Aplikace a komparace metod pro ocenění investičních projektů

Abstract

In this diploma thesis the attention is given to the traditional and new, more flexible methods for the valuation of the projects as well as to the definition of the advantages, disadvantages and assumptions for their using. Cognition defined in theoretical and methodological part are used in the practical part where the real project is evaluated. The topic of the practical part is not only about the application of the particular approaches but also the comparison and conclusion of the results obtained from the used methods. The sensitivity analysis is applied to analyze the influence of the inputs on the key indicators considered for the project valuation. Final comparison of the results obtained from used methods is a motion to consideration for applying more modern approaches for valuation of the projects based on the real option methodology to choose a type of decision at the time when it is necessary to decide. Owing to the uncertainty at the time, when we estimate future conditions, these methods mean the active approach to the financial project management.