Adam Sojda

Determination of enterprise value by using the fuzzy pay-off method for real option valuation

In the article there is the possibility of application of the fuzzy pay-off method presented in calculating the company value of a mining enterprise. This method was used in the method of valuation called DCF. The application of fuzzy sets allows to limit the amount of analyses to three scenarios. The scenarios correspond to, respectively, the worst situation, the most probable and most advantageous, in relation with a particular strategy. The result obtained is also the effect of similar form, therefore we obtain the values concerning the following scenarios: the best, the worst, and the most probable. The fuzzy number is turned into one particular indirect value taking into account all the scenarios. The application of fuzzy numbers also enables comparing the two different scenarios realized in the various strategies.

Evolutional algorithm in stock control

Evolutional algorithms are an excellent optimization tool performing well in such tasks where classic methods have no use. In this thesis the use of those algorithms in stock control was presented for the problem of stochastic function of cost criterion. Such functions are used in case of random demand with a constant delivery period. The operation of this algorithm was presented on the example strongly referring to the real problem of stock control. This algorithm is a recommendation for implementing changes in the information system of supporting the planning of material needs in the area of research project.