Relevance of Real Options as a Valuation Tool for Advanced Manufacturing Technology Investments

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F09%3A63508664" target="_blank" >RIV/70883521:28120/09:63508664 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Relevance of Real Options as a Valuation Tool for Advanced Manufacturing Technology Investments

Popis výsledku v původním jazyce

Investing in Advanced Manufacturing Technology represents an example of combined complex valuation problem. The advantage of such Investment compared to a traditional one is its capability to start producing different product or service if the demand forthe originally produced product vanishes. The flexibility of AMTs, which includes the possibility to react to new information, can be seen as an option (the right, not obligation) to undertake some business decision. On the other hand the biggest disadvantage of AMTs is the higher initial investment cost. In an effort to prevent from wrong decisions is needed to involve the value of this option to the investment decision making process. The main goal of the paper is to show how the flexibility of AMTsinfluences the decision making process in the firm using theory of real options.

Název v anglickém jazyce

Relevance of Real Options as a Valuation Tool for Advanced Manufacturing Technology Investments

Popis výsledku anglicky

Investing in Advanced Manufacturing Technology represents an example of combined complex valuation problem. The advantage of such Investment compared to a traditional one is its capability to start producing different product or service if the demand forthe originally produced product vanishes. The flexibility of AMTs, which includes the possibility to react to new information, can be seen as an option (the right, not obligation) to undertake some business decision. On the other hand the biggest disadvantage of AMTs is the higher initial investment cost. In an effort to prevent from wrong decisions is needed to involve the value of this option to the investment decision making process. The main goal of the paper is to show how the flexibility of AMTsinfluences the decision making process in the firm using theory of real options.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

<a href="/cs/project/GA402%2F07%2F1495" target="_blank" >GA402/07/1495: Hodnocení přínosů vyspělých technologií</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2009

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Conference Proceedings ?The 11th International Conference of the Society for Global Business and Economic Development

ISBN

978-0-9797659-5-7

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

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Název nakladatele

Univerzita Komenského v Bratislave

Místo vydání

Bratislava

Místo konání akce

Bratislava

Datum konání akce

27. 5. 2009

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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