The paper deals with yield curve construction methods using coupon bonds in Czech bond market. Generally, there are more possibilities how to approach this problem: bootstraping, splines, parametric functions. Due to the lack of tradable public bonds and due to the fact that existing bonds do...

Kooperativní chování je nezbytnou podmínkou pro existenci moderních komplexních společenství a ekonomik, jak je známe dnes. Z pohledu společenských věd je proto zajímavé porozumnět, jak takové chování může převažovat i v situacích, kdy jednoduchá úvaha vede k opačnému...

Kooperativní chování je nezbytnou podmínkou pro existenci moderních komplexních společenství a ekonomik, jak je známe dnes. Z pohledu společenských věd je proto zajímavé porozumnět, jak takové chování může převažovat i v situacích, kdy jednoduchá úvaha vede k opačnému...

This paper addresses the issue of project standby capacity optimization for capital budgeting. A detailed analysis and case study show that this is a particular real-option based situation, which solicits the use of statistical simulation. The method can be recommended as a useful heuristic for...

Public universities in the Czech Republic suffer from insufficient funding for many years. One possibility for an increased funding of Czech public universities is an introduction of a low administrative fee called enrollment fee for each semester of a study. The aim of this article is to show...

The article presents and investigates new possibilities of multivariate data visualization and their analytical convenience. We demonstrate elementary principles, algorithms and graphical outputs of modern visualization methods with particular focus on Bertin matrices, RADVIZ, Projection pursuit...

The impact of different financing alternatives on two simple models of the university system is analysed in this paper. Both models are agent - based, the reason is that we analyse a system of heterogeneous universities instead of a representative university. Models differ in the rules for the...

The paper presents the optimal control theory and the maximum principle technique that is suitable for solving dynamic optimalization problems in continuous time. Modern mainstream macroeconomics stresses microeconomics principles of solved problems. However, the application of the standard...

In this paper we construct a supply function of university education, i.e. the dependence of the supply (the number of places for students) on its price, i.e. on the revenue of university (either from scholarship or from state support) per student. We derive our results from an optimization...