【作者】 庄新田； 黄小原；

【Author】 ZHUANG Xin - tian,HUANG Xiao - yuan (Faculty of Business Administration Northeastem University Shenyang 110004)

【机构】 东北大学工商管理学院；

【摘要】 金融市场的不确定性,增加了企业投融资的风险。本文以投资组合产出率及目前流行的风险价值VAR为目标函数,研究了二目标下企业投融资组合管理的模糊模型和优化问题,决策变量是财务杠杆与债务结构。文中给出了金融市场不确定性环境的构造过程,运用进化规划进行优化计算,讨论了不同模糊程度下的债务结构、财务杠杆及其股东权益资本产出率的案例仿真。更多还原

【Abstract】 Financial market uncertain increases financial investment risk of business. This paper takes return on equity of investment combination and present popular value at risk VAR as the objective function to research the problem of investment combination management fuzzy model and optimization financial product under two portfolio. Decision variables are financial leverage and debt structure. This paper provided the structure process of financial market under uncertain environment. The evolution programming is applied to waged the optimization calculation Actual example. Simulation of debt structure, financial leverage and assets profit rate of stockholder rights and interests and varying degrees is discussed.更多还原