Masterarbeit aus dem Jahr 2009 im Fachbereich BWL - Sonstiges, Note: 1,7, FOM Essen, Hochschule für Oekonomie & Management gemeinnützige GmbH, Hochschulleitung Essen früher Fachhochschule, Veranstaltung: MBA, Sprache: Deutsch, Abstract: Renewable energies became a crucial factor within the energy industry. They developed from a fringe area to a competitive and sustainable alternative for nuclear power as well as for other energy types. The increasing importance of the use of renewables is also the result of an effective support policy for example by the German government. The focus of this master thesis lays on the electricity usage of renewable energies because nowadays electricity becomes a vital drug without alternative; otherwise the 24:7 rhythms of the today ́s information society would not be possible and this yields to needs which have to be fulfilled by the utility companies. This thesis analyses how decisions could be made by handling these situations. Special emphasis is given to the interaction on the markets of the renewable sector and the resulting impacts on different players. The task creates new challenges to the analysis of decision making. In order to deal with this, a questionnaire is developed which is made for the concept of the prisoners' dilemma which is an example out of the game theory. Game theory as special approach of the overall decision making theory helps to understand how market players interact in different alternatives. The main challenge involved is the level of detailed information to predict in a certain kind the moves of the market ́s player. The outcome of the developed questionnaire is used to fill the payoffs within the game matrix without no real equilibrium, which is necessary for a certain validation of the decision, can be found. The analysis part puts all information together and develops such a tool for an easier and more structured way to make a decision based on the game theory and the decision making process. T
Diplomarbeit aus dem Jahr 2003 im Fachbereich Informatik - Wirtschaftsinformatik, Note: 1,3, Verwaltungs- und Wirtschaftsakademie Essen , 96 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: Die zunehmende Globalisierung und Liberalisierung der Märkte, der Wandel von Anbieter- zu Nachfragemärkten und die abnehmende Kundenloyalität verschärfen den Wettbewerb und führen dazu, dass Unternehmen ihre Aktivitäten immer stärker am Kunden ausrichten, um wettbewerbsfähig zu bleiben. Durch die sich ständig weiterentwickelnde Technologie entstehen immer neue Informationssysteme, die die Unternehmen in allen wichtigen Geschäftsprozessen unterstützen und zum Erhalt der Wettbewerbsfähigkeit und Positionierung am Markt beitragen. Im täglichen Einsatz dieser Systeme fallen eine große Menge unterschiedlichster Daten über Kunden, ihr Kaufverhalten, Reaktionen auf Werbeaktionen, etc. an, die sich ein Unternehmen durch eine entsprechende Auswertung und anschließende Integration der Analyseergebnisse in die Geschäftsprozesse zunutze machen kann. Um die enormen Datenmengen strukturiert analysieren, sinnvoll interpretieren und auf den Unternehmenserfolg abgestimmt auswerten zu können, werden computergestützte Werkzeuge und Methoden zur Datenuntersuchung benötigt. Ein Bereich, welcher zu diesem Zweck immer häufiger zum Einsatz kommt, ist das Gebiet des Data Mining (DM). Das Data Mining beinhaltet Verfahren und Algorithmen zur Wissensaufdeckung in Datenbanken und wird deshalb auch als "Knowledge Discovery in Databases (KDD)" bezeichnet. Mit Hilfe von DM können für ein Unternehmen wichtige Fragestellungen wie "Werden Chips und Bier in der zweiten Jahreshälfte genauso häufig gekauft wie in der ersten?" oder "Wie entwickelt sich der Aktienkurs der Firma Meier, wenn der Kurs der Konkurrenzfirma Müller sinkt?" etc. beantwortet werden.
Seminar paper from the year 2007 in the subject Business economics - Investment and Finance, grade: 1,5, University of Applied Sciences Essen, course: Financial Management I, language: English, abstract: The European energy power markets continue to be one of the major topics of political, industrial and financial discussions and meetings. Prices of the energy products are increasing due to declining reserves and the emerging countries like China and India are fueling a constant growth in world-wide demand. The right energy mix for the utility companies is becoming more and more important as well as the investments in a ‘cleaner’ energy due to ecological issues are necessary. For a utility company a powerful standing is essential to secure these supply issues for short and longterm supply. This is maybe one reason for the upcoming consolidation in the energy market. E.ON is also trying to play this game. Its strategic and financial goals through the merger with Endesa are to create the world’s leading power and gas company and therefore, a stronger presence in the European and American market as well as to create an advanced financial value for the shareholders. Generally for mergers it is important that both, investors in shares and managers of companies seeking to make acquisitions, need to know how much a company is worth and how much they are willing to pay for their investment. Therefore, the authors outline the theoretical background of valuating companies and will show how different valuation techniques can be used in different contexts. As for every acquisi-tion, on the one hand the possible buyer should always bear in mind that: “Price is what you pay, value is what you get”. On the other hand it is also important to keep in mind that: “A thing is worth whatever the buyer will pay for it”. These are two statements which are also important beside the valuated company values. For that reason, the authors valuate Endesa with two different valuation methods including their different approaches. First of all the Discounted Cash Flow (DCF) method will be applied. Herewith the authors will use the three different approaches: entity, equity and the adjusted present value technique. Afterwards these results are validated with three different multipliers by using the multiplier method. The average result – without the result of the Discounted Cash Flow method / equity approach – of these calculation is an estimated share price of 41,81 €/share or a corporate value of about € 44,262 billion for Endesa. The last bid of E.ON was placed on 02. February 2007 with a value of 38,75 €/share this means a corporate value of € 41,027 billion.
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