The objective of the course is to provide knowledge about advanced valuation methods and techniques applicable in company´s financial decision-making. The course is focused on the assumptions, conditions and application possibilities for solution of valuation and decision-making issues by applying real option methodology, when risk and managerial flexibility is taken into consideration. Attention is primarily paid to the description basic types of real options, their parameters and valuation procedure. Due to the specific features of real options, there are discrete models used for their valuation.
Valuation and real options methodology application
| Type of study | Doctoral |
|---|---|
| Language of instruction | English |
| Code | 154-9511/02 |
| Abbreviation | OAMROa |
| Course title | Valuation and real options methodology application |
| Credits | 10 |
| Coordinating department | Department of Finance |
| Course coordinator | doc. Ing. Miroslav Čulík, Ph.D. |
Subject syllabus
Literature
DiLELLIO, James: Real Option Modeling and Valuation: A Decision Analysis Approach Using DPL and Excel. London: Independently published, 2018. 136 pp. ISBN 978-1521238592 .
MUN, Jonathan: Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions with Integrated Risk Management and Advanced Quantitative Decision Analytics. London: ROV Press, 2016. 695 pp. ISBN 978-1734497359 .
MUN, Jonathan: Applied Analytical - Applied Project Management: Applying Monte Carlo Risk Simulation, Strategic Real Options, Stochastic Forecasting, Portfolio management, Project Management. New York: IIPER Press, 2020. 143 pp. ISBN 978-1734481150 .
MUN, Jonathan: Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions with Integrated Risk Management and Advanced Quantitative Decision Analytics. London: ROV Press, 2016. 695 pp. ISBN 978-1734497359 .
MUN, Jonathan: Applied Analytical - Applied Project Management: Applying Monte Carlo Risk Simulation, Strategic Real Options, Stochastic Forecasting, Portfolio management, Project Management. New York: IIPER Press, 2020. 143 pp. ISBN 978-1734481150 .
Advised literature
JACKSON, Liam, et al. Applied Analytical - Oil and Gas Decommissioning Risk Management: Applying Monte Carlo Risk Simulation, Strategic Real Options, Stochastic Analytics. London: IIPER Press, 2020. 266 pp. ISBN 978-1734481174 .
LARRABEE, T. a J. VOSS. Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options. New York: Wiley, 2012.
624 pp. ISBN 978-1118397435 .
SCHONE, M. Real Options Valuation: The Importance of Stochastic Process Choice in Commodity Price Modelling. Berlin: Springer, 2015. 118 pp. ISBN 978-3658074920 .
LARRABEE, T. a J. VOSS. Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options. New York: Wiley, 2012.
624 pp. ISBN 978-1118397435 .
SCHONE, M. Real Options Valuation: The Importance of Stochastic Process Choice in Commodity Price Modelling. Berlin: Springer, 2015. 118 pp. ISBN 978-3658074920 .