The paper uses existing Markov chain theory to analyze problem of claim payment delayed process, which serves to estimate a distribution of paid/unpaid claims after payment due. Payment condition patterns and timing of claim payments play significant role in financial management. First,...

Paper deals with the development, description and interpretation of the microeconomic model of the corporate social responsibility. In the introduction the point of using economic models for the analysis of business economy problems is explained and the basic foundations of the model ar...

This paper deals with stochastic modelling of short-term share prices movement using the Markov chains theory. The aim of the study is to find such prediction models which would be usable for creating business strategies for active trading at stock exchange. The research was c...

This article is focused on a definition and detection of extremes in prices of sugar No. 11 futures, sugar No. 16 futures and other commodities futures. The purpose of the paper is to investigate intervals between extremes in time series. The extremes detected in t...

The paper is focused on firm valuation methods based on discounted cash flows and their numerical realization using sw Mathematica. The methods DCF-entity, DCF-equity and DCF-APV are presented in compact mathematical form, which enable us to discuss in detail both discounting &#x...

The ability to successfully derive future values of key variables has always belonged with the objects of human interest and has not even avoided the business sector. For several decades, many economists have been trying to find a way how to assess the health of&#x...

The article explains the disunity of Keynesian theory per se for solution of current economic crisis. The advanced analysis of aggregate demand transmission mechanism is provided and the efficiency of stabilization politics is examined. The recommendations of fiscal stimulus could be&...

Cross-border shopping tourism is a specific form of shopping tourism, the intensity and directions of which are very dependent on the changes of purchase conditions in the neighboring country. A shopping tourism research on the Czech citizens took place in 11 Saxony towns.&#...

Well-functioning marketing research is undoubtedly a necessary condition for the high and stable performance of the enterprise in the 21st century. There are many ways of finding out what type of new product would the consumers appreciate, or how is their opinion on its...

The paper presents the application of internet marketing in the tourism sector. This case study is aimed to web site evaluation of selected tour operators in the Czech Republic. The paper tries to evaluate the current situation and to identify some recommendations for t...

The paper presents application of internet marketing in the sphere of culture. Comparison www sites of theatres documents current state and presents suggestions for improvement in relation to the development of internet marketing.

The article describes the only historical cause of economic development that is people’s desire for a better life, for a greater utility. Macroeconomic changes were still happening in the history and impacted on the manufacturers as a result of this natural human characteris...