Working Papers in Accounting Valuation Auditing No. 2010-5
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.
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