Font Size: a A A

Analysis Of Intelligent Evaluation Model Of The Investment Decision Of Telecom Industry

Posted on:2016-12-14Degree:DoctorType:Dissertation
Country:ChinaCandidate:W JinFull Text:PDF
GTID:1109330467981393Subject:Finance
Abstract/Summary:PDF Full Text Request
In recent years, telecom operators face a slowdown in revenue growth, margins,increased competition, sluggish growth in the underlying business, the impact of themobile Internet era of business as well as telecom operators gradually marginalized,such as pressure and challenges. In this context, the initiative to change carriers inorder to deal with the challenges and changing situation, have put forward the goal ofstrategic transformation. Investment acquisitions by telecom operators Tinto revenueto address the challenges and important means to achieve strategic transformation. Onthe one hand by the lateral investment potential acquisitions to enter the market,telecom operators to achieve the integration of resources and economies of scale,improve business efficiency; on the other hand the resources and capabilities toexpand through vertical downstream sector of the industry chain, to obtain therequired enterprise, established in addition to the traditional voice and data contentand services business advantages outside layout of the mobile Internet, rich userexperience. To this end, telecom companies are relatively rapid industrial upgradingtechnology-intensive enterprises, must invest a lot of money to provide support. Forthe domestic telecom operators, telecom operators in order to improve the carryingcapacity of users, network quality and efficiency of operation and maintenance, theneed to continuously invest a lot of money for their complex network construction,which formed a huge enterprise financial financial pressure. After years of relying onextensive investment-led development, and now, the pressure from the SASAC EVA(economic value added) assessment, shareholder return on investment from thecapital markets and the pressure from market competition leads to telecom operatorsprofits are diluted pressure all while demanding telecom companies in the launch of anew product must also be controlled fixed asset investment spending, increased investment to enhance quality. Therefore, increasing the size and number of projectsin telecommunications investment scientific assessment and evaluation, is becomingincreasingly important.Learn from the advanced experience of foreign telecom companies operatingmanagement, combined with the actual situation, the establishment of a morescientific evaluation of investment processes and systems for solving how to controlthe development of fixed asset investment spending, improve the quality ofinvestment, innovation to meet demand issue of great importance. Scientific andrational, process complete investment assessment system helps to supervise theinvestment management sector through a detailed analysis of the scientific game, areasonable forecast, developed the scale of investment and avoid blind investmentcapital resulting waste.Firstly, in the academic circles at home and abroad on telecommunicationsinvestment theory, investment intelligence model, investment decision-making model,game theory and other theories of economics to sort out the existing theory andresearch there are shortcomings and deficiencies are summarized as follows, fromresearch to Look, first, according to the analysis of existing theoretical ideasgradually developed mainly for business process transformation system are,specifically did not perform a detailed analysis; second, there is no way to solve theproblem from the perspective of the overall system study, only one-way model studyfor feedback model has been no detailed research and analysis; from the researchmethods, most of the reference to the experimental data to test the hypothesis, but thedata needs to be further studied in the provinces. On the other hand, the angle was toosimilar studies, basically on the current status of the model study oftelecommunications investments, did not do a detailed analysis of telecom investmenttrends and investment case analysis, the next step of the telecom companies do notplay a good investment predict. Therefore, the full, in-depth study oftelecommunications investment decision for Telecommunications investment hasimportant significance.Secondly, on the basis of economic theory to sort out on the overall analysis ofthe current situation and development trend of telecom investment industry, case for Vodafone, Japan’s DoCoMo, AT&T acquisition of other global telecommunicationsbusiness investment success and failure are analyzed, a systematic review of recentforeign a typical case of mergers and acquisitions in the telecommunications industryinvestments, mergers and acquisitions analysis of investment trends and specific casestudies relevant trends, analyzes the causes of success and failure of investment,summed up horizontal, vertical and other investment trends, investment opportunitiesfor the company to expand to provide support. Then through the Asia-Pacific carriers,North American carriers, Western operators, Internet companies, systemsmanufacturing and terminal manufacturers to invest in new areas of case analysis tothe future direction of investment guidelines for telecommunications companies, andthe investment process, and how to evaluate the performance of offer research base.Again, this paper established an innovative game model for thetelecommunications industry, investment analysis, and an example to prove thereliability of the model. Using the model analysis concluded that a singletelecommunications enterprises through increased investment in their owndevelopment, if we can not take full account of the game industry’s response, not onlylead to repeat their own powerful investment industry, the industry as a whole mayalso lead to negative effects.Finally, in order to prove the contribution of science and rational investment inthe telecommunications industry to economic growth, we use31provinces and citiesin China,2005-2011panel data and estimate the system build structural equationtelecommunications investment and economic growth, the study impact oftelecommunications investment on China’s economic growth should come to increaseinvestment in the telecommunications industry conclusions. Sub-regional studyshowed that there impact on economic growth of telecommunications investmentdistinct regional disequilibrium, the effect of economic growth in western investmentin the telecommunications area is much larger than the central and eastern part, whilethe eastern region telecommunications investment into a teledensity of more efficientthan central and west. Thus, the need for further structural configurationtelecommunications investment must be considered.In summary, this paper combined with the method of theoretical analysis and empirical analysis, theoretical analysis is based on data and model analysis as ameans to evaluate investment in the telecommunications industry as a starting point,the changes in the telecommunications industry market structure as an influencefactor analysis demonstrated Telecom operators investment decision-making behavior,trying to achieve the establishment of a scientific discovery investment growth model,project tracking telecommunications investment evaluation and analysis methods,such as the establishment of option game market structure established three goals.
Keywords/Search Tags:Telecom investment, Intelligent decision, Evaluation model, Investmentanalysis, Game analysis
PDF Full Text Request
Related items