我國綜合券商近年來因為整體家數過多、全球景氣持續衰退、金控時代來臨等因素影響下，使得整體產業經營出現困難，極待政府與民間共思一個解決方案。為此，財政部與證期會共同協助我國綜合券商的轉型升級，希望透過政府相關法令政策的開放解套，推動獨立綜合券商轉型為投資銀行，解決目前綜合券商在經營上所面臨之困境。 本研究針對我國綜合券商轉型投資銀行的相關政策，進行可行性研究與個案分析，並以國外知名投資銀行成功案例進行個案分析，從中探討投資銀行產業的成功關鍵因素，以做為我國綜合券商轉型投資銀行的策略擬定依據。 根據本研究成果，提出以下幾點結論： 1.台灣綜合券商面臨生存與轉型之壓力 2.我國整體投資環境確實有發展投資銀行可能性存在 3.產品創新、資本規模、品牌知名度及全球佈局能力仍是關鍵 4.各券商必須依據自身核心優勢差異發展不同之轉型策略 5.政府法令開放程度影響投資銀行發展 除此之外，本研究亦提出以下幾點建議： 1.對政府與相關主管單位建議：(1)法令開放持續推動；(2)建立有效監理機制；(3)大陸市場審慎評估。 2.對整體證券產業建議：(1)適度整合市場競爭狀況；(2)提供建議與政府合作。 3.對於個案公司建議：建議個案公司仔細思考目前所面臨轉型挑戰，以及相關解決辦法，透過本身核心優勢維持與發揮，逐步轉型投資銀行以因應我國金融產業轉型與升級。

Background and Purpose: Tai Chi (TC) has been reported as beneficial for improving balance post stroke, yet its use for upper limb (UL) rehabilitation remains unknown. The purpose of this study was to evaluate the feasibility and efficacy of TC on UL rehabilitation post stroke. Methods: Twelve chronic stroke survivors with a persistent paresis underwent 60-minute adapted TC sessions twice a week for eight weeks and a 4-week follow-up evaluation. A 10-minute TC home program was recommended for the days without sessions. TC level of performance, adapted movements used, attendance to the sessions and duration of self-practice at home were recorded. Shoulder pain (Visual Analogue Scale (VAS)), motor function of the paretic arm ((Fugl-Meyer Assessment upper-limb section (FMA-UL), Wolf Motor Function Test (WMFT)) and paretic arm use in daily life (Motor Activity Log (MAL)) were measured at baseline, post-treatment and follow-up. A feedback questionnaire was used to evaluate participants’ perception of the use of TC at follow-up. Results: Eleven participants completed the 8-week study. A clinical reasoning algorithm underlying the adaptation of TC was developed based on different functional levels of the participants. Participants with varying profiles including severely impaired UL, poor balance, shoulder pain, and severe spasticity were not only capable of practicing the adapted TC but attended all 16 sessions and practiced TC at home more than recommended (a total of 16.51±9.21 hours). The self-practice amount for subgroups with lower UL function, shoulder pain or moderate-to-severe spasticity, was similar to subgroups with higher functional UL, no shoulder pain, and minimal-to-no spasticity. Participants demonstrated significant improvement over time in the FMA-UL (p=.009), WMFT functional scale (p=.003), WMFT performance time (p=.048) and MAL Amount of Use scale (p=.02). Shoulder pain of four participants decreased following TC (VAS 5.5±3, 3±2.8, 2.5±2.5 for the pre, post and follow-up period respectively). Moreover, participants confirmed the usefulness and ease of practicing the adapted TC. Conclusion: Adapted TC is feasible, acceptable and effective for UL rehabilitation post stroke. Low UL function, insufficient balance, spasticity, and shoulder pain do not seem to hinder practicing TC. Further large-scale randomized trials evaluating TC for UL rehabilitation are warranted. / Contexte et objectifs: Le Tai Chi (TC) a été rapporté comme bénéfique pour améliorer l'équilibre suite à un accident vasculaire cérébral (AVC), mais son utilisation pour la réadaptation du membre supérieur reste inconnue. Le but de cette étude était d’évaluer la faisabilité et l'efficacité du TC pour la réadaptation du membre supérieur post-AVC. Méthode: Douze personnes ayant un AVC en phase chronique avec une parésie persistante ont participé à des sessions de 60 minutes de TC adaptées deux fois par semaine pendant 8 semaines et au suivi à 12 semaines. Un programme à domicile de 10 minutes de TC a été recommandé pour les jours sans session. Le niveau de performance du TC, les mouvements adaptés utilisés, la participation aux sessions et la durée de pratique à domicile ont été documentés. La douleur à l’épaule (Visual Analogue Scale (VAS)), la fonction motrice du bras parétique ((Fugl-Meyer Assessment upper-limb section (FMA-UL), Wolf Motor Function Test (WMFT)) et l'utilisation du bras parétique dans la vie quotidienne (Motor Activity Log (MAL)) ont été mesurées au départ, après le traitement et au suivi (4 semaines post-traitement). Un questionnaire de rétroaction a été utilisé pour évaluer la perception des participants sur l'utilisation du TC lors du suivi. Résultats: Onze participants ont terminé l'étude de 8 semaines. Un algorithme de raisonnement clinique qui sous-tend l’adaptation du TC a été développé sur la base des niveaux fonctionnels des participants. Les participants ayant des profils différents, y compris le membre supérieur sévèrement atteint, l'équilibre atteint, de la douleur à l'épaule et de la spasticité sévère étaient non seulement capables de pratiquer le TC adapté, mais ont participé à l'ensemble des 16 sessions et pratiquaient le TC à la maison plus que recommandé (un total de 16.51 ± 9.21 heures). La quantité de pratique à domicile des sous-groupes avec la fonction inférieure du membre supérieur, de la douleur à l'épaule ou de la spasticité modérée-à-sévère, était similaire aux sous-groupes avec une fonction supérieure du membre supérieur, sans douleur à l'épaule et une spasticité minimale ou non-présente. Les participants ont montré une amélioration significative au fil du temps selon le FMA -UL (p=.009), l’échelle fonctionnelle du WMFT (p=.003), le temps de performance du WMFT (p=.048) et l’échelle du montant de l’utilisation du MAL (p=.02). La douleur à l'épaule des quatre participants a diminué suite au TC (VAS 5.5±3, 3±2.8, 2.5±2.5 pour la période de pré-traitement, post-traitement et suivi). En outre, les participants ont confirmé l'utilité et la facilité de la pratique du TC adapté. Conclusion: Le TC adapté est faisable, acceptable et efficace pour la réadaptation du membre supérieur après un AVC. Une fonction diminuée au membre supérieur, l’équilibre insuffisant, la spasticité et la douleur à l'épaule ne semblent pas empêcher la pratique du TC. Plus d’essais randomisés à grande échelle sont nécessaire pour évaluer l’effet du TC sur la réadaptation du membre supérieur.

J'ai étudié deux nouvelles configurations de double-colonne pour distillation hétéroazéotropique. Ces configurations sont appropriées à la récupération simultanée des composants des mélanges binaires hétéroazéotropiques et homoazéotropiques (en utilisant un tiers corps (entraîneur)). Elle sont opérées en système fermé, c'est-à-dire, il n'y a pas de soutirage de produit continu. D'abord, en appliquant un modèle simplifié, j'ai étudié la faisabilité de la séparation d'un mélange hétéroazéotropique (1-butanol – eau), puis celle d'un mélange homoazéotropique (2-propanol – eau) aidé par entraîneur benzène ou cyclohexane, en utilisant le SDC. Puis, j'ai étudié cette configuration par modélisation rigoureuse, en appliquant le simulateur dynamique du logiciel professionnel ChemCAD (CC-DColumn). J'ai comparé la nouvelle configuration avec le RD, sur la base des résultats obtenus par toutes les deux méthodes d'étude. Le SDC s'est avéré faisable et compétitif avec le RD : pendant la même durée ou plus courte, les rendements des composants ont été plus élevés. Puis, on a étendu le SDC à un système plus flexible (système de double-colonne généralisé, SDCG) qui est approprié à la séparation des mélanges binaires homoazéotropiques aidé par entraîneur (en le cas présent : cyclohexane ou n-hexane). J'ai étendu la méthode de faisabilité aussi à l'étude de cette configuration. Le SDCG s'est avéré aussi faisable. En appliquant modélisation rigoureuse, j'ai étudié les effets des nouveaux paramètres opératoires sur la durée, et j'ai comparé le DCG avec le SDC. Le SDCG s'est avéré encore plus avantageux que le SDC : la durée a été plus courte, et les besoins spécifiques d'énergie des produits ont été plus bas. J'ai étudié le SDC et le SDCG aussi par des manipulations exécutées sur installations de taille laboratoire et pilote. D'abord, j'ai fait des manipulations laboratoires pour la séparation du mélange binaire hétéroazéotropique, en utilisant une installation en verre qui a été opérée aussi comme RD et SDC. Le SDC s'est avéré faisable et compétitif avec le RD aussi sur la base des résultats de ces manipulations : pendant la même durée, les rendements des tous les deux composants ont été plus élevés. Puis, en utilisant l'installation pilote comme SDC, j'ai étudié la séparation ci-dessus. Après cette manipulation, j'ai étudié la séparation du mélange binaire homoazéotropique en appliquant n-hexane comme entraîneur, en opérant le système comme RD et SDCG. La manipulation faite avec le SDCG a montré que la production simultanée de deux composants est faisable avec cette configuration. / Distillation is the method the most frequently applied for the separation of liquid mixtures, e.g. for the recovery of the components of the waste solvent mixtures. Because of the high energy demand of these processes the optimal design and operation of the distillation equipments are important from economic and also environmental points of view. The separation of the azeotropic mixtures needs special distillation methods like heteroazeotropic distillation. In the pharmaceutical and fine chemical industries it is often applied in batch mode. The aims of the thesis are to study the feasibility of a new Double-Column System (DCS) for batch heteroazeotropic distillation and to compare it with the traditional Batch Rectifier (BR) equipped with a decanterto study the above configurations by rigorous simulationto extend the DCS (Generalised Double-Column System, GDCS) and to study this new configuration by the above methodsto do laboratory experiments for both configurations in order to prove the feasibility of the separation and validate the calculations, respectively. Two new double-column configurations for batch heteroazeotropic distillation were studied. These configurations are designed to produce simultaneously the components of binary heteroazeotropic and homoazeotropic mixtures (by using an entrainer). They are operated in closed system (without continuous product withdrawal). First the feasibility of the separation of a heteroazeotropic mixture (1-butanol – water) and that of a homoazeotropic one by using an entrainer (isopropanol – water + benzene or cyclohexane) in the DCS were investigated by a simplified model. Then the operation of this configuration was modelled by rigorous simulation by using the dynamic simulator of the professional flowsheet simulator ChemCAD (CC-DColumn). On the basis of the results obtained by both methods the new configuration was compared with the BR. The DCS proved to be feasible and competitive with the BR: during the same or shorter time the recoveries of the components were higher. Then the DCS was extended to a more flexible version (Generalised Double-Column System, GDCS), which is suitable for the separation of binary homoazeotropic mixtures (by using an entrainer, in this work: cyclohexane or n- exane). The feasibility method was extended for the study of this configuration, as well. The GDCS proved to be feasible. Then the effects of its additional operational parameters on the duration were studied by rigorous simulation. The GDCS was compared with the DCS by rigorous simulation, as well. The GDCS proved to be more advantageous than the DCS: the duration was shorter and the specific energy demands of the products were lower. The DCS and GDCS were also investigated by laboratory and pilot plant experiments. First laboratory experiments were done for the separation of the binary heteroazeotropic mixture in a simple small size glass equipment operated as BR and DCS. The DCS proved to be feasible and competitive with the BR also on the basis of the results of these experiments: during the same time the recovery of both components were higher. Then a pilot plant was used for the same separation as a DCS. After this experiment the separation of the binary homoazeotropic mixture by using n-hexane as entrainer was studied in the equipment operated as BR and GDCS. The experiment showed that the simultaneous production of two components is feasible also in the GDCS.

Master of Agribusiness / Department of Agricultural Economics / Allen M. Featherstone / Crop insurance, in recent years, has displaced U.S. federal farm program payments as the most important safety net for net farm income. The business climate that crop insurance purchasers and providers face in the future is one of increasing premiums for producers and decreasing commissions for crop insurance companies and agents. The primary objective of this thesis is to assess the desirability of crop insurance agency acquisitions to increase market share for Farm Credit Services of America, considering the significant uncertainties in the future subsidy levels and commission levels for these products. Financial analysis and modeling crop insurance agency acquisitions is completed under a wide range of future economic and political scenarios. The wide range of assumptions, however, does contribute to a wide range of potential purchase prices and rates of return on crop insurance agency acquisitions. The crop insurance industry faces uncertainty in the future and general industry profitability will likely decline. However, an expansion strategy in a period of reduced commissions can be profitable if acquisitions are priced appropriately and can be made in locations where existing support services can be leveraged to support the acquisition.

In 1905 Albert Einstein developed the theory of Special Relativity. This theory describes the relation between space and time and revolutionized the understanding of the universe. While the concept is generally accepted new experimental setups are constantly being developed to challenge the theory, but so far no contradictions have been found. One of the postulates Einsteins theory of Relativity is based on states that the speed of light in vacuum is the highest possible velocity. Furthermore, it is demanded that the speed of light is independent of any chosen frame of reference. If an experiment would find a contradiction of these demands, the theory as such would have to be revised. To challenge the constancy of the speed of light the socalled Kennedy Thorndike experiment has been developed. A possible setup to conduct a Kennedy Thorndike experiment consists of comparing two independent clocks. Likewise experiments have been executed in laboratory environments. Within the scope of this work, the orbital requirements for the first space-based Kennedy Thorndike experiment called BOOST will be investigated.BOOST consists of an iodine clock, which serves as a time reference, and an optical cavity, which serves as a length reference. The mechanisms of the two clocks are different and can therefore be employed to investigate possible deviations in the speed of light. While similar experiments have been performed on Earth, space offers many advantages for the setup. First, one orbit takes roughly 90 min for a satellite based experiment. In comparison with the 24 h duration on Earth it is obvious that a space-based experiment offers higher statistics. Additionally the optical clock stability has to be kept for shorter periods, increasing the sensitivity. Third, the velocity of the experimental setup is larger. This results in an increased experiment accuracy since any deviation in the speed of light would increase with increasing orbital velocity. A satellite planted in a Low Earth Orbit (LEO) travels with a velocity of roughly 7 km/s. Establishing an Earth-bound experiment that travels with a constant velocity of that order is impossible. Finally, space offers a very quiet environment where no disturbances, such as vibrations, act upon the experiment, which is practically unavoidable in a laboratory environment. This thesis includes two main chapters. The chapter titled "Mission Level" exploits orbital candidates. Here, possible orbits are explained in detail and the associated advantages and problems are investigated. It also contains a discussion about ground visibility and downlink feasibility for each option. Finally, a nominal mission scenario is sketched. The other chapter is called "Sub-Systems". Within this chapter the subsystems of the spacecraft are examined. To examine the possible orbits it is necessary to define criteria according to which the quality of the orbits can be determined. The first criterion reflects upon the scientific outcome of the mission. This is mainly governed by the achievable velocity and the orbital geometry. The second criterion discriminates according to the mission costs. These include the launch, orbital injection, de-orbiting, satellite development, and orbital maintenance. The final criteria defines the requirements in terms of mission feasibility and risks, e.g. radiation. The criteria definition is followed by explaining the mission objectives and requirements. Each requirement is then discussed in terms of feasibility. The most important parameters, such as altitude, inclination, and the right ascension of the ascending node (RAAN), are discussed for each orbital option and an optimal range is picked. The optimal altitude depends on several factors, such as the decay rate, radiation concerns, experimental contributions, and eclipse duration. For the presented mission an altitude of 600 km seems to be the best fit. Alongside the optimal altitude possible de-orbiting scenarios are investigated. It is concluded that de-orbiting of the satellite is possible without any further external influence. Thus, no additional thrusters are required to de-orbit the satellite. The de-orbiting scenario has been simulated with systems tool kit (STK). From the simulation it can be concluded, that the satellite can be deorbited within 25 years. This estimation meets the requirements set for the mission. Another very important parameter is the accumulative eclipse duration per year for a given orbit. For this calculation it is necessary to know the relative positions and motion of the Earth and the Sun. From this the eclipse duration per orbit for different altitudes is gained. Ground visibilities for orbital options are examined for two possible ground stations. The theory is based on the geometrical relation between the satellite and the ground stations. The results are in an agreement with the related STK simulations. Finally, both ground stations are found adequate to maintain the necessary contact between the satellite and the ground station. In the trade-off section, orbit candidates are examined in more detail. Results from the previous sections with some additional issues such as the experiment sensitivities, radiation concern and thermal stability are discussed to conclude which candidate is the best for the mission. As a result of the trade-off, two scenarios are explained in the "Nominal Mission Scenario" section which covers a baseline scenario and a secondary scenario. After selecting a baseline orbit, two sub-systems of the satellite are examined. In the section of "Attitude Control System (ACS)" where the question of "Which attitude control method is more suitable for the mission?" is tried to be answered. A trade-off among two common control methods those are 3-axis stabilization and spin stabilization is made. For making the trade-off possible external disturbances in space are estimated for two imaginary satellite bodies. Then, it is concluded that by a spin stabilization method maintaining the attitude is not feasible. Thus, the ACS should be built on the method of 3-axis stabilization. As the second sub-system the possible power system of the satellite is examined. The total size and the weight of the solar arrays are estimated for two different power loads. Then, the battery capacity which will be sufficient for the power system budget is estimated together with the total mass of the batteries. In the last section, a conclusion of the thesis work is made and the possible future works for the BOOST mission are stated.

The graduation thesis deals with the evaluation of the individual entrepreneur's business plan. To decide whether a project is accepted or not, was drawn up a detailed business plan, sometimes referred to as a feasibility study. The theoretical part discusses the purpose of the business plan, elaborates on the basic essentials of the business plan, the form and the principles of treatment. Based on a synthesis of findings from the literature the author further elaborates on some of the tools of managerial and economic practises and their applicability in the business plan. The aim of the theoretical part is inter alia to provide guidance to anyone who is processing the business plan without necessity of studying comprehensive literature. The practical part already specifically deals with author's business plan. On its basis it should be possible to decide whether to implement the plan. It is specific narrowly focused Internet project. The methods used to evaluate the project revealed the potential of the project and simultaneously pointed out to the potential risks. The entire business plan then finds the image in the used modern approach to the evaluation of investment projects -- the Monte Carlo simulation.

This dissertation titled Content management systems and their implementation focuses in its theoretical part on the terms content and content management. Then it defines particular types of content management systems and their functions, both the general ones and the specific ones for particular types of systems. It also focuses on the using of particular terms in the field of content management systems and it defines some differences in their interpretation. In the theoretical part it also describes how the organization applying the project approach to implementing of content management systems as from requirements setting through the selection criteria for comparing and selecting the appropriate system. The output of the practical part is the selection of suitable web content management system for Vyšší odborná škola a Obchodní akademie Chotěboř. The practical part is an analysis of requirements, determination of appropriate criteria for the selection system, a comparison of systems based on these criteria, cost-benefit analysis and feasibility study.

The thesis explains the formation of the PPP project feasibility study as an essential document in the preparatory phase of the project lifecycle. Its closer focus is on the economic evaluation of the investment project implementation using the PPP compared to the implementation using public procurement. The practical part refers to a specific example of calculating of the public sector comparator that is compared with the referential project and a value of money is determined as an indicator of profitability of both forms of implementation.

The thesis deals with evaluation of finances drawing in operational programmes, especially in regional ones, and provides also description of project documentation that is needed to get a subsidy from regional operational programme. The diploma paper comprises basic data about regional policy of the European Union and about implementation of this policy in the Czech Republic. The thesis carries on with the system of operational programmes in the Czech Republic, gives insight into regional operational programmes and analyses the state of finances drawing. Last part focuses on project preparing for getting a subsidy from structural funds, especially on feasibility study and project application.

The controlled anaerobic digestion of organic waste in a biogas facility aggregates advantages of waste treatment, energy recovery and nutrient recycling and is a promising technology to deal with contemporary issues of waste management and energy recovery. Small-scale biogas production units can be simply designed and successfully operated even in settings where means for advanced technology equipment are low and institutional capacities limited. In the country of Lebanon, landfilling and open dumping of solid waste is common practice and anaerobic treatment of waste is applied only sporadically and hence, not well-established. The aim of this study was to assess the feasibility of small-scale biogas production using organic waste, explore options for its application and propose a business model on how feedstock sourcing, facility operation and end product utilization could be realized in the research area. Research area was Ghazir village, a community within the urbanized coastal area in Lebanon. Methods were of both quantitative and qualitative nature.A techno-economic assessment served to quantify biogas and liquid digestate production rates, based on available resources of organic waste in the research area. Costs associated with installation, operation and maintenance of the proposed facility have been projected based on present examples of similar facilities in the country. Interviews with local stakeholders and a questionnaire survey among residents in the area of research allowed to identify suitable end use options for the produced biogas and served to explore communal acceptance of local biogas production. Results show that the produced biogas can be used for thermal feedstock treatment to supply local farmers with a fertilizer alternative, i.e. the liquid digestate. Organic waste that is subject to the anaerobic treatment in a digester can be provided by multiple point sources, i.e. households and a local food market in the form of source-sorted kitchen waste and unsold fruits and vegetables, respectively. Due to the current unfamiliarity with anaerobic treatment of organic waste in the research area, tests on the effects on crop yields are advised to take place before implementation of the proposed business model, as its communal benefits hinge on the suitability of the liquid digestate as a fertilizer. Economic calculations show low investment costs for the proposed facility as well as acceptable annual revenues in case the liquid digestate proves to be of interest for commercial acquisition by local farmers. The used methods and strategies in this feasibility assessment, i.e. waste quantification, yield and cost calculations, stakeholder interviews and questionnaire survey allow for replication of the taken investigation to eventually initiate small-scale biogas production using organic waste in other settings with similar conditions.