154-9511/01 – Valuation and real options methodology application (OAMROa)
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 | English |
Year of introduction | 2015/2016 | Year of cancellation | |
Intended for the faculties | EKF | Intended for study types | Doctoral |
Subject aims expressed by acquired skills and competences
Aim of the course is to teach students to employ real option methodology in selected areas of financial decision-making.
Course will enables the students:
- to apply new approach for problem solutions of valuation and decisio-making,
- to evaluate and compare its advantages in comparison to traditional methods,
- to propose optimal decisions for a firm under the risk.
Teaching methods
Lectures
Individual consultations
Summary
Real options is a flexible approach for decision making on real assets, where assets are valued by using financial option pricing models. The main idea relies on the possibilities to make future decisions with option characteristics and can be exercised under pre-specified conditions. It is necessary to identify these options, value them and comprise them into company decision-making process.
Compulsory literature:
Recommended literature:
Additional study materials
Way of continuous check of knowledge in the course of semester
oral examination
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:
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.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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