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The Study Of Way Of Technical Asset Evaluation

Posted on:2004-02-28Degree:MasterType:Thesis
Country:ChinaCandidate:J P CaiFull Text:PDF
GTID:2156360095960358Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Technical asset evaluation is a difficulty of asset assessment. Basing on the study of exciting, the paper not only summarized the definition, the characteristic and the sort of the technical asset but also the theory of asset evaluation. It is very important to choice precise methods to evaluate technical asset. Due to the characteristic complexity of technical asset, there is no uniform method and formula to get. Combining the characteristic of technical asset. Combining the traditional ways in asset evaluation and the characteristic of technical asset, the paper studied the method of technical asset evaluation.The method of cost is a way that the value is up to the refashion the asset and depreciation. The paper expatiate how to calculate the cost of refashion and the value of depreciation and how to apply the method of cost. But characteristic of technical asset determined the localization that is it is difficulty to identify and measure. The method of cost base on three basic qualification, but it isn't satisfied in technical market in our country. However, the method of cost has good foreground in the future, so the paper use the cluster analysis to expatiate how to choice asset of reference.The method of profit evaluation takes into account of the potential of profit, and become the appropriate way to evaluate technical asset in present. Being optionally in acquiring the numerical value of parameters. The paper expatiated how to confirm and calculate these parameters such as durable years and discount rate of technical asset. There isn't external in profit calculation in tradition, back propagation training can avoid. We know that the profit base on sustained run a company, but that is not the matter of fact, moreover, the profit forecast is no persuasion at all. So the localization of the method of profit is obvious.The risk of technique and market result in uncertainty of profit of future, so serious shortage is inherent in the method of profit evaluation. Comparing technicalasset with options, we can easily find out the technical asset bear characteristic of options, while it's a basic to evaluate technical asset with options way. On the theory of the options, the paper discusses Black-Scholes' formula and dynamic programming way to evaluate technical asset, dynamic programming way solve the problem that how to evaluate under the multistage and uncertainty. The key to realize the way of option is to calculate the risk of technical asset. There is deficiencies to apply the option to asset evaluation But the most important thing is the options offer the idea how to evaluation the enterprise investments that are long-time, strategic for technical asset. The way of options pricing have being challenge and complement the traditional means.To expatiate and how to evaluate with the way of profit and options, the paper use a case to introduce the program and content that an integrate assessment should be involved. Neural network and regression be used to forecast the profit in the paper. From the usage of option and the way of profit, from the course of two ways in the case, we can easily find the different and the point of two ways. The pivotal distinguish is that the option materialize neat in manage and decision-making, while the profit not.
Keywords/Search Tags:technical asset, asset assessment, the way of profit evaluation, options, neural network
PDF Full Text Request
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