Integrace rizika a nejistoty do investičního rozhodování a oceňování

The Risk and Uncertainty Integration into the Investment Decision and Evaluation

Jiří Fotr and Eva Kislingerová

Politická ekonomie, 2009, vol. 2009, issue 6, 801-826

Abstract: The qualitative changes in surroundings for companies operation are calling for necessity of assertion new tools and method, which will help to increase the quality of decision making and firm evaluation. To these tools belong scenarios and Monte Carlo simulation. The aim of the article is to describe these tools, their common features and differences, advantages and disadvantages. Further results and benefits of application of Monte Carlo simulation in risk analysis of investment project from economic practise are demonstrated.

Keywords: investment; Monte Carlo simulation; flexibility; risk; uncertainty; valuation; real options; risk analysis; scenarios (search for similar items in EconPapers)
JEL-codes: D24 D46 G30 (search for similar items in EconPapers)
Date: 2009
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DOI: 10.18267/j.polek.711

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