查询词典 advanced options

Therefore, it can be regarded as a great improvement of the investment decision-making theory and methods .This article makes a systematic research on real options theory and method and its application, including the following several main aspects:Firstly, it makes a detailed discussion about the common theoretical basis of financial options and real options, including no-arbitrage equilibrium principle, risk-neutral definition, complete market and dynamic tracking.Secondly, it analyze three basic characteristic of investment decision-making in modern market economic system: irreversibility, uncertainty and flexibility, and from the angle of their mutual quantitative and qualitative interactions, it makes a comparison between the traditional NPV methods and real options methods and makes a summary of the general analytical methods of real options.Thirdly, it discusses the all elements in the application of real options such as the ^leakages in value of real assets, basis risk, and private risk, and furthermore, it attempts to put forth a normalized strategy of its application and construct a basic framework of its application.Fourthly, it applies real options theory to strategetic investment of enterprises and the buy-out of company, putting forth a value model for strategetic investment program and making a concrete analysis of its application to buy-out. Furthermore, it advocates that a flexible investment decision-making system should be setup according to real options theory in our country.

本文对实物期权理论和方法及其应用进行了系统研究，主要内容包括如下几个方面：(1)详细讨论了金融期权和实物期权共同的理论基础，主要包括无套利均衡原理、风险中性定义、完全市场以及动态复制方法，对这些理论方法的探讨既是本文的出发点和基础，它们提供了研究实际应用实物期权的一个基准点，也是贯穿全文的线索和灵魂；(2)分析了现代市场经济体系中投资决策的三个基本特征即不可逆性、不确定性和时机选择，并从它们数量上和质量上相互作用的重要意义的角度，分析了传统的净现值法与实物期权方法的差异，指出了净现值法在不确定环境中存在的缺陷及实物期权处理投资灵活性的价值，并将净现值法纳入实物期权投资分析决策体系当中，总结了企业投资决策实物期权的一般分析方法；(3)探讨了实物期权应用中要考虑的各种要素，如实物资产的价值漏损、基差风险和非市场风险等，并进一步提出了实物期权应用的规范化策略和构建了一个实际应用实物期权方法的基本框架，尝试将期权的基本原理与企业在现实经济环境中投资决策的要素结合起来，从而可以在一定程度上超越期权的复杂的数学计算而汲取期权思想的精华，从而促进期权决策方法在实际投资决策中的应用；(4)将实物期权方法应用于企业战略投资，得出了战略投资项目的价值模型，指出可以将实物期权理论和方法应用于企业并购，分析了应用的具体方面，并提出应根据实物期权理论建立一套适合我国企业的灵活的投资决策系统。

Exchange traded options include: stock options, commodity options, bond options, interest rate options index options, currency cross rate options, and swaptions.

外汇买卖的期权包括：股票期权，期货期权，债券期权，利率期权指数的选择，交叉货币利率期权，掉。

Introduces the notion of Feynman's path integrals and path integrals approach to financial modeling; Derives the path-dependent options pricing formula by making use of the Lagrange form of path integrals; Discusses Ilinski(2003)'s Gauge model which based on path integrals and fibre bundle, and its application for real-options evaluation; Summarizes the general modeling framework of options evaluation, taking advantage of the Hamilton form of path integrals; Applies the Geske-Johnson's analytical approximation in the path integrals form to the real-options evaluation for investment decisions, detailed procedure is presented under the assumption that underlying asset price dynamic follows a geometric Brownian motion, and the integral reduction for multivariate normal integrals and polynomial approximation for real-options evaluation is given.

系统论述了路径积分概念方法及其在期权估值中的应用，利用路径积分方法的Lagrange表述推导了路径依赖期权定价公式：探讨了基于路径积分和纤维丛的Gauge模型思想方法在实物期权价值评估中的应用；利用路径积分的Hamilton表述形式，总结了基于Hamilton表述的期权估值一般化框架；基于路径积分的形式框架建立了一个新的投资期权估值模型，并在具体的估值算法中给出了多重正态积分的降阶计算和期权价值的多项式逼近方法。

Option Contracts:—Equity options;—Stock index options;—Foreign currency options;—Options on futures contracts;—Option-based interest rate contracts:●Caps and floors;●Collars: special combinations of caps and floors;●Swaption: Options that allow the holder to enter into a swap contract at a later date.

期权合约：—股票期权；—股票指数期权；—外汇期权；—期货合约期权；—基于利率合约的期权：●利率顶和利率底；●利率套：利率顶和利率底的特定组合；●互换权：允许持有者在一个日期以后进入互换的期权。

The advanced sex of advanced productivity and party is close and associated, the advanced sex that advanced productivity is a party bilks the corporeal foundation with generation, the concentration of the advanced sex that developing advanced productivity is a party is reflected, it is to maintain hold the basic requirement of advanced sex mixes the political party basic approach.

先进生产力与党的先进性密切关联，先进生产力是党的先进性赖以产生的物质基础，发展先进生产力是党的先进性的集中体现，是保持执政党先进性的根本要求和根本途径。

Since the newly formed collective received awards are: 2000: third prize art display area, the first variety show to town, the town of Games Group Total third, Longjiang Town, an advanced school; in 2001: the guard of honor Parade Town The first, physical inspection and the town of Wei first prize, the town will be shipped the first group Total, Shunde District, a small team of advanced brigade department, the variety show area second prize, Shunde District Arts Contest "second-class Golden Phoenix Award", Shunde District, green schools, Shunde District, experimental work of outstanding schools, Shunde District Health advanced units, Longjiang Town, an advanced school; 2002: The show is the town of the first prize, first prize for the honor guard Parade town, towns, morning exercises, inspections and assessments in the first primary school students 1, the town will be shipped second group Total, literature and art show area first prize, dance, creative program "Water Village Bamboo Doll" won the primary and secondary schools, Shunde District, first prize for the variety show made the town more than 10 years of my primary and secondary schools to participate in District Arts Jiang's speech of the highest award, as well as advanced literature and art, Longjiang Town, schools, art schools, Longjiang Town, Shunde District, Wei body of advanced school, Shunde District, a school, Shunde District, an advanced school; in 2003 the town has awarded the hosting of the Games for the overall points first, dance, literary and artistic creation show the program "sweet cane greedy Doll" was the first town, the first prize.

新组建以来所获得的集体奖项有：2000年：文艺汇演区三等奖、文艺汇演镇第一名、镇运会团体总分第三名、龙江镇先进学校；2001年：仪仗队汇操镇第一名、体卫工作检查镇一等奖、镇运会团体总分第一名、顺德区少队先进大队部、文艺汇演区二等奖、顺德区文艺创作大赛&金凤二等奖&、顺德区绿色学校、顺德区实验工作优秀学校、顺德区卫生工作先进单位、龙江镇先进学校；2002年：文艺汇演镇一等奖、仪仗队汇操镇一等奖、镇小学生早操检查评比第一名、镇运会团体总分第二名、文艺汇演区一等奖，舞蹈创作节目《水乡竹娃》获顺德区中小学生文艺汇演一等奖，取得了我镇10多年来中小学参加区文艺江演的最高奖项，还有龙江镇文艺先进学校、龙江镇先进学校、顺德区体卫工作先进学校、顺德区一级学校、顺德区先进学校；2003年又喜获镇运会团体总分第一名，文艺汇演舞蹈创作节目《甜甜蔗馋娃娃》获镇第一名、一等奖。

For the security market with restricted borrowing and short sale unallowed, Options pricing formula are advanced, and the relation between them and Black-Scholes Options pricing formula is discussed. The essence of Black-Scholes Options pricing formula is set forth. To the security market with restricted borrowing and short sale unallowed, stock returns risk pricing formula is advanced and the demonstration analysis of China security market is provided. From the demonstration analysis, arbitrage exists in China security market, which can be applied to explain the riddle of a great deal of China bank money and hot money swarming into China security market.

本文在B-S期权定价的基础上，直接利用股票本身的参数推导出股票收益率风险的定价公式；对不允许融资和卖空的证券市场，给出了看涨期权和看跌期权的定价公式，并讨论了他们和相应B-S期权定价公式之间的关系；对B-S期权定价公式的本质做出了阐述；对不允许融资和卖空的证券市场，给出了股票收益率风险的定义；利用股票收益率风险的新定义，对中国证券市场进行实证分析，得出中国证券市场存在套利，解释了2006年和2007年中国大量银行资金和国外热钱流向中国股市之谜。

Mr. Jagannath is currently considered in the top 5 options traders on Comex Gold options, one of the premier market makers of cross atlantic oil arbitrage (NYMEX/IPE BRENT : WTI spreads), one of the first to make long dated markets in Petroleum crude oil and distilate (from 1 month to 5 years. He also holds the daily record on CME IMM Options Market with 110'000 options traded in one single day.

Jagannath先生目前是纽约商品交易所排名前5位的黄金期权交易商，跨大西洋原油(NYMEX/IPE BRENT ： WTI spreads)套利交易的主要做市商之一，首批原油长期做市商之一（提供1个月至5年的原油和蒸馏油合约），目前依然保持芝加哥商品交易所国际货币市场部单日交易110，000手期权合约的纪录。

Zhuji has been named "the pearl of Rural China","Chinese township of Socks","Chinese Torreya grandis town","Chinese tea village pollution-free","Chinese famous town shirt","Chinese folk art village "and" construction capital of Zhejiang Province ", Zhejiang Province, the first batch of" education Strong City,"the first in Zhejiang Province" Technology Strong City ", Zhejiang Province, the first batch of" Sports Strong City,"won the" national basic education advanced counties and cities ","national scientific and technological progress advanced counties and cities","national family planning services advanced counties and cities","National Rural Chinese medicine advanced counties and cities","advanced the work of national grain production counties and cities","National Environmental comprehensive harnessing of outstanding City""National Health advanced cities,""National Model City community building," and so on.

诸暨先后被命名为&中国珍珠之乡&、&中国袜业之乡&、&中国香榧之乡&、&中国无公害茶叶之乡&、&中国名品衬衫之乡&、&中国民间艺术之乡&和&浙江省建筑之都&、浙江省首批&教育强市&、浙江省首批&科技强市&、浙江省首批&体育强市&，荣获&全国基础教育先进县市&、&全国科技进步工作先进县市&、&全国计划生育优质服务先进县市&、&全国农村中医工作先进县市&、&全国粮食生产工作先进县市&、&全国环境综合整治优秀市&、&全国卫生先进城市&、&全国社区建设示范市&等称号。

Options XSERVER # support for X server on a vt console #options FAT_CURSOR # start with block cursor # If you have a ThinkPAD, uncomment this along with the rest of the PCVT lines #options PCVT_SCANSET=2 # IBM keyboards are non-std

当连接到网络上许多计算机时，这个驱动程序也常是很有用的，这是因为许多的计算机上的termcap或是terminfo并没有sc0 的资料――而vt100的资料几乎所有的平台上都支持。

Summary In copyright infringement cases,if the alleged infringer uses or even plagiarizes the copyrighted works or parts thereof,which causes no substantially adverse effect on the normal exploitation of the work,nor does it inflict any substantial damages to the right owner,the de minis doctrine should be applied to exempt the liabilities of the defendant and seek the balance of interests between the right owner and the general public embodied by the copyright law.

在侵犯著作权案件中，如果被控侵权行为人虽未经著作权人的同意，使用甚至抄袭了受著作权保护的作品或作品的片段，但若情节轻微，未对该作品的正常使用产生任何实质不利的影响，亦未对权利人的权利造成实质性的损害，则应适用&不计琐细原则&，免除行为人的责任，以寻求在权利人利益与著作权法所体现的社会公共利益之间的平衡。

This new product will become our best seller.

这个新产品会成为我们最畅销的产品。