Study On The Financing Strategy Decision And Economic Effect Evaluation Of Provincial Power Grid

Nowadays the current economic growth enter the low speed stage,the indust r ia l structure adjust,the third industry investment in fixed assets is recovering,the second industry continue to fall.The power grid companies are facing financing demand expandin g,frequent changes in market and cost control requirements of ascension.Strengthen the power grid company's financing decision-making ability,providing a strong financ ia l support for the enterprise's sustainable development,improving the level of power grid company capital control,is of great significance.Through the power grid company's actual survey,we found that the provincial power grid company set up the annual funding plan with only a historical financial data and experience to make decisions,which decisio nmaking basis is too simple,it will lead to high cost of financing.Grid company need to look at the shortage of the current financing strategy decision and evaluation,to establis h scientific and reasonable system of financing strategy decision and economic effect evaluation system,reduce the financing cost,improve the financing efficiency,and satis fy the demand for investment,stabilize the financial management.The purpose of this paper is to carry out the research of the provincial grid company's financing strategy decision and economic effect evaluation.First,we studied the financ in g management mode,financing channels and financing structure at power grid company.Second,we analyzed the closely associated with the financing strategy of power grid enterprise internal and external environment,including external economic environme nt,monetary conditions and internal financial environment,investment environme nt,especially put forward the financing plan time balance,discussed the timing of payment of engineering investment.Third,in view of the current grid environment,a variety of financing strategy scheme,and financing strategy decision model is established.It came up with different scenarios of different types of financing strategy,used the cash flow forecast models quantify the financing strategy,and then exploited the cost of financing,financ in g efficiency,financing risk and capital structure of the four index system to describe the pros and cons of the financing strategy,and chose preferential financing strategy decision based on grey correlation improved TOPSIS method.Fourth,we build the economic effect evaluation model of financing strategy,set up a three classes index of economic effect evaluation system of financial level,capital management,risk measurement and used the combined method of G1-entropy value method to empower,fuzzy attribute measure evaluation model is proposed for evaluation in each of the financing economic effect and the evaluation results were analyzed.Through the study of this paper,we has been clear about the current grid environm e n t,with a comprehensive analysis of the provincial grid power company's financing management mode.It would help to improve the level of financing the lean manage me nt of the provincial power grid companies.The financing strategy decision method and the economic effect evaluation method in this paper,can be applied to the regional power grid,to achieve a reasonable and orderly financing plan arranging,meet the demand of investment and reduce the cost of financing,support grid power investment construct io n,which guarantees a steady supply of electricity in our country.