摘要
随着中国石油天然气股份制公司的成立以及公司股票在美国和香港的成功上市,"五年计划"、"年度油田开发业务计划"和"滚动计划"的经济评价工作要适应股份制公司的要求,符合市场经济变化的规律。因此,在制定公司的发展计划时,必须利用价值评估模型,对企业的价值进行评估,评价出方案实施的可行性和经济合理性。经济评价完成后,利用模糊综合评判方法进行方案优选,用蒙特卡洛方法对推荐方案进行风险分析。评价指标体系主要有自由现金流、息税前利润、调整税后净利润、净现值、投资回报率等。
With the establishment of China National Petroleum Corporation and the successful issue of its stock in Hong Kong and the United States, economic evaluation of ' five year plan', ' annual oilfield development plan', and ' progressive development plan' must adapt to the requirement of stock company, and meet the law of market economy. Therefore, when company plan is being made, value evaluation model must be used to estimate the value of the company, the feasibility and economic rationality of the plan. Then fuzzy comprehensive method is used to choose the best plan, and Monte Carlo method is used to analyze the risk of the recommended plan. The evaluation indices primarily contain free cash flow, before tax net profit, net profit after adjustment tax, net present value and rate of return on investment etc.
出处
《吐哈油气》
2002年第3期275-278,312,共5页
Tuha Oil & Gas
关键词
折旧
税息前利润
自由现金流
投资资本回报率
depreciation
before tax net profit
free cash flow
rate of return on investment
