基于期权方法的动态租赁决策  

Dynamic Renting Decision Based on Option Method

作　　者：郑明川[1] 

机构地区：[1]浙江大学管理学院财务与会计研究所

出　　处：《统计研究》2003年第1期60-62,共3页Statistical Research

基　　金：国家自然科学基金项目 (批准号 70 0 72 0 2 7);浙江省自然科学基金项目 (批准号 70 0 0 12 )

摘　　要：Many researches concentrated on the analysis of leasing decisions,which afford no flexibility to adjust the term of the leasing during its life.Since these analyses are based on Discounted Cash Flow,it is inadequate for valuing the various options written into many leasing contracts.In this paper,a leasing decision with several real options was analyzed.An option based numerical analysis is used here with an exampite to value such discrete time type of real options.Many researches concentrated on the analysis of leasing decisions,which afford no flexibility to adjust the term of the leasing during its life.Since these analyses are based on Discounted Cash Flow,it is inadequate for valuing the various options written into many leasing contracts.In this paper,a leasing decision with several real options was analyzed.An option based numerical analysis is used here with an exampite to value such discrete time type of real options.

关 键 词：期权方法 租赁决策 实物期权 价值评估 中国 

分 类 号：F830.8[经济管理—金融学] F832.49