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On the basis of the theory of option pricing,We study the connection between America call option and European call option;Under the assumption condition of Black-Scholes formula ,use the theory of martingales and stopping time,get the conclusion that: the price of America call option equals the price of European call option; Discuss some numeric computing methods of the put America option pricing, with the invarional inequaility for optimal stopping, prove the boundary property of America put option price ...

基于期权定价的基本理论,研究美式看涨期权与欧式看涨期权之间的关系;在Black-Sc holes公式假设条件下,利用鞅和停时理论,得美式看涨期权的价格与欧式看涨期权的价格相等;探讨美式看跌期权价格的数字化计算,在相关假设条件下,利用基于最优化时的变分不等式证明了美式看跌期权价格的有界性,并介绍了几种美式看跌期权价格的数字化计算方法。

Taking the administrative villages as units, a comprehensive and detailed survey was made to attain the rich and reliable data, including the information about the status of the land use, the relationship of the land supply and demand, the living standards of farmers and the minimum of urban resident living guarantee and so on. Then the estimating system was established. Afterwards, basing the survey and the system, the character of each unit was transfer into data. And, utilizing the frequency law, the whole county was divided into four expropriation land blocks. The area was measured and the map, showing the differences between blocks, of the Arable Land Blocks for expropriation of Siyang was protracted by the method of GIS. Finally, the land expropriation price is calculated by agricultural land economical function compensate method and urban construction land criterion price avulse method, then the price was tested by expropriation case comparison method. It is beneficial not only for protecting farmers rights and interests, but also for link up with the current land compensate standard, so this way to calculate the land expropriate price is more reasonably.

以行政村为基本单元,对该地区的农用地利用现状、土地供求关系、农民生活水平扣城镇居民最低生活保障水平等情况进行了调查,建立征地区片价格评价体系,根据每个评价单元的综合评价分值,运用总分频率法将全县分为四个区片,并对各级区片进行面积量算,借助地理信息技术绘制了《泗阳县农用地征地区片价格分布图》,显化了农用地征地区片价格的空间分布及其差异,最后运用农用地经济功能价格补偿法和城镇建设用地基准地价剥离法综合测算农用地征地区片价格,并用征地案例比较法的测算结果加以比较验证,证明此测算结果相对更加科学合理,既有利于保障被征地农民的合法权益,又有利于与现行的征地补偿标准相衔接。

Home appliance: MOF gave the product price cap for rural purchase of home appliance: colored TV at Rmb2,000/pc, refrigerator at Rmb2,500/pc, mobile phone at Rmb1,000/pc, washing machine at Rmb2,000/pc.

家电:财政部针对农村购买家电制定了了价格上限:彩电价格上限为人民币2000元,冰箱价格上限为人民币2500元,手机价格上限为人民币1000元,洗衣机价格上限为2000元。

In general, our prices are Tong Ren Tang Chinese caterpillar fungus Cordyceps price of 50%, which is common in pharmacies and hospitals, the price of Cordyceps about 65%, so you only need to see our release of Cordyceps sinensis prices, will know the market price trends.

一般来说,我们的冬虫夏草价格是同仁堂冬虫夏草的价格的50%,是普通药房和医院冬虫夏草的价格的65%左右,所以,你只需要查看我们发布的冬虫夏草价格,就会知道市场的价格趋势。

Years, Wenzhou real estate prices soared, the South Gate, Pine Desk Old City Center Square real estate, average price of 15,000 yuan / square meters, Jiangbin Road, Metro,杨府山Boutique real estate along the average price has more than 10,000 yuan / square meter, water heart, on the one hand陡门old residential areas have also risen to an average price of 7000 ~ 8000 Yuan / square meter, or even the past a lot of Wenzhou People瞧不上eyes Huanglong, bridge, the average price of residential areas such as梧田also risen to 6000 ~ 7000 Yuan / square meters.

一九九八年,温州市房地产价格大幅飙升,南门,松台老城中心广场房地产,平均价格15000元/平方米,江滨路,新城,杨府山精品沿线房地产的平均价格有超过10,000元/平方米,水心,一方面陡门旧住宅区也上升到平均价格7000 8000元/平方米,甚至过去很多温州人瞧不上眼黄龙,桥梁,平均价格的住宅领域,如梧田也上升到6000 7000元/平方米。

B The consumer price index compares the price of a fixed basket of goods and services to the price of the basket in the base year whereas the GDP deflator compares the price of currently produced goods and services to the price of the same goods and services in the base year.

第二,消费价格指数比较的是固定篮子的商品和服务的当期价格与基期价格之比,而GDP紧缩指数比较的是当期生产的商品和服务的当期价格与相同的商品与服务基期价格之比。

But the price,with the exception ofwheat,of almost every agricultural commodity,the price of wool,the price of meat,the price ofcheese,the price of everything that the soil pro- duces,has been largely increased in a market freeand open to the world;because,while the artificialadvantage which you got through protection,as itwas supposed to be an advantage,was removed,you were brought into that free and open market,and the energy of free trade so enlarged the buyingcapacity of your customers that they were willingand able to give you,and did give you,a great dealmore for your meat,your wool,and your productsin general,than you would ever have got under thesystem of protection.

然而,除小麦的价格外,几乎所有农产品的价格、羊毛的价格、猪肉的价格、乳酪的价格、地里生产的任何东西的价格,在自由和对外开放的市场上扶摇直上;因为,通过保护获得的这种人为的有利条件——它曾被认为是有利条件——一旦取消了,你们就被推向自由开放的市场,自由贸易的力量大大提高了你们的顾客的购买力,使他们愿意并能够也确实对你们的肉、羊毛和一般产品付出了比你们在保护制度下所能得到的多得多的钱。

Because of the special status of energy and finance in the economic development, energy shortages are not only a problem in itself but it also gradually becomes the core problem of economic growth. When looking at world energy price rises and falls since the beginning of the 21st century, compared to other periods in history, the biggest characteristic is that it has something to do with the financial market. Energy and financial integration becomes a key variable which has profound influence on the energy market prices. But our country's current energy price system is not perfect, and it still cannot achieve efficient allocation of resources.

由于能源和金融在经济发展中的特殊地位,能源金融不仅仅是能源和金融发展中的战略问题,而且逐步发展为经济增长中的核心问题。21世纪以来世界能源价格的暴涨暴跌与历史上其他多轮能源价格波动相比的最大特点,在于其与金融市场息息相关,能源与金融的交融成为深刻影响能源市场价格走向的关键变量,但我国当前的能源价格体系还很不完善,尚不能达到有效配置资源的作用,对于中国能源价格形成机制及传导机制的深入研究十分必要,因为从长远来看,中国必须确定合理的能源定价机制,建立一个发达的、完善的能源市场,谋求能源定价的话语权,发挥我国在国际能源价格体系里应有的影响力。

In chapter3, information is divided into two basic types, the marginal equation of bond price and short-term interest variations is established, thus the security price variations and the price equilibrium of other assets (risk security non-risk security are included) are analyzed by the implement of portfolio Theory.

第三章将债券的价格均衡划分为两大基本类型,建立了债券与短期利率变动的边际方程,运用组合原理分析债券价格变动与其它资产(包括风险证券和无风险证券)的价格均衡关系,通过比较收益原理建立了债券以市场均衡收益为折现参数的价值方程,并通过实证检验了该模型的合理性;第四章,分析了内部信息与价格的传导原理,建立了非完全信息市场条件下价格传递信息的做市商模型和预期模型,并讨论外部信息与内部信息对股票价格影响的非一致性。

In chapter3, information is divided into two basic types, the marginal equation of bond price and short-term interest variations is established, thus the security price variations and the price equilibrium of other assets (risk security non-risk security are included) are analyzed by the implement of portfolio Theory. Finally the bond value equation which takes equilibrium return as its yield Parameter is established through the theory of comparative return. In chapter 4, the intra-information and the transferable system of price is emphasized and the market-maker model and expected model under non-perfect information market conditions are established, and the disaccord of the influence of extra-information and intra-information on the security price is discussed.

第三章将债券的价格均衡划分为两大基本类型,建立了债券与短期利率变动的边际方程,运用组合原理分析债券价格变动与其它资产(包括风险证券和无风险证券)的价格均衡关系,通过比较收益原理建立了债券以市场均衡收益为折现参数的价值方程,并通过实证检验了该模型的合理性;第四章,分析了内部信息与价格的传导原理,建立了非完全信息市场条件下价格传递信息的做市商模型和预期模型,并讨论外部信息与内部信息对股票价格影响的非一致性。

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