present value analysis approach 中文意思是什麼
present value analysis approach
解釋
現值分析處理-
It also studies the problem of real option pricing when the underlying assets follow the pure jump poisson, mixed jump - diffusion merton and mean - reversion model, and obtains the price formula or partial differential equation to price and hedge the real option. when the value of real option can not separate from the value of project, or the uncertainties are endogenous to real option holder, it is difficult to pricing the real option by the ways of no - arbitrage. in this paper we present a approach named valuation with comparison, its basic point is to value the project or program with flexibility by means of decision tree analysis ( dta ) and stochastic dynamic programming ( sdp ), and the results are compared with that of non - flexibility, finally,
當實物期權的價值不能從項目價值中分離出來，或者影響基本資產價格的不確定性內生於期權的持有者時，此時實物期權的價值一般難以直接利用無套利方法得到，本文通過對現有文獻進行歸納，提出一種比較定價法，其基本要點是利用決策樹、動態規劃法或二叉樹模型等技術來確定嵌有柔性的項目或方案的價值，然後將其與沒有柔性的項目或方案進行比較，從而獲得各種柔性的價值，作為這種方法的一個應用，本文研究了柔性勞動合約的設計與定價問題，研究表明，對企業重要員工採用長期勞動合約，而對一般員工採用短期合約可以節約勞動力使用成本。 -
Combining with the practice of development of modern enterprise group, the paper analyzes the forms of growth of modern enterprise group, concludes the common laws of enterprise growth by the model of enterprise modularity analysis. besides, this thesis studies the effects of the equilibrium of enterprise value chain structure to its growth, proves the mechanism of economic technology matrix of enterprise value chain deciding the growth speed of modern enterprise group, puts forward the approach of modern enterprise group realizing growth from the angel of complexity, points out the intension of the mainly present enterprise growth theories, such as scope economy theory, diversification theory and globalization operating theory
論文結合現代企業集團成長實踐，分析了現代企業集團成長的實現形式，並運用企業價值鏈結構模塊化分析模型，總結了現代企業成長的一般規律，重點研究了現代企業集團集約化成長與企業價值鏈結構均衡性的內在關系，證明了企業價值鏈經濟技術矩陣水平對企業成長速度及效益的決定機理，提出了現代企業集團實現高速成長的路徑，從結構復雜性的角度進一步揭示了范圍經濟理論、多角化理論、國際化經營理論等當前主要企業成長理論的本質內涵。
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