估值

The theory and method of neural network,and the feasibility and superiority of building the coal bed geological model are also discussed by considering the geological variable characteristics,such as space territory,continuity,anisotropism and great non-liner relation.

摘 要：分析了建立矿床地质模型传统的估值方法的不足，针对地质变量之间具有空间局域性、连续性和各向异性，以及高度非线性关系的特征，阐述了应用人工神经网络原理和方法建立矿床地质模型的可能性和优越性，建立了地质变量参数估值计算的神经网络模型的基本结构，描述了地质变量与其影响因素之间的非线性映射关系，从而提出了基于人工神经网络原理的地质模型估值方法。

"Guidance" to the norms of the Fund to suspend stock valuation information disclosure requirements, including fund management companies to use valuation techniques and other methods of valuation for the stock suspension, the notice should be temporary, In the report on a regular basis, should also be involved in the valuation model assumptions, parameters, the net asset value of the Fund and the impact of current profit and loss; the relevant parties involved in the valuation process and the staff of the division of responsibility, professional competence and a description of work experience; Fund managers involved in the decision or the level of valuation; valuation process between the parties involved in any major conflict of interest disclosure and so on.

"指导"，以基金的规范暂停股票估值的信息披露要求，包括基金管理公司利用股票停牌评估技术和其他估值方法，通知应当是暂时性的，在报告中定期，也应参与评估模型假设，参数，该基金的净资产值和当期损益的影响，有关各方在评估过程中涉及的责任部门的工作人员，专业能力和工作经验；在决定或参与估值水平的基金经理；估值之间的任何利益披露等重大冲突有关各方的进程。

Fourth, the normative guidance on the suspension of the Fund's stock valuation information disclosure requirements, including fund management companies to use valuation techniques and other methods of suspension Stock valuation should notice an ad hoc basis, on a regular basis in the report, should also be involved in the valuation model assumptions, parameters, the net asset value of the Fund and the impact of current profit and loss; the relevant parties involved in the valuation process and the staff of the division of responsibilities , Professional competence and a description of work experience; fund managers to participate in the decision or the level of valuation; valuation process between the parties involved in any major conflict of interest, such as disclosure

第四，规范指导，基金的股票估值的信息披露要求暂停，包括基金管理公司运用估值技术和其他方法停牌股票估值应该看到一名在定期报告特设的基础上，还应该在估价模型假设，参数涉及基金的净资产值和当期损益的影响，所涉及的有关各方估值过程和职责，专业能力和工作经验的描述司工作人员，基金经理参与或决定估值水平之间的任何重大的利益冲突，如有关各方估价程序披露

Fourth, the "guidance" to the norms of the Fund to suspend stock valuation information disclosure requirements, including fund management companies to use valuation techniques and other methods of valuation for the stock suspension should be carried out Notice the interim, on a regular basis in the report, should also be involved in the valuation model assumptions, parameters, the net asset value of the Fund and the impact of current profit and loss; the relevant parties involved in the valuation process and the staff of the division of responsibility, professional competence and relevant work experience Description; fund managers to participate in the decision or the level of valuation; valuation process between the parties involved in any major conflict of interest disclosure and so on.

第四，"指导"，以基金的规范暂停股票估值的信息披露要求，包括基金管理公司利用股票停牌评估技术和其他估值方法，应进行临时公告就在定期报告中，也应参与评估模型假设，参数，该基金的净资产值和当期损益的影响，有关各方在评估过程中涉及的工作人员分工负责，专业能力和相关工作经验的说明；基金经理参与或决定估值水平之间的任何利益披露等重大冲突各方的估值过程。

The convergence of them is proved, i.e if the parameters estimation is consistent, then self-tuning fusion estimator will converge to the optimal fusion estimator with known model parameters and noise statistics, and the accuracy of self-tuning fusion estimator is higher than that of each local self-tuning estimator.

证明了它们的收敛性，即若ARMA新息模型的参数估计是一致的，则自校正信息融合Wiener估值器将收敛于当模型参数和噪声方差己知时的最优信息融合Wiener估值器，且自校正信息融合Wiener估值器的精度高于每个局部自校正Wiener估值器。

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。

Furthermore, a motion estimation technique for sequential thermal images is presented which measures the parameters of global motion in the image plane due to zoom and pan of the camera or the process of the vehicle, and a motion compensation interpolation technique is also presented which can compensate the global motion. The algorithm is based on a three-parameter model for motion description, and some improyement is given in this method. Good results are shown in the computer simulation experiments.

在研究了帧内编码的情况后，本文进一步分析了序列图象的特点，并对由摄象机运动和车辆行进所造成的全局运动进行了运动估值和补偿研究，对现有的三参数估值算法进行了分析和改进，推导出热图的序列图象的平移及缩放的运动估值与补偿的公式，通过计算机模拟进行了全局运动的估值和内插实验，获得了较好的结果。

The changes, which have seen the top-rated Chinese banks double in valuation over the past year as western rivals have been derated, reflect growing confidence in emerging markets, particularly China and Brazil.

过去一年里，估值最高的中国各银行估值上升了一倍；西方银行的估值却有所下降。这些变化反映出，投资者对新兴市场信心越来越强。

Steel plate with the current valuation level in 2005 on the Topix index and the lowest point in 2006 when the stock prices of steel at the time of the most depressed valuation levels compared to the valuation of listed companies in the level of iron and steel has been lower than the lowest level in history.

钢与目前的估值水平，2005年在东证指数在2006年最低点时，钢铁板块在最低迷的估值水平时股价相比，上市公司在铁和钢的估值水平已低于历史最低水平。

For derivative transactions which they are unable to price or valuate, they shall get the key estimation parameters and other information from parties making quotations and, provide by letter, e-mail, fax or any other recordable way, such information to institutional clients in writing so as to improve the transparency of the re-estimation of the market value of derivative products.

对于自身不具备定价估值能力的衍生产品交易，应向报价方获取关键的估值参数及相关信息，并通过信件、电子邮件、传真等可记录的方式向机构客户书面提供此类信息，以提高衍生产品市值重估的透明度。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。