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Tong, Guoshi. "Essays on forecast evaluation and model estimation in financial markets." Thesis, University of British Columbia, 2015. http://hdl.handle.net/2429/51883.
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This thesis is comprised of three essays. In the first and second essays, I examine the welfare value of return predictors in financial markets when investors possess only limited historical data. The first essay focuses on the US Treasury bond market where time series variation in the expected return is forecastable by yield curve and macroeconomic variables. The second essay shifts attention to the US stock market where cross-sectional variation in the expected return is predictable by the underlying firms' characteristics. Using monthly US data, I estimate the utility benefit of various return predictors in either the bond or stock market through a structural approach of forecast evaluation. I consider both parametric and non-parametric portfolio policies and conduct both unconditional and conditional evaluations. I find that return predictors are generally hard to exploit with limited data. Incorporating return predictors renders the portfolio strategy more sensitive to estimation errors and instability in forecast relations. The resultant negative effect on portfolio returns and welfare is not dominated by the information value of predictors. The third essay discusses the estimation of the Cox-Ingersoll-Ross interest rate model. I propose a new likelihood-based methodology that uses marginal Metropolis Hasting algorithm with particle-filter based simulated-likelihood placed in each of the iterations. The benefit of this Bayesian approach is that it bypasses the need to compute exact likelihood functions, and its validity rests upon a recent development in Bayesian statistical theory. To mitigate the inefficiency in standard bootstrap filters due to peaky measurement density of the CIR model, I design an approximated conditional optimal filter to account for the informativeness of current yields and reduce the variance of particle weights. For typical parameter values, performance is shown to be satisfactory.Arts, Faculty of
Vancouver School of Economics
Graduate
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Collins, Richard B. "Evaluation of a financial distress model for Department of Defense hardware contractors." Thesis, This resource online, 1992. http://scholar.lib.vt.edu/theses/available/etd-10102009-020236/.
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Lund-Jensen, Kasper. "Essays on forecast evaluation and financial econometrics." Thesis, University of Oxford, 2013. http://ora.ox.ac.uk/objects/uuid:01fb58e7-c857-43ff-998f-7b8e928a49bf.
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This thesis consists of three papers that makes independent contributions to the fields of forecast evaluation and financial econometrics. As such, the papers, chapter 1-3, can be read independently of each other. In Chapter 1, “Inferring an agent’s loss function based on a term structure of forecasts”, we provide conditions for identification, estimation and inference of an agent’s loss function based on an observed term structure of point forecasts. The loss function specification is flexible as we allow the preferences to be both asymmetric and to vary non-linearly across the forecast horizon. In addition, we introduce a novel forecast rationality test based on the estimated loss function. We employ the approach to analyse the U.S. Government’s preferences over budget surplus forecast errors. Interestingly, we find that it is relatively more costly for the government to underestimate the budget surplus and that this asymmetry is stronger at long forecast horizons. In Chapter 2, “Monitoring Systemic Risk”, we define systemic risk as the conditional probability of a systemic banking crisis. This conditional probability is modelled in a fixed effect binary response panel-model framework that allows for cross-sectional dependence (e.g. due to contagion effects). In the empirical application we identify several risk factors and it is shown that the level of systemic risk contains a predictable component which varies through time. Furthermore, we illustrate how the forecasts of systemic risk map into dynamic policy thresholds in this framework. Finally, by conducting a pseudo out-of-sample exercise we find that the systemic risk estimates provided reliable early-warning signals ahead of the recent financial crisis for several economies. Finally, in Chapter 3, “Equity Premium Predictability”, we reassess the evidence of out-of- sample equity premium predictability. The empirical finance literature has identified several financial variables that appear to predict the equity premium in-sample. However, Welch & Goyal (2008) find that none of these variables have any predictive power out-of-sample. We show that the equity premium is predictable out-of-sample once you impose certain shrinkage restrictions on the model parameters. The approach is motivated by the observation that many of the proposed financial variables can be characterised as ’weak predictors’ and this suggest that a James-Stein type estimator will provide a substantial risk reduction. The out-of-sample explanatory power is small, but we show that it is, in fact, economically meaningful to an investor with time-invariant risk aversion. Using a shrinkage decomposition we also show that standard combination forecast techniques tends to ’overshrink’ the model parameters leading to suboptimal model forecasts.
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Alpsten, Edward, Henrik Holm, and Sebastian Ståhl. "Evaluation and optimization of an equity screening model." Thesis, KTH, Skolan för elektroteknik och datavetenskap (EECS), 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-244761.
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Screening models are tools for predicting which stock are the most likely to perform well on a stock market. They do so by examining the financial ratios of the companies behind the stock. The ratios examined by the model are chosen according to the personal preferences of the particular investor. Furthermore, an investor can apply different weights to the different parameters they choose to consider, according to the importance they apply to each included parameter. In this thesis, it is investigated whether a screening model can beat the market average in the long term. It is also explored whether parameter-weight-optimization in the context of equity trading can be used to improve an already existing screening model. More specifically, a starting point is set in a screening model currently in use at a successful asset management firm, through data analysis and an optimization algorithm, it is then examined whether a programmatic approach can identify ways to improve the original screening model by adjusting the parameters it looks at as well as the weights assigned to each parameter. The data set used in the model contains daily price data and annual data on financial ratios for all stocks on the Stockholm Stock Exchange as well as the NASDAQ-100 over the time period 2004-2018. The results indicate that it is possible to beat the market average in the long term. Results further show that a programmatic approach is suitable for optimizing screening models.
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Dumitrescu, Elena. "Econometric Methods for Financial Crises." Thesis, Orléans, 2012. http://www.theses.fr/2012ORLE0502/document.
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Connus sous le nom de Systèmes d’Alerte Avancés, ou Early Warning Systems (EWS), les modèles de prévision des crises financières sont appelés à jouer un rôle déterminant dans l’orientation des politiques économiques tant au niveau microéconomique qu’au niveau macroéconomique et international. Or,dans le sillage de la crise financière mondiale, des questions majeures se posent sur leur réelle capacité prédictive. Deux principales problématiques émergent dans le cadre de cette littérature : comment évaluer les capacités prédictives des EWS et comment les améliorer ?Cette thèse d’économétrie appliquée vise à proposer (i) une méthode d’évaluation systématique des capacités prédictives des EWS et (ii) de nouvelles spécifications d’EWS visant à améliorer leurs performances. Ce travail comporte quatre chapitres. Le premier propose un test original d’évaluation des prévisions par intervalles de confiance fondé sur l’hypothèse de distribution binomiale du processus de violations. Le deuxième chapitre propose une stratégie d’évaluation économétrique des capacités prédictives des EWS. Nous montrons que cette évaluation doit être fondée sur la détermination d’un seuil optimal sur les probabilités prévues d’apparition des crises ainsi que sur la comparaison des modèles.Le troisième chapitre révèle que la dynamique des crises (la persistance) est un élément essentiel de la spécification économétrique des EWS. Les résultats montrent en particulier que les modèles de type logit dynamiques présentent de bien meilleurs capacités prédictives que les modèles statiques et que les modèles de type Markoviens. Enfin, dans le quatrième chapitre nous proposons un modèle original de type probit dynamique multivarié qui permet d’analyser les schémas de causalité intervenant entre différents types crises (bancaires, de change et de dette). L’illustration empirique montre clairement que le passage à une modélisation trivariée améliore sensiblement les prévisions pour les pays qui connaissent les trois types de crisesKnown as Early Warning Systems (EWS), financial crises forecasting models play a key role in definingeconomic policies at microeconomic, macroeconomic and international level. However, in the wake ofthe global financial crisis, numerous questions with respect to their forecasting abilities have been raised,as very few signals were drawn prior to the starting of the turmoil. Two questions arise in this context:how to evaluate EWS forecasting abilities and how to improve them?The broad goal of this applied econometrics dissertation is hence (i) to propose a systematic model-free evaluation methodology for the forecasting abilities of EWS as well as (ii) to introduce new EWSspecifications with improved out-of-sample performance. This work has been concretized in four chapters.The first chapter introduces a new approach to evaluate interval forecasts which relies on the binomialdistributional assumption of the violations series. The second chapter proposes an econometric evaluationmethodology of the forecasting abilities of an EWS. We show that adequate evaluation must take intoaccount the cut-off both in the optimal crisis forecast step and in the model comparison step. The thirdchapter points out that crisis dynamics (persistence) is essential for the econometric specification of anEWS. Indeed, dynamic logit models lead to better out-of-sample forecasting probabilities than those oftheir main competitors (static model and Markov-switching one). Finally, a multivariate dynamic probitEWS is proposed in the fourth chapter to take into account the causality between different types of crises(banking, currency, sovereign debt). The empirical application shows that the trivariate model improvesforecasts for countries that underwent the three types of crises
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Straňanek, Juraj. "Evaluation of the Financial Situation of a Company and Proposals for Improvement." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-255763.
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Lefley, Frank. "The development of the financial appraisal profile model and its application in the evaluation of capital projects." Thesis, Royal Holloway, University of London, 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.405172.
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Almamy, Jeehan. "An evaluation of Altman's Z score using cash flow ratio as analytical tool to predict corporate failure amid the recent financial crisis in the UK." Thesis, Brunel University, 2016. http://bura.brunel.ac.uk/handle/2438/13735.
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One of the most important threats for many firms today, despite their nature of the operation, size and longevity, is insolvency. Existing empirical evidence has shown that in the past two decades, business failures have occurred at a higher rate than any time since the 1930s. Many business failure studies have been conducted over time using financial ratios as inputs and traditional statistical techniques. Some of these studies examined whether cash flow information improves the prediction of business failure. Most recently, researchers have employed discriminant analysis to perform business failure prediction. The recent changes in the world caused by unstable environments where many firms fail more than ever, there is increasing need to predict business failure. To this date, there have been limited previous studies conducted on failure prediction for UK firms. Even in other countries, there has been a small amount of research done in the field of firm failures. Therefore, this study investigates the extension of Altman’s (1968) original model in predicting the health of UK firms using discriminant analysis and performance ratios to test which ratios are statistically significant in predicting the health of the UK firms .a selected sample containing 90 failed and 1000 non failed on UK industrial firms from 2000 – 2013. The main purpose of this study is to contribute towards Altman’s (1968) original Z-score model by adding new variables (Cash flow ratio). The study found that cash flow, when combined with Altman’s original variables is highly significant in predicting the health of UK general firms. A J-UK model was developed to test the health of UK firms. When compared with the re-estimated the Altman’s original model in the UK context, the predictive power of the model was 82.9%, which is consistent with Taffler’s (1982) UK model. Furthermore, to test the predictive power of the model before, during and after the financial crisis periods; results show that J-UK model had a higher accuracy to predict the health of UK firms than the re-estimated Altman’s original model. Finally, the study proves that liquidity, profitability, leverage and capital turnover ratios are significant ratios in predicting failure. Liquidity and profitability have the highest contribution to the results of both re-estimated Altman’s original model and J-UK model. This study has implications for decision makers. Regulatory bodies and practitioners have to take into account the ratios, which contributed highest to the model in order to serve as early warning signals for corrective action.
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Trönnberg, Filip. "Empirical evaluation of a Markovian model in a limit order market." Thesis, Uppsala universitet, Matematiska institutionen, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-176726.
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A stochastic model for the dynamics of a limit order book is evaluated and tested on empirical data. Arrival of limit, market and cancellation orders are described in terms of a Markovian queuing system with exponentially distributed occurrences. In this model, several key quantities can be analytically calculated, such as the distribution of times between price moves, price volatility and the probability of an upward price move, all conditional on the state of the order book. We show that the exponential distribution poorly fits the occurrences of order book events and further show that little resemblance exists between the analytical formulas in this model and the empirical data. The log-normal and Weibull distribution are suggested as replacements as they appear to fit the empirical data better.
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Kundrátek, Jan. "Hodnocení výkonnosti společnosti Kunst, spol. s r.o. s využitím Balanced Scorecard." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-225109.
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This thesis deals with the company's performance, its measurement and increase. The theoretical section provides insights from literature and further on this base an analytic and proposal part follows. The analytical part contains particularly introduction of the company, its activities and strategic and financial analysis of the company. The proposal part deals with the implementation of the Balanced Scorecard in the analysed company.
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Yuzbasioglu, Nedim. "Evaluation of the critical factors influencing the growth potential of small and medium size tourism enterprises in Turkey using a non-financial model." Thesis, Cardiff University, 1992. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.410460.
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Šustrová, Pavlína. "Hodnocení finanční výkonnosti podniku prostřednictvím benchmarkingu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2020. http://www.nusl.cz/ntk/nusl-417380.
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The diploma thesis is focused on the evaluation of the financial and business performance of the company NOVA Blansko Ltd. by using the benchmarking method. The first part of this work consists of the theoretical basis of the specific issue. The second part focuses on introducing the company and performing a situation analysis. The following part is a key part of this work, it contains the actual implementation of benchmarking of the company with selected competitors. The final part of this work summarizes the main findings obtained from individual analyses and recommendations for improving the company's performance.
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Bulvová, Tereza. "Hodnocení výkonnosti podniku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2018. http://www.nusl.cz/ntk/nusl-383546.
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This master´s thesis focuses on the assessment of the financial and business performance of the company SVITAP J. H. J. spol. s r. o. by using the methods of benchmarking. First part of the work provides a theoretical background for the issue. The second part of the thesis contains instroduction of the company and situational analysis of the company. In the main part of the thesis is the acutal benchmarking of the company with selected competitors. On top of that I present possible recommendations for the selected company in order to enhance or even eliminate identified weaknesses.
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Uher, Michal. "Hodnocení výkonnosti podniku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2013. http://www.nusl.cz/ntk/nusl-224239.
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This master’s thesis is focused on evaluation of performance and current state of the company Diadex Ltd. With the help of specific analysis and tools, described in the theoretical part, this thesis describes the environment, in which the company operates, and reveals pros and cons, that significantly affect corporate activities. Based on the results of financial and non-financial indicators, this work exposes the strengths and weaknesses. In conclusion, the selected methods should refer to the areas, which require increased attention, and possibly propose a solution for change and improvement in particular area or overall situation.
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Trecáková, Tatiana. "Stanovení hodnoty společnosti DHL Express (Czech Republic) s.r.o." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-96372.
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The aim of this thesis is to determine the market value of DHL Express (Czech Republic) s.r.o. based on publicly available information as at 31.12.2011. The first section details the methodological framework for strategic and financial analysis, building a financial plan and determining the market value of a company. The beginning of the practical part contains the evaluated company information and declares the purpose of determining the market value of a company. The strategic analysis and evaluation of a company's financial health is an essential part of the evaluation process. In addition, the individual company value generators are prognosed on the basis of which the financial plan for the next period is built. On the assumption of company's continued existence, the discounted cash flow method DCF was selected.
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Beisler, Matthias Werner. "Modelling of input data uncertainty based on random set theory for evaluation of the financial feasibility for hydropower projects." Doctoral thesis, Technische Universitaet Bergakademie Freiberg Universitaetsbibliothek "Georgius Agricola", 2011. http://nbn-resolving.de/urn:nbn:de:bsz:105-qucosa-71564.
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The design of hydropower projects requires a comprehensive planning process in order to achieve the objective to maximise exploitation of the existing hydropower potential as well as future revenues of the plant. For this purpose and to satisfy approval requirements for a complex hydropower development, it is imperative at planning stage, that the conceptual development contemplates a wide range of influencing design factors and ensures appropriate consideration of all related aspects. Since the majority of technical and economical parameters that are required for detailed and final design cannot be precisely determined at early planning stages, crucial design parameters such as design discharge and hydraulic head have to be examined through an extensive optimisation process. One disadvantage inherent to commonly used deterministic analysis is the lack of objectivity for the selection of input parameters. Moreover, it cannot be ensured that the entire existing parameter ranges and all possible parameter combinations are covered. Probabilistic methods utilise discrete probability distributions or parameter input ranges to cover the entire range of uncertainties resulting from an information deficit during the planning phase and integrate them into the optimisation by means of an alternative calculation method. The investigated method assists with the mathematical assessment and integration of uncertainties into the rational economic appraisal of complex infrastructure projects. The assessment includes an exemplary verification to what extent the Random Set Theory can be utilised for the determination of input parameters that are relevant for the optimisation of hydropower projects and evaluates possible improvements with respect to accuracy and suitability of the calculated resultsDie Auslegung von Wasserkraftanlagen stellt einen komplexen Planungsablauf dar, mit dem Ziel das vorhandene Wasserkraftpotential möglichst vollständig zu nutzen und künftige, wirtschaftliche Erträge der Kraftanlage zu maximieren. Um dies zu erreichen und gleichzeitig die Genehmigungsfähigkeit eines komplexen Wasserkraftprojektes zu gewährleisten, besteht hierbei die zwingende Notwendigkeit eine Vielzahl für die Konzepterstellung relevanter Einflussfaktoren zu erfassen und in der Projektplanungsphase hinreichend zu berücksichtigen. In frühen Planungsstadien kann ein Großteil der für die Detailplanung entscheidenden, technischen und wirtschaftlichen Parameter meist nicht exakt bestimmt werden, wodurch maßgebende Designparameter der Wasserkraftanlage, wie Durchfluss und Fallhöhe, einen umfangreichen Optimierungsprozess durchlaufen müssen. Ein Nachteil gebräuchlicher, deterministischer Berechnungsansätze besteht in der zumeist unzureichenden Objektivität bei der Bestimmung der Eingangsparameter, sowie der Tatsache, dass die Erfassung der Parameter in ihrer gesamten Streubreite und sämtlichen, maßgeblichen Parameterkombinationen nicht sichergestellt werden kann. Probabilistische Verfahren verwenden Eingangsparameter in ihrer statistischen Verteilung bzw. in Form von Bandbreiten, mit dem Ziel, Unsicherheiten, die sich aus dem in der Planungsphase unausweichlichen Informationsdefizit ergeben, durch Anwendung einer alternativen Berechnungsmethode mathematisch zu erfassen und in die Berechnung einzubeziehen. Die untersuchte Vorgehensweise trägt dazu bei, aus einem Informationsdefizit resultierende Unschärfen bei der wirtschaftlichen Beurteilung komplexer Infrastrukturprojekte objektiv bzw. mathematisch zu erfassen und in den Planungsprozess einzubeziehen. Es erfolgt eine Beurteilung und beispielhafte Überprüfung, inwiefern die Random Set Methode bei Bestimmung der für den Optimierungsprozess von Wasserkraftanlagen relevanten Eingangsgrößen Anwendung finden kann und in wieweit sich hieraus Verbesserungen hinsichtlich Genauigkeit und Aussagekraft der Berechnungsergebnisse ergeben
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Nel, Johan Floris. "Information technology investment evaluation and measurement (ITIEM) methodology: A case study and action research of the dimensions and measures of IT - business -value in financial institutions." Thesis, Queensland University of Technology, 2004. https://eprints.qut.edu.au/15983/1/Johan_Nel_Thesis.pdf.
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This study was motivated by the researcher's, as well as his superior's, concern that a
fundamental area of business, information technology investment and evaluation, continues to be problematic for many organisations. The lack of an integrated and methodical approach to the problem, as well as the fragmented research done to date on the effective measurement of IT-business-value, amplified the need for this study.
The main objective of this study was to propose a new, more comprehensive model of the dimensions constituting IT-business-value, as well as related measures. The resultant ITIEM model dimensions were designed into a practical and holistic ITIEM methodology, intended to aid practice with:
* Demonstrating how IT investments can enable measurable IT business-value
* Determining which IT investments will yield the most IT-business-value for the organisation; and
* Ensuring that IT investments and business initiatives support each The study has also endeavoured to contribute to the growth of knowledge by raising
new problems, mapping out a program for future research on ITIEM, and putting
1 "Dimensions" refers to "groupings" of IT-business-value measures.
forward a benefits framework that is verifiable by empirical observation, with the use
of both case studies as well as action research. The study design includes:
1) A literature survey to identify the dimensions of IT-business-value, to identify the
measures of IT-business-value, and to identify a candidate starting ITIEM
methodology that is most comprehensive, addressing the most relevant measures of
IT-business-value. This information is used to produce a draft case study protocol.
2) A single, exploratory pilot case study of a South African bank and a resultant revised case study protocol.
3) A cross-case analysis of a multiple case study of five South African banks
(including the pilot) yielding a draft ITIEM model.
4) A cross-case analysis of three Australian banks, further enhancing the draft ITIEM
model; and a cross-country comparison of the South African and Australian banks.
The multiple case studies within South Africa and within Australia represent literal replications, while the cross-country comparison represents theoretical replication.
5) The existing ITIEM methodology selected in (1) is revised to reflect the draft ITIEM model and a new hybrid ITIEM methodology is proposed.
6) This hybrid ITIEM methodology is implemented and revised with action research resulting in the final ITIEM methodology and final ITIEM model.
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Nel, Johan Floris. "Information technology investment evaluation and measurement (ITIEM) methodology: A case study and action research of the dimensions and measures of IT - business -value in financial institutions." Queensland University of Technology, 2004. http://eprints.qut.edu.au/15983/.
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This study was motivated by the researcher's, as well as his superior's, concern that a fundamental area of business, information technology investment and evaluation, continues to be problematic for many organisations. The lack of an integrated and methodical approach to the problem, as well as the fragmented research done to date on the effective measurement of IT-business-value, amplified the need for this study. The main objective of this study was to propose a new, more comprehensive model of the dimensions constituting IT-business-value, as well as related measures. The resultant ITIEM model dimensions were designed into a practical and holistic ITIEM methodology, intended to aid practice with: * Demonstrating how IT investments can enable measurable IT business-value * Determining which IT investments will yield the most IT-business-value for the organisation; and * Ensuring that IT investments and business initiatives support each The study has also endeavoured to contribute to the growth of knowledge by raising new problems, mapping out a program for future research on ITIEM, and putting 1 "Dimensions" refers to "groupings" of IT-business-value measures. forward a benefits framework that is verifiable by empirical observation, with the use of both case studies as well as action research. The study design includes: 1) A literature survey to identify the dimensions of IT-business-value, to identify the measures of IT-business-value, and to identify a candidate starting ITIEM methodology that is most comprehensive, addressing the most relevant measures of IT-business-value. This information is used to produce a draft case study protocol. 2) A single, exploratory pilot case study of a South African bank and a resultant revised case study protocol. 3) A cross-case analysis of a multiple case study of five South African banks (including the pilot) yielding a draft ITIEM model. 4) A cross-case analysis of three Australian banks, further enhancing the draft ITIEM model; and a cross-country comparison of the South African and Australian banks. The multiple case studies within South Africa and within Australia represent literal replications, while the cross-country comparison represents theoretical replication. 5) The existing ITIEM methodology selected in (1) is revised to reflect the draft ITIEM model and a new hybrid ITIEM methodology is proposed. 6) This hybrid ITIEM methodology is implemented and revised with action research resulting in the final ITIEM methodology and final ITIEM model.
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Silvennoinen, Annastiina. "Essays on autoregressive conditional heteroskedasticity." Doctoral thesis, Stockholm : Economic Research Institute, Stockholm School of Economics (EFI), 2006. http://www2.hhs.se/EFI/summary/711.htm.
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Hrdličková, Lenka. "Hodnocení výkonnosti podniku pomocí metody benchmarking." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-241614.
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The thesis is divided into two main parts. The first part is focusing to theoretical bases of work, it is a brief introduction to business performance and utilization of modern indicators to measure it with an emphasis on benchmarking. In second part, we deal with the practical application of information acquired and that a specific enterprise. It is an analysis of the current situation with companies in the same field of business. With the help of financial analysis, SWOT matrix identify the strengths and weaknesses of the company. The most important part is devoted to benchmarking based on publicly available data from the financial statements. For these purposes, I especially enjoyed the information from the available statement. Based on the information they are designed adequate opportunities in improving and recommendations for evaluating enterprise.
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Skira, Aaron Michael. "Consequences of Postsecondary Education Institution Policies and Practices: A Structural Model of Tuition Costs, Student Financial Aid, Selectivity, Proximity, and Enrolled Undergraduate Students’ Aggregate Capital." Wright State University / OhioLINK, 2018. http://rave.ohiolink.edu/etdc/view?acc_num=wright1545390925706985.
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Schulzová, Milada. "Hodnocení výkonnosti podniku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-224923.
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This master thesis is focused on performance evaluation of company AGRI CS a.s., namely the evaluation of financial and business performance using benchmarking. The theoretical part deals with some approaches and methods suitable for the company performance evaluation with an emphasis on benchmarking. The main part however is in-depth case study on business performances of selected company. The core part is financial performance benchmarking based on public data from financial annual accounts. For this purpose I use database Amadeus. I analyzed most of the performance indicators for an average of industry branch as well as for 14 most intense competitors. Final remarks of the thesis discuss the main findings and conclusions of the whole performance analysis. On top of that I present possible recommendations for the selected company in order to enhance or even eliminate identified weaknesses.
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Bravo, García Lily Nancy, and Mariluz Gisella Guzmán. "Propuesta de Expansión para un Centro de Entretenimiento." Master's thesis, Universidad Peruana de Ciencias Aplicadas (UPC), 2019. http://hdl.handle.net/10757/655350.
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Este documento presenta un trabajo de investigación que tiene como objetivo determinar la viabilidad de un proyecto de expansión para el centro de entretenimiento Magic Zone, el cual ofrece juegos y talleres artísticos para niños menores a 6 años.
Magic Zone brinda un servicio de entretenimiento y de actividades artísticas para niños menores a 6 años con juegos y talleres atractivos para el infante, y que cumple con las siguientes características: ubicado en un lugar estratégico, políticas de seguridad claramente establecidas para el cuidado de los menores, horarios acordes a la necesidad del cliente (apoderado), y profesional calificado tanto para el diseño frecuente del espacio con juegos en zonas de recreación como para el diseño de talleres. Estas dos últimas características solo las tienen negocios como centros de estimulación temprana, guarderías y nidos. Sin embargo, Magic Zone ha apostado por considerarlas a fin de lograr captar la atención de los niños y potenciar su deseo de realizar actividades de motricidad y creatividad.
Actualmente, Magic Zone está ubicado en el distrito de Los Olivos, en un local con un layout distribuido solo en el primer piso y área geográfica construida de 120 m2, ubicado estratégicamente en la Av. Antúnez de Mayolo 1474 cerca a centros de educación inicial y condominios con familias que tienen hijos pequeños.
La experiencia adquirida de Magic Zone en su primer año de operación, nos motivó a evaluar una propuesta de negocio para el crecimiento de nuevos centros de entretenimiento, con las mismas características de su primer local, en otros distritos de Lima Metropolitana, los cuales tienen mayor población de niños en el rango de 0 a 6 años (público objetivo) como son San Juan de Lurigancho, Ate, San Martín de Porres, Villa El Salvador y Comas,
Se ha evaluado el mercado objetivo, los resultados del sondeo y el análisis financiero de los 5 distritos con mayor población, y se concluye que es conveniente desarrollar la expansión del centro de entretenimiento de Magic Zone solo en 4 distritos: San Juan de Lurigancho, Ate, Villa El Salvador y Comas, por tener mayor poder adquisitivo e indicadores financieros viables. No optamos por abrir un local en el distrito de San Martín de Porres porque la encuesta determinó que los clientes potenciales no estaban dispuestos a pagar el valor actual del servicio.
Asimismo, podemos determinar a través de la evaluación financiera realizada para cada distrito que en el en distrito de San Juan de Lurigancho obtuvimos el mayor VAN con S/. 54,929.25 soles, que respalda la viabilidad de la propuesta de extender la empresa en este distrito y con un TIR de 73.66%. En el caso del distrito de Ate, los resultados que respaldan la viabilidad del proyecto son de S/. 54,274.38 para el VAN y 71.81% para el TIR. Por otro lado, en el distrito de Comas y Villa el Salvador, se obtuvo un VAN de S/. 52,964.63 y S/. 53,619.51 respectivamente y un TIR de 68.30% en Comas y un 70.02% en el distrito de Villa el Salvador.
En conclusión, por el proyecto global obtenemos un VAN y TIR de S/ 215,787.77 y 70.91%, este resultado positivo del VAN demuestra que el proyecto de expansión propuesto para Magic Zone, es viable y sostenible financieramente.This document presents a project for the expansion of an entertainment center for children up to 6 years old, which is currently operating in Los Olivos district, in Lima, Peru. An entertainment center is a business model that provides recreation, entertainment, and hobby services for children. The service includes a space with a wide variety of games for motor activities. This type of service is demanded by families that look for a clean, close, safe and with a variety of entertainment options for their children. Currently, entertainment centers have been located within shopping centers as one more store offering services. Unlike the traditional entertainment center model located in shopping centers, this project evaluates the option of installing this business model outside the Shopping Centers and concludes the feasibility of doing so in four of the most populated districts of the city of Lima.
Trabajo de investigación
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Šípková, Jana. "Hodnocení finanční situace podniku a návrhy na její zlepšení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2014. http://www.nusl.cz/ntk/nusl-224322.
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This master´s thesis is concerned with evaluation of the financial situation of the choosen company during the years 2008 to 2012. The master´s thesis contains theoretical background, the methods that are used to perform this financial analysis, information about the company and elaborated financial analysis. In conclusion, on the basis of established results, it describes the measures that should help to improve the financial health of the company.
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Sieczka, Pavel. "Podnikatelský záměr." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2009. http://www.nusl.cz/ntk/nusl-222032.
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Master‘s thesis deals with problems connected with unsufficient usage of current state of business premises, where usage of these premises for developing company‘s services is possible. The aim of the thesis is to find suitable solution for spare premises either with expansion of providing services in present time or to find usage of these premises with providing new services.
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Peštuka, Jiří. "Hodnocení finanční situace podniku a návrhy na její zlepšení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-224906.
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The focus of this master thesis is the analysis of the financial situation of a particular company from 2008 - 2013. The first part of the thesis provides a theoretical description of the methods that are used in the assessment of the financial situation of the company. The following part of the thesis provides facts about the company. The diploma thesis conducted a strategic analysis of external and internal surroundings. The financial assessment of the company is based on the analysis of financial statements of the company. In the final part of the thesis the findings are evaluated and solutions proposed accordingly. The implementation of the outlined solutions should lead to the gradual improvement of the financial situation of the company.
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Pelcová, Veronika. "Hodnocení finanční situace podniku a návrhy na její zlepšení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2012. http://www.nusl.cz/ntk/nusl-223340.
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This master’s thesis deals with evaluating the financial situation of a company Speleoart,s.r.o. between 2006 and 2010. The aim of the thesis is to analyze recent situation of the company and to bring suggestions to improve its situation. The first part of this work is dedicated to theoretical knowledge, where I will explain the basic terms and methods of financial analyzis. In the second part there will be a detailed information about the company, characterization of its situation, analyzis of the external and internal surroundings and the financial analyzis. The third part will be based on results from the second part and will include the suggested change, which should lead to the improvement of the financial situation of the company.
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Rysová, Ludmila. "Hodnocení finanční situace podniku a návrhy na její zlepšení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2008. http://www.nusl.cz/ntk/nusl-264886.
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My master´s thesis focuses on the processes involved in conduction of overall financial assessment of the company using financial analysis method. The aim of this thesis is to recommend actions for improving the current financial situation of the corporation Alfa Plastik, a.s. The thesis is divided into four main parts. The first part deals with the general characteristics of the company, the theoretical part describes the financial analysis procedure using new findings and ascertainments from literature. The practical part analyses the financial situation of the company through application of various financial analysis instruments and the final part pursues to actions proposed by me.
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Chotee, Deepika. "Evaluating value at risk models: an application to the Johannesburg Stock Exchange." Master's thesis, University of Cape Town, 2014. http://hdl.handle.net/11427/18625.
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The management of market risk is an essential determinant of the stability of a financial institution, and by extension, of the overall financial system. There are various variables which impact on the accuracy of a market risk management system. For various reasons which are discussed in this study, Value at Risk (VaR) is used as a measure of market risk. VaR has certain key features which make it adaptable to several types of scenarios in order to provide a measure of market risk. In order to assess these features of VaR, this study evaluates VaR using a range of techniques. This study analyses the performance of some of the most popular VaR models using the JSE ALSI's total daily returns. The VaR estimates were calculated for each model using varying parameters for confidence level, risk horizon, distributional assumptions and other variables. The study evaluates the relative accuracy of each model analysed, over specific subsets of the data set under consideration, and performs five different backtests to determine the accuracy of each model. The aim of this analysis is to identify the model most suited to predicting VaR in the South African environment. A key feature of this study is that it includes data during and after the financial crisis, and can, therefore, model the respective volatility characteristics of the data during this period. The results of the analysis indicate that the asymmetric GARCH models outperform the other models over both the full sample period and the crisis and post-crisis subperiods, and that the t distribution assumption produces more accurate forecasts. This implies that such models are better suited to capturing the effects of volatility for data with these characteristics.
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Sun, Qi. "Four essays in dynamic macroeconomics." Thesis, St Andrews, 2010. http://hdl.handle.net/10023/941.
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Zachovalová, Lenka. "Hodnocení výkonnosti podniku." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2014. http://www.nusl.cz/ntk/nusl-233051.
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This master´s thesis is focused on the evalution of company Lázně Poděbrady, a.s. in years 2010 – 2012. The theoretical part describes an issue of company performance measurement and the practical part contains evaluating the performance the chosen company. The last part includes suitable suggestions to ensure the continued performance of the company.
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Sedmera, Michal. "Hodnocení finančního zdraví vybraného podniku a návrhy na jeho zlepšení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2011. http://www.nusl.cz/ntk/nusl-222889.
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The Master’s thesis deals with a four-star hotel in the Brno city center. The main objective is to evaluate the financial situation of the company through financial statements and knowledge acquired during university studies. The thesis uses methods of financial analysis, analysis of internal and external business environment and the method of induction and deduction.
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OU, Jianshe. "Evaluating predictive performance of value-at-risk models in Chinese stock markets." Digital Commons @ Lingnan University, 2007. https://commons.ln.edu.hk/fin_etd/4.
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Risk can be defined as the volatility of unexpected outcomes, generally for values of assets and liabilities. Financial risk, risk refer to possible losses in financial markets, includes markets risk, credit risk, liquidity risk, operational risk, and legal risk. This MPhil thesis is specializing on market risk, which involves the uncertainty of earnings or losses resulting from changes in market conditions such as asset prices, interest rates, and market liquidity.
The primary tool to evaluate market risk is VaR that is a method of assessing risk through standard statistical techniques. VaR is defined a measure for the worst expected loss over a given time interval under normal market conditions at a given confidence level. The greatest benefit of VaR for an asset manager lies in the imposition of a structured methodology for critically thinking about risk. Institutions applying VaR are forced to confront their exposure to market risk.
There are three methods to calculate VaR, parametric, nonparametric and semi-parametric. Parametric method includes The Equally Weighted Moving Average (EqWMA), The Exponentially Weighted Moving Average (EWMA), GARCH, Monte Carlo Simulation (MCS) approaches. Parametric method includes The Historical Simulation approach (HS), and semi-parametric method includes filtered historical simulation (FHS), extreme value theory (EVT) approaches.
At present stage, Chinese asset managers apply RiskMetrics approach, i.e. EWMA, proposed by J.P. Morgan to calculate VaR. But this approach assumes that error term is conditionally normally distributed. However, there has been criticism that the VaR is based on assumptions that do not hold in times when the financial markets are experiencing stress, and that the normal distribution does not make a good job in predicting the distribution of outcomes. Financial returns experience fat tails, skewness and kurtosis, which implies that the normal distribution works well in predicting frequent outcomes but is not a good estimator to predict extreme events. In addition, when applying EWMA approach, Chinese asset managers often use the decay factor proposed by J.P. Morgan instead of obtaining it on the basis of China’s financial markets’ data.
The purpose of this MPhil thesis is to compare the applicability of different parametric VaR methods for Chinese equity portfolios. We will also analyze whether equity market cap has any impact on the VaR methods. To assess whether VaR can be considered as a reliable and stable risk measurement tool for Chinese equity portfolios, we have performed an empirical study. The study covers four VaR approaches at the 95% and 99% confidence levels. Moreover, in order to describe skewness and kurtosis, we propose EWMA approach with a mixture of normal distributions. Based on these results we discuss the implications of VaR for asset managers.
Our conclusion is that GARCH-normal is superior to Riskmetrics approach at both 95% and 99% confidence levels. The LOG-MLE (maximum Likelihood Estimation) can be improved when GARCH-t approach is used to replace GARCH-normal. However, GARCH-t is more conservative than GARCH-normal at 95% confidence level. At the same time, EWMA with mixed normal distributions is superior to RiskMetrics approach at 99% confidence level, but it is too conservative at 95% confidence level. For EWMA with mixed normal distributions and GARCH-type models, the former is better at 99% confidence level and the latter perform better at 95% confidence level. Due to this fact we recommend EWMA with mixed normal distributions and GARCH-t at 99% confidence level. The performance of GARCH-normal and EWMA is fairly good at 95% confidence level.
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Kósová, Michaela. "Hodnocení finanční výkonnosti společnosti prostřednictvím benchmarkingu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-317111.
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The master's thesis focuses on the assessment of the financial and business performance of the company Direct Parcel Distrubution CZ s. r. o. by using the methods of benchmarking. The first part of work provides a theoretical background for the issue, with an emphasis on benchmarking. The second part of the thesis contains introduction of the company and situational analysis of the company. The following is the main part of the thesis, the acutal benchmarking of the company with selected competitors. The thesis concludes proposals to improve the financial and business performance of Direct Parcel Distribution CZ s.r.o.
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Blatný, Kryštof. "Zhodnocení finanční situace vybrané mezinárodně působící společnosti s ohledem na investiční rozhodování." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2021. http://www.nusl.cz/ntk/nusl-443141.
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This diploma thesis deals with the evaluation of the financial situation of the internationally operating company HST Hydrosystémy s.r.o. regarding and its investment decisions making. The thesis is divided into three parts. The first part deals with the definition of theoretical background, which will be used in other parts of this thesis. The second part describes the strategic position of the company in the market of technological units for water management. Furthermore, the financial situation in the period 2015–2019 is evaluated. The last part of the diploma thesis deals with the investment plan for the construction of an administrative building.
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Rahantamialisoa, Tahirivonizaka Fanirisoa Zazaravaka. "Interest rates market and models after the 2007 credit crunch." Thesis, Stellenbosch : Stellenbosch University, 2012. http://hdl.handle.net/10019.1/20413.
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Thesis (MSc)--Stellenbosch University, 2012.ENGLISH ABSTRACT: The interest rates market has changed dramatically since the 2007 credit crunch with the explosion of basis spreads between rates of different tenors and currencies. Consequently, the classical replication of FRA rates with spot LIBOR rates is no longer valid. Moreover, the 2007 credit crunch yields a separation between the curve used for discounting and the forward or projection curves that estimate all future cash-fl ows. Another impact of the credit crunch in risk management is that market participants have started to give more importance to the difference between collateralized and uncollateralized trades. Nowadays, the wide spread use of collateral, especially in swap contracts, has made the overnight index swap (OIS) rate the appropriate benchmark for discounting collateralized trades. Inspired by the seminal works of Mercurio (2010a,b), Kijima et al. (2008), Fujii et al. (2011), Bianchetti (2010b), with the contributions of other authors, and motivated by the evolution of the interest rates market and models, this thesis examines a new framework that uses multiple-curves to value interest rate derivatives which is compatible with the current market practice. Firstly, we discuss the roots of the 2007 credit crunch and its serious consequences for pricing interest rate derivatives. We underscore the necessity of a multiple-curve pricing framework for interest rate derivatives. This is followed by a discussion on the importance of collateralization and OIS discounting in pricing Over-The-Counter (OTC) derivatives. The central part of the thesis discusses the modern theoretical framework and the practical implementation of the multiple curve pricing method. We present a bootstrapping algorithm used to construct and fit the multiple-yield curves to market prices of plainvanilla contracts. Secondly, starting with the single-currency economy, the extended version of the LIBOR Market Model, developed by Mercurio (2010a,b), which proposes a joint model of FRA rates, implied forward rates and their corresponding spread is investigated. Analogously, the extended version of short-rate model in a multiple-curve setup and in the presence of basis spread, proposed by Kijima et al. (2008), is presented and discussed. This work provides a detailed analysis of these extensions and the corresponding closed formulae for liquid products such as caps and swaptions. Finally, in the multiple-currencies case, the HJM model with stochastic basis spreads, introduced by Fujii et al. (2011), consistent with the foreign exchange and cross-currency swaps markets that includes the effect of collateralization is examined thoroughly.
AFRIKAANSE OPSOMMING: Die rentekoers mark het dramaties verander sedert die 2007 krediet krisis met 'n ontplo ng van basisverspreidings tussen koerse van verskillende looptye ("tenor") en geldeenhede. As gevolg, is die klassieke replikasie van FRA koerse met LIBOR sigkoerse nie langer geldig nie. Verder het die 2007 kredietkrisis 'n skeiding veroorsaak tussen die kromme wat gebruik word vir diskontering en die voorwaardse of vooruitskattings krommes wat toekomstige kontantvloei voorspel. 'n Verdere impak van die kredietkrisis in risikobestuur is dat mark deelnemers begin het om meer klem te lê op verskille tussen aangevulde en onaangevulde handel. Deesdae, met die algemene gebruik van kollaterale sekuriteit, veral in ruiltransaksiekontrakte, is die oornagse indeks ruiltransaksie (overnight index swap, OIS) koers die geskikte maatstaf om aangevulde handel te diskonteer. Geïnspireer deur die gedagteryke werk van Mercurio (2010a,b), Kijima et al. (2008), Fujii et al. (2011), Bianchetti (2010b), met bydrae van menige outeurs, en gemotiveer deur die evolusie van die rentekoers markte en modelle, ondersoek hierdie tesis 'n nuwe raamwerk wat multikrommes gebruik om rentekoers afgeleide effekte te waardeer wat versoenbaar is met die lopende mark praktyk. Eerstens, bespreek ons die oorsake van die 2007 kredietkrisis en die ernstige nagevolge vir die waardering van rentekoers afgeleide effekte. Ons beklemtoon die noodsaaklikheid van 'n multikromme waarderings raamwerk vir rentekoers afgeleide effekte. Dit word gevolg deur 'n bespreking oor die belangrikheid van aanvulling en OIS diskontering in die waardering van oor-die-toonbank (over-the-counter, OTC) effekte. Die teoretiese raamwerk en die praktiese implimentering van die multikromme waarderings metode word bespreek. Ons stel ook ten toon 'n skoenlus ("bootstrapping") algoritme wat gebruik kan word om meervoudige opbrengs krommes saam te stel en die dan te pas op mark pryse van vanielje kontrakte. Tweedens, met 'n enkel geldeenheid ekonomie as beginpunt, word die uitgebreide weergawe van die LIBOR Mark Model (ontwikkel deur Mercurio (2010a,b), wat 'n gesamentlike model van FRA koerse voorstel), geïmpliseerde termyn koerse en hul ooreenstemmende verspreiding bestudeer. Ooreenkomstig word die uitgebreide weergawe van die kort koers model in 'n multikromme opset en in die aanwesigheid van basisspreiding (voorgestel deur Kijima et al. (2008)) uiteengesit en bespreek. Hierdie werk verskaf 'n uitvoerige analise van hierdie uitbreidings en die ooreenstemmende geslote formules vir vloeibare produkte soos perke en ruiltransaksie opsies. Ten slotte, in die multi-geldeenheid geval, word die HJM model met stogastiese basisverspreiding (voorgestel deur Fujii et al. (2011)), nie-strydig met buitelandse valuta en kruisvaluta ruiltransaksie markte wat die effekte van aanvulling insluit word deuglik bestudeer.
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Rabie, Pierre-Andre. "A simulation model for evaluating the long-term financial impact of different wine grape production systems." Thesis, Stellenbosch : Stellenbosch University, 2015. http://hdl.handle.net/10019.1/96864.
Full textAbstract:
ENGLISH ABSTRACT: Agricultural production takes place in an uncertain and complex environment, with
production the result of the culmination of a variety of factors within a greater system.
Consequently, accounting for the influence of variables in the production system is very difficult,
making it a daunting task for decision makers to make good decisions. In the wine grape
production context, this problem is accentuated due to the capital intensive and perennial nature
of investments, also giving rise to a path dependency. As a result it is essential to make
strategically sound decisions in order to ensure the long-term profitability and financial
feasibility of wine grape production. Decision making tools, like a model, can be of invaluable
support for strategic decision making. A model is used to simplify reality, by imitating and
simulating the actual system as closely as possible. A simulation model was therefore developed
for this thesis to be able to evaluate the long-term financial impact of different wine grape
production systems and to support strategic decision making. This model can be adapted to
individual farm specific features, scenarios and preferences, in the evaluation and analysis of
different investment and wine grape production system decisions. For this study, the nature of
agricultural systems as well as qualities required by a simulation model, were investigated. The
former is followed by an investigation of the effect of the grapevine and trellis specific qualities
on the possibilities of the production system, as well as the implication of capital budgeting and
financing considerations on the performance of the wine grape production system. In view of the
above, the model was then applied to simulate and evaluate different wine grape production
systems as well as a structural transition and expansion of wine grape production, for a simulated
farm in the Breedekloof region, South Africa. The model can be used for decision making and
scenario planning purposes by wine grape producers and stakeholders in the wine industry.AFRIKAANSE OPSOMMING: Landbouproduksie vind plaas in ‘n komplekse omgewing met talle onsekerhede, waar produksie die resultaat is van ‘n aantal faktore binne ‘n groter geheel. Die uitdaging is dus om die spesifieke invloed van veranderlikes binne die produksiestelsel waar te neem sodat besluitnemers ingeligte besluite op grond daarvan kan maak. In die verbouing van langtermyn gewasse, spesifiek die van wyndruif verbouing, word hierdie probleem beklemtoon vanweë die kapitaal intensiewe en meerjarige aard van investerings, wat aanleiding gee tot die afhanklikheid van vorige besluite. Ten einde die langtermyn winsgewendheid en lewensvatbaarheid van wyndruif produksie te verseker, is strategiese en ingeligte besluite deurslaggewend. Hulpmiddels in die besluitnemingsproses, soos modelle, kan onskatbare ondersteuning bied in hierdie konteks. Die doel van ‘n model is om ‘n werklike stelsel te weerspieël, maar terselfdertyd word vereenvoudigende aannames gemaak. Vir die doeleindes van hierdie tesis is ‘n simulasie model ontwikkel om die langtermyn finansiële impak van verskillende wyndruif produksiestelsels te weerspieël en strategiese besluitneming te bevorder. Hierdie model kan aangepas word vir die individuele vereistes, voorkeure en kenmerke van individuele plase, ten einde verskillende investeringsbesluite en wyndruifproduksiestelsels te evalueer. Vir die doeleindes van hierdie studie is die aard van die stelsel waarin landbouproduksie plaasvind, asook eienskappe wat benodig word deur ‘n simulasiemodel, om ‘n goeie weerspieëling van die werklikheid te kan gee ondersoek. Daarna is die invloed van die prieëlstelsel oorweging op die wingerdstok, die uitvoerbaarheid van verskillende bewerkingspraktyke, asook die invloed van kapitaal- en finansiëringsoorwegings op die prestasie van die wyndruifproduksiestelsel ondersoek. In die lig van bogenoemde oorwegings is die model gebruik om verskillende wyndruifproduksiestelsels te simuleer en te evalueer, asook om ‘n strukturele oorgang en uitbreiding vir ‘n plaas in die Breedekloofstreek in Suid-Afrika te ondersoek. Wyndruif produsente en belanghebbendes in die wynbedryf kan hierdie model in scenario beplanning en besluitneming gebruik.
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LoBasso, Thomas. "AN EVALUATION OF ENROLLMENT MANAGEMENT MODELS OF THE 28 FLORIDA COMMUNITY COLLEGES." Doctoral diss., University of Central Florida, 2005. http://digital.library.ucf.edu/cdm/ref/collection/ETD/id/2503.
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ABSTRACT The purpose of this study was to determine the extent to which enrollment management models have been successfully implemented within the 28 Florida community colleges. The study also sought to determine when enrollment management structures began and whether expected benefits were achieved. Analysis of the data collected in this study indicated the following five major findings. First, enrollment management concepts and practices have been implemented at some level within the 23 Florida community colleges surveyed. This was evident by the use of the word "enrollment" in the organizational titles as well as in the titles of the individuals who were responsible for the models. Second, enrollment management models reported were determined to be relatively new in comparison to four-year institutions. The literature on enrollment management demonstrated that four-year colleges began enrollment management practices in the early-to-mid 1970s. Much of the existing literature on enrollment management has been based on the experiences at four-year institutions. Third, some enrollment management divisions appeared to have key enrollment offices displaced. The key enrollment offices selected in this study were supported throughout the literature. Those offices represented were as follows: Admissions, Records and Registration, Financial aid, Orientation, and Advising. Fourth, increasing enrollment was the strongest reason for implementing the enrollment structure and subsequently was the strongest benefit realized. The anticipated decline in high school graduates, and the expectation of subsequent declining college enrollments during the 1970s, provided the impetus for the adoption of models of enrollment management. The fifth finding was that moving key enrollment offices such as financial aid into the enrollment management organizations would be an improvement to existing models. As enrollment management concepts are implemented into practice, the realignment of related offices may be necessary to effectively accomplish goals.Ed.D.
Department of Educational Research, Technology and Leadership
Education
Educational Leadership
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Přikryl, Tomáš. "Návrh na zvýšení produktivity práce ve firmě-ekonomické vyhodnocení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-224964.
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The diploma thesis deals with the proposal to increase labor productivity and economic evaluation in the company EKOSTAVBY Brno. The introductory section describes the theoretical background, the following analysis of the company. The work is based on the current status in the company, focusing mainly on the centre of mechanization and transport. The aim of this paper is to propose certain changes and measures, which would lead to a reduction in the loss rate of the centre.
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Veber, Michael. "Hodnocení finanční výkonnosti podniku prostřednictvím benchmarkingu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-241580.
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This master thesis is concerned with financial and business performance evaluation of the company RENATEX CZ a.s. Theoretical part deals with strategic analysis, company performance measuring methods, and financial analysis indicators. The practical part first evaluates RENATEX’s business environment and then, it provides a comparison of the company with selected competitors. While still using benchmarking methods, next phase of the thesis compares operational and financial indicators, services and products in offer, their quality, and implemented business strategies. Finally, the thesis suggests various measures to improve financial and business performance of the company.
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Wang, Chih-Tsai, and 王枝財. "Financial Evaluation Model for University Dormitories BOT Projects." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/76757602291431165749.
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碩士臺灣大學
土木工程學研究所
96
The development of BOT requires huge capital expenditure and a long time period to operate. Lots of unanticipated changes make investment risks increase. Therefore, it is of great importance to use professional assessments of the potential benefits. Due to the amount of economic data and other variable factors, the emergence of computerized management of static financial data has benefited analysis. However, even with the computerized technology improvements it is difficult to fully interpret the data and avoid dynamic risks. The conclusions drawn from the “BOT Investment Benefits Model” research should reduce the likelihood of aforementioned problems from occurring. The concept of the “BOT Investment Benefits Model” is based on the rule of 80/20 of economic theory and uses this model on value engineering and risk management. The study includes personal accounts of individuals involved in the building of infrastructure and integrates the study of the BOT investment plan. Using the “BOT Triangle Equilibrium Planning” to check the “BOT Investment Benefits Model” can bring about a new concept of investment incentives of financial costs to work from. The professional financial analysis and operating assessment of the factors that affect financial costs will determine the validity of the report. The analysis of the use BOT for the dormitories at National Taiwan University supports the thesis. This study focuses on investment proposals as well as building and operating planning to prove the thesis. Investigating the data of financial index following the checking steps and using the professional financial analysis and assessment again will further legitimize the thesis. The conclusion of the study found that: a) educational facilities originally are duty-free and BOT increased the burden of university students. This was the main problem with using BOT on university dormitories; b) different conditions for investment will lead to different benefits; c) we can find the planning capacity of individual cases and the risks involved. These three results prove that the “BOT Investment Benefits Model” is valuable and works. Before choosing the appropriate bid, a “The Third Professional Assessment” checking mechanism should be established to receive them. This will assist the government in making the right choice and decrease investment risks for companies. Using “BOT Investment Benefits Model” will protect the customer’s rights and also benefits society.
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Liang-Hsien, Yeh, and 葉亮賢. "Building service quality evaluation model for financial holding company." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/71160926557115453550.
Full textAbstract:
碩士輔仁大學
管理學研究所
98
In this global competitive environment, providing customer satisfaction financial service will be the most important mission in every financial holding company. Therefore, building an evaluation model to measure the service quality satisfaction is important to help the financial holding company to find and improve the service defect. The purpose of this study is to build the manufacturing performance evaluation. There are three steps regarding the construction of the performance evaluation: 1.Construct the initial evaluation index. 2.Revise the evaluation index. 3.Build the evaluation model. This evaluation model is divided to five aspects: namely tangible, serviceability, professional technology, efficiency and responsiveness and differentiation. Based on these five aspects, thirteen strategies and fifty-six evaluation index were extended. In this case study, Analytic Network Process(ANP), is used to calculate the weighted value of these aspects, strategies, and evaluation indexes. To make this study with more practical value, the object of this study is the industry of local financial holding company as case study, using this model to view the performance of the evaluation index of each aspects. The results of this case study also provided several valuable suggestions to the management level for reference.
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Hsu, Ya-Ting, and 許雅婷. "Performance Evaluation of Financial Holdings in Taiwan - Using DEA Model." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/37378641366646396908.
Full textAbstract:
碩士中國文化大學
國際企業管理研究所
95
The purpose of this thesis is to analyze the manage efficiency, technical efficiency and scale efficiency of the 14 Financial holdings in the year of 2005 and 2006. The measurement of this thesis are the Data Envelopment Analysis’s (DEA) CCR model and BCC model. After the analysis of DEA, the financial holdings are devidided into three categories, which are bank, insurance and bill. This thesis measures the efficiency of these three categories on the overall efficiency by using Mann-Whitney U Test. Then, the usage of the Wilcoxon Test is to measure whether different year have different impact on the efficiency of each categories. There are four research results: 1.The insurance and bank founded financial holdings have healthier financial ratio. Although bill and industrial banks (for example, developmental financial holdings) is efficient, the manage uniqueness leads to the obstacles for other financial holding followers. 2.The scale inefficient financial holdings are in the decrease return to scale situation, which indicates that these financials holdings are over wasting their resources or less using their resources. 3.The result of the Mann-Whitney U Test indicates that there is no significant difference of the manage efficiency in the three main categories financial holdings. 4.The result of the Wilcoxon Test indicates that there is significant difference on the overall and scale efficiency of different year.
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Wang, Lisa, and 王麗淑. "Using Financial Ratios to Build up Bank Loan Credit Evaluation Model." Thesis, 1994. http://ndltd.ncl.edu.tw/handle/05038921611362469761.
Full textAbstract:
碩士國立交通大學
管理科學研究所
82
Because of the internationalization and liberalization of the nation''s financial system,16 new banks have been established one by one,and the financial products have been changed very quickly. The competition in loan making among banks has become harder. As as result,banks urgently need a concrete and definite credit devaluatoin model as a criterion before loan making. In this study, we use FULL DELIVERY as the criterion of credit crisis to choose 15 credit crisis samples.On the other hand,we separately find 15 normalsamples with the similiar scales in the same industry by means of pair-making method. And we separately devaluate their 21 financial ratios before credit crisis for 3 years. Then we choose the factors whose eigenvalues are larger than 1 and use their facor scores as the explaintary variables to establish Logistic Regression Model.Finally, we name the factors according to Financial Ratios whose Factor Loadings are larger than 0.6. As the study showing, the explanatory ability and discriminanting ability in this study are significant. So banks may use the model to make loan with the help of other non- financial factors in order to reduce costs and improve qualities of bank loan.
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Chen, Chia-Hui, and 陳家慧. "Process and Enterprise Maturity model Evaluation - A Co. financial service center." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/94258824715159641639.
Full textAbstract:
碩士國立臺灣大學
國際企業管理組
101
There are many multinational and local companies with the experiences of process and organization change. It''s always the questions in top managers'' mind, what aspects we should focus on to ensure the success of business process reengineering. How much could the current finished project contribute to the future success? Ride with the global trend of fast moving, this thesis evaluated the process in-sourcing shared service center by adapting process and enterprise maturity model to explore below questions, to understand the key enabling factors and capabilities of process change, and to provide proper advices to future process reengineering initiatives. 1.Is the finance in-sourcing process effective? Is the enterprise mature? 2.Does the level of enabling factors help the future performance? 3.Does the sequence of importance and performance make a difference to future performance? The studies found the root cause of ineffective finance process reengineering is mismatched enabling factors and capabilities. A co. performed from quite well at performers, infrastructure, owners to not so well at design, metrics; however, result starts from the most important- design, owner, infrastructure to the less metrics and performers. A co. demonstrated from quite good capability at culture, expertise, to not so good at governance and leadership; however, result starts from the most important- expertise, culture to the less leadership and governance. The levels of performance are overall aligned with importance. The advices to enabling are to enhance the management of process design, owner accountability, and comprehensive metrics; for capability, the advices are stabilization of senior management team, improve leadership, continuous innovation to strengthen corporate core value.
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Kuo, Ying-Chih, and 郭盈志. "The study of financial feasibility analysis and financial evaluation model of civilian participation in public parking construction." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/01970399028704836744.
Full textAbstract:
碩士國立中央大學
土木工程學系碩士在職專班
98
The trend of public development together by the government and private enterprises, to improve the disproportion problem between supply and demand of parking places in urban areas. The government actively sets the building of off-road public parking lots by the non-governmental circles into motion. The conscientious and objective evaluation of feasibility and the programming of anticipated operation are both critical for this promotion. However, after examining the internal experiences of promoting civilian firms to anticipate the investment in parking lots, besides several deficiencies found in the operation, the lack of objective and cautious feasibility analysis of financial benefits has led it to become the main doubt for the private investors, and also resulted in the relatively few cases of BOT successfully promoted by our government. Without the accessory business, can a parking space be self-sufficient enough and do financial benefits corresponds to the investment and operation with the income alone? Do the six main civilian participation modes of Law for Promotion of Private Participation all fit the construction of parking lots? In view of the importance of financial projects both to the private investment and government examination, this study refereed to the result report of financial evaluation model of civilian participation in public construction issued by the Construction Council , and set an analysis model of financial feasibility according to the characteristics of parking places and the related cases collected. To concretely realize the financial benefit gained by the parking lots adopting BOT mode recently, this research thus took a parking space operating in reality as an example and calculates experimentally the financial feasibility both by civilian sectors and the government. The result of analysis showed that with the current parking rates, promoting the off-road public parking lots in BOT mode doesn’t bring the balance of receipts and payments. To figure out which model best suits the participation of private enterprises, this study collected cases of parking spaces of which contracts were signed according to Law for Promotion of Private Participation, and analyzed the suitability of each pattern in that Law. Besides, this study took another two parking spaces running in operation with the mode of ROT and OT as examples and computed their financial feasibility. The result indicated that the financial benefit of the government and civilian institutes both reached the predictions. Both the financial verification of this study and the analysis of relevant documents indicate that without effective protection for both present framework parking fee and parking utility rate, the BOT cases examined by the case studies can’t achieve self-sufficiency with only the income from running parking lots themselves. In addition, the gratuitous and non-gratuitous modes of BOT require a larger fund and face a higher risk of investment because the private investors can’t obtain the capital financing by declaring the superficies of public land, which may influence their will to invest. The BOT mode is carried out and constructed by the civilian firms possessing the ownership, thus it is comparatively unsuitable for most of the parking lots belonging to public domain for communal facilities. The government may have to pragmatically assess to build off-road public parking lots in OT or ROT mode. Although these ways may not ease the pressure from the budget needed for construction, they will contribute to the efficiency during operation period, and attract the participation of civilian investors more efficaciously as well.
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Palmeiro, João Maria Mateus. "MevaL: A Visual Machine Learning Model Evaluation Tool for Financial Crime Detection." Master's thesis, 2021. http://hdl.handle.net/10362/119698.
Full textAbstract:
Data Science and Machine Learning are two valuable allies to fight financial crime,the domain where Feedzai seeks to leverage its value proposition in support of its mission:to make banking and commerce safe. Data is at the core of both fields and this domain, sostructuring instances for visual consumption provides an effective way of understandingthe data and communicating insights.The development of a solution for each project and use case requires a careful andeffective Machine Learning Model Evaluation stage, as it is the major source of feedbackbefore deployment. The tooling for this stage available at Feedzai can be improved,accelerated, visually supported, and diversified to enable data scientists to boost theirdaily work and the quality of the models.In this work, I propose to collect and compile internal and external input, in terms ofworkflow and Model Evaluation, in a proposal hierarchically segmented by well-definedobjectives and tasks, to instantiate the proposal in a Python package, and to iteratively val-idate the package with Feedzai’s data scientists. Therefore, the first contribution is MevaL,a Python package for Model Evaluation with visual support, integrated into Feedzai’s DataScience environment by design. In fact, MevaL is already being leveraged as a visualization package on two internal reporting projects that are serving some of Feedzai’s majorclients.In addition to MevaL, the second contribution of this work is the Model EvaluationTopology developed to ensure clear communication and design of features.A Ciência de Dados e a Aprendizagem Automática [277] são duas valiosas aliadas no combate à criminalidade económico-financeira, o domínio em que a Feedzai procura potenciar a sua proposta de valor em prol da sua missão: tornar o sistema bancário e o comércio seguros. Além disso, os dados estão no centro das duas áreas e deste domínio.Assim, a estruturação visual dos mesmos fornece uma maneira eficaz de os entender e transmitir informação.O desenvolvimento de uma solução para cada projeto e caso de uso requer um estágiocuidadoso e eficaz de Avaliação de Modelos de Aprendizagem Automática, pois esteestágio coincide com a principal fonte de retorno (feedback) antes da implementaçãoda solução. As ferramentas de Avaliação de Modelos disponíveis na Feedzai podem seraprimoradas, aceleradas, suportadas visualmente e diversificadas para permitir que oscientistas de dados impulsionem o seu trabalho diário e a qualidade destes modelos.Neste trabalho, proponho a recolha e compilação de informação interna e externa, em termos de fluxo de trabalho e Avaliação de Modelos, numa proposta hierarquicamente segmentada por objetivos e tarefas bem definidas, a instanciação desta proposta num pacote Python e a validação iterativa deste pacote em colaboração com os cientistas de dados da Feedzai. Posto isto, a primeira contribuição deste trabalho é o MevaL, um pacote Python para Avaliação de Modelos com suporte visual, integrado no ambiente de Ciência de Dados da Feedzai. Na verdade, o MevaL já está a ser utilizado como um pacote de visualização em dois projetos internos de preparação de relatórios automáticos para alguns dos principais clientes da Feedzai.Além do MevaL, a segunda contribuição deste trabalho é a Topologia de Avaliação de Modelos desenvolvida para garantir uma comunicação clara e o design enquadrado das diferentes funcionalidades.
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Kuo, Yuan-Chin, and 郭遠志. "The Study of Financial Risk Evaluation Model for the Shopping Center Development." Thesis, 2002. http://ndltd.ncl.edu.tw/handle/58185927434770941159.
Full textAbstract:
碩士朝陽科技大學
建築及都市設計研究所
90
英文摘要 Abstract As an investigator that invests in the development of a shopping center, there are some impressive profits could be made. On the other hand, there are also some risks should be taken into account. Therefore, through the planning process, risk management and evaluation is one of the most important contents which affect the operation and development in the future. In addition, the financial risk management is the most important evaluation process. This report is based on investors’ role to study the problem of financial risk management among the shopping center in Taiwan, provid the strategy of problem resolving, and to set up the financial risk management model. It can be a develop reference for new shopping center investment and management. There are some few main purposes as follow: Ⅰ:To classify all the possible factors of the investing risks and establish an estimative system for financial risks. Ⅱ:According to the prior estimative system, build a reasonable model of financial risks as a basis for further estimation. Ⅲ:To computerize all the data for calculating the possible profits and risks. Ⅳ:Get the data from the shopping center that is now operating in the counter, and use it as an testing example to make corrections. When planning the development of shopping center, according to the analysis of various susceptible levels: when the financial factor relates to the higher amount of money, which also has a higher susceptible level, on the other hand; when the financial factor relates to the lower amount of money, which means a lower susceptible level is being expected. At the beginning of the development, regardless of purchasing of a land or tenanting a land, the capital of land is the one, which affects the total profits the most; during the construction, the capital of construction is the one, which affects the total profits the most; and finally, during the operating period, the most important factor is the profits from the market that would affect the total profits. To sum up, when planning a development project, all the varieties of individual factors must be taking into consideration, in order to reach the purposes of the risk management and evaluation. Key words：Shopping Center Development, Risk Management, Financial Analysis, Risk Evaluation Model
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Chien, Chun-Hong, and 簡圳宏. "A Financial Performance Evaluation Model based on Neural Networks for Estate Corporations." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/04338936660832524826.
Full textAbstract:
碩士國立臺灣科技大學
營建工程系
93
Due to the real estate rebooming and government strategy in Taiwan, lots of estate corporations improve their finance. However, some estate corporations still suffer from financial crisis. This situation can be improved with performance evaluation. Accordingly, this study utilizes industrial analysis approach to select representative financial ratios as evaluating indices, and proposes a new model with Neural Networks and MCDM to assess the financial performance of building the company. The results can be reference to companies and investors. The accuracy tested is up to 94.1, which can support the credibility of the model.
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Cheng-Hsien, Wang, and 王正賢. "The risk evaluation on the predicted financial crisis model-the listed companies." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/42422085536695206849.
Full textAbstract:
碩士輔仁大學
應用統計學研究所
95
Title of Thesis：The risk evaluation on the predicted financial crisis model-the listed companies. Name of Institute : Graduate Institute of Applied Statistics,Fu Jen Catholic University Name of Student :Wang Cheng-Hsien Advisor :Liu Cheng-Fu Ph.D. Total Pages: 54 Key Words: Logits Model, Financial Crisis Model Abstract Smith dealt with predicted financial distress first since 1930, in order to predict financial distress, many economists and finance experst have studied this topic for a long time. In general, the percentage of predicted the financial crisis is a standard of evaluation to study the predicted financial crisis. In general, the percentage has a wide gap between the financial crisis companies and financial normal companies,it has the defect that the sensitivity will diminish.The study will treat the predicted financial crisis for the angle of statistical decision-making risk, utilizing loss function and risk, it can evaluate the quality of the predicted financial crisis model. First, the study utilizes logistic regression to build the predicted model, and to adopt the way based on Hosmer and Lemeshow(2000) to decide the financial classified point, and the percentage of predicted the financial crisis is 73.4%; in decision-making risk, the risk value is between 0.26 and 0.34, it is higher between 0.06 and 0.10 for the best decision-making risk value. On the side, in terms of Bayes, the expectative risk value of logistic financial crisis forecast is between 0.21 and 0.27; and the decision-making risk value is between 0.19 and 0.22, it is higher between 0.02 and 0.08 for the best decision-making risk value. If the dependent variable is earning, the percentage of predicted the financial crisis is 97.4%；and the risk value is between 0.02 and 0.05, it is higher between 0.002 and 0.009. In terms of Bayes, the expectative risk value of logistic financial crisis forecast is between 0.023 and 0.031; and the decision-making risk value is between 0.017 and 0.031, it is higher between 0.001 and 0.009 for the best decision-making risk value. For this reason, when the dependent variable is earning that the risk level of financial crisis is the best.