| 价格服从跳跃——扩散的矿业权估价方法研究 |
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| 引用本文： | 邸涛,惠莉萍.价格服从跳跃——扩散的矿业权估价方法研究[J].西安科技大学学报,2008,28(1):155-158. |
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| 作者姓名： | 邸涛 惠莉萍 |
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| 作者单位： | 1. 西安武警工程学院,基础部,陕西,西安,710086
2. 西安科技大学,管理学院,陕西,西安,710054 |
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| 摘 要： | 由于收益现值法无法考虑矿业权持有者在运营管理上的灵活性,而已有的矿业权期权估价方法不考虑矿产品价格的不连续随机变动和利率的随机变动,从而导致在使用这些方法对矿业权进行评估时容易低估其价值。为此,文中建立了基于跳跃-扩散价格和随机利率的矿业权估价方法模型。
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| 关 键 词： | 矿业权 期权 跳跃-扩散 |
| 文章编号： | 1672-9315(2008)01-0155-03 |
| 修稿时间： | 2007年1月10日 |
Evaluation method of mining rights based on jump diffusion interest rates and price |
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| DI Tao,HUI Li-ping.Evaluation method of mining rights based on jump diffusion interest rates and price[J].JOurnal of XI’an University of Science and Technology,2008,28(1):155-158. |
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| Authors: | DI Tao HUI Li-ping |
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| Abstract: | In practice of application of evaluation method of income present value, management flexibility is not considered,and the discontinuous changing process is not considered in most of evaluation methods of mining rights based on option, these cause the value of mining rights is underestimated. A method of evaluating mining rights based on jump diffusion interest rates and price in the spot is set up. And the method is verified in a specific case to show that the value of the mining rights evaluated by this method is larger than that by the IPV. |
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| Keywords: | mining rights option theory jump diffusion |
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