Diplomová práce - Soňa Součková: Simulation of pension reform impact on real estate market Abstract The objective of this thesis is to estimate the impact of pension reform on commercial property market in the Czech Republic during the period of 2013 -2017. Our hypothesis is that a potential pension reform would have a positive significant impact on property investment volumes via institutions constituting the second pillar. In the first step, we provide analysis of pension reforms recently applied in Slovakia, Hungary, Poland, Lithuania, Latvia and Estonia. Given analysis of selected countries and specifics of the proposed Czech pension reform, we estimate that the institutions in the second pillar may face additional yearly cash inflows beginning on EUR 1.23 billion in 2013 and further increasing to EUR 2.59 billion in 2017. Furthermore, we estimate that a likely share allocation by second pillar institutions into real estate would lie in the region of 0 - 14% depending on the discrete decision of the regulators. Using a conservative leverage of 40% for bank financing, we estimate that the expected investment volumes allocated by second pillar institutions into real estate would be EUR 61 - 287 million in year 2013. Given the average investment volumes of EUR 1334 million p.a. allocated into commercial...

Dans l’industrie, les traitements mécaniques de surface métalliques permettent d’améliorer les conditions de service des pièces mécaniques. Les effets de contact de ces types de procédés engendrent une forte déformation plastique du matériau et par conséquent une transformation microstructurale en sous-surface. Cette transformation se manifeste dans le raffinement progressif de la microstructure dans une couche de quelques dizaines de micromètres. Celle-ci est souvent dénommé "surface tribologiquement transformée" (en anglais : Tribologically Transformed Surface - TTS). Une telle transformation microstructurale conduit à une augmentation des propriétés mécaniques en extrême surface et rend le matériau plus résistant aux conditions de frottement, usure et fatigue.Dans le cadre de cette étude, deux procédures de transformation microstructurale ont été employées sur un matériau modèle : le fer-α. Pour la première technique (grenaillage), la surface est impactée de façon répétitive avec des billes métalliques projetées à grande vitesse. Concernant la deuxième méthode (micro-percussion), la surface est impactée répétitivement à un endroit précis avec un indenteur conique rigide.L’objet de ce projet se centre sur trois aspects principaux : (i) déterminer les gradients mécaniques et microstructuraux induits sur les deux types de surfaces transformées (grenaillage et micro-percussion), (ii) établir un lien quantitatif entre les mesures faites par deux types d’essais micromécaniques (nano-indentation et micro-compression de piliers) et (iii) mettre en évidence les effets microstructuraux impliqués (taille de grain, densité de dislocations, etc...) dans l’augmentation des propriétés mécaniques par hyper-déformation de surfaces. / The mechanical surface treatments confer better local mechanical properties against wear or fatigue service conditions. In the case of impact-based treatments, the material is exposed to repeated mechanical loadings, producing a severe plastic deformation in the near-surface. It leads to a local and progressive refinement of the microstructure into the affected zone, commonly known as Tribologically Transformed Surface (TTS). For this project, two mechanical surface treatments are used in a model material (pure α-iron): (i) shot-peening and (ii) micro-percussion.The resulting surfaces are characterized by a mechanical property gradient in-depth as a consequence of the microstructural transformation over a few tens of microns. Nowadays, it is well-known that this rise of local mechanical properties could improve the service lifetime of materials. However, a simple micro-hardness test is not quite enough to quantify precisely the engendered variation of mechanical properties and understand the influence of several microstructural effects. For this purpose, two micro-mechanical tests are considered: (i) nano-indentation and (ii) in situ micro-pillar compression.The main issue of this work is to characterize the mechanically-induced transformed surfaces and correlate the mechanical properties gradients with the local microstructural evolutions. Indeed, three main goals are considered: (i) quantify the mechanical and microstructural gradients induced by the surface treatments (shot-peening and micro-percussion), (ii) correlate the results obtained by the means of both mechanical tests (nano-indentation and micro-pillar compression) and finally (iii) investigate the influence of several microstructural effects related with the graded strengthening of hyper-deformed surfaces.

The main aim of the thesis is to give comprehensive overview on the issue of pension reform in order to clarify, with political-economic and socio-economic context, the position and role of the private sector in pension system of Czech Republic and evaluate whether it is sufficient form of security for old age. The thesis analyzed trends, with specific meaning and influence of the social situation in the EU. There was made the description of pension system of Chile, Poland, Slovakia, Hungary, Lithuania, USA, France and Germany. The thesis also analyzed the pre-reform and after-reform pension system in Czech Republic. The last chapter was dedicated to a case study focusing on the simulation with respect of different age and income of various persons. The conclusion showed partial opt-out preference for younger people with long term savings, or older people with income at least above 40.000,-CZK. It also proved benefits of additional savings, especially with state aid, tax relief and employer contribution. The thesis proved the fact that private sector is able to provide the security for old age people only with sufficiently high income, sufficiently long period of savings and also only with personal responsibility of every person alone. In all other cases the savings in private sector must be comprehend as an additional saving and not as an adequate substitute for state pension.

Thesis deals about the building structural condition of the building in Šlapanice, street Riegrova 1238/21. Methods of diagnostic survey are suitably chosen, then realized and evaluated. From these results is done structural calculation of bricks pillar in first-floor. We reached to the conclusion, that the most suitable solution is demolition of this existing object and build the new one.

The aim of the diploma thesis is to construct a steel shopping mall hall. The construction is located in Frýdek-Místek. The whole object can be divided in two parts. One part of the building is an atrium with a cross bridge made from glass. The roof construction of the atrium is designed as system of cylindrical lattice girders within purlins are set up. The other part of the construction is multistoried shopping mall with terrace designed as composite steel and concrete structure. The whole ground plan size of the construction is 72 m x 120 m. The height of the construction above the ground is 12.06 m. The cross-links are built up to 6 m one. There were created two versions of the construction. The most convenient version is described in more details. The outcome of the thesis is a comparison of two above mentioned versions. The whole project is based on officially recognised standard ČSN EN. The construction was designed in RFEM programme.

This thesis aims at using marketing research to determine customer satisfaction of university students with the third pillar of the pension system. The first section describes the objectives of the work, including the necessary methods. The following theoretical part deals with basic concepts of marketing, marketing research, as well as defining the customer and his satisfaction, including methods by which satisfaction is measured. In addition, there is a description of the general operation of pension systems and individual pillars. The practical part includes marketing research, evaluation of the collected data and own suggestions for improving this product.

Steel load-bearing structure of a museum will serve to exhibit the museum's exhibits and organizing exhibitions for the public. The structure is elliptical in shape with a length of 30 m in direction of the major axis and 22 m in the direction of the minor axis. Construction height is 9 m. There is located gallery structure in the inner part of the museum with access by an internal staircase. The main load-bearing elements of museum structure are designed from steel S235. The roof deck is made from Kingspan panels and cladding consists of laminated safety glass.

Master thesis concerns with a design of forklift truck. The result proposed in the thesis uses existing technologies but combines them in new context to gain better qualities of a lift truck especially in relation to user-friendliness and ergonomics. Shaping works on functional demands which are understood as a basis for further developments towards the aesthetical outcome.

På en teknisk nivå utgör beräkningen av sektorkoncentrationsrisk ett särskilt utmanande problem. I befintlig teori är riktlinjer till såväl hur industrisektorer ska indelas som risknivån beräknas begränsade. Syftet med studien är att utvärdera och analysera olika tillvägagångssätt till sektorkoncentrationsrisk i kreditportföljer. Detta har utförts i två separata delar där både indelningen i sektorer och riskberäkningen behandlats. Sektorindelningen har utvärderats genom att jämföra korrelationsstrukturen mellan två speciellt intressanta indelningsmetodiker; enligt Morgan Stanely Capital Investment (MSCI) och den av Finansinspektionen föreslagna sektorindelningen (SFSA). Riskberäkningen har utvärderats genom att applicera en rad olika koncentrationsmått på portföljer av varierande koncentrationsgrad. Resultaten visar att en minimering av inter-sektoriella korrelationer samt en maximering av intra-sektoriella korrelation är av stor vikt då sektorer indelas. Med andra ord, för att koncentrationen ska generera en faktisk risk krävs det att sektorerna är tydligt särskilda samt internt homogena. Utöver detta ska individuella exponeringar tydligt kunna placeras inom en sektor och de behandlade sektorerna ska inte vara av diversifierad natur. Resultaten tyder vidare på att MSCI presterar bättre för att hantera sektorkoncentrationsrisk på alla dessa punkter. När det kommer till riskberäkningen, visar resultaten att förutom  ördelningen av exponeringar är även sektorspecifika kreditkvaliteter samt korrelationsstrukturer av vikt för att bestämma risknivån. Risken från koncentration är större om risknivån är hög eller om exponeringen är mot korrelerade sektorer. Men framförallt tyder resultaten på att en uniformt fördelat portfölj inte är att se som okoncentrerad. För att ta hänsyn till naturliga koncentrationer är det därför av yttersta vikt att koncentration istället ses i förhållande till den aggregerade kreditmarknaden. / On a technical level, the measurement of sector concentration risk poses a particularlychallenging problem. Existing literature lacks direct suggestions both regarding how sectors are to be divided and the risk-level measured. The purpose of the study is to evaluate and analyse different measures of - and approaches to sector concentration risk in credit portfolios. This has been addressed both by analysing sectorial division and which aspects that are of interest for determining the concentration imposed risk- level. The sectorial division has been addressed by comparing the correlation structures of two especially interesting sector classification methods; the standardised Morgan Stanley Capital Investment industry classification (MSCI) and the proposed sector classification of the Swedish Financial Supervisory Authority (SFSA).  The sector concentration risk measurement has been analysed through employing different risk-measures on portfolios with varying concentration levels. The results show that in order to capture the risk-level from concentration, the main approach for sectorial division should seek to minimise inter-sector correlations and maximise intra-sector correlations. I.e. sectors should be distinct from each other and internally homogeneous. Moreover, an unambiguous sorting of individual exposures towards one sector should be possible and the considered sectors should not be of a diversified nature. It is also found that MSCI outperforms SFSA for assessing  sector concentration risk on all fronts. When it comes to the risk measure, it is found that apart from exposure distribution; credit qualities and correlation structures are of great interest. The risk induced from a concentrated exposure is greater if credit qualities are low or if the exposure is high towards highly correlated sectors. But  above all, the results imply that a uniform distribution is not to be seen as unconcentrated. In order for concentration measurement to incorporate natural concentrations it is thereby greatly important that concentration instead is considered as relative towards the aggregate credit market.

In current era of globalization when cultural diplomacy became one of the inherent tools of "soft power" of a foreign policy, it is relevant to research on the place of cultural diplomacy in foreign policy portfolio of nation-states. The focus of this thesis is to evaluate the attitudes of the Canadian government towards cultural diplomacy from 1990s until today. In 1995, Canadian values and culture became one of the three pillars of Canadian foreign policy. The author therefore attempted to map whether cultural diplomacy became a coherent and strategic tool of the Canadian foreign policy during this era. By analyzing the tools of the Canadian cultural diplomacy of the Liberal governments of Jean Chretien, Paul Martin and the present Conservative government of Stephen Harper, the author seeks to answer whether we are witnessing a gradual eclipse of cultural diplomacy as a means of soft power under the Harper administration. The research of government documents and cultural diplomacy programs along with the analysis of interviews with important government officials suggest that the cultural diplomacy was not practiced as a strategic tool in foreign policy management until the third election term of Jean Chretien in the year of 2000. Since then we can track fulfilling the Third Pillar as an...