No description available.

Во Введении обоснована актуальность темы исследования, описана методологическая и эмпирическая база исследования, поставлены цель и задачи. В первой главе представлен обзор научной и методологической литературы, выявлена система определений объекта и предмета, отвечающие цели исследования. Систематизированы сложившиеся модели, подходы и методы к оценке стоимости предприятий, выявлены те из них, которые наиболее полно отвечают реалиям настоящего времени. Вторая глава посвящена аналитическому описанию и расчету стоимости ООО “NF-Сервис”, в ходе которого применен метод дисконтированных денежных подтоков как наиболее полно отражающий рыночные перспективы компании. Здесь же предложена модель оценки, учитывающая уровни значимости внутренних и внешних факторов. В третьей главе проведена адаптация модели к текущим условиям деятельности оцениваемой компании, представлен скорректированный расчет ее стоимости, показаны и аргументированы изменения результатов оценки. Итоговые выводы по работе в целом приведены в Заключении. / The Introduction substantiates the relevance of the research topic, describes the methodological and empirical base of the study, sets the goal and objectives. The First Chapter provides an overview of scientific and methodological literature, identified a system of definitions of the object and subject that meet the objectives of the study. The existing models, approaches and methods for assessing the value of enterprises are systematized, those that most fully meet the realities of the present time are identified. The Second Chapter is devoted to the analytical description and calculation of the value of LLC “NF-Service”, during which the method of discounted cash inflows is used as the most fully reflecting the market prospects of the company. Here, a model of evaluation is proposed, taking into account the levels of importance of internal and external factors. In the Third Chapter carried out to adapt the model to current conditions of activity of the company being valued provides a corrected calculation of its cost, and shows convincingly change the results of the evaluation. The final conclusions on the work as a whole are given in the Conclusion.

Sustainable aviation fuels are one of the proposals that the aviation industry is adopting to reduce its impact on the environment. These are obtained by applying chemical processes to biological and non-biological resources, and their main objective is to replace conventional (fossil-derived) aviation fuel in their entirety. There are currently seven approved production pathways and two co-processing processes. Understanding the real impact of these fuels on the amount of emissions produced by an aircraft along a trajectory is essential to further develop sustainable proposals and regulations. So to understand how the use of these fuels affects total emissions, the model developed by Boeing to estimate aircraft emissions has been adapted to sustainable aviation fuels using the Lower Heating Value as a proposal throughout this project. The methodology has been applied to a real flight between Stockholm Airport and Bordeaux Airport. Four different scenarios, characterized by varying fuel blends, have been studied: exclusive use of kerosene, 10% sustainable fuel blend, an equal 50% blend of each fuel, and sustainable fuel only. The analysis has been performed for five different types of non-conventional fuels; Shell FT-SPK, Sasol FT-SPK, UOP HEFA-SPK, Coconut HEFA-SPK and Hevo ATJ-SPK. At large, two trends have been detected in the effect of these fuels on total emissions; some types of SAF have increased CO and HC emissions and reduced NOx emissions compared to kerosene, and others whose behavior has been the reverse. In addition, the percentage of fuel used has an impact on total emissions. It can be concluded that no non-conventional fuel type among those studied has been found to produce a reduction in all types of emissions, however, given that their life cycle is circular, they do contribute to making the aviation sector more sustainable by reducing CO2. The results can help to better understand the impact of this type of fuel, as well as provide valuable information for decision-making in the implementation of sustainable strategies in the aviation industry. / Hållbara flygbränslen är en av de förslag som flygindustrin antagit för att minska sin påverkan på miljön. Dessa bränslen framställs genom att tillämpa kemiska processer på biologiska och icke-biologiska resurser, och deras främsta mål är att helt ersätta konventionellt (fossilbaserat) flygbränsle. För närvarande finns det sju godkända produktionsvägar och två sambehandlingsprocesser. För att förstå den verkliga påverkan av dessa bränslen på mängden utsläpp som produceras av ett flygplan längs en bana är det nödvändigt att vidareutveckla hållbara förslag och regler. För att förstå hur användningen av dessa bränslen påverkar totala utsläpp har modellen utvecklats av Boeing för att uppskatta flygutsläpp anpassats till hållbara flygbränslen genom att använda lägre värmevärde som förslag i hela detta projekt. Metoden har tillämpats på en verklig flygning mellan Stockholms flygplats och Bordeaux flygplats. Fyra olika scenarier, karakteriserade av varierande bränsleblandningar, har studerats: enbart användning av flygbränsle, 10% hållbar bränsleblandning, en jämn fördelning av 50% av varje bränsle, och enbart hållbart bränsle. Analysen har utförts för fem olika typer av icke-konventionella bränslen; Shell FT-SPK, Sasol FT-SPK, UOP HEFA-SPK, Coconut HEFA-SPK och Hevo ATJ-SPK. Generellt sett har två trender observerats beträffande dessa bränsles effekter på totala utsläpp; vissa typer av hållbara bränslen har ökat CO- och HC-utsläppen och minskat NOx-utsläppen jämfört med flygbränsle, medan andra har haft motsatt beteende. Dessutom har procentandelen bränsle som används en påverkan på totala utsläpp. Det kan dras slutsatsen att ingen av de studerade icke-konventionella bränsletyperna har visat sig minska alla typer av utsläpp. Men med tanke på att deras livscykel är cirkulär bidrar de till att göra flygsektorn mer hållbar genom att minska CO2. Resultaten kan hjälpa till att bättre förstå denna typ av bränsles påverkan och tillhandahålla värdefull information för beslutsfattande vid införandet av hållbara strategier inom flygindustrin.

The main aim of the diploma thesis is to determine the market value of a corporation for the purpose of choosing an alternative to maintain the owner's regular financial income or to ochieve a one-off income from the sale of this business corporation. The chosen company was MADETA a. S. The DCF method was chosen for the award. The characteristics of the selected company, the strategic and financial analysis, the value generators and the financial plan are processed. All this was used to determine the market value of the corporate corporation as of December 31, 2015. In the end of the thesis, the alternative of maintaining the owner's regular financial income or a one-off income from the sale is evaluated.

This thesis aims to find an optimal method for the creation and evaluation of the investment and use this method in the analysis of a specific investment objective. Was chosen option to acquire an investment bank loan with 30% participation and recovery time of three, respectively. four years, finance lease with a 30% repayment of outstanding recovery time also with three, respectively. four years, own resources. Other variants were designed alternative to hiring a car transport and rental vehicles through operating leases. Based on the discounted cash flow is optimal variant chartered transport. Acquisition of investments (new vehicles) is disadvantageous for the company.

This diploma thesis deals with methods and options of valuation of companies.An integral part of the valuation is also financial analysis, strategical analysis and financial plan for year 2015 - 2019. The aim is to valuate a specific company GMF Aquapark Prague a.s. which is an entrepreneur of water park in Čestlice near Prague. I used to valuation by discounted cash flow method and economic value added method. The company is valuated to date 31. 12. 2014.

The goal of the thesis is to valuate the company Rodinný pivovar Bernard a.s. for the purpose of possible sale or merger in the future. The thesis is divided into a theoretical and a practical part. The theoretical part explains the valuation procedure, particular analyses and methods used in the practical part. A discounted cash flow method was applied, specifically the two-phased model using free cash flow to the firm. The practical part started with a strategic and financial analysis, which helped to build a financial plan. The financial plan made a basis for valuation of the company by income method.

The aim of the diploma thesis is to determine the value of the construction company as at March 1, 2010. The thesis is divided into 2 parts -- theoretical and practical. Theoretical part deals with techniques, methods, and tools of company evaluation. Practical part applies these methods to the company. Basic information about the company is presented in the beginning of the practical part. The following strategic analysis consists of analysis of development of macro-environment and micro-environment, and financial analysis, which evaluates the performance of the company. The financial plan of the company is prepared based on acquired information. Two-phase discounted cash flow method in the version of FCFF was applied for the valuation of the company.

The aim of the diploma thesis is to estimate the objectivised value of the Czech engineering company HTP s.r.o. based on the same concept up to 1. 1. 2011. Valuation is performed using discounted cash flow (DCF equity) with limited lifetime and book value method. The work includes financial analysis, strategic analysis, analysis and prognosis value generators, financial plan and final valuation.

The diploma thesis deals with the issue of determinig the value of the company operating in the automotive industry. The thesis deals with summarizing the theoretical backgrounds, which also explain the methods and procedures that are related to the valuation of economic subjects themselves. The analytical part identifies the company, processes the financial statements and, on the basis of them, creates the prerequisite for a correct numerical representation of the strategic and financial analysis. The valuation itself is part of the final portion, which is based on discounted cash flow and economic value added. Consequently, a summary evaluation of the achieved results for the monitored period 2012 – 2017 is produced.