DECISION MODELS IN THE VALUATION OF THE PROPERTY

At present we are much more likely to witness the sale, purchase, merger undertakings and other transactions with companies. With these phenomena there is inextricably linked the need for unbiased business valuation, namely the determination of its market value. The valuation of the business assets is affected by objective as well as subjective factors. Objective factors can be quantified and determined for example by mathematical and statistical methods, however subjective factors depend on the preferences of the individual and his perceptions on benefits that evaluated  subject will have. Every business has its peculiarities and therefore some companies require a specific approach in the valuation, therefore selection of an appropriate valuation model is not automatic nor simple. In this context new valuation models are arising and existing models are being constantly reviewed, disputed or improved. Main purpose of this paper is to describe the decision-making model, the use of which can facilitate selection of valuation approach and methods. The model is drawn under the conditions of the Slovak Republic.