Business processes take place in an environment of complex systems that consist of many interrelated elements with stochastic and dynamic characteristics. Simulation and management methods were developed to cope with such complexity. Simulation and management methods are interdependent...

The paper analyzes 10-year government bond and stock index of the Czech Republic and the United States in period from January 2002 to February 2012. Main purpose of the paper is to show connection between bond and stock market and verify whether bonds can be taken as stock indicators. A detailed...

The purpose of this paper is to investigate the determinants of labour market dynamics in EU-27 in the recent period and to assess their impact on the process of economic development. The degree of originality is given by our choice to focus on the comparative analysis of two periods of time:...

The paper deals with models and methods for evaluation of efficiency and performance of production units. Especially, it aims at data envelopment analysis (DEA) models, which are based on the definition of efficiency as the ratio of outputs produced by the unit on the one hand and inputs spent...

Each year, a part of the budget of the City of Prague is allocated among its city districts in the form of subsidies. The objective of the City of Prague is to find such a set of criteria and such a set of relative weights that estimate the expected cost of local public administration best. The...

The objective of this paper is to evaluate the impact of regulatory policy on the supply of outpatient services and on their geographical distribution in the Czech Republic. The analysis of regulatory policy is based on the review of literature. Trends and regional distribution were analysed...

Efficiency and productivity analysis is widely used in health services research. In the paper, two major modelling approaches to efficiency and productivity analysis in health services are evaluated. The first group comprises non-parametric methods based on the theory of mathematical...

The prime objective of health policy is to improve the health of the population. This must be done with limited resources and at costs that do not impose an unsustainable burden on the economy and its international competitiveness. This is the crucial question to answer: Is the performance of...

We show that sector/firm restructuralization can be seen as the problem of mathematical programming. If the prices of inputs or outputs are not known, the information on technical efficiency may be used instead of economic efficiency. Data envelopment analysis is used to evaluate the technical...

Mental health has an economic impact on both individuals and societies. There is lack of information on total cost of mental illness in the Czech Republic, especially on social services financed by municipalities and private resources. In the health sector, the share of mental health...