不复杂的

The regional economy is an outstanding feature because China is one of the developing countries which has a vast but complicated territory and a large misdistribution population; she has rich but not enough in national resources, has a long history but she is the uneven development.

区域经济是中国当前经济发展的主要特征，这是因为中国是一个地域广阔而地形复杂、人口众多却分布不均、资源丰富而人均不足，历史悠久而发展不平衡的发展中国家。

The fraction is not described, but in the Celtic Rite there was a very complicated fraction, and in the Mozarabic the Sacred Host is divided into nine particles, seven of which are arranged in the form of a cross.

分数不是描述，但在凯尔特人队礼是一个非常复杂的分数，并在摩沙拉神圣主机分为9个粒子，其中7个排列形式的十字架上。

Osmotically, this latest betrayal will compound the question that all voters now ask about all politicians: why can't they keep a promise?

osmotically ，这一最新的背叛，将复杂的问题，所有选民，现在问及所有从政：为什么不能保持诺言？

During this time, the controversy ovey"Tradition" and "Originality";"National Style" and "International Style";"Figurative" and "Abstract";"Like, Unlike" and "Direct Expressing" etc. had built up more complicated barriers to art appreciation.

在此期间，有关&传统&与&创新&，&民族化&与&国际风格&，&具象&与&抽象&，&似与不似&与&直接的宣泄&如此等等论战，构成了更为复杂的欣赏障碍。

The American entertainment is based on highly developped economic technology, entertainment is purely entertaining. The general public is willingly and passionately immersed in the sensual pleasure, the danger of"amusing ourselves to death"predicted by Portsman is real. The situation in China looks like that in the United States, but in fact, the technical development in China is not as overwelming as that in the States, the political element is still deeply involved in the individual life environment. Simplity of technology and complicity of psychological feelings stand out as main features of Chinese entertainment culture. People are using the forms of entertainment but refuse to be purely entertaining or entertained this is so called"amusing ourselves not to death".

就对大众的普遍影响力而言，美国娱乐文化的基于经济技术高度发达、享乐单一的现实，大众兴高采烈、心甘情愿地沉溺于感官刺激，面临波兹曼担心的&娱乐至死&的危险，而中国的娱乐文化表面上看起来趋同于美国，但一方面，中国的经济技术没有发达到统领一切的地步，另一方面，中国政治因素依然深入的渗透在的个人生存环境中，因此，中国的娱乐文化则更多地集中在技术简单、感受复杂的心理空间中，大众自觉不自觉以娱乐方式，却为不甘成为娱乐工具而抗争，可谓&娱乐不死&。

It has been proved by seismologic observation that it is disadvantageous in anearthquake to complicated partial field, which is the asymmetry of landform andgeology.

震害调查发现，复杂的局部场地条件即地形与地质的不均匀对抗震不利。

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。

At the same time,the status and development trend of Zhoushan agriculture were analyzed,the relationships among factors inside agricultural industry structure were anatomized by combining with qualitative analysis.

农业产业结构是一个巨大而复杂的系统，影响其结构功能发挥和整体稳定性的因素多且不确定。

So the above behavior doesn't affect the size of the file, but that complicates our implementation.

因此，上述行为不影响文件的大小，而是复杂的执行情况。

More and more complex nonlinear problems appear in Modem Science and Technology, with large gradients or discontinues in local region.

中文摘要：现代科学技术中出现了大量复杂的非线性问题，其中大部分在局部有大梯度甚至不连续的特点。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。