option pricing theory 中文意思是什麼
option pricing theory
解釋
期權定價理論-
Chapter nine, ten and eleven develop the discrete methods to price exotic options, in which chapter nine prices exotic options using the shooting target gird method, chapter ten prices the options using improved shooting target gird method when the underlying asset obeys cev process, and chapter eleven prices the double lookback options using five - bifurcation tree method. in the last chapter, application of option pricing theory is studied in executive stock option plan
第九、十、十一章研究的是用離散方法對變異期權進行定價，其中，第九章是用打靶格法對一列變異期權進行定價；第十章，用改進的打靶格法對標的資產的價格服從cev過程的變異期權進行定價；第十一章用五叉樹模型對雙回望期權進行定價。 -
Moreover, this paper discusses the feasibility of option pricing theory by adopting cases. on the one hand, it admits this method plays a key role in the realization of " debt - in - lieu - of - equity " of state - owned enterprises and appraising the value of potential earning - capacity ; on the other hand, it illustrates the application of option pricing theory in appraisal is still immature. for it can not meet the prerequisite of the theory ; its result will not be generally accepted and the quality of appraisal staff are relatively lower, this method is not applicable to business valuation aiming at equity alteration. thus it should not be regarded as a brand - new appraisal method to be promot ed in the short run. in the finial the thesis forms its conclusion on method application of superseding cost method gradually. generalizing the use of income method and developing the sense of using option pricing method
由於成本法所固有的局限性，無法評估出資產組配成具有獲利能力的整體資產的創造性價值，因此注重企業獲利能力的收益法已成為轉軌時期中國評估業的現實選擇，並進一步對收益法的起源、方法特點和適用性進行了深入的分析；運用理性分析與案例分析相結合的方法對收益法發展的新階段? ?期權定價法應用於企業價值評估的可行性進行了研究，肯定了這一方法對國企實現「債轉股」和評估高新技術企業潛在獲利能力價值的重大意義，同時對此方法應用於企業價值評估不滿足前提條件、評估結果的可接受性、及評估人員素質等方面說明了這一方法在資產評估領域的應用尚不成熟，尤其不適用於產權變動為目的的企業價值評估，因而短期內不宜作為一種全新的評估方法推廣。 -
The purpose of the dissertation is to analyze real option pricing theory and the application in r & d in - depth, based on the framework of option pricing and the similarity between real option and option
本論文依據投資中實物期權與金融期權的相似性，借鑒金融期權理論價格模型建立的機理和框架，結合實例，對實物期權的定價及其應用進行了深入的分析。 -
Chapter one reviews the theoretical literatures, some of which form the corporate irm solid theoretical foundations that involve utility function theory, risk portfolio theory, hedging theory, agency & bankruptcy theory, capm & option pricing theory, and risk society & risk culture theory
論文分析和介紹了包括效用函數理論、風險組合與分散理論、企業套期保值理論等經濟理論;包括markowitz的資產組合理論、資本資產定價模型、期權模型等金融理論;包括代理理論、破產成本理論、企業融資成本理論等財務理論。 -
From theory, this thesis offers a new real options analysis frame based on integration of the real option theory research of these days. from method, we have applied the financial option models to evaluate the real - options existing in real investment projects, we focus on exercising the existing models and analyze what shortcomings are there when we do so. after that, we offer a new model to evaluate the switch options improved on option pricing theory, in this empirical research, we replace labour force cost with daily wages
本文從理論和方法兩個方面展開：由於實物期權的概念是由金融期權引申而來，所以在理論方面，首先分析了金融期權的內涵，並綜合目前實物期權理論研究的成果，提出了一個完整的實物期權分析框架。方法上，除了運用目前存在的金融期權定價模型來評估一些實際存在的投資計劃，還在期權定價理論的基礎上針對轉換期權建立了一個模型並計算它的價值。 -
European option pricing theory in finance mathematics
金融數學中的歐式期權定價方法 -
The relation between risk and return with the pricing of risk has been becoming the kernel parts of modern financial theory, all of capm, apt and the option pricing theory have contained plentiful basic thoughts on the analysis, pricing and management of risk and have become a stable theoretic foundation of the creation and development of modern market risk management
風險與回報的關系和風險定價成為現代金融理論的核心內容之一。資產組合管理理論、資產定價理論和期權定價理論都蘊含著豐富的有關風險分析、定價和管理的基本思想，成為現代市場風險管理產生和發展的堅實理論基礎。 -
" financial mathematics 、 financial project and financial management " con - stitute a significant research project specified by the national foundation of natural science of china ， in which option pricing theory is a problem of leading edge as well as a hot one. this thesis gives a new evaluation method on the important factor ? volatility, which has an important influence on the pricing of option, based on the research of option characters
「金融數學、金融工程和金融管理」是國家自然科學基金確定的重大研究項目，而期權定價理論則是目前金融工程、金融數學所研究的前沿和熱點問題。本文在研究期權特性的基礎上，對影響期權定價的重要因素波動率給出了一種新的估計方法。 -
According to the optional character of the technology innovative projects " investment, the thesis has investigated the choice and decision - making of these projects systemically with the real option theory. the main points of this thesis are as follows : firstly, it compares the similarity between real option of the technology innovative projects and option based on the summary of option pricing theory and systems analysis of these projects and their characters, which can be made as the theory and evidence of the real option approach to value these projects. secondly, based on the synthesized analysis of these projects " option, it sets up three models to value the different real option respectively in these projects such as the delaying option, growing option and multiple option
論文的主要工作有： 1 ）在概述期權定價法和系統分析技術創新項目及其實施過程特點的基礎上，比較了技術創新項目投資與金融期權投資的相似性，作為技術創新項目投資的實物期權評價法的理論與依據； 2 ）在綜合分析技術創新項目投資所具有期權的基礎上，分別建立了技術創新項目投資的延遲期權、增長期權和復合期權模型，並進行了相應的實證研究和比較研究； 3 ）對pindyck的期權定價模型進行了推廣和改進，利用模型探討了投資時機的選擇性及其對投資機會價值和投資決策的影響，並在此基礎上確定最優投資規則，為技術創新項目投資決策提供參考； 4 ）針對定量模型難以規避技術創新項目中組織風險的特點，進一步將定量模型和定性研究方法相結合，對技術創新項目投資評價的實物期權模型進行了改進，使得評價模型更合理。 -
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。 -
When option - pricing theory is applied in financial budgeting, it is called real options theory, which opens an entirely new way to investment appraisal for people as well as enterprise
它是期權定價理論的最新發展之一，不僅大大豐富了期權理淪的內涵，而且為企業和個人的投資決策提供了全新的分析思路和分析方法。 -
Discussion on the application of option pricing theory in enterprises ' project investment evaluation
期權定價理論在企業項目投資估價中的應用 -
The application of option pricing theory in risk investment decision - making
期權定價理論在風險投資決策中的應用 -
With the development of option pricing theory, we can use real option theory in broader domain
隨著期權定價理論的發展，實物期權方法得到廣泛的應用。 -
First, the paper summarize the origin, development, academic trend and research method of option pricing theory in chapter one
論文首先在第一章綜述了期權定價理論的起源、發展、意義、研究動態與方法。 -
Moreover, the option pricing theory is applied to the analysis of decision making of sequential investment including information cost
給出了信息成本的分類和計量方法，利用期權理論與方法對有信息成本的序列投資決策進行了分析。 -
Under such background, research and application of option pricing theory, currently, set off a new upsurge of inovation in the field of financial theory
基於此背景，目前，關于期權定價理論的研究和應用，掀起了金融理論創新的新高潮。 -
Many of the problems are relevant with the completeness of the markets. so this paper first describe the option pricing theory in the incomplete market
這些問題中有相當部分與市場的完全性有關，為此本文首先從理論上描述非完全市場條件下的期權定價問題。 -
Chapter one introuduces the origin, development, academic trend and meanings in economics of option pricing theory, at the same time summarizes principal work of this paper
第一章介紹了期權定價理論的產生、發展、研究動態以及在經濟學上的意義;同時對本文的主要工作做了簡單概括。 -
Value assessment system is the kernel to strategy alliance. the traditional cash flow analysis method hardly assess the value of high tech enterprise correctly, while the option pricing theory can compensate the traditional pricing method shortage
價值評估機制是風險投資戰略聯盟的重要機制，傳統現金流分析法難以準確評估高新技術企業的價值，但期權定價理論卻可彌補傳統定價方法的不足。
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