. . . "Real options, NPV, project valuation, option to defer a project, Black-Scholes model"@en . . "Nov\u00E9 trendy rozvoje pr\u016Fmyslu" . . "Mo\u017Enosti ocen\u011Bn\u00ED projektu na b\u00E1zi pasivn\u00EDch a flexibiln\u00EDch p\u0159\u00EDstup\u016F"@cs . . . "0"^^ . "1"^^ . "0"^^ . . . "1"^^ . "1-8" . "This article is focused on project valuation with embeeded real option - in this case, option to defer a project. First, passive traditional NPV (i.e. without option) is applied, than NPV with option to forward start of a project is calculated, three different approaches (riskless, risky, European option) are used. Results are compared, graphicaly presented and explained."@en . . "27510" . "\u010Cul\u00EDk, Miroslav" . "[AF9221CDD08E]" . "2003-11-26+01:00"^^ . "Project valuation possibilities on base of passive and flexible approaches"@en . "8"^^ . "Z(MSM 275100015)" . "Mo\u017Enosti ocen\u011Bn\u00ED projektu na b\u00E1zi pasivn\u00EDch a flexibiln\u00EDch p\u0159\u00EDstup\u016F" . . "P\u0159\u00EDsp\u011Bvek se zab\u00FDv\u00E1 popisu ocen\u011Bn\u00ED projektu s vyu\u017Eit\u00EDm vybran\u00E9 tradi\u010Dn\u00EDch v\u00FDnosov\u00E9 metody, d\u00E1le pak s mo\u017Enost\u00ED odlo\u017Een\u00ED jeho zah\u00E1jen\u00ED a ocen\u011Bn\u00ED mo\u017Enosti odlo\u017Een\u00ED zah\u00E1jen\u00ED s vyu\u017Eit\u00EDm B-S modelu. Jedn\u00E1 se tak o aplikaci metodologie oce\u0148ov\u00E1n\u00ED finan\u010Dn\u00EDch opc\u00ED na re\u00E1ln\u00E9 projekty (re\u00E1ln\u00E9 opce). Popsan\u00E1 metodologie je vysv\u011Btlena na ilustrativn\u00EDm p\u0159\u00EDkladu, v\u00FDsledky jsou porovn\u00E1ny a graficky prezentov\u00E1ny." . . "80-214-2518-0" . . . . . "616637" . "Mo\u017Enosti ocen\u011Bn\u00ED projektu na b\u00E1zi pasivn\u00EDch a flexibiln\u00EDch p\u0159\u00EDstup\u016F" . . "Project valuation possibilities on base of passive and flexible approaches"@en . "RIV/61989100:27510/03:00007669" . "Mo\u017Enosti ocen\u011Bn\u00ED projektu na b\u00E1zi pasivn\u00EDch a flexibiln\u00EDch p\u0159\u00EDstup\u016F"@cs . "Vysok\u00E9 u\u010Den\u00ED technick\u00E9 v Brn\u011B. Fakulta podnikatelsk\u00E1" . "Brno" . "RIV/61989100:27510/03:00007669!RIV/2004/MSM/275104/N" . . "Brno" .