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Business centre
Soudek, Jan ; Šmak, Milan (referee) ; Bajer, Miroslav (advisor)
The subject of this thesis is the design and assessment of steel construction of the shopping center in Chrudim in Pardubice region. Business center was designed as a three-aisled with a common space in the middle. Each hall has a platform 48.0 meters x 63.0 meters, shared space is a ground plan the shape of an equilateral triangle with sides of 48.0 meters. The construction of halls in the transverse direction comprises three trusses. The two beams are to span 20.0 meters and a span of one to 8.0 meters. Clearance height ranges from 8.0 to 10.0 m. The main structure is made of rectangular hollow sections, tubes of circular profiles and will be awarded. The axial distance trusses is 7.0 meters.
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Sports Hall
Soudek, Jan ; Šmak, Milan (referee) ; Bajer, Miroslav (advisor)
This thesis deals with the design of steel structure of the sports hall in the Chrudim region. The hall has a rectangular shape with dimensions of 35 x 57 m and a height 10,65 m. Traverse bond makes a square truss with span of 35 m placed on columns. Purlins with span of 6 m are placed on the trusses. Roofing and curtain wall is made of sandwich panels.
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Economic Analysis of Organizing Ice Hockey World Championship 2015 in Ostrava and Prague
Halásová, Michaela ; Soudek, Jan (advisor) ; Fišerová, Tereza (referee)
In many cases the organization of major sport events brings various benefits to hosting economies, especially those resulting from encouraged tourism. However, these events carry extensive costs coming mostly from public resources which could be used for other purposes, e.g. healthcare. The main goal of this thesis is to analyze the socioeconomic impact of the Ice Hockey World Championship 2015 on Prague and the Moravian-Silesian Region using a Cost-Benefit Analysis in which costs and benefits are summed up and benefit-cost ratio calculated. In our analysis we conclude that the event was beneficial not only for the Czech Ice Hockey Association; the hosting organization reporting profit of 450 million CZK before taxes but also for the regions with a benefit-cost ratio of 5.53, meaning that the benefit created equals 5.53 times the amount the regions invested into the event. Moreover, in this analysis we confirm an overall positive effect of the championship on tourism. Keywords cost-benefit analysis, Ice Hockey World Championship 2015, Prague, Ostrava, Moravian-Silesian Region, economic impact, major sport events, tourism
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Public procurements : institutional analysis of the competitive proceeding in government procurements
Soudek, Jan ; Kouba, Karel (advisor) ; Vacek, Pavel (referee)
This thesis focuses on institute of the public procurement from the economic point of view. Especially it is trying to analyze institutional factors affecting process of public competition. First part defines economic term "public procurement" and shows, how important is this institution for the economy. Than describes the Public procurement law and others formal rules. Second part is focused on economical aspects of public procurements, namely on transaction costs, economic model of submitter, competition mechanism and determinants of its effectiveness. End of theoretical part is trying to implement the theoretical framework of the rent-seeking on public procurements. Last Chapter is empirical analyze of the randomly chosen set of 278 public procurements in civil engineering works, which were realized in Czech Republic since 2005 till 2007. Mainly it tries to approve the hypothesis about effect of explicit competition on the final price (as a percentage of the approval price) and shows the positive effect of use the most transparent proceeding on this price-ratio.
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Public Procurement of homogeneous goods: Czech Republic case study
Soudek, Jan ; Skuhrovec, Jiří (advisor) ; Hrubý, Zdeněk (referee)
The goal of this thesis is to show that institutional and procedural characteristics are affecting the final price of the public procurement. In order to be able to compare the tenders among each other, only public procurement of homogeneous goods is analyzed. The presented model attempts to explain a variation in final price per one unit as a function of estimated unit price, market price and characteristic of procurement procedure - type of procedure, number of bidders and use of electronic auction. In case of electricity and gas public procurement final price elasticity with respect to the estimated price tents to be higher than such elasticity with respect to the market price. This result suggests high rigidity in public procurement procedures. We show that such ineffectiveness is reduced by using open procedure, electronic auction or attracting more bidders.
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Living Standards Measurement Using Income and Expenditure for the Czech Republic
Tachovská, Tereza ; Janský, Petr (advisor) ; Soudek, Jan (referee)
(in English) The aim of this thesis is to show the differences in results regarding living standards when using income and expenditures in the Czech Republic. The main factor which leads to inaccuracy in the results when using only income is consumption smoothing. The thesis examines income and expenditure inequality and poverty between 2001 and 2011. Each measurement uses more measures (coefficients, indices, etc.) to gain the most comprehensive impression possible and to avoid possible deficiencies. Namely, the head count ratio, the aggregate poverty gap, the Sen index and the Takayama index for poverty, and the Gini coefficient, the coefficient of variation and the Theil index for measuring inequality are used. An analysis of the relationship between average income and expenditures shows that average monthly income was higher than expenditures. The trend in inequality was more or less the same for income and expenditures when considering the whole population (constant or increasing depending on the measure used); with regard to the inequality of pensioners, the results were quite different depending on the measure. Expenditure poverty for the whole population exceeded income poverty, whereas for pensioners' households it was the other way around. The whole population, poverty was relatively...
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Public Procurement of homogeneous goods: Czech Republic case study
Soudek, Jan ; Skuhrovec, Jiří (advisor) ; Mertlík, Pavel (referee)
The goal of this thesis is to show that institutional and procedural characteristics are affecting the final price of the public procurement. In order to be able to compare the tenders among each other, only public procurement of homogeneous goods is analyzed. The presented model attempts to explain a variation in final price per one unit as a function of estimated unit price, market price and characteristic of procurement procedure - type of procedure, number of bidders and use of electronic auction. In case of electricity and gas public procurement final price elasticity with respect to the estimated price tents to be higher than such elasticity with respect to the market price. This result suggests high rigidity in public procurement procedures. We show that such ineffectiveness is reduced by using open procedure, electronic auction or attracting more bidders. JEL Classification H57, D23, D73, C21 Keywords: public procurement, homogeneous goods, energy markets
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Bid Protests in Public Procurement: Czech Case
Nedvěd, Adam ; Skuhrovec, Jiří (advisor) ; Soudek, Jan (referee)
Bid protest mechanisms provide supervision over public procurement processes. If set up properly, these mechanisms improve both ex-ante and ex-post e - ciency of public procurement. However, decentralisation of the oversight can create opportunities for bidders to strategically abuse the system at the soci- ety's expense. In order to assess e ciency of the Czech bid protest mechanism, an empirical policy analysis of was conducted using a unique combined dataset of all bid protest rulings of the Czech supervising authority linked to a com- plete dataset of public contracts procured between 2007 and 2014. Econometric methods for panel data analysis were employed in order to estimate e↵ects of bid protesting on returns in form of awarded contracts. The selected approach made it possible to focus on individual relationships between contracting au- thorities and their suppliers. The results show significant di↵erences between returns of protest against EU co-funded and EU unfunded contracts. Moreover signs of strategical system abuse related to public works contracts were found.
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Political Connections and Public Procurement: Evidence from the Czech Republic
Palanský, Miroslav ; Janský, Petr (advisor) ; Soudek, Jan (referee)
According to the existing literature, political connections can add value to the connected firms. This thesis analyzes whether political connections created by donations to political parties affect the allocation of public funds through procurement spending in the Czech Republic. Using a novel dataset on all corporate political contributions made between 2006 and 2013, it focuses on the extreme change in control of the regional councils following the 2008 elections. We start by observing the general patterns of behavior of regional governments as contracting authorities which seem to support the potential of corruption. In the second part, we focus on the effects of donations to the two most powerful political parties in the regional councils during the examined period on regional public procurement outcomes. The applied econometric methods suggest that donating companies win public contracts of higher value compared to non-connected firms in times when their supported party is in power. Controlling for the size of the firms, the results remain significant and confirm the notion that larger companies win contracts of higher value than smaller firms. Powered by TCPDF (www.tcpdf.org)
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Quality Investing: Combining the Gross Profitability with the Free Cash Flow Yield
Dopita, Jiří ; Brushko, Iuliia (advisor) ; Soudek, Jan (referee)
This thesis examined the predictive power of different strategies for future stock returns. The analysis was conducted using a data sample of 3976 firms traded on the New York Stock Exchange (NYSE) and NASDAQ during a 29 year time horizon, from July 1986 to June 2015. Predictive powers of different strategies were also tested during three sub-periods and during bull and bear markets using both long-only and long/short portfolios to check whether the predictive power is robust. It was found that the FCF yield is a better indicator of future stock returns than the gross profitability. The difference between average monthly returns was significant during all tested time periods and market situations using both long-only and long/short portfolios. The newly introduced FCF profitable value strategy proved to be a better predictor of future stock returns than the profitable value strategy. The FCF profitable value strategy presents also an improvement over the FCF yield strategy. It was found that the FCF profitable value has a better predictive power for future stock returns than the FCF yield at least during some time periods or market situations. JEL Classification G11, G14, G15, G17 Keywords value investing, quality investing, gross profitability, free cash flow yield Author's e-mail...
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