Dynamický model pro stanovení tržní hodnoty společnosti v průmyslovém sektoru

Abstract

With the continuous development of the market environment it is not only changing business conditions, but changes the requirements for evaluation the company and changes the importance of actual evaluated parameters. In today's globalized business environment is already surpassed the original basic goal of enterprise "maximalize the profit".Managers attention is focused on maximizing the value and growth of the company, since it is the value of the company, wich the only one required to measure business performance comprehensive information, it seems it is good measure of company performance. Maximizing value means that the company's management must strive for the greatest benefit for the owners in the form of increasing value of their ownership. This dissertation is focused on the creating and verification the mathematical model determining the value of the company at any time of the planning, management, respectively at decision-making process. The main goal is defined as follows: "Propose and verify the model determining the enterprise value based on DCF method using the principles of structural analysis to objectively evaluate the impact of factors affecting the changes in cost potential in the nearest of the company.The secondary goal is model verification and its use in practice and after that defining the conditions for creating learning support for its thematic area and its use in the educational activity. This comprehensive economic-mathematical the model was at work tested on the relevant data from the company at field of metallurgy. The results of verification fully demonstrate the functionality of the model and its suitability for a wide application in economic practice. The benefit of work is development of the theory of value management, and also suggests the possibility of implementation its principles in solving practical problems at this field.