"1"^^ . "RIV/61989100:27510/04:00009563!RIV/2005/GA0/275105/N" . "80-248-0479-4" . . "Real option;valuing;option to defer;Black-Scholes model;underlying asset."@en . . "Valuing an investment project with possibility to defer: real option approach" . . "27510" . . "47-54" . "8"^^ . "592089" . "10" . "Valuing an investment project with possibility to defer: real option approach"@en . . . . "[536AB2E40D36]" . "This article is focused on project valuation with embedded real option - in this case, option to defer a project. First, traditional NPV rule is applied, then NPV with opportunity to delay strat of a project is calculated, three different approaches (project with deterministic and stochastic cash flow, valuing as a European option) are used. Results are compared, graphically presented and explained."@en . "RIV/61989100:27510/04:00009563" . . "10" . "P(GA402/04/1357), Z(MSM 275100015)" . . . . "CZ - \u010Cesk\u00E1 republika" . "ECON\u00B403" . . "Valuing an investment project with possibility to defer: real option approach" . . . . . "Ocen\u011Bn\u00ED investi\u010Dn\u00EDho projektu s mo\u017Enost\u00ED odlo\u017Een\u00ED: p\u0159\u00EDstup na b\u00E1zi re\u00E1ln\u00FDch opc\u00ED"@cs . "Valuing an investment project with possibility to defer: real option approach"@en . "Ocen\u011Bn\u00ED investi\u010Dn\u00EDho projektu s mo\u017Enost\u00ED odlo\u017Een\u00ED: p\u0159\u00EDstup na b\u00E1zi re\u00E1ln\u00FDch opc\u00ED"@cs . "\u010Cul\u00EDk, Miroslav" . . "Tento \u010Dl\u00E1nek si klade za c\u00EDl popsat z\u00E1kladn\u00ED ideu metodologie re\u00E1ln\u00FDch opc\u00ED s d\u016Frazem na odli\u0161nost oproti tradi\u010Dn\u00EDm pasivn\u00EDm v\u00FDnosov\u00FDm metod\u00E1m, z\u00E1kladn\u00ED typy re\u00E1ln\u00FDch a mo\u017Enosti jejich ocen\u011Bn\u00ED. V z\u00E1v\u011Bru je provedeno ocen\u011Bn\u00ED projektu s vybran\u00FDmi typy opc\u00ED. Nejprve je ocen\u011Bn projekt na b\u00E1zi pasivn\u00EDho a rizikov\u011B neutr\u00E1ln\u00EDho p\u0159\u00EDstupu a to bez mo\u017Enosti uplatn\u011Bn\u00ED opce. Pot\u00E9 jsou ocen\u011Bny vybran\u00E9 typy opc\u00ED a to nejprve izolovan\u011B a t\u00E9\u017E pro jejich r\u016Fzn\u00E9 kombinace. V\u00FDsledky jsou porovn\u00E1ny a interpretov\u00E1ny."@cs . "This article is focused on project valuation with embedded real option - in this case, option to defer a project. First, traditional NPV rule is applied, then NPV with opportunity to delay strat of a project is calculated, three different approaches (project with deterministic and stochastic cash flow, valuing as a European option) are used. Results are compared, graphically presented and explained." . . . "1"^^ .