{"id":221,"date":"2022-03-13T13:06:16","date_gmt":"2022-03-13T10:06:16","guid":{"rendered":"http:\/\/www.vespafiz.com\/?p=221"},"modified":"2022-03-13T13:22:44","modified_gmt":"2022-03-13T10:22:44","slug":"net-bugunku-deger","status":"publish","type":"post","link":"http:\/\/www.vespafiz.com\/index.php\/2022\/03\/13\/net-bugunku-deger\/","title":{"rendered":"NET BUG\u00dcNK\u00dc DE\u011eER"},"content":{"rendered":"\n<p><a href=\"http:\/\/www.vespafiz.com\/index.php\/2022\/03\/13\/nakit-akimlarinin-hesaplanmasi\/\" data-type=\"URL\" data-id=\"http:\/\/www.vespafiz.com\/index.php\/2022\/03\/13\/nakit-akimlarinin-hesaplanmasi\/\">&lt;&lt;&lt; \u00d6NCEK\u0130 SAYFA<\/a><\/p>\n\n\n\n<p>Net bug\u00fcnk\u00fc de\u011fer <strong>paran\u0131n zamana ba\u011fl\u0131 de\u011ferinin sabit olmamas\u0131ndan<\/strong> kaynaklanan bir kavramd\u0131r.<\/p>\n\n\n\n<p>Yat\u0131r\u0131mc\u0131n\u0131n bir yat\u0131r\u0131ma para harcar iken, harcad\u0131\u011f\u0131 o paraya kar\u015f\u0131l\u0131k y\u0131llar itibariyle elde edece\u011fi k\u00e2r\u0131n ne kadar olaca\u011f\u0131n\u0131 paran\u0131n zaman de\u011ferini dikkate alarak hesaplayabilmek \u00fczere geli\u015ftirilmi\u015f bir y\u00f6ntemdir.<\/p>\n\n\n\n<p>Yat\u0131r\u0131m harcamas\u0131n\u0131n yap\u0131ld\u0131\u011f\u0131 zaman ile yat\u0131r\u0131m\u0131n ekonomik \u00f6mr\u00fc boyunca elde edece\u011fi net k\u00e2r\u0131n, kasaya girdi\u011fi zaman dilimleri birbirinden olduk\u00e7a farkl\u0131d\u0131r. Bu nedenle bu y\u0131l yap\u0131lm\u0131\u015f bir yat\u0131r\u0131m harcamas\u0131n\u0131n kar\u015f\u0131l\u0131\u011f\u0131nda, \u00f6rne\u011fin 15 y\u0131lda elde edilecek k\u00e2r\u0131n mukayese edilmesinde, paran\u0131n zaman de\u011ferindeki kayb\u0131n g\u00f6z \u00f6n\u00fcne almadan ger\u00e7ek\u00e7i bir kar\u015f\u0131la\u015ft\u0131rma m\u00fcmk\u00fcn olmayacakt\u0131r.<\/p>\n\n\n\n<p>Di\u011fer bir deyi\u015fle, bug\u00fcn yat\u0131r\u0131ma harcanan paran\u0131n getirisi, bundan sonraki \u00f6rne\u011fin onbe\u015f y\u0131lda ger\u00e7ekle\u015fecektir. Net Bug\u00fcnk\u00fc De\u011fer y\u00f6ntemi bug\u00fcnden sonraki onbe\u015f y\u0131lda elde edilecek getiri toplam\u0131n\u0131n, bug\u00fcn harcanan para ile mukayese edilmesini ayn\u0131 d\u00fczlemde ger\u00e7ekle\u015ftiren analitik bir ara\u00e7t\u0131r<\/p>\n\n\n\n<p>Elde edilecek getirinin bug\u00fcn harcanan para ile mukayese edilirken ayn\u0131 zaman dilimine getirilmesinin iki yolu vard\u0131r.<\/p>\n\n\n\n<ul><li>Birincisi gelecek y\u0131llarda elde edilecek gelirleri bug\u00fcne indirgemek (Net Bug\u00fcnk\u00fc De\u011fer) veya<\/li><li>Bug\u00fcn harcanan yat\u0131r\u0131m tutar\u0131n\u0131 ve elde edilen gelirleri 15 y\u0131l sonras\u0131na y\u00fckseltmek (Bile\u015fik faiz)<\/li><\/ul>\n\n\n\n<p>Her iki y\u00f6ntem de t\u00fcm harcama ve getirileri ayn\u0131 zaman dilimine <em>(yani bug\u00fcne ya da ekonomik \u00f6mr\u00fcn son y<\/em><em>\u0131<\/em><em>l<\/em><em>\u0131<\/em><em>na)<\/em> \u00e7ekmesi nedeni ile kullan\u0131labilir. Ancak mali hesaplamalarda tercih edilen y\u00f6ntem gelecek y\u0131llardaki getirilerin bug\u00fcne \u00e7ekilmesidir. Zira insan zihni i\u00e7inde ya\u015fad\u0131\u011f\u0131 zaman dilimindeki paran\u0131n&nbsp; de\u011ferini, gelecekteki paran\u0131n de\u011ferine oranla daha iyi de\u011ferlendirebilir.<\/p>\n\n\n\n<p>Paran\u0131n zamana ba\u011fl\u0131 olan de\u011feri sabit olsa idi, yat\u0131r\u0131mc\u0131n\u0131n harcad\u0131\u011f\u0131 paran\u0131n ve yat\u0131r\u0131mdan bekledi\u011fi k\u00e2r\u0131n kar\u015f\u0131l\u0131\u011f\u0131 olan para, y\u0131llar itibari ile elde edilecek net nakit farklar\u0131 (C) toplanarak hesaplanabilirdi. Ancak para da zamana kar\u015f\u0131 y\u0131pranan bir unsur oldu\u011fu i\u00e7in, bu hesaplamada paran\u0131n zaman de\u011ferini dikkate almak ka\u00e7\u0131n\u0131lmazd\u0131r.<\/p>\n\n\n\n<p>Net bug\u00fcnk\u00fc de\u011fer hesab\u0131ndaki temel belirleyici paran\u0131n zaman de\u011ferini g\u00f6steren indirgeme oran\u0131d\u0131r.&nbsp; \u0130ndirgeme oran\u0131n\u0131n i\u00e7eri\u011fi ise paran\u0131n zaman de\u011ferindeki a\u015f\u0131nma ve yat\u0131r\u0131mc\u0131n\u0131n o yat\u0131r\u0131mdan bekledi\u011fi k\u00e2r\u0131n bir bile\u015fkesidir. Bu noktada \u015fu soruya cevap vermek gerekir:<\/p>\n\n\n\n<p><em><u>Bir yat<\/u><\/em><em><u>\u0131<\/u><\/em><em><u>r<\/u><\/em><em><u>\u0131<\/u><\/em><em><u>mc<\/u><\/em><em><u>\u0131<\/u><\/em><em><u> a<\/u><\/em><em><u>\u00e7<\/u><\/em><em><u>\u0131<\/u><\/em><em><u>s<\/u><\/em><em><u>\u0131<\/u><\/em><em><u>ndan paran<\/u><\/em><em><u>\u0131<\/u><\/em><em><u>n zaman de<\/u><\/em><em><u>\u011f<\/u><\/em><em><u>erini hangi unsurlar belirler?<\/u><\/em><\/p>\n\n\n\n<p>Paran\u0131n zaman de\u011ferini belirleyen \u00fc\u00e7 unsur bulunur:<\/p>\n\n\n\n<ol type=\"1\"><li>Enflasyon oran\u0131<\/li><li>Paran\u0131n kazanma g\u00fcc\u00fc <em>(yat<\/em><em>\u0131<\/em><em>r<\/em><em>\u0131<\/em><em>mdan beklenen k<\/em><em>\u00e2<\/em><em>r oran<\/em><em>\u0131<\/em><em>)<\/em><\/li><li>Gelece\u011fin olu\u015fturdu\u011fu belirsizlik (<em>Yat<\/em><em>\u0131<\/em><em>r<\/em><em>\u0131<\/em><em>mc<\/em><em>\u0131<\/em><em> nezdinde yat<\/em><em>\u0131<\/em><em>r<\/em><em>\u0131<\/em><em>ma koyaca<\/em><em>\u011f\u0131<\/em><em> paran<\/em><em>\u0131<\/em><em>n girdi<\/em><em>\u011f<\/em><em>i riski g<\/em><em>\u00f6<\/em><em>ze alabilmesini sa<\/em><em>\u011f<\/em><em>layacak art<\/em><em>\u0131<\/em><em> bir oran<\/em>, (<em><u>Eldeki ku<\/u><\/em><em><u>\u015f<\/u><\/em><em><u>\/Daldaki ku<\/u><\/em><em><u>\u015f<\/u><\/em>)<\/li><\/ol>\n\n\n\n<p>Bu \u00fc\u00e7 unsurun bile\u015fkesinden elde edilen ve indirgeme oran\u0131 ya da iskonto oran\u0131 olarak ifade edilen bir oran kullan\u0131larak, yat\u0131r\u0131mdan y\u0131llar itibari ile elde edilen net nakit ak\u0131mlar\u0131 bug\u00fcnk\u00fc de\u011ferine getirilir. B\u00f6ylece bug\u00fcn yat\u0131r\u0131mc\u0131n\u0131n cebinden \u00e7\u0131kacak olan paran\u0131n, y\u0131llar itibariyle elde edece\u011fi k\u00e2r toplam\u0131 da bug\u00fcnk\u00fc de\u011feri ile hesaplanm\u0131\u015f olacakt\u0131r. Di\u011fer bir deyi\u015fle yat\u0131r\u0131lan para ile elde edilecek k\u00e2r toplam\u0131 ayn\u0131 zeminde mukayese edilebilir hale gelecektir.<\/p>\n\n\n\n<p>Net Bug\u00fcnk\u00fc De\u011ferin (NBD) hesaplanmas\u0131nda kullan\u0131lan form\u00fcl a\u015fa\u011f\u0131da verilmi\u015ftir.<\/p>\n\n\n\n<p>NBD= \u03a3P<sub>0<\/sub><\/p>\n\n\n\n<p>P<sub>0<\/sub>= P<sub>n<\/sub> \/(1+i)<sup>n&nbsp;&nbsp;&nbsp; <\/sup>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>P<sub>0<\/sub>= Paran\u0131n net bug\u00fcnk\u00fc cari de\u011feri<\/p>\n\n\n\n<p>P<sub>n<\/sub>= Paran\u0131n <em>(Net Nakit Fark<\/em><em>\u0131<\/em><em>n<\/em><em>\u0131<\/em><em>n)<\/em> n. y\u0131ldaki de\u011feri<\/p>\n\n\n\n<p>n= \u0130\u015fletme y\u0131l\u0131n\u0131n say\u0131s\u0131 <em>(Ekonomik \u00f6m\u00fcr)<\/em><\/p>\n\n\n\n<p>i= indirgeme oran\u0131 <em>(iskonto oran<\/em><em>\u0131<\/em><em>)<\/em><\/p>\n\n\n\n<p>NBD hesab\u0131 bile\u015fik faiz hesab\u0131n\u0131n tersidir.<\/p>\n\n\n\n<p><a href=\"http:\/\/www.vespafiz.com\/index.php\/2022\/03\/13\/basit-ornek-hesaplama\/\" data-type=\"URL\" data-id=\"http:\/\/www.vespafiz.com\/index.php\/2022\/03\/13\/basit-ornek-hesaplama\/\">Sonraki sayfada basit \u00f6rnek bir hesaplama g\u00f6sterilmi\u015ftir. >>><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&lt;&lt;&lt; \u00d6NCEK\u0130 SAYFA Net bug\u00fcnk\u00fc de\u011fer paran\u0131n zamana ba\u011fl\u0131 de\u011ferinin sabit olmamas\u0131ndan kaynaklanan bir kavramd\u0131r. Yat\u0131r\u0131mc\u0131n\u0131n bir yat\u0131r\u0131ma para harcar iken, harcad\u0131\u011f\u0131 o paraya kar\u015f\u0131l\u0131k y\u0131llar itibariyle elde edece\u011fi k\u00e2r\u0131n ne kadar olaca\u011f\u0131n\u0131 paran\u0131n zaman de\u011ferini dikkate alarak hesaplayabilmek \u00fczere geli\u015ftirilmi\u015f bir y\u00f6ntemdir. Yat\u0131r\u0131m harcamas\u0131n\u0131n yap\u0131ld\u0131\u011f\u0131 zaman ile yat\u0131r\u0131m\u0131n ekonomik \u00f6mr\u00fc boyunca elde edece\u011fi net&#8230;<a class=\"read-more-link button\" href=\"http:\/\/www.vespafiz.com\/index.php\/2022\/03\/13\/net-bugunku-deger\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/posts\/221"}],"collection":[{"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/comments?post=221"}],"version-history":[{"count":4,"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/posts\/221\/revisions"}],"predecessor-version":[{"id":268,"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/posts\/221\/revisions\/268"}],"wp:attachment":[{"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/media?parent=221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/categories?post=221"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.vespafiz.com\/index.php\/wp-json\/wp\/v2\/tags?post=221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}