可延迟的煤炭开采权的估价方法

Evaluation Method of the Postponable Coal Mining Option

从讨论煤炭开采权的期权特征入手 ,得出煤炭开采权与欧式买权相似。使用期权来估计煤炭的开采权较之传统的方法要准确得多 ,为煤炭开采权的估计提供一种有效方法 ,同时对其它矿产资源开采权的评估也提供一种有效的方法 。

This article discusses the Option character and got the similarty between the Coal mining Option and the European Call Option in which bonus is paid.And evaluating the Coal mining Option with the Call Option is more accurate than traditional method.We also have the purpose to provide an effective method to evaluate the Coal mining Option and other resource option.At last,several illustrations are made to evidence the specific application of this method.