World Bank Mission, 5-20 December 2000. 2 IMF, IMF Country Report No. 01/73 Kingdom of the Netherlands-Netherlands Antilles-Recent Development, Selected Issues and Statistical Appendix. May 2001 3 The Netherlands Antilles is a country within the Kingdom of the Netherlands. It contains five islands. Curacao and Bonaire (Leewards) and St Eustatius, Saba and St Maarten (The Windwards)"