http://hdl.handle.net/11320/2604 2026-06-01T14:27:48Z 2026-06-01T14:27:48Z Kozioł-Kaczorek, Dorota http://hdl.handle.net/11320/2914 2022-02-21T10:57:16Z 2014-01-01T00:00:00Z

Tytuł: The Use of Combined Multicriteria Method for the Valuation of Real Estate Autorzy: Kozioł-Kaczorek, Dorota Abstrakt: A considered problem is a valuation of real estate. It is important to specify their exact market value, which is the result of several factors. Valuation of property is made on the basis of information and transactions on the local market. Moreover, the valuation always is based on the data of the similar properties. A comprehensive set of data is needed for these reasons. It is quite confusing because the number of transactions on the local market often is not sufficient. The purpose of this paper is to present a method for multicriteria valuation of real estate. This procedure is based on the Analytic Hierarchy Process (AHP) and the Goal Programming (GP). It was designed especially for valuation in situation in which information are limited. The proposed method was used for the valuation of the real estate located on Warsaw.

2014-01-01T00:00:00Z Milian, Anna http://hdl.handle.net/11320/2913 2022-02-21T10:53:33Z 2014-01-01T00:00:00Z

Tytuł: On Some Risk-Reducing Derivative Autorzy: Milian, Anna Abstrakt: In this paper, we propose some derivative designed for small stock investors. Using the Black-Scholes model we derive an explicit formula for the price of the derivative, computing its discounted expected payoff. The payoff is modelled on the payoff of the catastrophe bonds, random occurrence of a natural disaster is replaced by a random stock price falling. Different variants of the proposed derivative are obtained by introducing a parameter to the payoff of the derivative. By Monte Carlo method, to reduce the risk of large losses associated with the investment, indicated the variant of this instrument, appropriate to selected typical values of volatility of considered stock.

2014-01-01T00:00:00Z Zaremba, Adam Konieczka, Przemysław http://hdl.handle.net/11320/2912 2022-02-21T10:30:32Z 2014-01-01T00:00:00Z

Tytuł: The Relations Between Momentum, Value Size, And Liquidity Factors And Stock Returns On The Polish Market Autorzy: Zaremba, Adam; Konieczka, Przemysław Abstrakt: The paper examines the relations between selected company characteristics and common stock returns. In the paper, we concentrate on four well-recognized fundamental factors determining stock returns: momentum, value, size and liquidity. First, we review the existing literature in the field. Second, we investigate the relationship between fundamental factors and stock returns on the Polish market. Our computations are based on all companies on the Warsaw Stock Exchange listed in the period 2000-12. Our research provides fresh out-of-sample evidence for momentum, value, size and liquidity premium from the Polish market. Opis: The research outcomes in this paper were presented at The 2-dn International Scientific conference “Contemporary Issues in Business, Management and Education 2014” [Zaremba, Konieczka, 2014].

2014-01-01T00:00:00Z Sobol, Irena Kacprzak, Dariusz Kosiński, Witold http://hdl.handle.net/11320/2911 2022-02-21T10:25:11Z 2014-01-01T00:00:00Z

Tytuł: Optimizing of a Company’s Cost under Fuzzy Data and Optimal Orders Under Dynamic Conditions Autorzy: Sobol, Irena; Kacprzak, Dariusz; Kosiński, Witold Abstrakt: The purpose of this article is to suggest tools of inventory management which would determine economically optimal order quantities. One of them is based on the so-called fixed order quantity model which takes into account several elements of inventory cost, such as ordering cost, transportation and storing cost, frozen capital cost, as well as extra discounts. The tool is based on fuzzy concepts represented by Ordered Fuzzy Numbers. The second tool takes into account the dynamics and works on the basis of replenishment system. This tool can be treated as a kind of controller. Examples of using this tools are presented.

2014-01-01T00:00:00Z