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Effect of Exchange Rate Hedging on the Performance of Collective Investment Fund
Pfeiferová, Daniela ; Valder, Antonín (advisor) ; Jiří, Jiří (referee)
Collective investment is among the fastest growing areas of investment in financial markets. Its importance within each economy is influenced by the level of development of the capital market. The beginnings of collective investment in the Czech Republic are associated with the coupon privatization in the 90s of the last century. The basic advantages of this method of investing can include risk diversification, professional portfolio management, liquidity of the investment, regulation and tax benefits. The theoretical part describes the historical development of this business in the financial market. The systematization of collective investment was proposed according to the subject of investing, the method of returns distribution to investors, the terms of investment strategy, the investor's investment profile and according to the existing legislation. Transparent classification schemes were created for particular perspectives. The analytical part of the thesis analyzes the processes used to measure the performance of mutual funds, characterization of the risks associated with collective investment and the possible ways to hedge the foreign currency exchange rate risk. The outputs of the thesis respond to two hypotheses: H1: The monthly cost to hedge the foreign exchange risk affects the monthly performance of the mutual fund on the basis of the correlation in time series. H2: Is the information on the costs of exchange rate hedging required for quality decisionmaking for a small investor (consumer).
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Franchising and its Aplication in Practice
Kuklišová, Hana ; Husák, Jakub (advisor) ; Martina, Martina (referee)
This Bachelor Thesis is Focused on the Problematics of Franchising and Its Use in the Field of Services, Fitness Clubs Tangibly.
The Theoretical Part of the Thesis Describes History of Franchising and Its Development. It Defines the Term Franchising, Describes Its Variations. The Thesis Specifies Elements of a Franchising Interrelationship and It Describes the General Procedure of Setting up
a Franchising Branch. Then It Discusses Pros and Cons of Franchising from Both of the Parties and Macroeconomic Point of View.
In the Practical Part there is Described a Franchising Network of Fitness Clubs for Women, Its Beginning, Current State and Planned Future Development. The Thesis Describes Setting Up of a New Branch and It States Preliminary Costs and Fees. It Discusses How to Select the Right Locality for the Branch. The Thesis Explains How the Franchisor Supports the Franchisee before, during and after Setting up the Branch. In the end there Is Summary which Evaluates Eligibility of Using the Franchising Method in the Fitness Area.
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The issue of labour costs and benefits
Kolínová, Veronika ; Šišková, Jitka (advisor) ; Lörinczová, Enikö (referee)
This bachelor project deals with The issue of labour costs and benefits. It is divided into two parts: The theoretical and the practical. At the beginning, the theoretical part explains employment relations. It means creation and termination of employment, the agreement to perform work and agreement to complete a job. Then the theoretical part is about wages, where are describes their forms like a time wage, work wage and brokerage commission and the term gross wage including its fixed and movable parts is explained here. The health insurance, social insurance and tax on personal income is included of this topic. It shows the calculation of the amount for wage and billing of the most used transactions which are related with the labour costs. The employee benefits including their structuring are in the end of the theoretical part.
The practical part is applied to the T.P.C.A. company, where the offered benefits are introduced like a services for employees, financial remunerations and the freetime activities. The most interesting benefits for the employees were detected by the questionnare survey. Employees were choosing benefits for current employment and the most interesting benefits for employees which were prefered before the start of the employment. The benefits, which are the least desirable were detected too. Therefore, these benefits are the least motivating. The optimal solution for employer is suggested by the using these results. It is the proposal for the improving conditions of benefits and then it is the proposal of the new benefits by the employees.
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Artificial Intelligence in Power Oil Transformers Diagnostics
Janda, Ondřej ; Szabó,, Radek (referee) ; Kratochvíl, Petr (referee) ; Hammer, Miloš (advisor)
This dissertation thesis deals with the application of expert systems and soft computing methods in field of power oil transformers. The main work is divided into theoretical and practical part. First, the theoretical part presents the basic elements of the transformer, and approaches to its diagnosis. The work focused mainly on the diagnostics of the insulation system, and diagnostic methods and approaches in this specific area. Next part describes the basics of expert systems and other soft computing methods such as: fuzzy logic, neural networks, genetic algorithms and their combinations and extensions. At the end of the theoretical part, the possibility of optimization approaches by means of artificial intelligence and its application in fuzzy model optimization are described. The practical part begins with description of the used data file that runs through the entire work. The work is then divided into four parts, namely in parts which deal with the expert system for transformer diagnostics, DGA module, prediction module, and optimization using artificial intelligence. The section describing the expert system gives specific information about the particular expert system. The means and techniques used for constructing given system are described, and then the complete system design and description of all subsystems and modules are presented. The next section describes the developed DGA module and all selected approaches to its implementation and expansion. At the end of the chapter, the results of comparison between all implemented methods are evaluated. The third part deals with the prediction module and describes its design and construction, including description of the main parts which are based on the selected predictive approaches. Also, the predictions of selected quantities from the data file are included. There are two predictive approaches being used: the one step prediction, and the multiple step prediction. The comparison of prediction accuracy and computational cost of given methods is presented at the end of this chapter. The last part deals with the possibilities of optimization using artificial intelligence methods, namely differential evolution, PSO, and genetic algorithms. Both the single-objective and the multi-objective optimization are considered. The methods are compared in a series of synthetic tests and then applied to optimize the fuzzy models of DGA tests from an earlier part of this work. The dissertation also includes chapters: "The Aims", "The Contribution of the Work", and a list of publications, products, and projects of the author.
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Maintenance work design for small transport aircraft
Bednář, Ondřej ; Koštial, Rostislav (referee) ; Třetina, Karel (advisor)
The aim of this thesis is to design maintenance work for a small transport aircraft. This thesis is focused on an overview of the activities, which are carried out in the maintenance of small transport aircraft with a capacity about fifty passengers. The first part of this thesis is conceived as a theoretical part and summarizes the activities used during maintenance - maintenance methods, a typical part failures, diagnostics, network analysis and equations for the calculating of the cost of maintenance. At the beginning are showed the basic characteristics of selected representatives of this category and regulatory requirements on them. The design of maintenance work is in the second half of the thesis. It includes the visualization of the database that could be used for the maintenance of aircraft and which could be subsequently evaluated. This is a general description of the maintenance work, which ca be performed during the pre-flight inspection, re-inspection for repeated flights, preliminary preparation and periodic maintenance.
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Design of FTTH network
Šifta, Radim ; Reichert, Pavel (referee) ; Filka, Miloslav (advisor)
The aim of this thesis is to bring reader the issue of FTTH optical access network design. The thesis is divided into several basic parts. At the beginning of the thesis is outlined comparison with other optical access networks. In the next chapter are discussed the basic solutions, used architectures, topologies, and their comparison. The following chapter deals with the passive elements of the distribution network, their division and using. Next chapter is focused on installation technologies of distribution infrastructure, especially on microducting technology. Penultimate chapter is focused on the video services distributioning. The final part of the thesis consists of three designed models of the different architecture for the fictional village of "Světlokosy". There is an analysis of the individual variations in technological and economic terms. Simultaneously, investment costs of the proposed models are compared and their overall comparison and evaluation.
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Determination of Economic Efficiency of the Business Plan
Bergerová, Sandra ; Vaňková, Lucie (referee) ; Korytárová, Jana (advisor)
The diplome thesis deals with determination of economic efficiency of the project. This si a project of completion in the sports, recreation, hiking and biking. The theoretical part begins by a chapter describing preparation and implementation phases of the project. The following chapter is an overview of the methods that can be used to assess projects. The most of attention is given to the feasibility study as one of the methods for assessing projects. In the theoretical part is a list of indicators of evaluation of the project and a separated chapter with cost benefit analysis. The practical part focuses on the evaluation of the project, the assessment of cash flow and the resulting financial and economic evaluation of the project.
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Proposal of Marketing Strategy for Foreign Markets
Polický, Martin ; Veselá, Jitka (referee) ; Chalupský, Vladimír (advisor)
The diploma thesis deals with the proposal of marketing strategy for foreign markets. As a particular company the author have chosen company Hakr Trade, Ltd., which was renamed to KRETZ, Ltd. on the beginning of 2014. The thesis analyses problems of marketing and marketing planning. The goal is, besides processing literature review on the issue, apply theoretical knowledge in the field of marketing on marketing processes in the foreign trade at company KRETZ, evaluate the current state of marketing activities with regard to the principles of B2B and propose relevant recommendations to communicate the change of company name, increase awareness of customers about products and increase abroad sales. An essential part of the recommendation is costing of the proposed changes.
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