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State vs. Market in Provision of Health Insurance
Janíčková, Martina ; Chalupníček, Pavel (advisor) ; Běláčková, Vendula (referee)
The present work deals with the health insurance, the views of how health insurance is provided and with the related problems. The objective is to outline theoretically and from the aspect of insurance the principles of insurance, to define the estate of health and its specificity and the problems associated with insurance. The next theoretical part deals in general with the arguments favouring the interventions by the government and with the government failures. In the analytical level, there is the effort to describe how the health insurance system in the U.S.A. is working, namely in the country the health system of which is the closest to the market model, and to compare it with the European systems. The main problems of the health care systems in the U.S.A., namely the high prices, number of uninsured persons that are attributed right to the market failures, are viewed from the perspective of government failure and regulations. A historical view of the operation of fraternal societies is included. Such societies successfully operated without any government interventions and their original legacy was practically destroyed through government interventions.
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Project Finance Possibilities in the Czech Republic
Kráľová, Michaela ; Černohlávková, Eva (advisor) ; Čajka, Radek (referee)
The objective of the thesis is to analyze numerous project financing possibilities in the Czech Republic. The thesis introduces the framework of project finance, together with its definition and fundamental characteristics. Furthermore it aims to identify the issues of risk analysis and risk management. The final section of the thesis provides an overview of the current global project finance trends and identifies the situation in the Czech Republic. Additionally, the thesis includes a case study of the first Czech energy finance project - ECKG Kladno.
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Inlflation and risks in evaluation of PPP projects
Mora, Igor ; Valach, Josef (advisor)
Thesis focuses on issues of inflation and risks in evaluation of PPP projects. It sets the basic assumptions and standards for risk identification and administration in PPP projects and furthermore discusses their impact on Value for money and Availability payment. The thesis sets the basic rules for incorporating the inflation and risks into the PPP alternative and sets the rules for economic evaluation of PPP against PSC alterantive (Public Sector Comparator). For the illustration a hypothetical project of construction of primary and secondary schools has been worked out. For the evaluation of economic impact and selection of PPP vs. PSC alternative a standard financial model has been prepared. It focuses on analyzing the Value for moeny and seting up the Availability payment.
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Significance of risk analysis during IS audit
Guznar, Jiří ; Svatá, Vlasta (advisor) ; Říhová, Zora (referee)
The essential theme of this thesis is the problems of information systems audit. Main aim is to analyze the position of this audit within the internal audit framework and the significancy of risk analysis for audit. This thesis subsequently identifies the most important international standards and methodics concerning this problem area. In the risk domain it focuses above all on risk specifics in the framework of information systems area and technologies. The main goal of this thesis is to create a guideline for audit process. The theme is elaborated in the way of study of accessible domestic and foreign literature and electronic resources. The outcome of this thesis is the settlement of work up of findings from internal audit area, from informational system audit and from risk analysis and risk management. Main contribution of this thesis is the self-constructed guideline covering the whole process of audit, which is based on evaluation of risks and their analysis. The surveyed area can be assessed as progressively developing with raising importance because of still bigger development in the information technology area.
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Techniques and instruments of decision making under risk for one-phase decision problems.
Horčička, Jan ; Švecová, Lenka (advisor) ; Fotr, Jiří (referee)
This thesis is focused on decision models for decision making under risk and uncertainty. The thesis should give a comprehensive insight about individual decision criteria and the reader should form a clear picture about usability of these models for solving particular decision problems. The thesis tries to provide objective point of view to the reader with highlighting the advantages and disadvantages of each model. In the frame of decision making under risk, the thesis mentions the expected value rule, the rule of expected value and variance and the stochastic dominance rules. For the field of decision making under uncertainty, the thesis brings up the Laplace's criterion, the Hurwicz's criterion and Savage's regret criterion. The thesis further deal with the theory of expected utility. It brings up the method of construction of the utility curve, methods of usage and also known deficiencies of the theory when used in real world situations. In connection with utility theory, the thesis introduces the expected utility rule. For mapping future development, the thesis work with probability trees and explains their usability for modeling situations under risk and uncertainty. For all of the featured decision criteria, the work shows their applicative usage by using a prefigurative example. The reader should therefore know, how to proceed when using mentioned models for solving real decision problems.
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Evaluation of investment oportunities in the real estate market
Kohnová, Michala ; Sieber, Patrik (advisor) ; Zekov, Dimitar (referee)
This thesis contents the evaluation of the different investment oportunities and their risks in the real estate field against the macroeconomic area of the Czech Republic and the current financial crisis (speculative purchase of lands, comercial real estate, residential real estate). The actual situation on the real estate market is described with the help of the statistic data of the current building-up, average prices, interest rates etc. It is targeted on the particular risks, which can appear during the development proces. To each risk is described the instruction how can we handle them. At the end of the theoretical part are specified the singles financial indicators which are most used practically. In the practical part evaluate we the concrete investment oportunity in the residential build-up from the view of developer.
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International stock markets in conditions of financial crisis
Otýpková, Michaela ; Taušer, Josef (advisor) ; Plchová, Božena (referee)
This diploma thesis deals with trading in the international stock markets in conditions of financial crisis. The theoretical part covers basic definitions associated with stock markets, followed by a chapter dedicated to business cycles, which are significantly related to the stock markets. The first goal of the thesis is numerical comparison of the extensions of the actual financial crisis with the most meaningful financial crisis over last one hundred years. The second aim of the work is to effectuate the technical analysis using selected technical indicators and evaluate its results in chosen periods.
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Foreign exchange risk management in the company IMP Jablonec
Vaculík, Martin ; Taušer, Josef (advisor) ; Nývlt, Daniel (referee)
The diploma paper offers a complex view on hedging of a foreign exchange risk in a concrete company, which is highly dependent on export. Preliminary theoretical part sums up all the possibilities how to avoid risk, including hedging or financial derivatives. Specific attention is paid to in practise always more popular option strategies. Practical part then try to apply all the acquired knowledge on a concrete company. After the complex analysis of revenues and expenditures is presented analysis and evaluation of the whole hedging strategy.
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