154-0911/01 – Real options methodology application in company´s financial decision-making (AVMRO)

Gurantor department	Department of Finance	Credits	10
Subject guarantor	doc. Ing. Miroslav Čulík, Ph.D.	Subject version guarantor	doc. Ing. Miroslav Čulík, Ph.D.
Study level	postgraduate	Requirement	Choice-compulsory
Year		Semester	winter + summer
		Study language	Czech
Year of introduction	2015/2016	Year of cancellation
Intended for the faculties	EKF	Intended for study types	Doctoral

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
CUL33	doc. Ing. Miroslav Čulík, Ph.D.

Extent of instruction for forms of study
Form of study	Way of compl.	Extent
Full-time	Examination	80+0

Subject aims expressed by acquired skills and competences

The objective of the course is to provide knowledge about application possibilities of advanced methods in financial decision-making of a company. The course aims at assumptions, conditions and application possibilities of real options methodology, when simultaneously risk and flexibility is considered when solving valuation and decision-making issues. Attention is paid primarily to the description of basic types of real options, their parameters and valuation procedure. Due to the specific features of real options, attention is devoted to discrete valuation models.

Teaching methods

Lectures
Individual consultations

Summary

Compulsory literature:

LARRABEE, David and Jason VOSS. Valuation Techniques: Discounted Cash Flow, Earnings Quality, Measures of Value Added, and Real Options. New York: Wiley, 2013. 608 pp. ISBN 978-118-39743-5. SHOCKLEY, Robert. An Applied Course in Real Options Valuation. New York: South-Western College Pub, 2006. 544 pp. ISBN 978-0324259636. SMIT, John and Lenos TRIGEROGIS. Strategic Investment: Real Options and Games. New York: Princeton University Press, 2012. 504 pp. ISBN 978-1400829392.

Recommended literature:

MUN, Jonathan. Real Options Analysis. New York: Wiley, 2016. 704 pp. ISBN 978-0471747482. SHOCKLEY, Robert. An Applied Course in Real Options Valuation. New York: South-Western College Pub, 2006. 544 pp. ISBN 978-0324259636. SMIT, John and Lenos TRIGEROGIS. Strategic Investment: Real Options and Games. New York: Princeton University Press, 2012. 504 pp. ISBN 978-1400829392.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

There are no other requirements on students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Conditions for subject completion

Full-time form (validity from: 2015/2016 Winter semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points
Examination	Examination

Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic year	Programme	Field of study	Form	Study language	Tut. centre	Type of duty
2021/2022	(P6202) Economic Policy and Administration	(6202V010) Finance	P	Czech	Ostrava	Choice-compulsory	study plan
2020/2021	(P6202) Economic Policy and Administration	(6202V010) Finance	P	Czech	Ostrava	Choice-compulsory	study plan
2019/2020	(P6202) Economic Policy and Administration	(6202V010) Finance	P	Czech	Ostrava	Choice-compulsory	study plan
2018/2019	(P6202) Economic Policy and Administration	(6202V010) Finance	P	Czech	Ostrava	Choice-compulsory	study plan
2017/2018	(P6202) Economic Policy and Administration	(6202V010) Finance	P	Czech	Ostrava	Choice-compulsory	study plan
2016/2017	(P6202) Economic Policy and Administration	(6202V010) Finance	P	Czech	Ostrava	Choice-compulsory	study plan
2015/2016	(P6202) Economic Policy and Administration	(6202V010) Finance	P	Czech	Ostrava	Choice-compulsory	study plan

Occurrence in special blocks

Block name	Academic year	Form of study	Study language	Year	W	S	Type of block	Block owner