MAGNI, CARLO ALBERTO; MALAGOLI, STEFANO; MASTROLEO, GIOVANNI - In: International Journal of Information Technology & … 05 (2006) 01, pp. 195-225
Discounted cash flow techniques are the generally accepted methods for valuing firms. Such methods do not provide explicit acknowledgment of the value determinants and overlook their interrelations. This paper proposes a different method of firm valuation based on fuzzy logic and expert systems....