基于實(shí)物期權(quán)的煤礦企業(yè)安全投資決策研究.pdf

1、西安科技大學(xué)碩士學(xué)位論文基于實(shí)物期權(quán)的煤礦企業(yè)安全投資決策研究姓名：陳尚聰申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：企業(yè)管理指導(dǎo)教師：李紅霞20080415Subject：DecisiononSafetyInvestmentofCoalMineResearchBasedonRealOptionTheorySpecialty：EnterpriseManagementName：ChenShangcongInstructor：LiHongxiaABSTRACT

2、(Signatu(SignatuCoalminesafetyaccidentshadgavemischanceformillionsoffamilies，madesevereeconomicdarnnifyforoursocietyAlthoughpartyandgovernmentpaidmoreaaemionanddidalotofmeasures，thesafetysituationofcoalminewasalsosevereH

3、owtomakethedecisionforsafetyinvestmentwastheimperativequestiontoresolveTraditionalinvestmentevaluationwayhadshownitsdisadvantage，anditcouldn’tmeetthedecision—makerrealdemandManypeoplestartedtopayattentionontherealoptiont

4、heoryasaanalysistoolforinvestmentprojectdaybyday，andmanysavantsstartedtouserealoptiontheorytostudytheinvestmentprojectButfewpeopleputtherealoptiontheoryonthesafetyinvestmentprojecttodaythepaperWasexpoundedbasedonthebackg

5、roundThedecisionofthesafetyinvestmentthepaperstudiedWasinordertosolvetwofacetquestionsOneWasthedecisiononthechoiceofdifferentschemeforthesafetyinvestmentOtherWasthedecisionontheperformingopportunityoftheoptionofthesafety

6、investmentprojectThepaperbasedonthespecialcharacterofthecoalminesafetyinvestmentproject，analyzedtherealoptioncharacterthesafetyinvestmentprojectexisted，andconcludedtheanalysisframemodelforthesafetyinvestmentprojectontheb

7、asetherealoptiontheoryThemodelofferedthereferencefortheanalysisofrealoptioncharacterforthesafetyinvestment；Andthepaperwasconductedbythevaluemodeloftherealoptiontheorycombiningthespecialcharacterofthesafetyinvestmentproje

8、ct，builtthevaluemodelforthesafetyinvestmentprojectwhichhadtherealoptioncharacterThevaluemodelCanofferthereferenceforthequestionofdecisionchoosing；ThroughthecomparebetweentheNPVvalueandtherealoptionvalue，evaluatedthevalue