【作者】 蒋刚；

【导师】 彭其渊；

【作者基本信息】 西南交通大学 ， 交通运输规划与管理， 2009， 硕士

【摘要】 随着我国社会经济的迅猛发展和人民生活水平的不断提高,旅客出行需求快速膨胀,铁路客运专线项目正在国内运输市场蓬勃兴起。高速铁路客运专线基础设施技术标准高,装备先进,同时投资也极其高昂,一条线少则数十亿,多则上千亿。在目前铁道部建设资金捉襟见肘的情势下,一些有识之士开始把目光转向资本市场,希冀通过先进的融资手段缓解铁路跨越式发展所提出的巨额建设资金压力,把高速公路发展的成功经验复制到铁路客运专线中去。如此,便产生一个问题:客运专线项目依靠什么来吸引多元投资者?笔者认为,除了铁路投融资体制改革、企业化运作、配套法律法规的健全等环境因素以外,最重要的就是客专公司内部的投资管理,也即是说客运专线公司必须要通过建设和运营资金使用的有效管理为多元投资者赚取稳定而丰厚的利润,这才是多元投资者投资客专项目的真正动力之所在。本文综合考虑我国交通运输业发展现状、现代企业制度要求和新兴的集成化项目管理思想等因素,提出在“建运合一”的建设与运营组织模式的基础之上,客运专线项目法人公司要对客专项目全寿命周期投资进行集成化管理。全文共分为五个部分:第一章绪论,提出了论文的研究背景、意义、方法和主要内容;第二章,根据研究结构和内容的需要,确立全寿命周期理论、价值工程、博弈论理论和委托-代理理论为本文研究的理论基础,并对涉及到的理论进行了详细介绍;第三章,通过对传统铁路、国外高速铁路建设与运营组织模式的述评,把建运合一模式确立为我国客运专线项目投资管理的研究基础;第四章,对客专项目全寿命期进行了合理的阶段划分,并就客专项目决策和设计两个投资管理重点阶段的方案比选问题作了深入的探讨,得出较为合理、简明的数学评价模型;第五章,从客运专线项目法人公司的角度出发,以决策和设计阶段优选出来的最佳投资方案为管理目标,借助博弈论和委托-代理理论,着重研究了客专公司在建设和运营阶段的内部管理问题。最后得出论文研究的基本结论。更多还原

【Abstract】 With the rapid economic development and consistent improving of people’s living standard in China, passengers’ demand for fast- traveling is expanding and projects of passenger dedicated railway line (PDL) are flourishing domestically. High-technology, advanced equipments and huge investment are the main features of the infrastructure of high-speed PDL. The cost of one PDL can be several billion Yuan at least, and more than hundreds of billions Yuan at most. Currently, because the construction funds of the Ministry of Railways are relatively insufficient, some people of vision turn to capital market which contributed a lot to the development of expressways, hoping to relieve the financial difficulties in the process of great-leap-forward development of railways in the way of capital rising.So, to raise a question: PDL projects depend on what to attract multiple investors? According to the author’s view of point, institutional reform of investment and capital raising, entrepreneurial management approaches, and sound relevant regulations and laws are necessary for PDL companies, but the in-company investment management is the most important factor to attract investment. That is, PDL companies must make stable and generous profits for multiple investors by effective management of capital, which is the biggest motivation for investors.After analysis current development situation of transportation, the requirements of modern enterprise system, and the emerging integrated project management ideas fully, this paper propose that corporate of PDL companies should make integrated life-cycle management with the PDL which based on mode of the "integration of construction and operation".This paper is divided into five parts. The first chapter is the introduction to research background, significance, methods and main contents of the paper. In the second chapter, Based on the demands of structure and content , the auther establishes the whole life-cycle theory, value engineering, game theory and principal - agent theory as the theoretical basis of this study, and makes a detailed introduction to these theories which are involved in. In the third chapter, the author takes the integration of construction and operation mode as the research foundation of the investment management of PDL projects by the means of narrating and analyzing the construction and operation mode of traditional railways and overseas high-speed railways. In the fourth chapter, the author divides the life cycle of PDL projects into several stages and elicits a relatively reasonable and Concise math assessment model by making in-depth study on the comparison and selection of schemes in decision-making and design which are two key stages in investment management of PDL projects. In the fifth chapter, from the perspective of the Corporation of PDL projects, the author takes the preferred schemes of PDL projects from the decision-making and the design phase as the management objectives and makes much study on the internal management problems in the two stages of construction and operation of PDL company with the help of game theory and principal-agent theory. In the end, it comes to the conclusions of this paper.更多还原