Elastyczność decyzyjna i ryzyko w ocenie projektów inwestycyjnych przy zastosowaniu metody pay-off

The paper presents a a fuzzy pay-off method for the assessment of investment projects. This method allows the evaluation of investment project as an option kind. Use it independent of the three scenarios is an important element to take into account also the flexibility of decision-making. The examples presented applicable method for the evaluation of investment projects took place in the hard coal mines.