【作者】 王树丰；

【导师】 车永才；

【作者基本信息】 辽宁工程技术大学 ， 采矿工程， 2005， 硕士

【摘要】 本文对我国煤炭资源矿业权评估的问题及评估方法进行了研究。论文首先对我国矿业权评估从理论上、方法上进行了系统的阐述,介绍了贴现现金流量法、市场比较法、重置成本法、地学排序法和联合风险勘查协议法等传统的矿业权评估方法。 由于传统矿业权评估的方法存在许多的不足之处,本文针对普遍采用的贴现现金流量法的非灵活性、在计算过程中经常低估矿业权价值的缺点,提出了实物期权的方法加以改进。并将实物期权法中的二叉树模型应用在矿业权评估中,弥补了B1ack-Scholes模型的不足。 本文最后以晓南矿为实例,采用贴现现金流量法、B1ack-Scholes模型和二叉树模型进行了计算,通过对结果的比较,表明了应用二叉树模型法对矿业权进行评估是有效的和切实可行的。更多还原

【Abstract】 The problem and the method of assets appraisal of mineral properties for our country’s coal resources were researched in this text. At first it was be systematically discussed for assets appraisal of mineral properties in theory and method and recommended the traditional Discounted Cash Flow﹑the Market Pricing Method﹑Resetting the Cost Method﹑the Geology Sequencing Method ,etc Because of the insufficient for the traditional method and the inflexibility and the shortcoming that the value of the mineral properties was often be underestimated for the Discounted Cash Flow which was often be adopted, this text put forward the real option method to improve it. This text also applied the Two Branches Model in the assets appraisal of mineral properties to remedy the shortcomings of Black-Scholes Model.At last ,this text took Xiaonan mining as instance to calculate the value with Discounted Cash Flow﹑Black-Scholes Model and Two Branches Model. After comparing the results they indicated that it was effective and feasible to apply the Two Branches Model for the assets appraisal of mineral properties.更多还原