Research On Investment Decision Of Wastewater Treatment Project In Power Plant

Has entered the new century, China’s rapid economic development, the society to achieve unprecedented prosperity, the development of economy, the growth in wealth promoted the prosperity of the society and the improvement of people’s life quality, however, at the same time, the development of economy also greatly at the expense of the environment and resources. All kinds of resources are unrestrained exploitation, ecological environment suffered serious destruction, water resources is one of the valuable resources being abused by excessive mining. In recent years, with the development of scientific knowledge, to improve water environment and increase the intensity of the construction waste water treatment project. In our country, the government investment is biggest sources of funds for the wastewater treatment work, the BOT mode is the basic model of wastewater treatment work. At present, the government is actively promoting wastewater treatment the diversification of the diversification of funding sources and project operation mode, in order to adapt to the demand of market economy, speed up the progress and development of wastewater treatment. Throughout the development situation of the wastewater treatment money problem is a big factors, therefore, wastewater treatment investment decision making problems become the focus of the debate in this field.This thesis in to our country wastewater treatment investment in the field of development status and its influencing factors of in-depth analysis on the basis of and apply the real option theory and method, built a wastewater treatment investment growth option model. Firstly, the option characteristics of pollution control BOT project are analyzed. According to the actual situation of wastewater treatment BOT project, the model is further divided into two types, one is the model of single growth option, the model of sequential growth option, and the parameters of the model are analyzed in detail. With construction investment decision model to a city intends to construction of water treatment projects for the evaluation and analysis, combined with the net present value method were compared. The results show that the model in wastewater treatment field of investment has the superiority. At the same time, the sensitivity analysis of the parameters in the model is carried out. Among them, the rate of return volatility, risk-free rate of return and other two variables are the strongest. The research in this thesis, to a certain extent, improve and complement the development of related fields, which has important theoretical and practical significance.