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valuate vt.(-ated; -ating) 評價,估價;鑒定,...

Part 2 : analysis in the cash flow - discounted method of enterprise valuating fit for value management 1 . summarize the principles of the “ cash flow - discounted model “ and the two elements of the model . 2 第二部分:適應企業價值管理要求的價值評估方法? ?折現現金流量模型分析一、概述折現現金流量估價模型的基本原理及兩個基本要素。

Abroad , such as the united states , japan , finland , soviets etc . these countries have once valuated and analysed the value of forest wood and wood “ s by - product and ecosystem environment value of the forest wood 在國外,如美國、日本、芬蘭、蘇聯等國曾對森林林木及林副產品的價值與生態環境價值進行過測定和對比分析。

This thesis analyzed the status quo of domestic hi - tech enterprises “ development and discussed the necessity and the feasibility to valuating the investment opportunity of hi - tech enterprise 本文首先分析我國高新技術企業的發展現狀,探討了高新技術企業投資機會價值評估的必要性和可能性。

valuation

The key tasks of this paper mainly include : ( 1 ) puting forward the emphases and difficulties of enterprise m & a decision , and holding that decision - makers should make decision according to the principle of value creation ; ( 2 ) setting up estimation model of value creation in m & a , including synergy effect model , m & a transaction and evaluation model , m & a net income model , etc . ; ( 3 ) explaining the application of virous valuation method and discussing how to choose proper valuation method in m & a decision ; ( 4 ) studying the valuation of synergy effect after calculating the independet value of both enterprises respectively before m & a and the combined enterprise after m & a by discount cash flow method ; ( 5 ) studying the valuation of the target enterprise ' s expected value , in which general target enterprises are valuated with several kinds of valuation techniques while high - tech target enterprises are valuated by option pricing model 在研究過程中,本文試圖運用價值評估技術,在并購決策中確立一套較為完整的價值分析方法,以使決策者有效的判斷并購能否創造價值,從而作出正確的并購決策。本文的核心工作主要包括: ( 1 )提出了企業并購決策的重點與難點,認為決策者應根據價值創造原則進行并購決策。 ( 2 )建立了并購創造價值的估測模型,具體包括協同效應模型、并購交易估價模型和并購凈收益模型。

These research works refer to the theory and knowledge of civil engineering , transport engineering , macroeconomics , microeconomics , decision - making technique , quantitative economics and statistics . the following main achievements are useful for scientific and quantitative decision of china ' s hspgs proje ct : ( 1 ) on the theme of traffic demand market share of hspgs line . through analyzing the behaviors of passenger while they selecting travel model and the factors that impact their choice , a utility function to valuate the travel model is established , in which some important technical characteristics of travel model are for the first time introduced 主要研究成果如下: ( 1 )在高速鐵路客運市場份額研究方面,通過研究旅客對交通工具的選擇行為,分析了影響旅客選擇行為的經濟、技術、心理和生理因素,首次將交通工具的多種技術特征引入效用函數中,建立了客運交通工具的效用評價理論;進而用多目標決策、數量經濟學和統計學理論建立了交通工具市場份額分析模型。

Method on evaluating traffic impact area based on time can rationally valuate the influence degree which different development put on different road network . connected with subjective analysis , it can analyze working condition on urban traffic and make traffic planners estimate the accessibility of the city easily , in the end make city develop sustainably T - tia方法能夠合理評價不同項目在不同路網狀態下的影響程度,該方法與主觀分析結合在一起能夠促進對城市交通運行狀態進行詳細和準確的分析,便于規劃人員判斷城市不同區位的可達性,從而使城市進入可持續發展的軌道。

The author of this paper attempts to raise some suggestions and strategies to reform the contents and teaching mode , to construct a health building teaching system , to lend variety to teaching activities , to improve the valuating systems so as to smooth away the present difficulties and let it play a key role in the quality education 針對當前高職高專田徑選項課教學的現狀,本文提出了應改革現有田徑教學內容和教學模式、構建田徑健身教學體系、豐富教學形式、完善教學考核評價制度等對策與建議,以期盡快擺脫當前高職高專院校田徑教學困境,使之在素質教育中發揮更大的作用。

In theory , agricultural land requisition price is composed of land economical price and land social insurance price . in the dissertation , the land requisition regions are plotted out and its price are valuated by superimposing the map of standard agricultural land price on the social insurance map 從理論上講農用地征用價格由經濟價格和社會保障價格構成,論文提出了在農用地基準地價基礎上,利用農用地基準地價圖與社會保障區圖疊加,來劃分農用地征用價格區片,評估農用地征用區片價的技術思路。

This paper analyzes the methods of valuating close - end funds in our country , based on the index of overseas funds valuation and domestic market condition , and creates the system to valuate close - end funds in our country by comparative and quantitative index . in former domestic study of valuating security funds , there are many problems : index was often used for reference from abroad without applicability analysis ; empirical analysis they have done was often unilateral ; the valuation system was of complexity , which is unfit for common and whole judgment 通過評析目前我國的基金評價方法,我們發現:定量方面的研究大多是直接引進國外理論成果或對基金某一方面的表現提出評價方法;實證分析主要是對基金的某個方面進行零散的評價,且研究時期短,評價的有效性有限;實踐運用中的評價指標體系往往過于復雜,僅適合于作為專業的和專項的分析材料,在作為綜合評價指標并進行比較時,其實用性非常有限。

Up to the middle of 1990 ' s , the research in china centers on valuating influential mmes abroad , among which most introduces and criticizes the mmes in u . s . a and europe . after the middle of 1990 ' s , china stars to construct chinese mmes employing the methodology of model . nowadays , the construction of mmes has become a direction for research , but the basic theoretical research on the construction of mmes is not rich and it is even rare to offer strategies on the construction of mmes 但是這些文章和著作主要集中在介紹、引進、評價當代西方德育模式的研究層面,對德育模式建構的理論研究并不多見,對如何運用建模的方法提升我國當代德育實踐中涌現出的新鮮經驗的研究更不多見,因此,本文試圖從“模式建構”的視角切入這一問題,以期從方法論上為我國道德教育理論研究提供新的視角,在實踐中提高中小學道德教育的實效性。

So this paper tries to solve these problems through the following work : first , we select some index to valuate the close - end funds , including income , stability , risk in falling , stocks selecting ability and tuning ability , based on overseas funds valuation methods and domestic market condition ; second , we analyze the stability of all index and form two styles index , which are f and other bad stability index ; then , we form the valuation system , including two - layers index , which are p and factor score ; last , we use this system to analyze the close - end funds which came into existence before 2000 and get the final comparative result . the main intention of this paper is to create the system of valuating close - end funds in our country , which is comprehensive and objective . in my valuation system involving the period from 2000 to 2003 , the funds as a whole performs inferior to the stock index 首先,對國外理論界經典成型的、以及前沿的基金評價指標和評價方法進行了詳細的分析,并結合我國的基金市場狀況,選取了可以衡量基金收益、穩定性、下跌風險、股票選擇能力、時機選擇能力等量化指標;其次,根據我國基金分析的需要,采用了諸如基金交易價格、換手率等二級市場表現指標;然后,對這些指標進行了時間延續性分析,檢測這些指標在運用到我國基金市場時能否有效預測基金未來表現,從而形成了兩類指標:時間延續性很好的s _ p和時間延續性不好的其它所有指標;再次,在以上工作的基礎上形成了由兩個層面的指標構成的我國證券投資基金評價體系: s _ p和因子分析中綜合因子得分值;最后,選取了我國2000年1月1日前成立的23只封閉式基金作為樣本,并同時采用上證a股與深成a股兩個基準組合進行了3年樣本期的實證分析,得出了最終的比較性評價結果。

As modern financial theories are concerned , the valuation of an enterprise is to valuate its inherent value that has close relations to its future increase . so the method most answers for value theory and concept is the cash flow - discounted method , and it is discussed in my paper 從現代金融和財務理論來說,企業價值評估是要評估企業的內在價值,而持續經營條件下企業的內在價值與其未來能產生的收益密切相關,因而最符合價值理論和概念的企業價值評估方法是現金流量折現法。

And path dependence theory , marginal theory and optimizing theory are applying in this paper . this article ends up with a few of hypotheses below : at present , retail exposures of credit risk may be valuated by multi - factors score ; company ones of credit risk may be valuated by modified specialist method ; and bank ones of credit risk may be valuated by quasi modern credit risk valuation model ; the destination is to get to the same way to modern credit risk valuation model by which all kinds of risk can be valuated , by the means of motivational transition or compelled one of the institute 在此基礎上,以會計/市場數據可得性和有效性、金融市場發育程度、利率市場化深度、公司治理結構的完善度以及信用工具本身的特征(尤其是衍生金融工具)等因素作為細分依據,將我國商業銀行中信用風險暴露(嚴格意義上來說,為了突出本文的觀點,本文僅僅是對商業銀行的部分風險暴露)劃分為:零售信用風險暴露、公司信用風險暴露? ?對大型企業集團的信用風險暴露和銀行信用風險暴露? ?銀行對質優上市公司的信貸業務、銀行的貨幣市場業務以及金融衍生產品業務等。

To some extent management over shoes products of r5 and other products are different . a remarkable characteristic is that the same sincere product will have a lot of colors and sizes . generally to valuate according to the fund or the fund color , but measured and carried on according to the size of fund color R5對鞋類產品的管理與其它產品有所不同,一個顯著的特點是同一款產品會有許多顏色和尺碼,通常情況下,計價是按款或款色進行,但計量是按款色尺碼進行的。

Taking convertible options and callable options as examples respectively , the paper analyses the influence of embedded options , caused by the change in stock price and interest rate , on corporate bond ' s value . then , proposes methods of valuating approximately the influence 本文分別以可轉換期權和可提前贖回期權為例,分析了由于股票價格及利率變化所帶來的嵌入期權的變化對公司債券價值造成的影響,即公司債券價值的敏感性,提出了大致估價這種影響的方法。

It put forward that when valuate the whole property of internet enterprise by means of npv , not assess all the likely profit of internet enterprise by means of npv only , but assess the current business and the extending business respectively 提出采用收益現值法對網站整體資產進行評估時,不是單純采用收益法中的貼現現金流量法對網站所有的可能收益進行測算評估,而是把網絡企業現有的業務和以后投資擴展的業務分別進行評估。

Therefore we only can apply a kind of method , which is fit for the target enterprise ’ s specific circumstance and then valuate it with scientific way . there are four kinds of method to introduce : fcf method , market valuation method , cost valuation method , and option pricing method 企業價值評估就是根據特定的目的,遵循特定的原則,依照法定的程序,運用科學的方法,對企業的整體經濟價值進行判斷、估計、測算的過程。

Three copper ore exploration right in the east tian mountain were valuated through five methods - new and old replacement cost method , new and old geoscience rating method and geoscience rating method on trial , then arrive the result of exploration right evaluation 采用新舊重置成本法,新舊地質要素法以及探索性的地質要素評序五種方法對三個勘查區域探礦權進行評估,得出各區域的探礦權價值。

The thesis chose shuangma project of northwest chemical industry academe as example to testify the model and deeply discuss the impactions on the result of the valuating the investment decision from fixed jumping frequency to random jumping frequency 選取西北化工研究院的雙馬項目作為實例,對模型進行了驗證,并從固定跳躍頻率深入到隨機跳躍頻率來進一步分析和探討評估結論對投資決策的影響。