| 基于期权定价理论的矿业工程投资决策模型 |
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| 引用本文： | 张能福,蔡嗣经,刘朝马.基于期权定价理论的矿业工程投资决策模型[J].北京科技大学学报,2002,24(1):5-7. |
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| 作者姓名： | 张能福 蔡嗣经 刘朝马 |
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| 作者单位： | 1. 淮南工业学院,安徽,232001;2. 北京科技大学土木与环境工程学院,北京,100083;3. 南方冶金学院,赣州,341000 |
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| 基金项目： | 国家自然科学基金;79960005; |
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| 摘 要： | 矿业工程项目的投资受到许多不确定因素的影响,传统的净现值(NPV)法对工程项目的评价未考虑这些不确定因素.应用期权定价理论和方法,研究了矿产品价格的运行模式,在充分考虑矿业投资项目成本和收益的不确定性的基础上,建立了矿业工程投资决策模型,为矿山投资决策提供了新的思路和决策方法.
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| 关 键 词： | 矿业工程 决策 期权定价 不确定性 |
| 修稿时间： | 2001年4月23日 |
Application of Option Pricing Theory to Decision-making on Mining Projects |
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| ZHANG Nengfu,CAI Sijing,LIU Chaoma.Application of Option Pricing Theory to Decision-making on Mining Projects[J].Journal of University of Science and Technology Beijing,2002,24(1):5-7. |
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| Authors: | ZHANG Nengfu CAI Sijing LIU Chaoma |
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| Abstract: | Investment in mining projects is influenced with many uncertainties such as coast, revenue etc. Traditional mining projects evaluation method, NPV, cannot be involved these uncertainties. Based on Option Pricing Theory(OPT),prices of mining outputs are modeled and incorporated into the analysis. Under consider- ation of uncertainties of mining costs and revenue, an option pricing model, a helpful approach and quantitative tools to the mining project evaluation, is developed. |
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| Keywords: | mining projects decision-making option pricing uncertainty |
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