Publisher:
Friedrich-Alexander-Universität Erlangen-Nürnberg, Lehrstuhl für Rechnungswesen und Prüfungswesen, Nürnberg
Abstract (Translated):
The combination of experts' probability distributions involved in a due diligence is valuable for encapsulating the accumulated information for decision makers and providing the current state of expert opinion regarding important uncertainties. Therefore, this paper shows how to create and combinate experts' probability distributions which can be used in a monte-carlo simulation to calculate company values.
Subjects:
Unternehmensbewertung
Due Diligence
Monte-Carlo Simulation
Delphi-Methode
Szenarioanalyse
Sensitivitätsanalyse
Expertenbefragung
Wahrscheinlichkeitsverteilung
Simulationssoftware
valuation
due diligence
monte-carlo method
simulation
business forecast
forecast uncertainty
scenario analysis
sensitivity analysis
probability distribution
combining probabilities
expert judgment