A Research On Transportation Investment And Finance

The backwardness of transportation facilities has become a key factor which blocks the further development of economy; moreover, what is the biggest problem in the development of transportation is capital shortage. It has become a key issue of how to apply the theories of economy and scientific management to analyze the subject of decision-making in transportation investment and finance.The dissertation discusses in great length about decision-making in both transportation investment and finance and their risks with qualitative analysis and quantitative method. Based on that, it comes to its conclusion and offers some suggestions.Theoretically, the paper firstly studies the characteristics of transportation investment and analyzes the major factors determining its scale with their regularities. This reveals how to optimize the profit by a reasonable distribution of a limited capital in various links of transportation industry. Meanwhile, it studies the composition and the calculation method of the time lag of transportation investment. Next, the paper touches the issue of decision-making in transportation investment. Investors' preference is fully considered in the paper. Since the capital used by the investors is elastic, it can be treated as a fuzzy function. As a result, a large-scale, non-linear and multi-objective model of investment portfolio decision is established with the fuzzy parameters of its characters. Solutions are provided for the model. Thirdly, the issue of finance decision is dealt with from three aspects of cost, means of choice and merger & acquisition. Departing from the analysis of the factors influencing financing through loans, the paper proposes a method for quantitative study of loan cost with a view to find a more scientific and practical way of choosing loans. Based on that, the paper makes a multi-objective synthetic evaluation of the ways of transportation project finance to establish the appraisal system and the decision-making model, and optimize them. Finally, the risks involved are discussed. Through studying the projects' risks, we can adjust the appraisal discount thus improve the scientificalness of project appraisal and decision-making, reducing subjectivity.The main innovations in the paper are listed below:1. The large-scale, non-linear and multi-objective model of investment portfolio in transportation based on fuzzy parametersIt is such an overall method that provides its policy-maker not only with the local information but also the approximate information of the entire α -non-poor solution. Therefore, the policy-maker can have an accurate understanding of the preference and remove the phenomenon called vacation to restrain to reach a solution truly reflecting the policy-maker's preference.2. The quantitative research method of analyzing loan costIn order to use loans effectively and reasonably, the paper studies the factors influencing loan costs and then proposes a quantitative method of loan cost analysis—loan current value repaying rate analytic method—with an application sample. It is so effective, scientific and convenient that...