The combination of experts' probability distributions involved in a due diligence is valuable for encapsulating the accumulated information for decision makers and providing the current state of expert opinion regarding important uncertainties. Therefore, this paper shows how to create and...

The paper shows the ways of disclosing financial risks by IFRS 7 and certain types of sensitivity analysis. The different possibilities of preparing a sensitivity analysis, such as value at risk are illustrated and their suitability for reporting are faced critically. Following, the manner of...

This is a case for teaching. This case shows through several examples that the Net Present Value for project evaluation should be calculated based on estimates at current prices. It has been a widespread practice to evaluate projects at constant prices with a great deal of -today- unnecessary...

Traditional methods of capital investment project evaluation do not provide the flexibility for strategic decision making on new business ventures. However, real options tools encourage proactive strategic management and, when used properly, can significantly improve decision making in regard to...

Traditional methods of capital investment project evaluation do not provide the flexibility for strategic decision making on new business ventures. However, real options tools encourage proactive strategic management and, when used properly, can significantly improve decision making in regard to...

The paper investigates the incentives of environmental policy using taxes and subsidies for investing in end-of-pipe-technologies, especially in filters. Considering the effects on production, it identifies the price ceiling and examines its determinants. Sensitivity analyses show that policy...

Die Einführung des flächendeckenden Mindestlohns im Jahr 2015 in Deutschland stellt einen massiven wirtschaftspolitischen Eingriff in die Lohnverteilung dar. Über die Effekte, die für den Arbeitsmarkt zu erwarten sind, besteht jedoch erhebliche Unsicherheit. Neben den bekannten Informationen...

Valuation always has to deal with uncertainty. The paper provides an overview and illustration of how Monte Carlo simulation can enrich the due diligence process. Therefore ; the four major software offerings on the market today are reviewed. The investigation addresses different characteristics...

Agent-based models have recently become very popular. However, it is often difficult to communicate the models' complexity and assumptions. Hence, criticising them becomes a challenging task. This paper addresses this problem and discusses different ways to increase the transparency and...

Als Folge der Novellierung des EEG werden auch kleine Biogasanlagen mit einer elektrischen Leistung von bis zu 75-kW installierter Leistung gefördert. In dieser Arbeit werden Ergebnisse von Berechnungen von drei Anlagenherstellern für verschiedene Substratkombinationen und von...