black-scholes option pricing model 中文意思是什麼
black-scholes option pricing model
解釋
公布了后來成為全世界期權評估業標準的模型-
There is also a brief introduction of another commonly used pricing model, the binominal option pricing model, including its relations to the black - scholes option pricing model
調整模型的基本假設條件，將模型擴展為多因素模型。第一部分還介紹了另一種常用的期權定價模型- -二項分佈模型。 -
A mended method on black - scholes option pricing model
期權定價模型的一種改進方法 -
The article. has introduced the basic situation of liutie material company briefly ; has summarized the theoretical foundation of competition strategy and encouraging strategy, namely the competition strategy theory, the motivational theory, agency by agreement, manpower capital theory ; has carried on the macroscopically outside environmental analysis, enterprise inside condition analysis and swot analysis of liutie material company ; has proposed establishing the strategic idea that rely main on diversified strategy, and full combine the entering type strategy ; has made the cooperative effect of giving full play to, set up the total strategy of diversified strategy ; drawing lessons from economic value - added concept, capital - asset - pricing model and black - scholes model, we have designed the phantom stock option plan of liutie material company
本文簡要介紹了柳州材料總廠的基本情況；總結了設計競爭戰略和激勵戰略的理論基礎，即競爭戰略理論、總體戰略、激勵理論、委託代理理論、人力資本理論；進行了柳州材料總廠的宏觀外部環境分析和企業內部條件分析及swot分析；提出了應確立以多樣化戰略為主，並充分結合進入式戰略的戰略觀念，制訂了充分發揮協同效應，建立相關約束多樣化經營的總體戰略；借鑒經濟增加值這一概念和資本資產定價模型及布萊克-舒爾茨模型，設計了柳州材料總廠虛擬股票期權激勵計劃。 -
Use the quantitative analysis tools to valuate use trend extrapolation to forecast sales revenue, linear regression to forecast the future cash flows, tow ? stage discounting cash flow model to valuate the physical assets of zte co. and black ? scholes option pricing model to valuate its growth opportunity or real option. and from the qualitative perspective analyze the reasons for deviations from the enterprise value
用趨勢外推法預測銷售收入，用線性回歸法預測未來現金流量，用兩階段折現現金流量模型評估中興現有資產價值;用布萊克-斯克爾斯期權定價模型預測在競爭條件下中興的增長機會價值;在結尾處，從定性分析的角度研究產生估價偏差的原因。 -
Deducing the pricing formula of executive stock option ( eso ) which is different from black - scholes model in a new method called " certainty equivalence "
因此我們用「確定性等值」方法推導出不同於black - scholes模型的股票期權價值的定價公式。 -
Firstly, the article studies the classic black - scholes option pricing model and concludes the black - scholes option pricing formula with the risk - neutral valuation method
首先，對經典的black - scholes期權定價模型進行了分析，並利用風險中性定價方法推導出了black - scholes期權定價公式。 -
Black - scholes stock option pricing model and its application
模型期權定價方法及其應用 -
A pricing method on black - scholes option model
期權模型的一種定價方法 -
Black - scholes option pricing model
期權定價模式 -
4. after changing the short - term profit function to possion jump process, in the view of that the derivated partial differential equation of the option pricing which different from black - scholes partial differential equation still is that interest rate is constant ( 4. 2 ), the model which does not accord with the real market under the assumption. at last, we derivat a new model of option pricing whoso profit rate is possion jump process under stochastic interest rate ( 5. 13 ), this model not only changes the form of the short - term profit function of the stock price model and avaids the simplization of the profit rate function the unusual flunction sources bring about, but also relaxes the basis assumption of black - scholes option pricing model and makes that the partial differential equation builds the foundation which even approaches the actual market
4 、將短期收益率函數由確定函數修改為possion跳躍過程后，文[ 15 ]推導出的期權定價偏微分方程（見方程4 . 2 ）雖然推廣了black - scholes期權定價偏微分方程，但此時依舊假設利率是常數，這與實際生活中的不符，我們研究了一個隨機利率下短期收益率函數是possion跳躍過程的期權定價模型（見5 . 13 ） ，該模型既改變了股票價格波動源模型中短期收益率函數的形式，避免了異常波動源帶來的收益率函數的簡單化。 -
To those enterprises whose cash flows are continually negative, the cash flow discount model will fail to evaluate the enterprise value. therefore, to those enterprises that have negative cash flows but still have potential value, the paper suggests to use black - scholes option pricing model and eva model to assess them in order to remedy the defects of cash flow discount model
對于現金流量連續為負值的企業，現金流量折現模型會失效，因此論文提出對于現金流量為負值、但是仍然具有潛在價值的企業，可以利用布萊克-舒爾茨大連理工大學博士學位論文期權定價模型和eva評估模型進行評估，用以彌補現金流量折現模型的缺陷。 -
The content of the first part is the systematic introduction of the generation, deduction and development of the option pricing theory. emphasis is laid on the black - scholes option pricing model and its analytic solution with the restriction of the boundary condition. by adjusting the basic hypothesis of the model, the model is broadened to the multi - factor option pricing model
通過引入風險中性假設，推導期權價格滿足的微分方程，結合基於股票的不付紅利歐式看漲看跌期權價格的邊界條件，得出方程的解析解，並通過轉化得出支付紅利的歐式期權的價格，以及美式期權和以其他資產為標的的期權的價值，如貨幣期權和股票指數期權。 -
The first part of this text recommends and explain the intension of the system of executive stock option with its key element, characteristic, current development, positive and negative effects, etc. which offering basic support for following analysis ; the second part, described the behavior of stock price and black - scholes option pricing model from the angle of quantitative analysis, and discuss the value factor of stock option with its encouragement, analyzed the change of every factor in black - scholes option pricing model impact on option worth ; then analyzed the leverage effects and manager ' s morals risk model of executive stock option, at last, considering the main defect existing in the system of executive stock option at present, that is : it depends on stock market unduly, and the stock option incomes of manager has no relationship with manager ' s achievement. this text bring forward the manager synthesizes achievement and appraises model
本文的第一部分全面介紹和闡述了經理股票期權制度的內涵，構成要素，特點，發展情況和正負效應等，為後面的分析提供了基本支持；第二部分，從定量分析的角度出發描述了股票價格行為和black - scholes期權定價模型，並以此為理論基礎探討了股票期權的價值因素和激勵性，分析了black - scholes期權定價模型中各因素的變化對期權價值的影響；接著分析了經理股票期權的杠桿效應和經理人道德風險模型，最後，針對當前經理股票期權制度存在的主要缺陷即：過度依賴股票市場，經理的股票期權收入與公司的業績缺乏相關性這一問題提出了經理綜合業績評價模型。 -
Finally, in consideration of volatility of both firm market value and term structure of interest rate ad the correalation between them, the thesis deduced black - scholes double - factors option pricing model. at the same time, the thesis also compared and analyzed the consistency and difference between convertible bond theoretical pricing and practical pricing, it afforded theories analysis and substantial evidence method for publisher design issue - caluses and investor make choice of investment strategy
最後推導可轉換債券的雙因素期權定價模型，採用matlab6 . 5工程軟體對模型進行模擬計算並進行了實證分析，為發行人發行可轉換債券的條款設計和投資者選擇如何投資可轉換債券提供了理論分析和實證方法。 -
We can account human capital of the enterprisers by using f. black - m. scholes model of option pricing. through this model, we can get the reasonable price when we inspire a special human capital
可以用布萊克-舒爾斯期權定價模型對企業家型人力資本進行定量計算，使得對特殊的人力資本的激勵有了合理的價格依據。
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