技术商品定价的及期权定价理论在技术商品定价中的应用.docx

北方交通大学
硕士学位论文
技术商品定价的研究及期权定价理论在技术商品定价中的应用
姓名:裴琳琳
申请学位级别:硕士
专业:技术经济及管理
指导教师:张梅青

塑矍 : 望!之丑妁
{
\现代技术成果是创造性劳动的结晶,是促进经济发展的最深厚的
源泉和最强大的动力。,首要的问题是价格如何确定,这是进行技术贸易的前提,是技术贸易活动的理论核心和实质。目前对于技术资产价格评估方法处于探索和试用阶段,基本上套用了一般资产评估方法,即收益现值法、重置成本法和市场法,理论和方法都不够成熟。因此寻找一种适合于技术商品特点的定价方法成为技术定价领域亟待解决
的问题。},
本文分别对三类基本窟俭左选在技术定价方面的应用情况进行了描述,分析和比较了它们在技术商品定价方面各自的特点和不足。认为技术商品自身有许多期权特点,尤其与支付红利的美式看涨期权有许多共同之处,因此在介绍了期权定价模型的几种主要形式、对比了
技术商品与美式看涨期权的共同点之后,提出了将期权定价理论应用于技术定价的新理念,并为期权定价理论在技术商品定价中的具体应用进行了说明和阐述。文章最后分析了期权定价理论用于技术定价尚
存的问题。
关键词:技术商品技术商品定价期权定价模型 V √
垒堕翌!!
Abstract
The modern science and technology are the fruit of people’s creative work,and they are the most profound headspring and the most powerful impetus to promote the economic technology is a kind
of asset with an information forill modity to be merchandised in
the technical first problem iS how to make a price for iS the promise of technical trade and the significance of position of t11is dissertation.
At present the pricing approaches for technical asset are still in the searching and probative period and the theory is not mature or essful. The general asset evaluation methods continue to be used,such as return—based,cost-based,and market-based pricing this
Firstly the conception,category and specialty of modity
are narrated,the characteristic and influencing factors of the modity’S price are analyzed,and the principles of pricing and paying patterns of technical trade are ,tlle three traditional basic types ofapproaches for technique pricing ale the ODtion Pricing Model iS introduced and the option traits that exist in
modity are the base of the sameness between option and modity,it is put forward that OPM can be introduced into the modity pricing area,which is the
originality ofthis dissertation.
Keywords:modity,modity pricing,
OPM(Options Pricing Model)
研究背景及意义
1 研究背景及意义
当代科学技术突飞猛进,