| 随机利率下投资项目价值研究 |
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| 引用本文： | 曹国华,章文芳,陈艳丽. 随机利率下投资项目价值研究[J]. 技术经济, 2011, 0(4): 73-76 |
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| 作者姓名： | 曹国华 章文芳 陈艳丽 |
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| 作者单位： | 重庆大学经济与工商管理学院 |
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| 基金项目： | 国家自然科学基金资助项目“可转换债券融资与项目柔性投资的互动机理研究”(70571089) |
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| 摘 要： | 运用二叉树理论对服从Vasicek利率模型的利率运动过程进行了描述;根据利率的特点对各阶段各结点处的利率进行了估计,并同样运用二叉树理论对项目标的资产价值运动过程进行了分析,进而建立了随机利率下的项目价值估计模型。
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| 关 键 词： | 二叉树 随机利率 实物期权 项目评价 项目管理 项目价值 |
Research on Value of Investment Project with Stochastic Interest Rate |
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| Cao Guohua,Zhang Wenfang,Chen Yanli. Research on Value of Investment Project with Stochastic Interest Rate[J]. Technology Economics, 2011, 0(4): 73-76 |
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| Authors: | Cao Guohua Zhang Wenfang Chen Yanli |
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| Affiliation: | (College of Economics and Business Management,Chongqing University,Chongqing 400030,China) |
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| Abstract: | This paper describes the movement of interest rate in Vasicek interest rate model by the binary tree theory.And it obtains the interest rate at each node according to the characteristics of interest rate.Also it analyzes the underlying asset value of project by the binary tree theory,then establishes a pricing model of project value under the stochastic interest rate. |
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| Keywords: | binary tree stochastic interest rate real option project evaluation project management project value |
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