勘探目标投资组合的优化模型及其应用

The Portfolio Optimization Model of Exploration Objects and it's Application

把现代投资组合理论引入油气勘探目标投资组合的优化与管理,简要介绍了现代投资优化组合模型的基本思想与原理,阐述了适合于我国油气勘探开发项目的投资组合优化模型,以及该模型的求解方法。最后,通过大庆探区实际勘探目标投资组合优化的应用,为投资决策直接提供方案,同时也证明了该模型是正确的,方法是可行的。

With the internationalization of investment of petroleum exploration and development, there are increasing investment opportunities and investment risks. Therefore, portfolio management and portfolio optimization technology are playing more and more important role. This paper introduces modern portfolio theory to portfolio optimization and portfolio management of petroleum exploration objects. It briefly introduces the basic ideas and principles of modern portfolio mathematical model, discusses the portfolio model that suits for petroleum exploration and development projects of China, and expatiates the solution algorithm of this mathematical model. Lastly, this model was applied in portfolio management of actual exploration object in Daqing Exploration Area. A optimization investment decision was provided, and the validity of the model and the feasibility of the method were also proved.