Section four shows the study of the economic effect evaluation on the extend project of the liyujian power plant . a economic effect evaluation is a core material of evaluating investment projects , in which the indices being used is also very important as they represent the economic degree of the project . indices of invest return circle , invest return rate , net present value , net annual value , internal return rate , external return rate , sensitivity analysis are used in this project and the conclusion that the project brings both satisfactory economic benefit and significant social payback 经济效果评价是投资项目评价的核心内容,而经济效果评价的指标又是非常重要的,它们从不同角度反映项目的经济性,本文选择了投资回收期、投资收益率、净现值、净年值、内部收益率、外部收益率、敏感性分析等指标进行了定量分析及评价,并得出了结论:扩建工程项目不论社会效率,还是经济效益都是很好的。
Finally , this article points out that the traditional method of net present value has the defect to assessing investment decision of company , also proves that investment of the company has the characteristic of the american call option through introducing the concept of the option of investment and the material object option 最后,本文将在指出传统的净现值法在评估公司投资决策缺陷的基础上,通过引入投资期权和实物期权的概念,来论证公司的投资决策具有美式看涨期权的特性。
Thirdly , gap analysis , duration analysis , net present value analysis and dynamic simulation analysis , these four risk measurement techniques and how to use them are studied . and then , commerce tactics to manage and control interest rate risks and how to use them are researched detailedly . at last , an example which further illustrates how to manage and control interest a rate risks for commercial banks of china is given . interest rate risk management is a complicated job , so commercial banks should choose appropriate skills and measures to control interest rate risk effectively for keeping their earnings free of adverse influence of interest rate changes 本文首先根据巴塞尔委员会制定的利率风险管理的原则和西方银行业的经验,对商业银行所面临的利率风险进行了具体地识别分析;研究了敏感性缺口管理技术、有效持续期缺口管理技术、净现值法和动态模拟法这四种商业银行利率风险的衡量管理技术及其运用;然后对控制利率风险的具体管理策略以及如何运用这些管理策略来控制利率风险进行了详细地分析研究;利用前面介绍的成果和方法用实例系统地说明了商业银行应根据自身情况选择合适的管理技术和策略,有效地控制利率风险。
In the research of feasibility nowadays , most of us use static estimate indexes and neglect capital ' s time value and program risk . this article use a series of dynamic indexes including dynamic investment reclaim , net present value , and interior income , which makes the research of feasibility more perfect , and familiar with managers 在住宅建设项目的经济效益评价中以由动态投资回收期、净现值、内部收益率等组成的动态评价指标为主进行项目的经济评价,考虑资金的时间价值,使得可行性研究更为完备,使得管理者和决策者对项目的认识更全面。
Multiple objectives evaluation index system and analytical hierarchy process ( ahp ) . three decision - making theories on venture capital ( net present value theory , expected utility theory , and option theory ) are compared with each other . for the system engineering component , a multiple objectives evaluation index system was set up , followed by an application of ahp to data processing 本文首先比较分析了净现值理论、预期效用理论、期权理论等典型的风险投资决策理论,然后从系统工程的思想出发,建立了风险投资多目标综合评价指标体系,进而应用多层次分析法数学模型对风险投资决策问题进行了分析。
Under the presumption that technology is a kind of production factor , the net present value approach and the game theory are applied to analyze the market of technology systematically , and the equilibrium condition of this market is discussed on the basis of some basic laws of economics 摘要文章根据经济学关于市场均衡的基本原理,在假定技术是一种生产要素的前提下,运用了净现值法和博弈分析法,对技术要素市场进行了探索性研究;探讨了技术要素市场的均衡问题,并论证了技术要素市场的均衡条件。
In that case , hunan telecomm could improve the synthesized competitiveness . this article adopts commercial model , choose comparative model phs wireless local loop network construction and give its technological economic analysis . through the analysis of the financial indexs , this article calculates firr , payback period of static investment , financial net present value , returns on investment , investing tax rate , etc 本文采用商务模型,选取比较典型颇具争议的phs “小灵通”无线市话网络的建设进行技术经济分析,通过对财务指标包括财务内部收益率firr 、静态投资回收期、财务净现值、投资利润率、投资利税率等指标的定性计算,对firr的敏感性进行分析,结果表明,市场与电信网络技术的紧密结合将能得到较好的收益。
At the end of this chapter , using the decision tree , the binomial options - pricing model and programming approach is employed under uncertain conditions to develop a venture investment decision model to serve the investment objective of maximizing the net present value . the model properly evaluates the venture investment opportunity , effectively demonstrates the behavior of venture capitalist in determination of investing time and duration 并对这几种主要模型进行了不同情境下的应用比较分析,在本章的末尾,采用二叉树期权定价模型和不确定规划方法,构造了一种风险投资决策模型,对多阶段的风险投资时机和期限选择问题作了实证分析。
In finance, the net present value (NPV) or net present worth (NPW) of a time series of cash flows, both incoming and outgoing, is defined as the sum of the present values (PVs) of the individual cash flows of the same entity.