Číslo 2
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- ItemAn Exploratory study of a comparison between the UK and Czech Republic of the financial models used in the appraisal of ICT and non-ICT capital projects(Technická Univerzita v Liberci, ) Hynek, Josef; Janeček, Václav; Lefley, Frank; Ekonomická fakultaOur research is aimed at identifying the current practices in respect of the financial appraisal of information communication technology and non-ICT projects. We look specifically at the UK – a well-established market economy – and the Czech Republic – an emerging market economy. Our research is based on a unique survey, which simultaneously examines the financial appraisal models used in the two types of projects, and addresses these issues from two diverse market economies. An important fi nding is that any differences in the fi nancial models used relate to the two countries rather than between ICT or non-ICT projects. While both countries make extensive use of the payback model, they fully defend the view that this model infl uences a short-term mentality.The Czech Republic, more so than the UK, also support the view that the payback is unsuitable for appraising information communication technology projects, yet they still use it to appraise such projects. The Czech Republic places less importance on the discounted cashfl ow models than the UK, with the Czech Republic preferring the ‘net present value’ to the ‘internal rate of return’. The UK, by using an ‘opportunity cost of capital’ approach in the determination of the ‘discount rate’, may be making it harder to achieve a positive net present value than the Czech Republic, who adopt an approach which is nearer to the true cost of capital. This exploratory study will aid both practitioners and academics in a greater understanding of the appraisal of capital assets and focus future research in a positive way.
- ItemMethod for selecting expert groups and determining the importance of expertsjudgments for the purpose of managerial decision-making tasks in health system(Technická Univerzita v Liberci, ) Ivlev, Ilya; Kneppo, Peter; Barták, Miroslav; Ekonomická fakultaThis work aims to develop a methodology for determining the qualitative composition of an expert group and the weighting factor regarding the importance of expert’s judgments for the purpose of participating in decision-making. It is based on the expert’s overall work experience, experience in solving tasks, level of education and scientifi c record, interest in solving the particular task, current position and awareness of how to solve the task. This study also considered the relevance of the expert’s knowledge and the overall self-evaluation concerning their total competence in solving the task. For the purpose of validating the methodology, 96 potential experts (physicians, biomedical engineers, radiological assistants, medical physicists, etc.) from 72 health facilities in the Czech Republic were interviewed through a web-based questionnaire. The calculation model that was selected was able to eliminate errors in estimating the proportionality of extreme values and reduces the impact of uncertainty in the experts’ overall self-evaluations concerning their total competence. A statistically signifi cant correlation was found between the complex weighting factor and the following characteristics: the expert’s experience in dealing with similar tasks (r = 0.512, p < 0.001), the expert’s theoretical background (awareness) and the relevance of the expert’s knowledge (r = 0.440, p < 0.001), the expert’s current position (r = 0.319, p = 0.002) and the level of his or her education and scientifi c record (r = 0.280, p = 0.007). The developed methodology may be especially useful in scientifi c and technological forecasting, medical and managerial decisionmaking, quality assessment and operational research.