Monte-Carlo Simulation und Due Diligence: Ein methodischer Ansatz zur computergestützten Aggregierung von Wahrscheinlichkeitsverteilungen aus Expertenbefragungen

Martin Klein

No 2010-5, Working Papers in Accounting Valuation Auditing from Friedrich-Alexander University Erlangen-Nuremberg, Chair of Accounting and Auditing

Abstract: The combination of experts' probability distributions involved in a due diligence is valuable for encapsulating the accumulated information for decision makers and providing the current state of expert opinion regarding important uncertainties. Therefore, this paper shows how to create and combinate experts' probability distributions which can be used in a monte-carlo simulation to calculate company values.

Keywords: Unternehmensbewertung; Due Diligence; Monte-Carlo Simulation; Delphi-Methode; Szenarioanalyse; Sensitivitätsanalyse; Expertenbefragung; Wahrscheinlichkeitsverteilung; Simulationssoftware; valuation; due diligence; monte-carlo method; simulation; business forecast; forecast uncertainty; scenario analysis; sensitivity analysis; probability distribution; combining probabilities; expert judgment (search for similar items in EconPapers)
JEL-codes: C80 G17 G32 G34 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-cmp and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fauacc:20105

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