But we have a real project, with a net present value much higher than our market capitalisation today, he said. 但我们有一个真实的项目,其净现值远远高于本公司目前的市值,他表示。
For evaluation of venture, it applies real options to evaluate instead of traditional net present value that is not suitable for venture capital and tests and verifies real options both theory and demonstration. 对于风险企业的价值评估,提出传统的价值评估方法净现值法不适用于风险投资,应用实物期权理论,并且从理论与实证两方面进行了分析与验证。
Real estate exploitations have high risk and its exploitation environment is quite uncertain. The traditional investment value methods, such as the net present value and discount cash flow methods, usually undervalue the real estate value. 房地产开发是高风险,其开发环境具有高度的不确定性,传统的投资项目价值评估方法如净现值法或折现现金流法常常低估了房地产的投资价值。
Based on the inherent characteristics of real estate investment, the paper presents the probability-weighted present value analysis models of decision tree, dissected the decision-making train of thought and functions for these models through a case-study analysis. 本文根据房地产投资的基本特点,提出了一组决策树概率加权现值分析模型,并以案例分析为依据,剖析了这组模型的决策思路及其作用。
Third, there are two parts in the value of a forestry project evaluated by real option analysis, one is net present value gained through traditional evaluation method, the other is option value which can accommodate dynamic of the decision. 第三,运用实物期权评价法得出的林业投资项目价值包括两部分内容:一部分为传统静态被动的NPV现金流,另一部分为适应决策灵活性的期权价值。
Third, analyze of the shortcomings of NPV. The paper described that real option approach can make up for deficiencies in net present value method from six aspects, is suitable for investment analysis of the industry. 接着,分析了净现值法存在的缺陷。从六个方面来阐述实物期权理论弥补了净现值方法的不足,更适用于可再生能源项目的投资分析。
As the US real estate market enters winter, along with the fall in housing price, one third plus house-buyers who bought houses in recent five years were in debt that surpassed the house present value, confronting negative assets. 美国房地产市场进入萧条期,随着房价的下跌,超过1/3近五年买房的美国购房者负债超过房屋现价值,呈现负资产的状况。
In additional, we define a fuzzy evaluation function through a combination of fuzzy real option theory and fuzzy net present value method. 通过结合模糊实物期权理论及模糊净现值方法定义一种模糊评价函数。
The third section conformed the real rationality existed in conventional artistic education by using the Western modern and present psychology and pedagogy, projecting its present value. 第三部分是以现当代西方的心理学、教育学等理论来印证传统美术教育存在的现实合理性,凸现出其现代价值。