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
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.
Teaching methods
Lectures
Individual consultations
Summary
Compulsory literature:
BRACH, M. A. (2002). Real Options in Practice. New Jersey: Wiley.
GUTHRIE, G. A. (2009). Real Options in Theory and Practice. London: Oxford University Press.
TRIGEORGIS, L., SCHWARTZ, E. S. (2001). Real Options and Investments under Uncertainty. Cambridge: MIT Press.
Recommended literature:
BRENNAN, M. J., TRIGEORGIS, L. (2000). Project Flexibility, Agency and Competition: New Developments in the Theory and Application of Real Options. London: Oxford University Press.
COPELAND, T. E., ANTIKAROV, V. (2003). Real Options, Revised Edition: A Practitioner's Guide. 2st Ed. New York: Texere.
MUN, J. (2005). Real Option Analysis. Tool and Techniques for Valuing Strategic Investments and Decisions. 2nd Ed. New Jersey: Wiley.
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:
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