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期权定价理论在矿业工程项目评估中的应用

Application of Option Pricing Theory to Mining Investment Evaluation

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【作者】 张能福刘朝马蔡嗣经

【Author】 ZHANG Nengfu 1,3 , LIU Chaoma 2, CAI Sijing 3 (1 Anhui University of Science and Technology, Huainan 232001, Anhui, China; 2 School of Business and Management, Zhejiang University, Hangzhou 310027, China; 3 University of Science and Technology Beijing, Beijing 100083, China)

【机构】 安徽理工大学资源管理系浙江大学管理学院北京科技大学土木与环境工程学院 安徽淮南232001北京科技大学土木与环境工程学院北京100083杭州310027北京100083

【摘要】 介绍矿业工程投资项目决策和管理的期权定价理论和方法。期权定价理论和方法 ,充分考虑了矿山投资的不确定性因素 ,管理者可充分利用市场信息对投资项目进行决策 ,使投资决策更符合矿山实际。尽管应用期权定价方法时需要求解随机偏微分方程 ,过程较复杂 ,但仍是很有前途的评估矿业工程投资的方法

【Abstract】 The process of the decision and management of the investment on mining projects with the Option Pricing Method is described The uncertainties in the projects are fully considered in the option pricing theory and measure The manager can make the decision on the investments of projects by use of the market information as possible, therefore the decision will be consonant with the situation of the mine enterprise, and excellent results are achieved The Option Pricing Method is the evaluation measure with a great future on the investment of mining projects, even though the partial derivative equation of random function should be solved, and the process is complicated in its application

【基金】 国家自然科学基金资助项目 (79960 0 0 5 );安徽省教育厅科技基金资助项目 (2 0 0 1kj2 0 7)
  • 【分类号】F407.1
  • 【被引频次】7
  • 【下载频次】192
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