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Risk Management in the Ex-Ante Phase of Construction Investment Projects
Kalisa, Eric ; Schneiderová Heralová, Renáta (referee) ; Hromádka, Vít (referee) ; Janovská, Barbora (referee) ; Korytárová, Jana (advisor)
Cílem této práce je vytvořit specifický registr rizik a vyhodnotit kvalitativní a citlivostní analýzu rizik posuzovaných v ex-ante fázi investičních projektů výstavby. Výzkumným úkolem je identifikovat a následně ověřit korelace a interakce mezi působením jednotlivých rizikových faktorů při hodnocení ekonomické efektivnosti projektů. V každé fázi výstavby jsou určitá rizika, která je třeba vzít v úvahu, fáze budou rozděleny na části a související činnosti, výzkum rizik při investování do stavebních projektů bude proveden na vzorcích výzkumných projektů v různých fázích, různé geografické poloze a různé velikosti investice. V této práci je popsáno řízení rizik a analýza rizik pomocí analýzy citlivosti, SWOT analýzy a po analýzách je dokončen registr rizik pro rizika a jeho zmírňující opatření. Autoři se zaměřují na finanční a environmentální rizika při investování do výstavby skladových a výrobních haly.
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The effect of the development of supply parameters on the selling price of houses
Jandásková, Tereza ; Schneiderová Heralová, Renáta (referee) ; Sedláček, Jan (referee) ; Cupal, Martin (advisor)
The dissertation thesis deals with the development of supply parameters, specifically, time on market ("TOM") and the share of the initial asking and selling price IP. In the research carried out as part of this thesis, the asking prices are monitored for the duration of their time on the market until the realization of the transaction as indicators of the market efficiency. As part of the microeconomic research, a database of houses in the district of Brno – venkov is created with 631 completed transactions, where the asking price, selling price, time on market including individual changes in the asking price during the time on market and other relevant characteristics of the individual houses is being tracked. A total of 39 variables were monitored. The primary output of the thesis is the creation of a functional statistical model applicable in microeconomic Czech conditions together with the proposed process model. Another output of the dissertation thesis is the influence of the technical condition on the selling price of houses including defining all significant price-setting factors on the selling price. Statistical tests confirmed the significant influence of the technical condition variables on the selling price. In addition to the recommended values for use in determining the market value price, the work also contains parametric equations for both investigated variables. The first variable examined in more detail was IP, which was examined based on the binary variable "price change" by a logit model. The results point to a primary effect of the time on the market, which, however, is not uniform. The second research variable was TOM, which was examined using a 2SLS model due to its endogenous relationship to selling price. The practical application of the dissertation thesis is in increasing the efficiency and accuracy in estimating the market value of real estate based on the comparative valuation method (SCA - Sales Comparison Approach) in the investigated market segment and selected location. As well as increasing their reviewability and transparency, valuation reports, estimates and expert opinions.
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Assessing the effect of the structural design on the value of the structure within its life cycle
Hrdlička, Tomáš ; Korytárová, Jana (referee) ; Schneiderová Heralová, Renáta (referee) ; Cupal, Martin (advisor)
The dissertation focuses on a much-discussed topic in the field of construction of houses and the choice of material base of houses. The research is motivated by the fundamental question of whether wood-based houses (wooden buildings) are cheaper or more expensive than brick-based houses. The two most frequently used material bases are therefore subjected to a series of analyzes, both in terms of acquisition and investment costs, respectively, and in terms of life cycle costs focused to structures. At the same time, attention is paid to other pricesetting factors that significantly affect the investment costs of houses. Based on the analysis of a database containing 1.520 houses, the material base appears to be a variable that has a very small effect on the costs, and this difference can often be overshadowed by other variables such as the size of the family house,the amount of floors, heating, etc. At the same time, the work verifies the relevance of commonly used methods of cost valuation of houses (price indicators, cost method according to the price regulation 441/2013 Coll., as amended) in comparison with investment costs determined on the basis of market data. There was found high deviation. The analysis of selected phases of the life cycle of family houses points to higher costs associated with structures during the entire life cycle of wooden buildings. Specifically, the difference is on average 6.1 %.
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Sustainable management of church property
Nedvědová, Klára ; Schneiderová Heralová, R.
The aim of the paper come from absence of methodologies and tools for the management and the sustainable development of real property of various religious institutions. There is need to provide tools to determine the technical, legal and economic limits for management of church property. Special emphasis is placed on the specifics of the issue with the fact this is not a common owner or investor, but to link the two worlds, the secular and the spiritual. It will also take into account the fact that the property generally is not ordinary real estate, but in many cases also cultural heritage. This fact requires a special approach to the valuation of assets, and in its management and investment planning. In involves following steps: Guide for administration of church real estate managed by basic processes of sustainable administration. Valuation of church real estate including abandoned monuments and small monument in landscape. property in the past and present.
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