{"id":1057,"date":"2025-11-19T09:33:00","date_gmt":"2025-11-19T00:33:00","guid":{"rendered":"https:\/\/nobukazu.site\/?p=1057"},"modified":"2026-03-08T11:53:20","modified_gmt":"2026-03-08T02:53:20","slug":"1057","status":"publish","type":"post","link":"https:\/\/nobukazu.site\/?p=1057","title":{"rendered":"\u3010\u7c3f\u8a181\u7d1a\u3011\u8a2d\u5099\u6295\u8cc7\u306f\u201c\u3084\u308b\u3079\u304d\uff1f\u201d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3067\u5224\u65ad\u3059\u308b\u8d85\u5b9f\u8df5\u30ac\u30a4\u30c9"},"content":{"rendered":"
\n
\n

\u3010\u7c3f\u8a181\u7d1a\u3011\u8a2d\u5099\u6295\u8cc7\u306f\u201c\u3084\u308b\u3079\u304d\uff1f\u201d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3067\u5224\u65ad\u3059\u308b\u8d85\u5b9f\u8df5\u30ac\u30a4\u30c9<\/h1>\n

\u516c\u958b\uff1a2025-11-19 | \u66f4\u65b0\uff1a2025-11-19<\/small><\/p>\n<\/header>\n

\n \u300c\u8a2d\u5099\u6295\u8cc7\u3092\u3057\u305f\u307b\u3046\u304c\u5f97\u306a\u306e\u304b\uff1f\u300d
\n \u3053\u308c\u306f\u7c3f\u8a181\u7d1a\u306e\u539f\u4fa1\u8a08\u7b97\u3067\u3082\u3001\u73fe\u5b9f\u306e\u30d3\u30b8\u30cd\u30b9\u3067\u3082\u5fc5\u305a\u767b\u5834\u3059\u308b\u201c\u610f\u601d\u6c7a\u5b9a\u306e\u6838\u5fc3\u201d\u3067\u3059\u3002<\/p>\n

\u672c\u8a18\u4e8b\u3067\u306f\u3001\u8a2d\u5099\u6295\u8cc7\u306b\u5fc5\u8981\u306a
\n \u30ad\u30e3\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ed\u30fc\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30a2\u30a6\u30c8\u30d5\u30ed\u30fc\u30fb\u30bf\u30c3\u30af\u30b9\u30b7\u30fc\u30eb\u30c9\u30fb\u5e74\u91d1\u539f\u4fa1\u4fc2\u6570<\/strong>
\n \u3092\u3001\u30d0\u30ba\u308b\u30ec\u30d9\u30eb\u3067\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\n<\/div>\n

\n
\n

1. \u8a2d\u5099\u6295\u8cc7\u306e\u5224\u65ad\u306f\u300c\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u300d\u3067\u6c7a\u307e\u308b<\/h2>\n

\u539f\u4fa1\u8a08\u7b97\u306e\u610f\u601d\u6c7a\u5b9a\u306f\u3001\u5229\u76ca\u3067\u306f\u306a\u304f\u5c06\u6765\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08CF\uff09<\/strong>\u3067\u5224\u65ad\u3057\u307e\u3059\u3002<\/p>\n

\n NPV\uff08\u6b63\u5473\u73fe\u5728\u4fa1\u5024\uff09\uff1d \u5c06\u6765CF\u306e\u73fe\u5728\u4fa1\u5024 \uff0d \u521d\u671f\u6295\u8cc7\u984d<\/strong>
\n \u2192 \u30d7\u30e9\u30b9\u306a\u3089\u6295\u8cc7OK\u3001\u30de\u30a4\u30ca\u30b9\u306a\u3089\u898b\u9001\u308a\n <\/div>\n<\/section>\n
\n
\n

2. \u30ad\u30e3\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ed\u30fc\uff1a\u8a2d\u5099\u6295\u8cc7\u3067\u5897\u3048\u308b\u304a\u91d1<\/h2>\n

\u8a2d\u5099\u6295\u8cc7\u3067\u5165\u3063\u3066\u304f\u308b\u304a\u91d1\u306e\u4f8b\u306f\u6b21\u306e\u901a\u308a\u3067\u3059\uff1a<\/p>\n

    \n
  • \u65b0\u8a2d\u5099\u306b\u3088\u308b\u8ffd\u52a0\u58f2\u4e0a<\/strong><\/li>\n
  • \u539f\u4fa1\u524a\u6e1b\u306b\u3088\u308b\u8ffd\u52a0\u5229\u76ca<\/strong><\/li>\n
  • \u30bf\u30c3\u30af\u30b9\u30b7\u30fc\u30eb\u30c9\uff08\u6e1b\u4fa1\u511f\u5374\u306b\u3088\u308b\u7bc0\u7a0e\uff09<\/strong><\/li>\n<\/ul>\n
    \n \u58f2\u4e0a\u5897\u52a0\u306b\u3088\u308b\u5229\u76ca\u306f\u7a0e\u91d1\u3092\u5f15\u3044\u305f\u7a0e\u5f8c\u55b6\u696d\u5229\u76ca\uff08NOPAT\uff09<\/strong>\u3067\u8a55\u4fa1\u3059\u308b\u3002\n <\/div>\n

    \u4f8b\uff09\u5229\u76ca100\u4e07\u5186\u30fb\u7a0e\u738730\uff05 \u2192 \u7a0e\u5f8c\u5229\u76ca70\u4e07\u5186\u304c\u30ad\u30e3\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ed\u30fc\u3002<\/p>\n<\/section>\n

    \n
    \n

    3. \u30ad\u30e3\u30c3\u30b7\u30e5\u30a2\u30a6\u30c8\u30d5\u30ed\u30fc\uff1a\u8a2d\u5099\u6295\u8cc7\u3067\u51fa\u3066\u3044\u304f\u304a\u91d1<\/h2>\n

    \u51fa\u3066\u3044\u304f\u304a\u91d1\u306f\u6b21\u306e\u901a\u308a\u3067\u3059\uff1a<\/p>\n

      \n
    • \u521d\u671f\u6295\u8cc7\uff08\u8a2d\u5099\u8cfc\u5165\uff09<\/li>\n
    • \u7dad\u6301\u30fb\u4fee\u7e55\u30fb\u96fb\u529b\u30fb\u5897\u54e1\u30b3\u30b9\u30c8<\/li>\n
    • \u68da\u5378\u8cc7\u7523\u306a\u3069\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a0<\/li>\n<\/ul>\n
      \n \u3053\u308c\u3089\u3082\u7a0e\u5f8c\u30ad\u30e3\u30c3\u30b7\u30e5\u30a2\u30a6\u30c8<\/strong>\u3067\u8a55\u4fa1\u3059\u308b\u306e\u304c\u7c3f\u8a181\u7d1a\u306e\u30dd\u30a4\u30f3\u30c8\u3002\n <\/div>\n<\/section>\n
      \n
      \n

      4. \u30bf\u30c3\u30af\u30b9\u30b7\u30fc\u30eb\u30c9\u3068\u306f\uff1f\u6e1b\u4fa1\u511f\u5374\u304c\u7bc0\u7a0e\u306b\u306a\u308b\u7406\u7531<\/h2>\n

      \n \u6e1b\u4fa1\u511f\u5374\u306f\u73fe\u91d1\u304c\u6e1b\u3089\u306a\u3044\u306e\u306b\u3001\u8ab2\u7a0e\u6240\u5f97\u3092\u6e1b\u3089\u3059\u305f\u3081\u3001\u7bc0\u7a0e\u52b9\u679c = \u30ad\u30e3\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ed\u30fc\u306b\u306a\u308a\u307e\u3059\u3002\n <\/p>\n

      \n \u30bf\u30c3\u30af\u30b9\u30b7\u30fc\u30eb\u30c9 = \u6e1b\u4fa1\u511f\u5374\u8cbb \u00d7 \u7a0e\u7387\n <\/div>\n

      \u4f8b\uff09\u6e1b\u4fa1\u511f\u5374100\u4e07\u5186 \u00d7 \u7a0e\u738730% \u2192 30\u4e07\u5186\u306e\u7bc0\u7a0e\u52b9\u679c\u304c\u8ffd\u52a0CF\u306b\u3002<\/p>\n<\/section>\n

      \n
      \n

      5. \u5e74\u91d1\u539f\u4fa1\u4fc2\u6570\u3067\u5c06\u6765\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u4eca\u306e\u4fa1\u5024\u306b\u3059\u308b<\/h2>\n

      \n \u5c06\u6765\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u305d\u306e\u307e\u307e\u6bd4\u8f03\u3067\u304d\u306a\u3044\u305f\u3081\u3001\u5e74\u91d1\u73fe\u4fa1\u4fc2\u6570\uff08PVAF\uff09<\/strong>\u3092\u4f7f\u3063\u3066\u73fe\u5728\u4fa1\u5024\u306b\u5272\u308a\u5f15\u304d\u307e\u3059\u3002\n <\/p>\n

      \n \u73fe\u5728\u4fa1\u5024 \uff1d \u5e74\u9593CF \u00d7 PVAF(\u5272\u5f15\u7387, \u5e74\u6570)\n <\/div>\n

      \u4f8b\uff09\u5e74100\u4e07\u5186\u30fb\u5272\u5f15\u73875\uff05\u30fb5\u5e74 \u2192 PVAF \u2252 4.33 \u2192 \u73fe\u5728\u4fa1\u5024433\u4e07\u5186<\/p>\n<\/section>\n

      \n
      \n

      6. \u4f8b\u984c\uff1a\u3053\u306e\u8a2d\u5099\u6295\u8cc7\u306f\u63a1\u7b97\u304c\u5408\u3046\uff1f<\/h2>\n
        \n
      • \u521d\u671f\u6295\u8cc7\uff1a\u25b2500\u4e07\u5186<\/li>\n
      • \u5e74\u9593\u7a0e\u5f8cCF\uff1a140\u4e07\u5186<\/li>\n
      • \u30bf\u30c3\u30af\u30b9\u30b7\u30fc\u30eb\u30c9\uff1a30\u4e07\u5186<\/li>\n
      • \u5272\u5f15\u7387\uff1a6\uff05<\/li>\n
      • \u8010\u7528\u5e74\u6570\uff1a5\u5e74\uff08PVAF \u2252 4.212\uff09<\/li>\n<\/ul>\n
        \n \u5e74\u9593CF = 140\u4e07 + 30\u4e07 = 170\u4e07\u5186
        \n \u73fe\u5728\u4fa1\u5024 = 170\u4e07 \u00d7 4.212 = \u7d04716\u4e07\u5186\n <\/div>\n
        \n NPV = 716\u4e07 \u2212 500\u4e07 = \uff0b216\u4e07\u5186 \u2192 \u6295\u8cc7\u3059\u3079\u304d\uff01<\/strong>\n <\/div>\n<\/section>\n
        \n
        \n

        7. \u30d0\u30ba\u308b\u7d50\u8ad6\uff1a\u610f\u601d\u6c7a\u5b9a\u4f1a\u8a08\u3067\u6700\u5f37\u306a\u306e\u306fNPV<\/h2>\n

        NPV\u306f\u4f01\u696d\u304c\u6700\u3082\u4fe1\u7528\u3059\u308b\u6295\u8cc7\u5224\u65ad\u6307\u6a19\u3002<\/p>\n

          \n
        • \u7a0e\u91d1\u307e\u3067\u542b\u3081\u305f\u300c\u5b9f\u30ad\u30e3\u30c3\u30b7\u30e5\u300d\u3067\u5224\u65ad<\/li>\n
        • \u6e1b\u4fa1\u511f\u5374\u30fb\u7bc0\u7a0e\u52b9\u679c\u3092\u6b63\u3057\u304f\u8a55\u4fa1<\/li>\n
        • \u5c06\u6765\u4fa1\u5024\u3092\u73fe\u5728\u4fa1\u5024\u3078\u5909\u63db\u3057\u3066\u6bd4\u8f03<\/li>\n<\/ul>\n<\/section>\n
          \n
          \n

          \u307e\u3068\u3081\uff1a\u8a2d\u5099\u6295\u8cc7\u306e\u5224\u65ad\u306f\u3053\u306e3\u3064\u3067OK<\/h2>\n
          \n
          \u2460 \u7a0e\u5f8c\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u51fa\u3059<\/div>\n
          \u2461 \u30bf\u30c3\u30af\u30b9\u30b7\u30fc\u30eb\u30c9\u3092\u52a0\u3048\u308b<\/div>\n
          \u2462 \u5e74\u91d1\u539f\u4fa1\u4fc2\u6570\u3067\u73fe\u5728\u4fa1\u5024 \u2192 NPV\u3078<\/div>\n<\/p><\/div>\n

          \n \u3053\u306e\u6d41\u308c\u3092\u62bc\u3055\u3048\u308b\u3060\u3051\u3067\u3001\u7c3f\u8a181\u7d1a\u306e\u8a2d\u5099\u6295\u8cc7\u554f\u984c\u306f\u300c\u611f\u899a\u3067\u89e3\u3051\u308b\u300d\u30ec\u30d9\u30eb\u306b\u306a\u308a\u307e\u3059\u3002\n <\/p>\n<\/section>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

          \u3010\u7c3f\u8a181\u7d1a\u3011\u8a2d\u5099\u6295\u8cc7\u306f\u201c\u3084\u308b\u3079\u304d\uff1f\u201d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3067\u5224\u65ad\u3059\u308b\u8d85\u5b9f\u8df5\u30ac\u30a4\u30c9 \u516c\u958b\uff1a2025-11-19 | \u66f4\u65b0\uff1a2025-11-19 \u300c\u8a2d\u5099\u6295\u8cc7\u3092\u3057\u305f\u307b\u3046\u304c\u5f97\u306a\u306e\u304b\uff1f\u300d \u3053\u308c\u306f\u7c3f\u8a181\u7d1a\u306e\u539f\u4fa1\u8a08\u7b97\u3067\u3082\u3001\u73fe\u5b9f\u306e\u30d3\u30b8\u30cd\u30b9\u3067\u3082\u5fc5\u305a\u767b\u5834\u3059\u308b\u201c\u610f\u601d\u6c7a\u5b9a\u306e\u6838\u5fc3\u201d\u3067\u3059\u3002 \u672c\u8a18\u4e8b\u3067\u306f\u3001\u8a2d\u5099\u6295\u8cc7\u306b\u5fc5\u8981\u306a \u30ad\u30e3\u30c3\u30b7\u30e5\u30a4 […]<\/p>\n","protected":false},"author":1,"featured_media":1075,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-13"],"_links":{"self":[{"href":"https:\/\/nobukazu.site\/index.php?rest_route=\/wp\/v2\/posts\/1057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nobukazu.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nobukazu.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nobukazu.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nobukazu.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1057"}],"version-history":[{"count":2,"href":"https:\/\/nobukazu.site\/index.php?rest_route=\/wp\/v2\/posts\/1057\/revisions"}],"predecessor-version":[{"id":1063,"href":"https:\/\/nobukazu.site\/index.php?rest_route=\/wp\/v2\/posts\/1057\/revisions\/1063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nobukazu.site\/index.php?rest_route=\/wp\/v2\/media\/1075"}],"wp:attachment":[{"href":"https:\/\/nobukazu.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nobukazu.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nobukazu.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}