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Investment Project Evaluation in a Company
Izák, Filip ; Kytner, Lukáš (referee) ; Zinecker, Marek (advisor)
The goal of thesis is evaluation of investment project of STAMACO engineering Ltd. on the basis of chosen methods of evaluation of investment project including formulation of recommendation regarding the implementation. The first part is dedicated to the theoretical background, the next part concerns elementary methods aplication, after that follows assessment financial position of this company during the period 2010 – 2012 including formulation of reccommendation for improvement in problem areas.
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Rozhodování podniku o realizaci investice
Maurerová, Vendula
This bachelor thesis is focused on the evaluation of conditions for the realization of an investment in a photogrammetric scanner for a selected company. The main aim of the thesis is to assess whether the investment is economically worthwhile for the enterprise or not. In order to achieve the stated objective, it is necessary to first determine the method of financing the investment, estimate the development of revenues and operating costs and predict the cash flows resulting from the investment project. On the basis of the obtained data, the economic efficiency of the investment is evaluated using dynamic methods.
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Economic Risks of Public Investment Projects
Hetfleišová, Natálie ; Vítková, Eva (referee) ; Hromádka, Vít (advisor)
The subject of the bachelor thesis is the economic and financial evaluation of a public investment project with subsequent risk analysis. The thesis deals with a public investment project of a residential building, specifically its economic evaluation and possible financing. Subsequently, the risks associated with the project will be analysed and assessed. The theoretical part focuses on the description of the public investment project, the description of the different phases of the project life cycle, the sources of financing are listed and the economic evaluation of the project is characterized. Subsequently, risks, their classification, identification, measurement, management and risk analysis are described. The practical part deals with the economic and financial evaluation of the future investment project in the form of the construction of a residential building in the municipality of Skuteč and the examination of various risks in different variants of the public project.
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Modeling of decision-making processes in development projects
Brauner, Roman ; Dohnal, Mirko (referee) ; Saliger, Radomír (referee) ; Pakšiová, Renáta (referee) ; Rejnuš, Oldřich (advisor)
This dissertation focuses on the decision-making models of real estate development companies with a narrower focus on the pre-implementation part, when companies decide what kind of project, in terms of time, technical, financial and risk, they will implement in a given area. The thesis focuses on the real estate market, which is influenced by a number of controllable or uncontrollable factors that have either none or minimal or, on the contrary, a significant impact on a given project. This broad scope is then narrowed down in the thesis to the residential housing market, where the project developers are mainly business entities and the end users of the projects mainly use it for housing. This housing market is associated with both economic and emotional influences that must be considered in the development of a given project. Thus the aim of the thesis is to propose a model of decision-making processes for real estate development companies, which will be based on the analysis of factors influencing the real estate market and the analysis of current methods of decision-making processes, which are incorporated in the individual proposed variants of the model. The resulting model variants are then applied to specific cases of already realized projects.
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The Investment Evaluation of the Machinery Company
Nagy, Martin ; Zinecker, Marek (referee) ; Luňáček, Jiří (advisor)
This thesis is focused on the investment evaluation of a machinery company. The theoretical part describes the technology of drilling, investment project, investment decision making, financing of the investment, its efficiency evaluation by dynamic methods. The practical part introduces the investment project and summarizes theoretical solutions. Moreover, the author carried out the company’s balance sheet and the prognosis of its sales by performing multiple factors linear regression analysis using software Gretl, determined the type of the investment financing and selected the investment project based on the point criteria and the theoretical solutions. Furthermore, the efficiency of the chosen project was evaluated by the dynamic methods described in the theoretical part. Finally, the author created a Net Present Value sensitivity analysis and compared results of the static and dynamic methods. These results become fundamentals for recommendation of the investment project realization.
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The evaluation of the effectiveness of a particular investment project
MARKYTÁNOVÁ, Zdeňka
The aim of the thesis is to evaluate the effectiveness of ABC's investment project using selected methods of economic evaluation of the investment effectiveness and another aim of the thesis is to select the optimal variant of financing the investment project with a view to minimizing costs. Given that it is a manufacturing company, the calculation of products X and Y based on the data provided by the company is used as the basis for determining the future income from the investment project. The calculation is based on the actual production capacity of the machine. The prediction of revenue and expenditure is based on a 4% year-on-year increase. Expenditure also includes costs related to the use of foreign capital, as the use of the INFA modelwhich is used in this work to calculate the discount raterequires a cash flow adjustment to the equity method. When establishing the cash flow, a direct method based on a revenue and expenditure plan was used. Due to the planned expenses for the production machine insurance and credit repayments, these items are also taken into account in the cash flow. The other aim is to select a method of financing the investment project with a view to minimizing costs. The company does not have sufficiently high equity capital that could be used to finance the investment project, which is why drawing of a business loan and the possibility of financing through finance leases are proposed as ways of securing financing. The proposed financing methods and their valuation, taking into account the minimization of costs, are based on the discounted business loan and finance lease expense method.
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The Influence of Risk on Investment Decision Making
RYBNÍČKOVÁ, Sabine
The theme of this thesis is The Influence of Risk on Investment Decision Making. In the first part of this work, the reader is introduced to the basic vocabulary relevant to financial market and to each type of financial instruments. Important part of the work is explaining the risk itself and further the description of methods used to quantify the risk of such instruments. The practical part shows the application of the methods of risk analysis on a selection of stock shares. The results of the analysis are then summarised and compared.
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Investment decision making process in selected company
TŘÍŠKOVÁ, Zuzana
The main objective of this bachelor thesis is to creation the methodology of the investment efficiency evaluation in the company XYZ. This Thesis is divided into two parts. The first one is theoretical; the second one deals with implementation. Theoretical part is dedicated to basic characteristics of investment. The main reason is to make an evaluation of efficiency investment more understandable. The part dealing with implementation targets on methods used for the investment efficiency evaluation. Selected company XYZ as well as investments data available for this analyzation are introduced at beginning of the part in question. The investment is evaluated through the procedure used by the company and its efficiency is then determined on the acquired results basis. Following chapters focus on proposed methodology for evaluation of investment efficiency. Specific accounting items are analyzed. Further, parameters necessary for calculation of methods for investment efficiency evaluation are determined. The determined parameters are: purchase cost, revenue, running costs and expected investment cash flow. The parameters are based on the investment calculations. The parameters are resulting from scenarios. Bachelor thesis works with the pessimistic, optimistic and realistic scenarios. In decision-making process the risk of investment is taken into account through the different levels of discount rates. Determination of the discount rates is implemented into the individual scenarios. Above mentioned values are used in the various methods of investment efficiency evaluation. Used methods are dynamics and statics methods. Dynamics methods include risk and time factor. Some static methods are adjusted by the factor of time and risk. Methods of investment efficiency evaluation are aimed at the rate of return and compared with the method of return on common equity (ROE).
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Investment Project Evaluation in a Company
Izák, Filip ; Kytner, Lukáš (referee) ; Zinecker, Marek (advisor)
The goal of thesis is evaluation of investment project of STAMACO engineering Ltd. on the basis of chosen methods of evaluation of investment project including formulation of recommendation regarding the implementation. The first part is dedicated to the theoretical background, the next part concerns elementary methods aplication, after that follows assessment financial position of this company during the period 2010 – 2012 including formulation of reccommendation for improvement in problem areas.
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Efficiency and Financial Stability of Investment Project
Navrátilík, Pavel ; Daňková, Markéta (referee) ; Hromádka, Vít (advisor)
The Master Thesis focuses on an investment project’s economic effectiveness and stability of financing. In the theoretical part of the thesis there are basic ideas on investment projects explained and further the thesis deals with project lifecycle phases, cash flow predictions, methods of investment economic evaluation, factors that influence investment decision making and sources of project’s financing. In the practical part there are these theoretical findings applied on a real investment project and by analyzing it is searching for a recommendation for a project realization.
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