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The aim of the paper is to introduce Kirzner's theory of entrepreneurial discovery as a complement and an alternative to the mainstream theory. In the first and the second sections, the author explains the main influences of Ludwig von Mises and Friedrich August von Hayek's works on...
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The paper focuses on possibilities of the qualitative risk analysis of a project, which appears scarcely in literature compared to the more sophisticated techniques of risk analysis, such as simulations. Identified are elementary processes of risk analysis ranging from the risk identification to...
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The qualitative changes in surroundings for companies operation are calling for necessity of assertion new tools and method, which will help to increase the quality of decision making and firm evaluation. To these tools belong scenarios and Monte Carlo simulation. The aim of the article is to...
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The adoption of investment solutions uncertainty factors provide project risk, i.e. the risk of loss of resources …, incomplete acquisition of the required income and occurrence unexpected expenses. The presence of different types uncertainty … that allow to formalize different types of uncertainty. Among the various methods of modeling under uncertainty it is …
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