摘要
在介绍了实物期权理论产生和发展的基础上,论证跨流域调水工程中应用实物期权理论进行风险管理的必要性和可行性;其次研究如何利用实物期权理论构建水权期权和基于Black-Scholes模型进行水权期权定价;最后,分析和展望在跨流域调水工程风险管理中运用实物期权理论时应该注意的问题。
Based on an introduction to the generation and development of real option theory,the necessity and feasibility of risk management in the project of adjusting the water resources in different basins are demonstrated.Establishment of the water option by real optional approach is studied,and a price on the water option based on the Black-Scholes model is established.Finally,it is put forward that much attention should be paid to the application of the real optional theory in the risk management of water resource projects in different basins.
出处
《水利经济》
2006年第5期61-62,65,共3页
Journal of Economics of Water Resources
关键词
实物期权
风险管理
水权期权
real option
risk management
water price option
