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EN
Investor’s risk involves both economic and non-economic factors, which are evaluated by ratings agencies. Within this context, estimates are calculated of the percentage value of the quality of the entrepreneurial environment ”p“ for selected countries in Europe and Asia. They are based on the modified values of the indices of the partial components of the quality of the entrepreneurial environment (levels of corruption, economic and political stability). The partial components of the rating evaluation are processed by means of fuzzy logic, which enables the description of vague and uncertain input data and sociological-psychological factors that occur during managerial tasks. Fuzzy logic is based on the fundamentals of classic propositional logic, whereby the truth-value of each A statement is generalized as |A|  0,1 and is interpreted as the extent or degree of its truthfulness. Compared to the statistical approach, fuzzy logic is discussed and evaluated in terms of particular managerial tasks.
EN
This paper analyzes the economic aspects of subsidy policy in the area of small hydro power plants. It confronts the current practice with the theory and proposes an economically effective solution. It is the first of a series of contributions devoted to providing subsidies to producers of renewable energy to which, among others, belong running water, biofuels, wind and solar radiation. It is based on the results of three case studies dealing with the analysis of the economic effciency of small hydro power plants, which are solved by the "case-based reasoning" approach. The first two studies relate to the already completed and operating hydro power plants on the rivers Sázava and Litavka in the Czech Republic. Their parameters and other required data are accessible at http://www.eis.cz. The third analyzed project is in the planning stage and has not yet been implemented or subsidized. Calculations are based on budgeted data and are used for demonstration and illustration of the proposed criteria of the effective economic subsidy policy.
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