Working Papers in Accounting Valuation Auditing 2010-8
Non-financial risk factors play a fundamental role in supporting the competitive position of companies in many of today's industries. Though, assessing these ambiguous factors in a valuation based on a Monte-Carlo simulation is particularly difficult. This paper presents how the fuzzy-set theory allows these factors to be assessed explicitly and how the resulting outcome can be linked with a stochastic model.
Monte-Carlo Simulation Fuzzy-Set Theorie Unternehmensbewertung Unschärfe wissensbasierte Systeme Linguistik qualitatives Risiko Due Diligence Risikoanalyse fuzzy-set theory valuation fuzziness expert systems Balanced Scorecard non-financial risk factors due diligence risk analysis