Managing tourism investment opportunities under uncertainty: a real options approach

This paper provides an empirical example of the valuation of real options in a large‐scale tourism project. The main aim of this article is to elaborate the investment decision process in the evaluation of a ski centre enlargement project by employing elements of the real options methodology. Monte Carlo simulation was used to value the options as it offers the flexibility to directly simulate the uncertainty factors. Traditional discount cash flow analysis points the investment as profitable, although the real options approach proves it as not economically feasible. Copyright © 2006 John Wiley & Sons, Ltd.     

关于品牌伦理的思考

随着改革开放的深入和市场经济的迅猛发展,我国企业品牌管理正面临着许多新的问题,其中品牌伦理对企业品牌管理的重要性日益突出。品牌伦理是在道德意义上指导品牌企业经营者进行适当决策和行为的原则,品牌企业经营者的决策和行为不仅要符合个人和组织的利益,而也要符合整个社会的利益。只有建立规范的品牌伦理,进行符合品牌伦理要求的品牌传播、策划、经营,企业才能在竞争中立于不败之地。     

Three discount methods for valuing projects and the required return on equity

In this paper we discuss the required return on equity for a simple project with a finite life. To determine a project’s cost of equity, it is quite common to use Modigliani and Miller’s Proposition II (1963). However, if the assumptions of MM do not hold, Proposition II will lead to wrong required returns and project values. This paper gives an example of how the cost of equity should be determined in order to obtain correct valuations. The methods we apply are the Adjusted Present Value method, the Cash Flow to Equity method and the WACC method.     

国内外炭黑产需市场现状

本文分述了世界炭黑生产和需求现状和预测、我国炭黑生产和需求现状、我国炭黑生产扩能趋势，以及气相白炭黑的发展前景。     

中部欠发达地区新农村建设中“管理民主”的调查与思考

管理民主是建设社会主义新农村的重要内容,也是建设社会主义新农村的政治保证。文章以中部典型欠发达地区——黄冈市为例,深入阐述其管理民主的发展现状,剖析存在问题的原因,并就管理民主建设提出若干对策措施,为中部其他欠发达地区提供参考。     

Design and implementation of the Expanded Public Works Programme: Lessons from the Gundo Lashu labour-intensive programme

This article examines the design and implementation of the Expanded Public Works Programme, drawing from the lessons of the Gundo Lashu programme on labour-intensive construction in the road sector. The aim of the study was to examine major barriers to the design and implementation of the programme. The article is based on the analysis of data that were gathered from the Gundo Lashu programme. The data were collected using a structured questionnaire, face-to-face interviews with the project participants as well as reviewing key secondary data from the project documents. The study found that the projects under the Gundo Lashu programme have clearly demonstrated the importance of labour-intensive approaches, especially in the road sector. However, these projects were constrained by a wide range of challenges, ranging from a lack of community participation to poor product quality and inadequate planning for sustainable financing.     

论历史逻辑

历史逻辑是以历史时间的历时性和共时性统一为基础的概念推论,研究关于叙述史中基本概念之间的意义关系和推论规则。过去、现在和未来是历史逻辑的基本范畴,“过去-现在-未来”三段式是历史逻辑的基本公式,它是概念逻辑推论三段式“正题-反题-合题”在历史逻辑中的具体形式。历史逻辑研究的目的,是根据特定历史时段的特殊性,建构以不同时段概念为逻辑变项的历史逻辑,预见未来的发展,规划现在的实践。     

南京市高尔夫俱乐部可持续发展探析

南京市高尔夫俱乐部技术指导状况欠佳,文化氛围不够浓厚,专业人才短缺,政策法规不够完善。应抓住青奥会时机,加大宣传力度,矫正不良高尔夫形象,争取政策支持,建立高尔夫产业链,提高教管人员综合素质,提高市民的高尔夫球运动参与意识,制定适合高尔夫球场发展的战略,为球场的可持续发展创造有利条件。     

关于大学生就业能力的调查研究——以北京某高校为例

大学生就业能力的高低直接关乎大学生在求职过程中的成败。在提出大学生就业能力模型和评价指标的基础上,对北京某高校大学生进行问卷调查,通过统计数据了解大学生所具备的就业能力现状,探析高校提升大学生就业能力的途径。     

我国个人信息权保护现状及体系建构探究——基于网络侵权语境的分析

伴随互联网和信息社会的飞速发展,网络侵权现象愈加增多,个人信息权愈加脆弱,首要问题在于个人信息权在民事基本权利中的缺位,其次是法律制度缺陷及行业自律的滞后。在梳理评价我国当前个人信息权保护现状基础上,明确个人信息权的法律地位、推进《个人信息保护法》立法进程、重视特殊领域个人信息权保护、弥补刑法保护漏洞和构建于法律适应之配套制度将是应对形势发展的上策。