| 基于期权定价理论的矿山项目投资风险评价 |
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| 引用本文： | 陈湘州,杨继平. 基于期权定价理论的矿山项目投资风险评价[J]. 湖南科技大学学报(社会科学版), 2003, 5(4): 70-73 |
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| 作者姓名： | 陈湘州 杨继平 |
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| 作者单位： | 湖南科技大学,商学院,湖南,湘潭,411201 |
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| 摘 要： | 利用矿山投资过程中具有的某种相机选择权与美式看涨期权相似的特点,应用期权定价理论,研究了矿山投资中的机会价值,并建立了相应的矿山投资机会价值模型,弥补了应用净现值法评价矿山投资的不足。给出的算例计算结果符合人们在选择有较大风险的投资时需要一个较高价位的直观需求。
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| 关 键 词： | 期权理论 矿山投资 机会价值 净现值 |
| 文章编号： | 1009-5357(2003)04-0070-04 |
| 修稿时间： | 2003-09-10 |
Uncertainty Valuing of Mining Projects Based on Option Pricing Theory |
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| CHEN Xiang-zhou ,YANG Ji-Ping. Uncertainty Valuing of Mining Projects Based on Option Pricing Theory[J]. journal of hunan university of science&technology, 2003, 5(4): 70-73 |
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| Authors: | CHEN Xiang-zhou &YANG Ji-Ping |
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| Abstract: | Because of the similar characteristics between the optional chance of mining investment and America rising option,we study in this paper the valuing investment opportunity of mining projects and establishing its model based on Option Pricing Theory. This method develops the mining projects evaluation based on Net Present Value(NPV) method. And also the calculating result of an example based on the method is in line with the people's intuitive need of a higher price in uncertain investment. |
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| Keywords: | Option Pricing Theory mining investment opportunity value Net Present Value |
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