对我国在采矿权评估中引用模糊实物期权法的探讨  

Research into Application of Fuzzy Real Option Theory to China's Mining Rights Assessment

作　　者：汪再奇[1] 邢相勤[1] 王伯轩[1] 

机构地区：[1]中国地质大学(武汉),武汉430074

出　　处：《科技和产业》2010年第2期78-81,共4页Science Technology and Industry

摘　　要：在采矿权评估过程中,传统的净现值法和实物期权法存在一定缺陷,特别是管理者很难对预期现金流估计一个准确的值,而模糊理论和实物期权理论相结合的模糊实物期权定价模型克服了这个缺陷,能更加实际地反映其采矿权价值。本文首先简要介绍了采矿权评估中的贴现现金流法和实物期权法,针对其不足,提出了模糊实物期权法,并分析其理论基础,最后通过一个简单的案例介绍了模糊实物期权法在矿业权评估中的应用。In the mining rights assessment process, the traditional net present value method and real option method have some defects, especially r it is difficult to estimate the expected cash flow for the manage, while the fuzzy real options pricing model which combine with the fuzzy theory and real option theory can overcome this defect, it can reflect the value of mining rights more realistically. This paper briefly describes the cash flow method and real options method of mining rights assessment, and put forward a fuzzy real option method for the shortcomings of he cash flow method and real options method, and analyze its theoretical foundation. We introduce the using of the fuzzy real option method to the mining indus- try with a case.

关 键 词：采矿权评估 模糊实物期权法 净现值 

分 类 号：F204[经济管理—国民经济]