154-0911/02 – Real options methodology application in company´s financial decision-making (AVMRO)

Gurantor departmentDepartment of FinanceCredits10
Subject guarantordoc. Ing. Miroslav Čulík, Ph.D.Subject version guarantordoc. Ing. Miroslav Čulík, Ph.D.
Study levelpostgraduateRequirementChoice-compulsory
YearSemesterwinter + summer
Study languageCzech
Year of introduction2015/2016Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
CUL33 doc. Ing. Miroslav Čulík, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Combined 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

Další požadavky na studenta

There are no other requirements on students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

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.

Conditions for subject completion

Combined form (validity from: 2015/2016 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

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Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (P6202) Economic Policy and Administration (6202V010) Finance K Czech Ostrava Choice-compulsory study plan
2018/2019 (P6202) Economic Policy and Administration (6202V010) Finance K Czech Ostrava Choice-compulsory study plan
2017/2018 (P6202) Economic Policy and Administration (6202V010) Finance K Czech Ostrava Choice-compulsory study plan
2016/2017 (P6202) Economic Policy and Administration (6202V010) Finance K Czech Ostrava Choice-compulsory study plan
2015/2016 (P6202) Economic Policy and Administration (6202V010) Finance K Czech Ostrava Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner