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

This paper is devoted to today's very popular performance measure - Economic Value Added (EVA). The aim of this article is to investigate the relationship between Economic Value Added, traditional performance measures (ROA and ROE) and ability of creation of shareholder wealth for...

This article focuses mainly on the environmental costs connected with legislative compliance in the Czech Republic, possibilities of their identification and observation in corporations and suggestions for cutting them down. First, we present an overview of theoretical concepts regarding...

This article summarizes the main points discussed at the seminar on The Exhaustion of Resources: 150 years of One Economics Discussion?, presented by the Czech Economic Association (CEA) in January 2003. There were two main speakers at the seminar: the first was Mojmír Hampl (Èeská...

The article contests an argument that the creation of a capital market in educational "human capital" and subsequent voluntary transactions on this market are sufficient to create equal opportunities in education, consequently reducing the income premium enjoyed by households with higher initial...

This article deals with the problem of the lack of talented employees across industries, from the low-tech to the high-tech, as well as across countries, from the developed to the developing ones. The author includes among the key causes the increase in "intangible assets', ageing populations,...