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001-es BibID:BIBFORM050919
Első szerző:Tarnóczi Tibor (közgazdász)
Cím:The business uncertainty and variability management with real options models combined two-dimensional simulation / Tarnóczi Tibor, Fenyves Veronika, Bács Zoltán
Megjegyzések:Within any firm, there are multiple short- andlong-term goals along the path of value creationand maximization. In general, there are threeapproaches to corporate valuation (discountedcash flow, relative and contingent claim valuation).The paper presents a model developed by us whatis a special combination of the above mentionedthree methods in frame of a simulation model. Todevelop this modell we would have liked to achivea more accurate estimation of the corporate value.The maximization of the corporate value areaffected by many variable and uncertain factors. Toexecute the simulation we use a two-dimensionalMonte Carlo simulation what manages separatelyvariability and uncertainty of the model variables.The two-dimensional simulation model creates newopportunities for risk assessment too. The modelhas been solved using of the several packages ofthe R statistical system. The paper presents themodel and its applicability. Our experience showsthat a combined model can be better managedrisk, as a separated model can do itself what issupported by the results obtained. However, thecombined model improves the estimation of thecorporate value.
Tárgyszavak:Társadalomtudományok Közgazdaságtudományok idegen nyelvű folyóiratközlemény külföldi lapban
corporate valuation
real options
Megjelenés:International Journal of Management Cases. - 2013 : 3 (2011), p. 159-167. -
További szerzők:Fenyves Veronika (1978-) (gazdasági agrármérnök) Bács Zoltán (1969-) (agrármérnök)
Internet cím:Intézményi repozitóriumban (DEA) tárolt változat
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