The Dynamical Behaviour and Control of an Enterprise: Firm and Consumer as the System, Management as the Controller

This thesis develops a method to forecast the cash flows that determine the value of an enterprise. From a control engineers perspective, three stages arise to develop such a method: the research, the system and the control part. The research part presents the results of a control theoretic analysis of PricewaterhouseCoopers’ (PwC) valuation...