e^{3}value user manual, first release
Figure 7.1 gives an example of a time series.
Period 0 is the time of investment and we have 0 sales. This leads to a net value flow sheet for period 0 as shown in table 7.4.
In period 1 and later, there are no investments. In period 1 there are 50,000 Travelers, who have a need to travel 10 times. For each trip, they pay f200.. The net value sheet for period 1 is shown in table 7.5.
In period 2, the Railway company attracts more customers, so the market segment Travelers now has 60,000 actors rather than just 50,000. This results in a changed net value sheet for period 2 (table 7.6).
In period 3, the Travelers decide to travel 12 times and not just 10 times (table 7.7).
In period 4, the Railway company has increased the price of a train trip f210. Everything else staying the same in this time series, this results in a net value flow increase for the Railway company as shown in table 7.8.
The net value flow sheets for the periods of the time series in figure 7.1 are shown in tables 7.4 to 7.8.
Each time series as a whole has an interest rate that will be used in DNVF computations. Each actor and market segment can have an interest rate too, in which case the DNVF algorithm takes the interest rate for that actor or market segment.
Using an interest rate of 7%, the discounted net present cash flow of the Railway company is f381,167,241.65. If this is higher than the discounted net present value of investing f50M in riskfree state bonds, then the railway company is worth an investment of f50M. If it is not higher, then this means that the activities of the Railway company do not add any value with respect to an investment in riskfree state bonds.
Interface  Port  Transfers  Transfer occurrences  Valuation  Total value transferred  Net value flow 
traintrip, Money 

 0.00 

 0.00 
 out: traintrip  all  0.00  0.00  0.00 

 in: Money  all  0.00  200.00  0.00 

Investment 



 50 M 

total for actor 




 50 M 

Interface  Port  Transfers  Transfer occurrences  Valuation  Total value transferred  Net value flow 
rain trip, Money 

 500 K 

 100 M 
 out: Train trip  all  500 K  0.00  0.00 

 in: Money  all  500 K  200.00  100 M 

total for actor 




 100 M 

Interface  Port  Transfers  Transfer occurrences  Valuation  Total value transferred  Net value flow 
Money, Train trip 

 600 K 

 120 M 
 in: Money  all  600 K  200.00  120 M 

 out: traintrip  all  600 K  0.00  0.00 

total for actor 




 120 M 

Interface  Port  Transfers  Transfer occurrences  Valuation  Total value transferred  Net value flow 
Train trip, Money 

 720 K 

 144 M 
 out: Train trip  all  720 K  0.00  0.00 

 in: Money  all  720 K  200.00  144 M 

total for actor 




 144 M 

Interface  Port  Transfers  Transfer occurrences  Valuation  Total value transferred  Net value flow 
Money, Train trip 

 720 K 

 151.2 M 
 in: Money  all  720 K  210.00  151.2 M 

 out: Train trip  all  720 K  0.00  0.00 

Total for actor 



 151.2 M 

