Modelo de valoración y comparación de empresas

Proyecto de graduación (Maestría en Administración de Empresas con énfasis en Finanzas) Instituto Tecnológico de Costa Rica, Escuela de Administración de Empresas, 2014.The companies SIEMENS and EATON, they are companies that belong to a same industry and engaged in the technological area. The information used in this paper is only for academic purposes and it was generated through the website yahoo.finance.com. SIEMENS is one company in the technological sector in industry instruments and electrical devices with 360 000 employees and is located in Germany. EATON is a technology company that operates as a worldwide energy management company. The company was founded in 1916 and is headquartered in Dublin, Ireland, with 102 000 employees. Its electrical products segment offers electrical components, industrial components, among others. The realization of this project allowed to develop a model of evaluation and comparison of companies like SIEMENS and EATON, in the period between 2011 and 2013, in order to analyze models or valuation methodologies currently used, validate the existence or application of valuation models of companies and their use in the domestic market; as well as carry out the valuation of the same process. Was the projection of the financial statements for the years 2011-2013, obtaining positive cash flows for the three years. For this two companies in study we applied the analysis model in order to get an idea about the behavior of each company in terms of their financial health. The integral scheme of profitability was used to determine what were the factors that have major impact in profitability on the equity and an strength analysis, where it was determined the capacity that businesses have to meet their obligations. 7 This analysis leads to the conclusion that these two companies have the maturity and a world class performance, both companies has significant differences however both are generating value to their stakeholders. Using the results obtained, shows that these two companies have managed stable operations a long their lifetime. However the analysis indicates that SIEMENS has a more positive performance, while EATON has a less aggressive performance but stable on his periods on study. There are situations like local and global changes that may affect company performance, but is EATON behavior the one that shows better balance in their long-term commitments, equities and financing administration, suggesting greater solid financial structure and a secure investing option

Southern African Large Telescope Spectroscopy of BL Lacs for the CTA project

In the last two decades, very-high-energy gamma-ray astronomy has reached maturity: over 200 sources have been detected, both Galactic and extragalactic, by ground-based experiments. At present, Active Galactic Nuclei (AGN) make up about 40% of the more than 200 sources detected at very high energies with ground-based telescopes, the majority of which are blazars, i.e. their jets are closely aligned with the line of sight to Earth and three quarters of which are classified as high-frequency peaked BL Lac objects. One challenge to studies of the cosmological evolution of BL Lacs is the difficulty of obtaining redshifts from their nearly featureless, continuum-dominated spectra. It is expected that a significant fraction of the AGN to be detected with the future Cherenkov Telescope Array (CTA) observatory will have no spectroscopic redshifts, compromising the reliability of BL Lac population studies, particularly of their cosmic evolution. We started an effort in 2019 to measure the redshifts of a large fraction of the AGN that are likely to be detected with CTA, using the Southern African Large Telescope (SALT). In this contribution, we present two results from an on-going SALT program focused on the determination of BL Lac object redshifts that will be relevant for the CTA observatory

Gestión del conocimiento. Perspectiva multidisciplinaria. Volumen 17

El libro “Gestión del Conocimiento. Perspectiva Multidisciplinaria”, Volumen 17 de la Colección Unión Global, es resultado de investigaciones. Los capítulos del libro, son resultados de investigaciones desarrolladas por sus autores. El libro es una publicación internacional, seriada, continua, arbitrada, de acceso abierto a todas las áreas del conocimiento, orientada a contribuir con procesos de gestión del conocimiento científico, tecnológico y humanístico. Con esta colección, se aspira contribuir con el cultivo, la comprensión, la recopilación y la apropiación social del conocimiento en cuanto a patrimonio intangible de la humanidad, con el propósito de hacer aportes con la transformación de las relaciones socioculturales que sustentan la construcción social de los saberes y su reconocimiento como bien público

Modelo de valoración y comparación de empresas

Proyecto de graduación (Maestría en Administración de Empresas con énfasis en Finanzas) Instituto Tecnológico de Costa Rica, Escuela de Administración de Empresas, 2014.The companies SIEMENS and EATON, they are companies that belong to a same industry and engaged in the technological area. The information used in this paper is only for academic purposes and it was generated through the website yahoo.finance.com. SIEMENS is one company in the technological sector in industry instruments and electrical devices with 360 000 employees and is located in Germany. EATON is a technology company that operates as a worldwide energy management company. The company was founded in 1916 and is headquartered in Dublin, Ireland, with 102 000 employees. Its electrical products segment offers electrical components, industrial components, among others. The realization of this project allowed to develop a model of evaluation and comparison of companies like SIEMENS and EATON, in the period between 2011 and 2013, in order to analyze models or valuation methodologies currently used, validate the existence or application of valuation models of companies and their use in the domestic market; as well as carry out the valuation of the same process. Was the projection of the financial statements for the years 2011-2013, obtaining positive cash flows for the three years. For this two companies in study we applied the analysis model in order to get an idea about the behavior of each company in terms of their financial health. The integral scheme of profitability was used to determine what were the factors that have major impact in profitability on the equity and an strength analysis, where it was determined the capacity that businesses have to meet their obligations. 7 This analysis leads to the conclusion that these two companies have the maturity and a world class performance, both companies has significant differences however both are generating value to their stakeholders. Using the results obtained, shows that these two companies have managed stable operations a long their lifetime. However the analysis indicates that SIEMENS has a more positive performance, while EATON has a less aggressive performance but stable on his periods on study. There are situations like local and global changes that may affect company performance, but is EATON behavior the one that shows better balance in their long-term commitments, equities and financing administration, suggesting greater solid financial structure and a secure investing option

Diálogo en bioeconomía: la UNA al servicio del desarrollo nacional

Contiene los resúmenes de las presentaciones realizadas en el Taller Diálogo en bioeconomía: la UNA al servicio del desarrollo nacional, celebrada en noviembre 2020, con el siguiente contenido: Ponencias Magistrales: Bioeconomía: una visión glonal y regional, Estrategia nacional de bioeconomía Costa Rica 2020-2030, Bioeconomía y retos del desarrollo, Procesos de innovación en centros de investigación: casos de éxito en LANOTEC CENAT CONARE. Ejes: Bioeconomía para el desarrollo social, Biodiversidad y desarrollo, Biorrefinería de biomasa residual y bioeconomía avanzada Bioeconomía urbana y ciudades verdes. Para Finalizar con el resumen del conversatorio.Universidad Nacional, Costa RicaEscuela de EconomíaCentro Internacional de Política Económica para el Desarrollo SostenibleEscuela de QuímicaVicerrectoría de InvestigaciónInstituto Regional de Estudios en Sustancias Tóxica

CTA – the World’s largest ground-based gamma-ray observatory

International audienc

Monte Carlo Simulations and Validation of NectarCAM, a Medium Sized Telescope Camera for CTA

The upcoming Cherenkov Telescope Array (CTA) ground-based gamma-ray observatory will open up our view of the very high energy Universe, offering an improvement in sensitivity of 5-10 times that of previous experiments. NectarCAM is one of the proposed cameras for the Medium-Sized Telescopes (MST) which have been designed to cover the core energy range of CTA, from 100 GeV to 10 TeV. The final camera will be capable of GHz sampling and provide a field of view of 8 degrees with its 265 modules of 7 photomultiplier each (for a total of 1855 pixels). In order to validate the performance of NectarCAM, a partially-equipped prototype has been constructed consisting of only the inner 61-modules. It has so far undergone testing at the integration test-bench facility in CEA Paris-Saclay (France) and on a prototype of the MST structure in Adlershof (Germany). To characterize the performance of the prototype, Monte Carlo simulations were conducted using a detailed model of the 61 module camera in the CORSIKA/sim_telarray framework. This contribution provides an overview of this work including the comparison of trigger and readout performance on test-bench data and trigger and image parameterization performance during on-sky measurements

Sensitivity of CTA to gamma-ray emission from the Perseus galaxy cluster

In these proceedings we summarize the current status of the study of the sensitivity of the Cherenkov Telescope Array (CTA) to detect diffuse gamma-ray emission from the Perseus galaxy cluster. Gamma-ray emission is expected in galaxy clusters both from interactions of cosmic rays (CR) with the intra-cluster medium, or as a product of annihilation or decay of dark matter (DM) particles in case they are weakly interactive massive particles (WIMPs). The observation of Perseus constitutes one of the Key Science Projects to be carried out by the CTA Consortium. In this contribution, we focus on the DM-induced component of the flux. Our DM modelling includes the substructures we expect in the main halo which will boost the annihilation signal significantly. We adopt an ON/OFF observation strategy and simulate the expected gamma-ray signals. Finally we compute the expected CTA sensitivity using a likelihood maximization analysis including the most recent CTA instrument response functions. In absence of signal, we show that CTA will allow us to provide stringent and competitive constraints on TeV DM, especially for the case of DM decay

The Cherenkov Telescope Array: layout, design and performance

The Cherenkov Telescope Array (CTA) will be the next generation very-high-energy gamma-ray observatory. CTA is expected to provide substantial improvement in accuracy and sensitivity with respect to existing instruments thanks to a tenfold increase in the number of telescopes and their state-of-the-art design. Detailed Monte Carlo simulations are used to further optimise the number of telescopes and the array layout, and to estimate the observatory performance using updated models of the selected telescope designs. These studies are presented in this contribution for the two CTA stations located on the island of La Palma (Spain) and near Paranal (Chile) and for different operation and observation conditions