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Assessment of C/PPS composites degradation indicators using acoustic measurement
Kytýř, Daniel ; Valach, Jaroslav ; Doktor, Tomáš ; Jiroušek, Ondřej
Changes of mechanical properties, namely of modulus of elasticity, often play a role of damage accumulation indicators in the framework of fatigue behaviour of composite materials. In order to improve the reliability of these indicators for identification of material degradation process it is necessary to eliminate the influence of external loading and volume forces associated with thermal expansion of heterogeneous material at various temperatures. Therefore the paper deals with description of experimental assessment of relation between external load and material stiffness and also studies the dependency of material stiffness on temperature. For the monitoring of degradation process ultrasonic measurement was used. Obtained results are discussed with respect to fatigue testing of material and also interpreted from the micromechanical point of view.
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Analysis of strengthening intellectual property rights on selected economic indicators in selected world countries in years 2013 to 2015
Tománek, Michael ; Zeman, Martin (advisor) ; Maule, Petr (referee)
This paper analyzes the relationship between the protection of intellectual property rights, and selected economic indicators between 2013 and 2015. The topic is the impact of intellectual property protection to economic growth and development. The theoretical part analyzes the different views on the issue of intellectual property, its forms of protection and analysis of international protection. It also defines GDP, GDP per capita, foreign direct investment and research and development expenditure. The practical part analyzes the correlation between these economic indicators and index of intellectual property rights, as an indicator of the strength of protection of intellectual property rights in selected countries. The work focuses on industrial property.
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Legal status of civil servants in the Czech Republic
Blažek, Jaroslav ; Matula, Miloš (advisor) ; Rys, Rudolf (referee)
The Master's thesis is dealing with the issues of the civil service, which development and current situation show considerable heterogeneity of opinions and related political dispute. A closer look on current condition, is preceded by the outline of the characteristics of civil services' basic characteristics distinguished by current legal theory. A historical excursion since 1918 with respect to chronological and semantic order, has also been made. The crucial part of the thesis is devoted to the content analysis of the service pragmatics, the bill of The state officials and Service Act and its amendments. In the conclusion, the author defines four variants of possible solution to the current state of the civil service, which, among others, indicate, that it is desirable to revise effective Service Act by the Bill no. 71/9, with respect mostly to career elements and current situation of the civil service.
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Mauritius: economy and position in the world tourism market
Karmazínová, Barbora ; Abrhám, Josef (advisor) ; Kalábová, Markéta (referee)
The diploma thesis discusses the island state of Mauritius, especially from the point of view of the macroeconomic situation and in terms of analysis and description of international tourism. The first chapter considers the theoretical foundations of international tourism, the world economy and the problems of developing countries, particularly small island developing states. The second chapter describes the island of Mauritius and its historical, geographical, social and political characteristics. The third chapter deals with macroeconomic characteristics of the island. In this section the main points rank the structure of the economy, indicators of economic performance, as well as the conditions for investment and also evaluation of the competitiveness of the economy. The fourth part reflects Mauritius as an important destination of international tourism. The island's economy is very dependent on international tourism. This chapter describes its characteristics, structure, focusing on inbound tourism and future trends of tourism. Diploma thesis concludes with a chapter on the comparison of the competitiveness of tourism in Mauritius and Seychelles.
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The Effect of System of Financial Reporting on Financial Performance of Business Corporation
Prokešová, Gabriela ; Strouhal, Jiří (advisor) ; Roubíčková, Jaroslava (referee)
This thesis deals with the effect of system of financial reporting on financial performance of business corporation. Czech accounting regulations and International financial reporting standards are compared within the framework of system of financial reporting. The effect on financial performance is then analysed through financial analysis. In theoretical-methodological part the terminology, approaches and methods used in individual systems are defined and then comparative analysis is performed. Theoretical definition of financial analysis follows and then basic information about business corporation is mentioned, which begins the practical part. Then financial analysis of the firm is performed whereas data are analysed separately for every system. The purpose of this thesis is to point out different values of indicators of financial analysis coming from differences of analysed systems of financial reporting through concrete business corporation and to explain their cause.
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Use of Interest Rate Models for Interest Rate Risk Management in the Czech Financial Market Environment
Cíchová Králová, Dana ; Arlt, Josef (advisor) ; Cipra, Tomáš (referee) ; Witzany, Jiří (referee)
The main goal of this thesis is to suggest an appropriate approach to interest rate risk modeling in the Czech financial market environment in various situations. Three distinct periods are analyzed. These periods, which are the period before the global financial crisis, period during the financial crisis and in the aftermath of the global financial crisis and calming subsequent debt crisis in the eurozone, are characterized by different evaluation of liquidity and credit risk, different relationship between financial variables and market participants and different degree of market regulations. Within this goal, an application of the BGM model in the Czech financial market environment is crucial. Use of the BGM model for the purpose of predicting a dynamics of a yield curve is not very common. This is firstly due to the fact that primary use of this model is a valuation of interest rate derivatives while ensuring the absence of arbitrage and secondly its application is relatively difficult. Nevertheless, I apply the BGM model to obtain predictions of the probability distributions of interest rates in the Czech and eurozone market environment, because its complexity, direct modeling of a yield curve based on market rates and especially a possibility of parameter estimation based on current swaptions volatilities quotations may lead to a significant improvement of predictions. This improvement was also confirmed in this thesis. Use of swaptions volatilities market quotations is especially useful in the period of unprecedented mone- tary easing and increased number of central banks and other regulators interventions into financial markets that occur after the financial crisis, because it reflects current market expectations which also include future interventions. As a consequence of underdevelopment of the Czech financial market there are no market quotations of Czech koruna denominated swaptions volatilities. I suggest their approximations based on quotations of euro denominated swaptions volatilities and also using volatilities of koruna and euro forward rates. Use of this approach ensures that predictions of the Czech yield curve dynamics contain current market expectations. To my knowledge, any other author has not presented similar application of the BGM model in the Czech financial market environment. In this thesis I further predict a Czech and Euro area money market yield curve dynamics using the CIR and the GP models as representatives of various types of interest rates models to compare these predictions with BGM predictions. I suggest a comprehensive system of three criteria, based on comparison of predicti- ons with reality, to describe a predictive power of selected models and an appropria- teness of their use in the Czech market environment during different situations in the market. This analysis shows that predictions of the Czech money market yield curve dynamics based on the BGM model demonstrate high predictive power and the best 8 quality in comparison with other models. GP model also produces relatively good qua- lity predictions. Conversely, predictions based on the CIR model as a representative of short rate model family completely failed when describing reality. In a situation when the economy allows negative rates and there is simultaneously a significant likelihood of their implementation, I recommend to obtain predictions of Czech money market yield curve dynamics using GP model which allows existence of negative interest rates. This analysis also contains a statistical test for validating the predictive power of each model and information on other tests. Berkowitz test rejects a hypothesis of accurate predictions for each model. However, this fact is common in real data testing even when using relatively good model. This fact is especially caused by difficult fulfilment of test conditions in real world. To my knowledge, such an analysis of the predictive power of selected interest rate models moreover in the Czech financial market environment has not been published yet. The last goal of this thesis is to suggest an appropriate approach to obtaining pre- dictions of Czech government bonds risk premium dynamics. I define this risk premium as a difference between government bond yields and fixed rate of CZK IRS with the same length. I apply the GP model to describe the dynamics of this indicator of the Czech Republic credit risk. In order to obtain a time series of the risk premium which are necessary for estimation of GP model parameters I firstly estimate yield curves of Czech government bonds using Svensson model for each trading day since 2005. Resulting si- mulations of risk premium show that the GP model predicts the real development of risk premiums of all maturities relatively well. Hence, the proposed approach is suitable for modeling of Czech Republic credit risk based on the use of information extracted from financial markets. I have not registered proposed approach to risk premium modeling moreover in the Czech financial market environment in other publications.
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Historical-geographical aspects of the population development of the town of Dvůr Králové nad Labem
MALÝ, Lukáš
The purpose of my thesis is to analyse with an emphasis on the Industrial Revolution historical-geographical aspects of the population development of the town of Dvůr Králové nad Labem, compared with the development in other cities of the Hradec Králové Region. The study is composed of an introduction explaining my principle objectives and initial hypothesis and also of three chapters, each of them dealing with different aspects of this problemacy. Chapter One defines basic terminology and describes historical and geographical character of the studied town and region. The next chapter is subdivided into two parts: the analytical one focuses on relevant reasons to examine differences in the population development and provides a comparison with the chosen periods; the synthetic part divides the population development of the Hradec Králové Region into two zones on the basis of achieved results from the previous parts. Subsequently, it also summarizes main aspects of the population development in the chosen towns and makes a conclusion to indicate future situation. Finally, Chapter Three concentrates on problems resulting from my initial hypothesis and deals with accomplishing of my objectives drawn in the introductory Chapter. The thesis contains a large number of charts, graphical and geographical attachments.
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Estimating of potential output in the Czech Republic and its relationship to the business cycle
Svatošová, Ludmila ; Kloudová, Dana (advisor) ; Chytilová, Helena (referee)
Potential output is used as the indicator of the business cycle. The aim of this study is to compare the results of different methods used for estimating potential output and verify the hypothesis that potential output or rather the output gap can serve as a reliable indicator to determine the phase of the business cycle in the Czech Republic in the years 1996-2012. 6 different methods - linear trend, Hodrick-Prescott filter, Baxter-King filter, Butterworth filter, Kalman filter and the production function have been used to estimate potential output. The output gap was determined based on the estimated potential output. The comparison of the results of all methods has confirmed the same development trend of potential output. All the methods for estimating potential output, except Butterworth filter, have showed that their results are good indicators of the business cycle in the Czech Republic.
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The trans-fatty acids in subcutaneous fat and in fat content of breast milk as an indicator of their nutritional intake
Dlouhý, Pavel ; Anděl, Michal (advisor) ; Dostálová, Jana (referee) ; Hrubý, Stanislav (referee) ; Zadák, Zdeněk (referee)
Trans fatty acids (TFA) are unsaturated fatty acids, which have one or more double bonds in the trans configuration. Their main dietary sources are partially hardened fats and food products containing partially hardened fats (margarines, shortenings, bakery products, and fast foods). TFA are thought to increase the risk of coronary heart disease and type 2 diabetes. These fatty acids have adverse effects on blood lipid levels, increasing LDL-cholesterol while decreasing HDL-cholesterol. Consumption of TFA can also impair insulin sensitivity. High intake of TFA is associated with systemic inflammation, activation of immune functions and endothelial dysfunction. Hypotheses also exist that TFA may have adverse effect on the metabolism of essential fatty acids and foetus development. The concentration of TFAs in subcutaneous fat is a very good indicator of dietary exposure of TFA. This concentration reflects long-term dietary intake of these fatty acids. Levels of TFA in human milk are more variable; however, it is quite simple to obtain a sample of human milk. The purpose of our studies was to determine (a) content of TFA in subcutaneous fat samples from persons with coronary atherosclerosis and from persons with no sign of coronary dinase and (b) the content of TFA in early human milk of breast-feeding women...
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