数据资产评估中假设开发法的应用及参数研究  

The Application and Research on Parameters of Hypothetical Development Method in Data Asset Appraisal

作　　者：王进江 费莉 Wang Jinjiang;Fei Li(China Enterprise Appraisals Co.,Ltd.,Beijing 100020;Shanghai Data Group Co.,Ltd.,Shanghai 200011)

机构地区：[1]北京中企华资产评估有限责任公司,北京100020 [2]上海数据集团有限公司,上海200011

出　　处：《中国资产评估》2024年第7期51-59,共9页Appraisal Journal of China

摘　　要：待开发数据释放潜在价值最为常见方式是再利用等,即要进行挖掘与开发。委外开发方式应是主流,假设开发法源于房地产估价,结合商业模式、评估需求,笔者认为其可满足待开发数据与运营数据评估。分析了假设开发法评估步骤,结合数据资产挂牌定价形式及其特点,提出了开发后价值的收益法扩展和使用费转换公式、经营期和折现率确定方法。对类似上市公司进行了成本费用率及折现率参数等相关分析,借鉴软件评估的规模划分及工作量模型等,提出了确定数据开发期及其工作量等的思路,对静态分析法扣减项的投资利息、利润给出了参数取值路径。最后,通过案例解析了假设开发法的应用。The most common way to unlock the potential value of data under development is through measures such as reuse,which requires mining and development.Outsourcing development should be mainstream.Hypothetical development method originates from real estate,combining business models and assessment requirements.The author believes it can satisfy the assessment of data under development and operational data.Analyzing the assessment steps of the hypothetical development method,combining the form and characteristics of data asset listing pricing,the author proposes an extension of the income approach and a formula for converting usage fees for the post-development value,as well as methods for determining the operating period and discount rate.A correlation analysis of cost and expense ratio and discount rate parameters for similar listed companies is conducted.Drawing on scale divisions and workload models from software assessment,the author proposes ideas for determining data development periods and workloads,providing parameter valuation paths for investment interest and profits in the deduction terms of the static analysis method.Finally,through case analysis,the application of the hypothetical development method is discussed.

关 键 词：数据资产评估 待开发数据 假设开发法 开发后价值扣减项 

分 类 号：F275[经济管理—企业管理]