154-9511/02 – Valuation and real options methodology application (OAMROa)

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 languageEnglish
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
Full-time Examination 80+0
Part-time Examination 80+0

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

Part-time 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.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (P6202) Economic Policy and Administration (6202V010) Finance K English Ostrava Choice-compulsory study plan
2019/2020 (P6202) Economic Policy and Administration (6202V010) Finance K English Ostrava Choice-compulsory study plan
2018/2019 (P6202) Economic Policy and Administration (6202V010) Finance K English Ostrava Choice-compulsory study plan
2017/2018 (P6202) Economic Policy and Administration (6202V010) Finance K English Ostrava Choice-compulsory study plan
2016/2017 (P6202) Economic Policy and Administration (6202V010) Finance K English Ostrava Choice-compulsory study plan
2015/2016 (P6202) Economic Policy and Administration (6202V010) Finance K English Ostrava Choice-compulsory study plan

Occurrence in special blocks

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