Abstract

The activities of valuation and appraisal of old and rare books are analyzed as a professional service to be provided by experts in the field. First, a general outline is presented on the need of such experts as advisers and intermediaries between the participants in the business of acquiring and selling old and rare documents. An approximation to the status of such an expert is provided, including scope of action, origins and causes, and detailing a typology of the most frequent tasks in which he/she may be involved and a comprehensive procedure for this professional course of activity.

Abstract

itle"Abstract"/jats:title""jats:p"The paper addresses an analysis of potential synergies in collaboration between an observed Port in the Mediterranean Sea and Central-European logistic railway-services based company. Both companies have established a strategic partnership. The main motive was cooperation in rail transport, with a particular emphasis on potential synergies that would a rail traffic have brought to a port’s business. For the purpose of synergies valuation under uncertain conditions, a Monte Carlo simulation-based framework with integrated discounted cash flow (DCF) model is applied. The possible values of future synergies are calculated via the DCF model by simultaneously changing values of different uncertain financial parameters at each repetition of a Monte Carlo scenario-playing mechanism. In this process, predicted forecasts of future synergetic throughputs are also used for various types of observed cargo. As it turned out, the generated synergies’ values follow the approximate normal distribution. Based on statistical inference and analysis of probability intervals it was discovered that there might indeed exist certain important synergies in the collaboration between both companies. This fact has convinced us into a belief in the correctness of companies′ decision to enter into such kind of strategic cooperation. Document type: Article