Agricultural investment project selection is a complex multi-criteria decision-making problem,as agricultural projects are easily influenced by various risk factors,and the evaluation information provided by decisionm...Agricultural investment project selection is a complex multi-criteria decision-making problem,as agricultural projects are easily influenced by various risk factors,and the evaluation information provided by decisionmakers usually involves uncertainty and inconsistency.Existing literature primarily employed direct preference elicitation methods to address such issues,necessitating a great cognitive effort on the part of decision-makers during evaluation,specifically,determining the weights of criteria.In this study,we propose an indirect preference elicitation method,known as a preference disaggregation method,to learn decision-maker preference models fromdecision examples.To enhance evaluation ease,decision-makers merely need to compare pairs of alternatives with which they are familiar,also known as reference alternatives.Probabilistic linguistic preference relations are employed to account for the presence of incomplete and uncertain information in such pairwise comparisons.To address the inconsistency among a group of decision-makers,we develop a pair of 0-1mixed integer programming models that consider both the semantics of linguistic terms and the belief degrees of decision-makers.Finally,we conduct a case study and comparative analysis.Results reveal the effectiveness of the proposed model in solving agricultural investment project selection problems with uncertain and inconsistent decision information.展开更多
1 Shandong Shengle Shoemaking Industrial Group Corp. To import two advanced high-grade shoe material production lines, one for dry processing and the other for wet processing, and printing and environment monitoring e...1 Shandong Shengle Shoemaking Industrial Group Corp. To import two advanced high-grade shoe material production lines, one for dry processing and the other for wet processing, and printing and environment monitoring equipment for the production of high-grade vamp materials. 2 Shandong Yimeng To import production equipment for展开更多
(1) Technical transformation of the ICproduction lineChinese enterprise : Tian Guang IC Factorysubordinated to the Gansu Electronics IndustryCorp.Contents : import advanced IC productionequipment and technology to enl...(1) Technical transformation of the ICproduction lineChinese enterprise : Tian Guang IC Factorysubordinated to the Gansu Electronics IndustryCorp.Contents : import advanced IC productionequipment and technology to enlarge theproduction scale, achieving an annualproduction capacity of 100 million items ofICs.展开更多
—The project to produce one million lines in program-controlled exchanges by the Qingdao and AT&T Corporation, USA, undertook a study report at the end of 1993. The formal contract is expected to be signed in 199...—The project to produce one million lines in program-controlled exchanges by the Qingdao and AT&T Corporation, USA, undertook a study report at the end of 1993. The formal contract is expected to be signed in 1994. Construction of workshops is about to begin in the industrial park. —The Hewlett-Packard Co. of USA has decided to set up a joint venture in展开更多
Dangshan County is situated in the mostnortherly part of Anhui Province, acontiguous area of fourprovinces(Jiangsu, Shandong, Henan andAnhui) and six counties(Fengxian, Shanxian,Yucheng, Xiayi, Yongcheng and Xiaoxian)...Dangshan County is situated in the mostnortherly part of Anhui Province, acontiguous area of fourprovinces(Jiangsu, Shandong, Henan andAnhui) and six counties(Fengxian, Shanxian,Yucheng, Xiayi, Yongcheng and Xiaoxian).The County is named after Mount Mangdangand Mount Dangshan in the territory. TheLonghai Railway and National Highway 310pass through in parallel the central part of thecounty area, and the ancient Yellow Rivercourse lies in the northern part of the country,extending a hundred li(50 km). The totalland area of the county is 1192.94 sq km, ofwhich the cultivated land area is 904 thousandmu. 650 thousand mu of orchards cover thefields linking to the villages. It is major展开更多
In this paper,we discuss the influence of economic,environmental and legal policies of the state on the management of investment projects in the area of industrial construction in Poland.Our empirical study relies on ...In this paper,we discuss the influence of economic,environmental and legal policies of the state on the management of investment projects in the area of industrial construction in Poland.Our empirical study relies on conducting a questionnaire survey.A total of 158 Polish companies dealing with industrial construction took part in the survey.Then,the collected questionnaires were subjected to a thorough analysis and interpretation,with the use of a method called the exploratory factor analysis(EFA).Our research reveals the key factors influencing successful investment project management in the Polish industrial construction sector.These factors have been identified as the“availability of technology in a stable political system”,“stability of the economic and tax systems”,“stable social system policy,stability and transparency of the legal system”and a“well-targeted environmental policy”.A key conclusion that can be drawn from our study is that an efficient management of investment projects in the industrial construction industry is significantly influenced by properly shaped and stable economic,environmental,and legal policies of the state.展开更多
The agricultural high-teeh investment project （AHIP） is eharaeterized by technology-intensive, high risk and great profit. This article analyzes essential factors of the risks of the agricultural high-tech investmen...The agricultural high-teeh investment project （AHIP） is eharaeterized by technology-intensive, high risk and great profit. This article analyzes essential factors of the risks of the agricultural high-tech investment projects and the traditional risk evaluation method of agrtcultral projects. We think that the applications of the sensitivity, analysis and probability ore defer. Therefore; this article introduces a structural model to evaluate the risks of the agricultural high-tech investment projects and the system of the concrete evaluation indexes.展开更多
The effectiveness of evaluating an investment project based on predicting cash flows depends on the uncertainty of its future cash flows. The remoter the cash flows are, the higher the uncertainty is. Because of this,...The effectiveness of evaluating an investment project based on predicting cash flows depends on the uncertainty of its future cash flows. The remoter the cash flows are, the higher the uncertainty is. Because of this, this paper suggests to discount cash flows by applying risky index of time （RIT）. Thus, the discount rate used to discount the distant cash flows is higher that the discount rate used to discount the near cash flows. By this systematic method, the risk caused by the uncertainty of future cash flows can be hedged in making investment decision. To a certain degree, this approach is reasonable in evaluating investment alternatives under uncertainty. Furthermore, the paper puts forward a practical approach on determining RIT in practice.展开更多
Case Method originated in the 1920s and was initiated by Harvard Business School in the United States.At that time,it adopted a unique style of case study,which was based on real situations or events in business manag...Case Method originated in the 1920s and was initiated by Harvard Business School in the United States.At that time,it adopted a unique style of case study,which was based on real situations or events in business management,in this way,it is helpful to cultivate and develop students’active participation in class discussion.For investment students,specialized courses such as Investment Project Evaluation and corporate finance are concentrated in the upper grades,and in the freshman,sophomore phase has completed the Finance,finance,macroeconomics and other basic courses.On the basis of students’existing knowledge structure,the course“Investment Project Evaluation”needs to fully tap students’potential in learning and train students’practical problem-solving ability,to cultivate students’thinking ability of combining theoretical knowledge with practical cases,to avoid the teaching mode of“I tell you to listen”,and to guide students to think,analyze and solve problems actively.展开更多
Investment and construction of power infrastructure are directly related to the achievement of sustainable development goals.China's trade and investment with BRI(Belt and Road Initiative)countries have maintained...Investment and construction of power infrastructure are directly related to the achievement of sustainable development goals.China's trade and investment with BRI(Belt and Road Initiative)countries have maintained growth trend.The development and construction of these investment projects certainly have impacts on the economic development mode and sustainable development goals of the countries.On collecting the basic information of the renewable energy investment projects,this paper compares and calculates the current power technology structure and grid emission factors of the host countries,and analyses the carbon emission level of electricity generation from the perspective of the whole life cycle.Making it as the benchmark,this paper also analyzes the current China's invested wind and solar energy projects and the carbon emission reduction benefits to the host country.The results show that at present,China has about 36 renewable energy investment projects in BRI countries,with an installed capacity of 15.75GW(China as the project owner or investor),and achieve at least 48.69M tCO2 emission reduction.This shows that China's effective investment and implementation of the green projects will provide a strong impetus for the energy transformation and the improvement of their energy security in BRI countries.展开更多
In this paper, two kinds of models are presented and optimized for project investment risk income on the basis of probability χ distribution. One kind of model being proved has only a maximal value and another kind b...In this paper, two kinds of models are presented and optimized for project investment risk income on the basis of probability χ distribution. One kind of model being proved has only a maximal value and another kind being proved has no extreme values.展开更多
Hongkong’s smooth return creates vast prospect and numerous opportunities for Guangdong-Hongkong economic cooperation. Over the past decade the cooperation has gone a long way, from non-governmental to governmental, ...Hongkong’s smooth return creates vast prospect and numerous opportunities for Guangdong-Hongkong economic cooperation. Over the past decade the cooperation has gone a long way, from non-governmental to governmental, from processing trade to high technology. Presently, it has become a highprofile activity which covers various areas.More than 20,000 representatives from 5,063 corporations participated the symposium. And 1,559 agreements, involving $ 13.159 billion, were signed. Of the investment, $8.7851 billion, or 66.8 per cent is from overseas investors. Of the agreements, 810 or 65 per cent, are high new展开更多
(1) The Pearl Revolving Tower on theTaihu LakeContents: The tower is located on top ofYuyang Hill in the Pearl Garden, with aheight of 100 metres. It is the buildingsymbolic of the area, consisting of a towerbase, vie...(1) The Pearl Revolving Tower on theTaihu LakeContents: The tower is located on top ofYuyang Hill in the Pearl Garden, with aheight of 100 metres. It is the buildingsymbolic of the area, consisting of a towerbase, viewing room, tubular structure andpower room. its surrounding展开更多
1. Agriculture, Forestry, Animal Husbandry, Fishery and Relevant Industries 1) Reclamation and development of waste land and hills,transformation of medium-to-low output land and forest; 2) Development of new varietie...1. Agriculture, Forestry, Animal Husbandry, Fishery and Relevant Industries 1) Reclamation and development of waste land and hills,transformation of medium-to-low output land and forest; 2) Development of new varieties of good quality and high output agricultural crops such as cereals, oils, fruits, vegetables, flowers and forage grass;展开更多
No Projects Coopera- Total Invest- Investment Chinese Partners tion Mode ment Predicted Proportion KF3-01 Sewage Treatment Plant J.V. US$30 million Chinese 30% Beijing Economic with land as & Technological investm...No Projects Coopera- Total Invest- Investment Chinese Partners tion Mode ment Predicted Proportion KF3-01 Sewage Treatment Plant J.V. US$30 million Chinese 30% Beijing Economic with land as & Technological investment, 70% Development Zone for foreign partner SZ3-02 Beijing freight transport J.V. US$85 million Through Beijing Traffic Bureau hub of southwest highway negotiation SZ3-03 Beijing southeast international J.V. US$40 million 50% for each ditto container展开更多
No. Name of Project Cooperative Estimated Foreign Invest- Chinese Partner Form Investment ment(USD) (USD)Machine-Building Industry1 Joint production of J.V 2.94 M Shijiazhuang Boiler Works high performance low polluti...No. Name of Project Cooperative Estimated Foreign Invest- Chinese Partner Form Investment ment(USD) (USD)Machine-Building Industry1 Joint production of J.V 2.94 M Shijiazhuang Boiler Works high performance low pollution circulating fluidized bed boiler2 High-voltage insulator J.V 9M 6M Shijiazhuang Electric production line Ceramic Factory3 Enlargement of pro- J.V 18 M 8 M Shijiazhuang Building duction capacity of Machinery Factory air cooled展开更多
During the Eighth Five-Year Planperiod, Shaanxi Province intensifiedthe restructuring of investment andmacro-control in fixed assets investment byimplementing the policy of "limiting totalamount, readjusting stru...During the Eighth Five-Year Planperiod, Shaanxi Province intensifiedthe restructuring of investment andmacro-control in fixed assets investment byimplementing the policy of "limiting totalamount, readjusting structure, rectifying orderand improving efficiency". The wholeprovince realized RMB 110 billion in fixedassets investment, (including RMB 86.5 billionby state-owned units, RMB 14.23 billionthrough loans from the construction bank,making up 16.5 percent), RMB 67 billionmore than in the Seventh Five-Year Planperiod, with an annual increase of 26.5 percent.Thanks to the support, a group of medium-to-large and key projects have been put展开更多
文摘Agricultural investment project selection is a complex multi-criteria decision-making problem,as agricultural projects are easily influenced by various risk factors,and the evaluation information provided by decisionmakers usually involves uncertainty and inconsistency.Existing literature primarily employed direct preference elicitation methods to address such issues,necessitating a great cognitive effort on the part of decision-makers during evaluation,specifically,determining the weights of criteria.In this study,we propose an indirect preference elicitation method,known as a preference disaggregation method,to learn decision-maker preference models fromdecision examples.To enhance evaluation ease,decision-makers merely need to compare pairs of alternatives with which they are familiar,also known as reference alternatives.Probabilistic linguistic preference relations are employed to account for the presence of incomplete and uncertain information in such pairwise comparisons.To address the inconsistency among a group of decision-makers,we develop a pair of 0-1mixed integer programming models that consider both the semantics of linguistic terms and the belief degrees of decision-makers.Finally,we conduct a case study and comparative analysis.Results reveal the effectiveness of the proposed model in solving agricultural investment project selection problems with uncertain and inconsistent decision information.
文摘1 Shandong Shengle Shoemaking Industrial Group Corp. To import two advanced high-grade shoe material production lines, one for dry processing and the other for wet processing, and printing and environment monitoring equipment for the production of high-grade vamp materials. 2 Shandong Yimeng To import production equipment for
文摘(1) Technical transformation of the ICproduction lineChinese enterprise : Tian Guang IC Factorysubordinated to the Gansu Electronics IndustryCorp.Contents : import advanced IC productionequipment and technology to enlarge theproduction scale, achieving an annualproduction capacity of 100 million items ofICs.
文摘—The project to produce one million lines in program-controlled exchanges by the Qingdao and AT&T Corporation, USA, undertook a study report at the end of 1993. The formal contract is expected to be signed in 1994. Construction of workshops is about to begin in the industrial park. —The Hewlett-Packard Co. of USA has decided to set up a joint venture in
文摘Dangshan County is situated in the mostnortherly part of Anhui Province, acontiguous area of fourprovinces(Jiangsu, Shandong, Henan andAnhui) and six counties(Fengxian, Shanxian,Yucheng, Xiayi, Yongcheng and Xiaoxian).The County is named after Mount Mangdangand Mount Dangshan in the territory. TheLonghai Railway and National Highway 310pass through in parallel the central part of thecounty area, and the ancient Yellow Rivercourse lies in the northern part of the country,extending a hundred li(50 km). The totalland area of the county is 1192.94 sq km, ofwhich the cultivated land area is 904 thousandmu. 650 thousand mu of orchards cover thefields linking to the villages. It is major
文摘In this paper,we discuss the influence of economic,environmental and legal policies of the state on the management of investment projects in the area of industrial construction in Poland.Our empirical study relies on conducting a questionnaire survey.A total of 158 Polish companies dealing with industrial construction took part in the survey.Then,the collected questionnaires were subjected to a thorough analysis and interpretation,with the use of a method called the exploratory factor analysis(EFA).Our research reveals the key factors influencing successful investment project management in the Polish industrial construction sector.These factors have been identified as the“availability of technology in a stable political system”,“stability of the economic and tax systems”,“stable social system policy,stability and transparency of the legal system”and a“well-targeted environmental policy”.A key conclusion that can be drawn from our study is that an efficient management of investment projects in the industrial construction industry is significantly influenced by properly shaped and stable economic,environmental,and legal policies of the state.
文摘The agricultural high-teeh investment project （AHIP） is eharaeterized by technology-intensive, high risk and great profit. This article analyzes essential factors of the risks of the agricultural high-tech investment projects and the traditional risk evaluation method of agrtcultral projects. We think that the applications of the sensitivity, analysis and probability ore defer. Therefore; this article introduces a structural model to evaluate the risks of the agricultural high-tech investment projects and the system of the concrete evaluation indexes.
文摘The effectiveness of evaluating an investment project based on predicting cash flows depends on the uncertainty of its future cash flows. The remoter the cash flows are, the higher the uncertainty is. Because of this, this paper suggests to discount cash flows by applying risky index of time （RIT）. Thus, the discount rate used to discount the distant cash flows is higher that the discount rate used to discount the near cash flows. By this systematic method, the risk caused by the uncertainty of future cash flows can be hedged in making investment decision. To a certain degree, this approach is reasonable in evaluating investment alternatives under uncertainty. Furthermore, the paper puts forward a practical approach on determining RIT in practice.
基金Achievement of teaching reform research project in Sichuan University of Science&Engineering[JG1963]。
文摘Case Method originated in the 1920s and was initiated by Harvard Business School in the United States.At that time,it adopted a unique style of case study,which was based on real situations or events in business management,in this way,it is helpful to cultivate and develop students’active participation in class discussion.For investment students,specialized courses such as Investment Project Evaluation and corporate finance are concentrated in the upper grades,and in the freshman,sophomore phase has completed the Finance,finance,macroeconomics and other basic courses.On the basis of students’existing knowledge structure,the course“Investment Project Evaluation”needs to fully tap students’potential in learning and train students’practical problem-solving ability,to cultivate students’thinking ability of combining theoretical knowledge with practical cases,to avoid the teaching mode of“I tell you to listen”,and to guide students to think,analyze and solve problems actively.
基金This work was supported by the National Key Research and Development Program of China[No.2018YFA0606503].
文摘Investment and construction of power infrastructure are directly related to the achievement of sustainable development goals.China's trade and investment with BRI(Belt and Road Initiative)countries have maintained growth trend.The development and construction of these investment projects certainly have impacts on the economic development mode and sustainable development goals of the countries.On collecting the basic information of the renewable energy investment projects,this paper compares and calculates the current power technology structure and grid emission factors of the host countries,and analyses the carbon emission level of electricity generation from the perspective of the whole life cycle.Making it as the benchmark,this paper also analyzes the current China's invested wind and solar energy projects and the carbon emission reduction benefits to the host country.The results show that at present,China has about 36 renewable energy investment projects in BRI countries,with an installed capacity of 15.75GW(China as the project owner or investor),and achieve at least 48.69M tCO2 emission reduction.This shows that China's effective investment and implementation of the green projects will provide a strong impetus for the energy transformation and the improvement of their energy security in BRI countries.
文摘In this paper, two kinds of models are presented and optimized for project investment risk income on the basis of probability χ distribution. One kind of model being proved has only a maximal value and another kind being proved has no extreme values.
文摘Hongkong’s smooth return creates vast prospect and numerous opportunities for Guangdong-Hongkong economic cooperation. Over the past decade the cooperation has gone a long way, from non-governmental to governmental, from processing trade to high technology. Presently, it has become a highprofile activity which covers various areas.More than 20,000 representatives from 5,063 corporations participated the symposium. And 1,559 agreements, involving $ 13.159 billion, were signed. Of the investment, $8.7851 billion, or 66.8 per cent is from overseas investors. Of the agreements, 810 or 65 per cent, are high new
文摘(1) The Pearl Revolving Tower on theTaihu LakeContents: The tower is located on top ofYuyang Hill in the Pearl Garden, with aheight of 100 metres. It is the buildingsymbolic of the area, consisting of a towerbase, viewing room, tubular structure andpower room. its surrounding
文摘1. Agriculture, Forestry, Animal Husbandry, Fishery and Relevant Industries 1) Reclamation and development of waste land and hills,transformation of medium-to-low output land and forest; 2) Development of new varieties of good quality and high output agricultural crops such as cereals, oils, fruits, vegetables, flowers and forage grass;
文摘No Projects Coopera- Total Invest- Investment Chinese Partners tion Mode ment Predicted Proportion KF3-01 Sewage Treatment Plant J.V. US$30 million Chinese 30% Beijing Economic with land as & Technological investment, 70% Development Zone for foreign partner SZ3-02 Beijing freight transport J.V. US$85 million Through Beijing Traffic Bureau hub of southwest highway negotiation SZ3-03 Beijing southeast international J.V. US$40 million 50% for each ditto container
文摘No. Name of Project Cooperative Estimated Foreign Invest- Chinese Partner Form Investment ment(USD) (USD)Machine-Building Industry1 Joint production of J.V 2.94 M Shijiazhuang Boiler Works high performance low pollution circulating fluidized bed boiler2 High-voltage insulator J.V 9M 6M Shijiazhuang Electric production line Ceramic Factory3 Enlargement of pro- J.V 18 M 8 M Shijiazhuang Building duction capacity of Machinery Factory air cooled
文摘During the Eighth Five-Year Planperiod, Shaanxi Province intensifiedthe restructuring of investment andmacro-control in fixed assets investment byimplementing the policy of "limiting totalamount, readjusting structure, rectifying orderand improving efficiency". The wholeprovince realized RMB 110 billion in fixedassets investment, (including RMB 86.5 billionby state-owned units, RMB 14.23 billionthrough loans from the construction bank,making up 16.5 percent), RMB 67 billionmore than in the Seventh Five-Year Planperiod, with an annual increase of 26.5 percent.Thanks to the support, a group of medium-to-large and key projects have been put
