The thesis deals with the topic of municipality's investment evaluation for the construction of the water park. It defines public administration in the Czech Republic, describes the municipality and its possible sources of income, which include state and European subsidies. It briefly analyses public construction projects from a life-cycle perspective, investment costs and cost methods used to assess them. The work analyses the operational aspects, economic intensity and management of public indoor swimming pools in the Czech Republic. It characterizes a specific municipality and assesses its management based on city budgets over the past three years; it represents a certain water park investment project that would be the subject of a municipal investment, where the work reveals its investment costs and operating revenues and costs. The plan to build the water park in the municipality is latter evaluated in the form of the eCBA application, which assesses the entire efficiency of the investment, its financing and the socioeconomic impacts.

Předmětem diplomové práce je vyhodnocení investičního návrhu do zahraničí. V teoretické části práce je důraz kladen na analýzy, jež pomáhají popsat okolí a průmysl v zemi investice. Je zde dána definice přímé zahraniční investice a práce se zmiňuje i o historii. Hlavní náplní teoretické části je příprava investice, způsoby vyhodnocení a stavba cash flow. Poslední kapitola se zabývá riskem, který vyplývá ze změn v kurzech měn. V teoretické části je provedena analýza PESTLE a Portrův model pěti sil. Jsou popsány přímé zahraniční investice v Německu a v neposlední řadě je vyhodnocena zamýšlená investice.

This thesis deals with an experimental verification of powdered plastics coating on a component with a painting shop layout. Part of this thesis is looking for the best kind of a paint which meets the wishes from the company such as specific dielectric strength or cladding thickness. The selective variation is drown up into the technological project. At the end of the thesis there is a technical-economical evaluation of the project, focusing mainly on the efficiency of the investment in new mechanical equipment and on the economic return.

The aim of the thesis was to examine the basic technical and technological requirements of photovoltaic technology in terms of economic characteristics, analyze the current situation in the use of renewable energy sources, especially photovoltaics in the Czech Republic with comparing to the world's situation. The thesis also provides an overview of laws and legal norms applicable in the Czech Republic and the European Union with regard to photovoltaics. The crucial part is dedicated to investment evaluation of the renewable energy (photovoltaic) projects. The author supports presented ideas with a comprehensive investment analysis of a specific rooftop photovoltaic project realized by medium sized company. In addition to evaluation process the investment recommendation is provided and the most significant risk factors of the project are identified. The conclusion of this thesis includes a single-factor sensitivity analysis of a net present value of the project.

s the dependence of IS/IT has grown in modern organizations, IT investments have soared in the last couple of decades. Large amounts of money are spent with the hope that the investments will generate value for the business organizations using the systems. It is hence easy to understand the needs for methods to assess the business value of IT-investments. The investment decision is basically about selecting the best IT-system or the best combination of IT-systems, i.e. the system(s) that provides the most business value in dimensions that are important business-wise. However, a problem with many of the avail-able methods is that they often fail to concretely explain what technical characteristics the IT systems(s) should have to achieve the business value desired. A complicating aspect of IT-investment evaluations is also that the evaluations usually include a high degree of un-certainty. In this thesis, an IT investment evaluation method is presented that indicatively assesses the differences in contribution to business value from IT-investment alternatives. The method provides, at a relatively low cost of investigation, indications of not only the technical differences between the IT-investment alternatives in a specific investment situation, but also an assessment of the differences in types and amounts of their business value. The presented method has been applied in a large case study at an electric power company. Furthermore, it also incorporates concepts found within Enterprise architecture (EA), particularly in how the information used in the evaluation is collected. The presented thesis is a composite thesis that, besides an introduction, includes five papers (paper A-E). Paper A presents an outline of the method as well as its application in the case study. It also presents the theoretical fundaments for the criteria used for the technical evaluation and the business value assessment including the method’s applications in relation to Enterprise architecture. The following two papers primarily present necessary steps in the development of the method. First, paper B presents the process to develop a functional reference model (used for the functional assessments in the method), including its application in the case study. Second, a breakdown of the term business value into a set of IS/IT-affected value dimension is presented in paper C. The last two papers present the final steps, i.e. the technical evaluation of the investment alternatives (paper D) and the final business value assessment (paper E). The papers include the methods to perform these analyses as well as the application of the method in the case study and the results of the case study. / QC 20100608

Magistro baigiamajame darbe išanalizuoti ir įvertinti Lietuvos II pakopos pensijų fondų investicijų grąžos pokyčiai verslo cikluose, iškelta fondo pasirinkimo problema bei pateikti siūlymai kaip šią problemą spręsti pensijų fondų dalyviams. Pirmoje darbo dalyje teoriniu aspektu analizuojama Lietuvos pensijų sistema, pateikiami teigiami ir neigiami kaupiamųjų fondų aspektai ir pateikiama verslo ciklų samprata. Antroje dalyje atliekama II pakopos pensijų fondų metinėse ataskaitose skelbiamų rodiklių analizė, nagrinėjami dažniausiai mokslinėje literatūroje sutinkami pensijų fondų vertinimo metodai bei pateikiamas darbo tyrimo modelis ir apibrėžiama darbo eiga. Trečioje dalyje pateikiama trumpa 2013 metų pabaigoje veiklą vykdžiusių II pakopos pensijų fondų apžvalga ir panaudojant Šarpo metodiką bei kitus pagrindinius fondų vertinimo kriterijus yra atrenkami efektyviausiai valdomi skirtingų strategijų pensijų fondai. Identifikavus verslo ciklus Lietuvoje, atliekama efektyviausiai valdomų skirtingų strategijų pensijų fondų investicijų grąžos analizė kiekvienoje verslo ciklo fazėje. Atliekama techninė analizė ir sudaromos tiesinės daugianarės regresijos lygtys, naudojamos prognozuoti investicijų grąžos pokyčius remiantis faktiniais fondų apskaitos vienetų vertės pokyčiais ir makroekonominiais rodikliais. / Master's Work analyzed and evaluated Lithuanian pillar II pension funds return on investment changes in business cycles, a series of suggestions is given for pension funds participants how to solve the problem of pension fund selection. The first part examines theoretical aspect of Lithuanian pension system, an overview of its positive and negative aspects and defined concept of business cycles. In second section analyzed indicators provided in the annual reports of pillar II pension funds, mostly encountered pension fund valuation methods in the scientific literature and workflow is defined. The third part present short review of Lithuanian pillar II pension funds which operated in 2013 and using Sharpe methodology and other most important valuation methods are selected efficiently managed by different strategies of pension funds. After identification of the business cycles in Lithuania, carried out in most effectively managed, by different strategies of pension funds, the return on investment analysis for each phase of the business cycle Technical analysis and the straight multiple regression equations used to predict changes in investment return based on the actual value of the fund units of accounting changes and macroeconomic indicators.

Introduction: The traditional IT investment evaluation methods and/or techniques tend to measure the quantitative value added by eHealth. However, there are contributions brought by innovation which are intangible and sundry, and thus are difficult to identify, measure and manage. A model presented by Vimarlund & Koch (2011) aims for identifying the benefits that IT investments bring to health and social care organizations. It could be used as a tool that identifies and classifies the effects and indicators of IT innovation in-vestments at different organizational levels for different stakeholders. Purpose and research questions: This is an evaluative study with the purpose to validate Vimarlund & Koch’s (2011) evaluation model through practical application. A care study of EIAS (ERAS Interactive Audit System) is conducted. ERAS stands for Enhanced Recovery After Surgery, which is an innovative process aims to enhance patient’s outcome after ma-jor surgery. EIAS is a system that supports the ERAS process. The aim is to achieve a deep understanding of IT investment evaluation. The model will be used in a real case as a guide to evaluate and identify impact that derives from the use and implementation of IT applica-tions. The process of evaluation could also be seen as a process of validation of the model in terms of comprehensiveness, practicality and applicability. Through this study, we aim to find out: 1) What are the possible contributions that EIAS brings to Jönköping County Council? 2) How is the performance of Vimarlund & Koch’s (2011) evaluation model in practical application, in terms of comprehensiveness, practicality and applicability? Method: The purpose of this study is evaluative and it is conducted by using adductive ap-proach. Single case study will be adopted as the research strategy. In this study, qualitative data will be collected through semi-structured interview with key respondents. The data collected will be analyzed qualitatively with a narrative approach. Conclusion: Guided by Vimarlund & Koch’s (2011) evaluation model, the innovations that have been brought into healthcare organizations by EARS are electronic information supply, internal integration of clinical information and possibilities to learn from the system. The model has been validated in terms of comprehensiveness, practicality and applicability. The evaluation model is a generic model to demonstrate the contribution of IT to innovation and change in health care. It could be used in both formative and summative assessment and as well as goal-free and goal-based evaluation. The issue of the productivity paradox has been noticed as some effects are not immediate after introducing of IT. User-participation or not could be considered as an important condition for the validity of the evaluation guided by the evaluation model.

The investor has to decide whether he realizes the investment in the biogas power plant Smržice with a certain installed capacity If implemented, the investor is entitled to the government-guaranteed purchase price of electricity fixed for 15 years. It is necessary to predict profits and cash flows of each period which are further used for dynamic investment evaluation methods for the purpose of investment decision making. The application of the net present value shows whether the investment project is acceptable or not. The sensitivity analysis is used to compare changes in inputs with its impact on the net present value. The biogas power plant Smržice is typical example of biogas power plants built in Czech Republic in 2011-12 due to the government economic support, so finally these conclusions are generalised for the whole branch of electricity production from biogas.

The thesis deals with an evaluation of the investment project for storage automation in an engineering company. The theoretical part of the thesis describes topics of investment and investment decision-making, methods of evaluation of investment projects, sources of investment financing and storage. At the beginning of the practical part of the thesis, the realized investment project was introduced and its technical specification was presented. In the analytical part of the thesis, the company's balance sheet was evaluated, gathering and analysis of calculation data was carried and a calculation of yearly revenues and costs was performed. Subsequently, calculations of investment efficiency were performed using dynamic methods of evaluation of investment projects and sensitivity analysis of input factors. In the final part of the thesis, the evaluation of the results was performed and recommendations for future investments of the company in the same technology were set.

This master’s thesis analyze and assesses the investment project of SAKO Brno and its own effectiveness. The first part includes theoretical knowledge of investment practices, procedures and possible methods of evaluation. The second part is devoted to familiarization with the company and the investment project "Waste Management Brno". In addition, financial analysis and calculations associated with the investment project. The conclusion will assess whether the project is profitable, when will it return and formulation of possible measures for other investment projects.