Food waste is one of an organic waste and contains the value of recycling and reusing. EPA shows that there are almost the amount of 4500 tons food wastes which is about 36~64% in households in Taiwan everyday. Therefore, if food wastes could be reused again, not only greatly reducing the amount of waste, decreasing the problem of odor from progressing food wastes, but also increasing the using year of landfills and incinerators. Furthermore, it can develop fully the value of multiple reusing in recycling. The study is forced on questionnaires for the residents of the city of Kaohsiung and Taichung, to know the present of recycling of food waste and its difficulty in executing a strategy. Conferring the willingness to pay and the willingness to accept of food waste recovery and if the price is different or not by Contingent Valuation Method (CVM), and moreover evaluating the potential benefit. The results of the study are as following: there are conspicuous difference in ¡§if doing something about recovery¡¨ ¡§the way of recovery¡¨ and ¡§if see any inspectors examine the classification of refuse¡¨. The most difficulties of recovery food waste in both cities are ¡§its odor and breed mosquito and fly easily¡¨ and ¡§not knowing clearly what materials should be recovered or not¡¨. About the price of the willingness to pay and the willingness to accept, the major answer shows ¡§No, I would not.¡¨ from this questionnaires. On the other hand, answers of ¡§Yes, I would like.¡¨ all hope that the pay less is better and the compensation more is better. The price of the willingness to pay of Kaohsiung residents is NT$ 41.8 dollars, and Taichung residents is NT$ 45.3 dollars. Otherwise, the higher environmental conscious the Kaohsiung residents have, the higher willing to pay. At the same time, the difficulty of recovery food waste is low comparatively. In addition, ¡§occupation¡¨ ¡§family revenue per month¡¨ ¡§cooking per week¡¨ have effect on the price of the willingness to pay and the willingness to accept. In the result of regression, some of variable parameters could affect the price of the willingness to pay. It maybe provides society for reference according the benefit in the estimating of regression. Therefore, the study hopes to provide the decision-maker more clear environmental and economical information through evaluate and analyze the willingness of pay of food waste. Furthermore, it maybe help the government to make a future policy in order to practice the food waste recovery indeed and carry out the target of reducing the amount of waste and resources recovering for a sustainable resources of food waste.

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WiMAX is a new mobile technology which provides high bandwidth and VoIP service. Therefore, WiMAX will bring effects to 3G telecom market. It is important that 3G telecom how to face WiMAX effects and WiMAX telecom how to enter the telecom market. Because WiMAX does not operate popularly and literatures usually only compare technology between WiMAX and 3G, this research discusses pricing strategy of the WiMAX and 3G. This study discusses WiMAX and 3G based on MEC Model and Customer Differentiation Matrix, and uses price and platform of the MEC Model and customer valuation and customer need of the Customer Differentiation Matrix to discuss strategic position. This research uses case study to interview executive managers of the WiMAX and 3G telecoms. According to interview results and secondary data, this study concludes telecom strategic positions. These results: (1) voice service will become mass market; (2) mobile value-added service will become important strategy; (3) WiMAX telecom will enter telecom market quickly; (4) WiMAX is not only a competitive role but also a complementary role; (5) mobile telecom will become personalized service. This conclusion discusses WiMAX and 3G positions according to marketing strategy. The telecom market will create new pricing strategy due to market competition after WiMAX enters telecom market.

The Black-Scholes European option pricing formula can be derived in several ways. In this dissertation we present several methods that can be used to derive this formula, including partial differential equation method, the risk-neutral pricing method, the martingale measure method, and the change of numeraire technique

<p>Problem: The online betting industry has erased the importance of national borders and opened up the world, which has lead to a more diversified perspective of the company. In this master thesis we wanted to broaden and develop the topic of corporate valuation with regard to the on-line gambling industry. In order to do that, a case study of the on-line betting firm Unibet and its core betting activities has been carried out.</p><p>Purpose: The study aims to identify factors in the strategic, SWOT and financial analysis that will be used in the cash flow valuation model in order to derive the company value.</p><p>Method: A case study has been chosen to collect empirical data to our study.</p><p>Conclusion: A cash flow valuation in different scenarios was carried out. With the assumptions made in the “probable” scenario a value of approximately GBP 85 million was reached, which was significantly lower than the listed value. This is mainly due to the fact that we believe that the increased competition will make it difficult for Unibet to maintain its strong growth in sales in the future. The assumptions have been based on the information gained from the strategic analysis, the SWOT analysis and the development in financial ratios.</p>

<p>Bakgrund</p><p>Majoriteten av alla svenska företag är familjeföretag. Forskning inom området har inte bedrivits i någon större utsträckning förrän på senare år. Därtill kommer att forskning inom värdering av familjeföretag är närmast obefintlig. Familjeföretag skiljer sig på många sätt från icke-familjeföretag, t.ex. när det gäller kultur, ägande och ledning. Härav finns det anledning att tro att familjeföretag värderas annorlunda än icke-familjeföretag.</p><p>Syfte med uppsatsen</p><p>Syftet med denna uppsats är att beskriva hur värdering av familjeföretag går till från ett uppköpande företags synvinkel.</p><p>Metod</p><p>För att utföra denna uppsats har ett kvalitativt, hermeneutiskt tillvägagångssätt använts för att förstå helheten av fenomenet familjeföretags värdering. Vi har genomfört en fallstudie bestående av tre familjeföretags uppköp gjorda av Företag X som noggrant har studerats.</p><p>Slutsats</p><p>När ett familjeföretag värderas är det avgörande att ha erfarenhet, branschkännedom, intuition och framför allt kunskap och erfarenhet om familjeföretag. De immateriella tillgångarna i ett familjeföretag, som till exempel rykte, kultur och kunskap bidrar tillsammans med olika värderingsmodeller till ett rättvist värde av familjeföretaget.</p> / <p>Background</p><p>The vast majority of all Swedish companies are family businesses. Research within the field of family businesses has not until recent years been developed. Moreover, the research regarding valuation of family businesses is close to non-existing. Family businesses differ in many ways from non-family businesses, for example when it comes to culture, ownership and management. Hence, there is a possibility that family businesses are valuated differently from non-family businesses.</p><p>Purpose of this thesis</p><p>The purpose with this thesis is to describe how valuation of family businesses is done from the perspective of an acquiring company.</p><p>Method</p><p>For this thesis a qualitative, hermeneutic approach was applied in order to understand the whole picture of the valuation of the family business phenomenon. A case study approach was carried out by carefully studying three acquisitions of small private family businesses in the service sector made by Company X.</p><p>Conclusions</p><p>The crucial skills to possess are experience, industry knowledge, intuition and most of all family business knowledge and experience when determining a fair value of a family business. The intangible assets of a family business, for instance reputation, culture and knowledge, together with different valuation methods contribute to the estimation of the value of a family business.</p>

<p>Problem: Problemet som legat till grund för intresset och inriktningen med denna magisteruppsats är då tidigare kontorsfastigheten Skatteskrapan skulle byta ägare och användningsområde. En planerad ombyggnad ställde till problem med avseende på uppskattningen av ombyggnadskostnader. I slutändan handlar problemet om ett värderingsproblem. Detta problem tillsammans med andra ex-empel där fastigheter bytt användningsområden har väckt ett intresse att göra en ingående undersökning av det svenska fastighetsvärderingsområdet. Denna uppsats är indelad i fem olika delundersökningar. Initialt sker en presentation av svenska metoder för fastighetsvärdering. Vidare under-söks olika faktorer som har olika värdepåverkande effekter på fastighetsvärdet. Därefter genomförs en undersökning av hur nya användningssituationer kan vålla värderingsproblem samt hur ett värde fastställs i en sådan situation. Nästa steg består utav en undersökning av internationella värderingsmetoder. Studien avslutas sedan med en undersökning av nya trender som utvecklats inom fastighetsvärderingen.</p><p>Syfte: Syftet med denna magisteruppsats är att studera fenomenet fastighetsvärdering via svenska fastighetsvärderare för att erhålla en förståelse för hur de resonerar vid valet av värderingsmetod och bestämmer det slutliga värdet. Dessutom är syftet också att belysa relationen mellan svenska och internationella värderingsmetoder för att utröna likheter och skillnader.</p><p>Metod: Vi har valt en kvalitativ metod i form av åtta intervjuer. En förstudie, i form av en intervju, görs med professor Stellan Lundström, vilken ämnar till att ge en uppdaterad bild av forskningen inom området. Därefter hålls sju intervjuer med auktoriserade fastighetsvärderare. Värderarnas synpunkter analyseras sedan tillsammans med resultat från förstudien, teoretiskt ramverk samt tidigare studier. Analysen är baserad på en modifierad tankemodell som är skapad av forskaren Jan Matts-son. Genom denna modell har sedan fem viktiga nivåer, knutna till uppsatsens problemområde, analyserats.</p><p>Slutsats: Vi fann att de svenska värderingsmetoderna i stort sett utgörs av tre olika metoder. Dessa är avkastningsmetod, ortsprismetod samt produktionskostnadsmetod. De viktigaste värdepåverkande faktorerna var fastighetens läge samt dess skick och standard. Även hyreskontrakten och vakanser påverker till stor del. Beslut om ny användningssituation kan tas av olika anledningar. Det största problemet relaterat till denna förändring är uppskattningen av framtida kostnader, där ombyggnadskostnader utgör den största svårigheten. De internationella värderingsmetoderna är överlag de samma som de svenska. Kulturella skillnader föreligger i vilka metoder som används i olika situationer. De viktigaste nya trenderna är effekten av de internationella redovisningsstandarderna. En annan trend är det ökade användandet av automatiska analysverktyg.</p> / <p>Problem: The underlying problem within this Master of Science thesis is the emanating issues from the changed owner and usage situation of the former Tax Department. A planned reconstruction led to difficulties in estimating the reconstruction costs. In the end this problem is an appraisal issue. This problem led to an interest to make a thorough investigation of the area of Swedish real estate appraisal. The thesis is constituted by five different subinvestigations. Initially an exploration is made concerning Swedish real estate appraisal methods. Further, factors affecting the real estate value are examined. This is followed by an investigation of what appraisal issues that might occur in a new usage situation and how the value is estimated in such a situation. The relation between Swedish and International appraisal methods is then illuminated. The final investigation is concerning what new trends that have occurred on the Swedish real estate appraisal market.</p><p>Purpose: The purpose of this Master of Science thesis is to study the phenomenon real estate appraisal via Swedish real estate appraisers to gain an understanding of how they reason when choosing appraisal method and determine the real estate value. Additionally, the aim is also to highlight the relation between Swedish and International real estate methods to reveal differences and similarities.</p><p>Method: We have chosen a qualitative method taking the form of eight interviews. A total of eight interviews are performed. The study is offset by a pre-study with a professor at RIT, Stellan Lundström. The aim with this interview is to get an updated view of the latest research within real estate appraisal. This is followed by seven interviews with certified real estate appraisers. The results from the interviews with the appraisers are analysed together with the pre-study, theoretical framework and previous studies. The analysing process is based upon a modified thought model, originally developed by the researcher Jan Mattsson. The analysing process is presented in five steps that all are connected to the modified thought model and related to the problem area of this Master of Science thesis.</p><p>Conclusion: We found that the Swedish appraisal methods generally are constituted by three methods. These are the avkastnings method, the ortspris method and production cost method. The most influent factors on the real estate value are the location as well as the condition and standard. Also the rent contracts and vacancies to some extent affect the value. A rather large problem originates in the estimation of future costs, where the estimation of reconstruction costs is referred to as the largest issue. The international appraisal methods are equivalent to the Swedish methods. The largest differences are of cultural kind mostly caused by differences in legislation. New trends that are presented are the impact of the international accounting standards (IAS). Another significant trend is the increased use of automatic real estate analysis tools.</p>

Thesis (Ph.D)--Public Policy, Georgia Institute of Technology, 2010. / Committee Chair: Noonan, Douglas S.; Committee Co-Chair: Norton, Bryan; Committee Member: Bowman, Kirk; Committee Member: Fox, Mary F. Part of the SMARTech Electronic Thesis and Dissertation Collection.

There are various value-influencing factors that have various effects on the value of a cooperative flat for buyers. What generates value is individual and different from buyer to buyer, but also between buyers and real-estate agents. Consequently, the real-estate agents who perform valuations can make incorrect estimates of a residential value. Therefore, it is important to examine which factors are important for buyers to prevent incorrect valuations. To find out which these factors are and which of them that are the most important for potential buyers, previous research has been done in larger cities in both Sweden and other countries. However, no previous research on how much impact these factors have on a cooperative flats value in smaller towns in Sweden has been done. Smaller towns are important parts of the real estate market. Research based on smaller towns could be analyzed together with research performed in larger cities. This would, regardless of if there are differences between larger or smaller cities or not, lead to more correct valuations by real-estate agents. This paper examines which factors that are most important for buyers in the purchase of cooperative flats in smaller towns. This research can be seen as a complement to previous research about valuation and value-influencing factors. A quantitative method was used with certain qualitative elements. The qualitative element consisted of an interview with a real-estate agent and the quantitative part was then based on the results of that interview in the form of a survey. The survey was conducted in two smaller towns, Ludvika and Kristinehamn, where 75 respondents participated in each city. The result was determined by examination of the average value of every value-influencing factor. An analysis of the results was performed with help of the theory. The theory mainly consists of a description of the real-estate market and various value-influencing factors such as the number of square meters. The conclusions drawn by the study was that monthly fee (rent), the tenantowners´ association's finances, the purchase price, balcony/patio, parking spot and a well-planned layout were important factors among the respondents. When these factors are the ones buyers value the most, they also increase buyers’ willingness to pay. Consequently, when evaluating cooperative flats, a higher price could be estimated if the described factors were met. / Det finns olika värdepåverkande faktorer som har olika stor påverkan på en bostadsrätts värde för köpare. Vad som genererar värde är individuellt och kan skilja sig mellan olika köpare men också mellan köpare och fastighetsmäklare. Av den anledningen kan fastighetsmäklare som i sitt yrke utför värderingar göra felaktiga uppskattningar av en bostads värde. Därför är det viktigt att undersöka vilka faktorer som för köpare är de viktigaste för att undvika att felaktiga värderingar utförs. För att ta reda på vilka dessa är och vilka av dem som är viktigast har tidigare forskning genomförts i större städer i både Sverige och andra länder. Det saknas dock tidigare forskning om dessa faktorer och hur stor påverkan de har på en bostadsrätts värde i småstäder i Sverige. Småstäder utgör en viktig del av fastighetsmarknaden. Forskning som utförts i småstäder skulle kunna sammanläsas med övrig forskning från större städer. Detta skulle oavsett om det finns skillnader mellan större och mindre städer eller ej leda till att mer korrekta värderingar skulle kunna utföras av fastighetsmäklare. Den här uppsatsen undersöker vilka faktorer som är viktigast för köpare vid köp av bostadsrätter i småstäder. Forskningen kan ses som ett komplement till tidigare forskning inom fastighetsvärdering och värdepåverkande faktorer. En kvantitativ metod användes med visst kvalitativt inslag. Det kvalitativa inslaget bestod av en intervju med en fastighetsmäklare som den kvantitativa enkätundersökningen sedan baserades på. Undersökningen utfördes i småstäderna Ludvika och Kristinehamn där 75 respondenter deltog i vardera stad, totalt 150 stycken. Resultatet fastställdes genom att varje värdepåverkande faktors medelvärde granskades. En diskussion av resultatet utfördes med hjälp av teori. Teorin består främst av en beskrivning av fastighetsmarknaden och olika värdepåverkande faktorer som kan vara till exempel antal kvadratmeter, bostadens läge och dess skick. Slutsatser som kunde dras av resultatet var att månadsavgiften (hyran), bostadsrättsföreningens ekonomi, inköpspriset, balkong/uteplats, parkeringsplats och välplanerad planlösning var viktigast för respondenterna. Då dessa faktorer är de som köpare värderar högst ökar med största sannolikhet deras betalningsvilja om dessa faktorer finns. Därmed kan vid värdering av bostadsrätter ett högre pris uppskattas om de beskriva faktorerna är uppfyllda.

This thesis asks the question: how do organisational activities become valuable? This is one of the most central questions in organisational life. Members and students of organisations devote a great deal of time pondering what activities and strategies organisations should pursue. They tackle practical questions such as what performance measures and standards to use in the evaluation of people and activities, which products to bring to market, and how to define a valuable balance sheet. The thesis investigates how organisations deal with such questions, and how organisational activities become valuable in practice. The question of how organisational activities become valuable is addressed using a three-part longitudinal case study in a listed multinational manufacturing company. In particular, the study traces the multiple and changing valuations of three central organisational activities: corporate strategy, product development and production. Drawing on recent work within the technological turn in economic sociology, the analysis uses the concept of framing to explain how calculative agencies emerge and valuations change. It is argued that this conceptualisation of how organisational activities become valuable has implications for established theoretical understandings of the relationship between accounting, control and value in the social studies of accounting. The thesis argues for an alternative understanding of how economic calculations are performed and control is exercised in practice. In particular, it proposes an approach for how to make questions of value the focus of analysis in accounting research, without taking the vantage point of any implied centre. / <p>Diss. Stockholm :  Stockholm School of Economics, 2015</p>