Hodnocení efektivnosti reálné investice

Abstract

This bachelor´s work is aimed at the real investment effectiveness evaluation. It is considering the reconstruction of thermo-flattening line OL 1. The theoretical part attends to the investment decision-making methodology, the terms investment and investment process are clarified and investment projects are classified with investment financing and investment evaluation process being described there. The third chapter contains the description of the company and investment under assessment. Further, cash flows of indebted and non-indebted project are specified including capital expenditures setting. Both options are compared according to dynamic and static methods. Business risk in connection with the change in set variance is evaluated by means of sensitivity analysis. Net present value criterion is most often examined upon the basis of this method. Changes in overhead costs, earnings and discount factors are subject to analyses. The found results are compared and more profitable option is chosen in the conclusion.