摘要
折现现金流法是工程评估最常用的方法,但其低估了矿业开发价值.运用管理选择 权,遵循标准的期权定价过程,建立了矿业开发价值和矿业工程评估模型,为投资决策提供了 新的思路和量化工具.
Discounted cash flow (DCF) techniques are widely used for valuing project investment. But this convention DCF has a pitfall that underestimates the value of the mine. Using mining management flexibility and following options pricing processes, new approach and quantitative tools to the value of a mine and the project evaluation are developed.
出处
《北京科技大学学报》
EI
CAS
CSCD
北大核心
2000年第6期505-507,共3页
Journal of University of Science and Technology Beijing
基金
国家自然科学基金资助项目(No.79960005)
关键词
工程评估
管理选择权
折现现金流法
期权定价理论
project evaluation
mining management flexibility
discounted cash-flow technique,options pricing theory