基于模糊不确定环境的高新技术项目价值评估模型  

Valuation model of high technology project based on fuzzy uncertain environment

作　　者：谭英双[1,2] 

机构地区：[1]重庆大学经济与工商管理学院,重庆400044 [2]重庆师范大学重庆市运筹学与控制论重点实验室,重庆400047

出　　处：《系统工程理论与实践》2010年第6期1021-1026,共6页Systems Engineering-Theory & Practice

基　　金：教育部新世纪优秀人才支持计划(NCET-07-0906);国家自然科学基金(10471159;70672012)

摘　　要：对模糊不确定性环境下高新技术项目价值评估特点进行研究,在回顾传统价值评估模型的基础上提出了模糊不确定性环境下价值评估模型.借助Liu过程、Liu公式等不确定理论建立的模糊欧式看涨期权推导出模糊环境下的净现金流公式.结合传统的NPV评价方法、B-S方法的数值例子,对三种模型的计算结果作了比较,结果表明:模糊环境下模型是高新技术项目价值评估的又一重要手段.This essay aims at the study on the characteristics of valuation model of high technology project based on fuzzy uncertain environment.After reviewing the traditional valuation model,the essay proposes the valuation model based on fuzzy uncertain environment.The formula of net present value flow under the fuzzy environment deduced by fuzzy European call option by the uncertainty theory such as Liu process and Liu formulas.Combining traditional NPV valuation method and numerical examples of B-S method,this essay compares the results of the three models and concludes that the model under fuzzy environment is another important way of high technology project valuation.

关 键 词：高新技术项目 模糊欧式看涨期权 模糊环境 

分 类 号：F830[经济管理—金融学]