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Real options in real estate is increasingly becoming a new form of corporate finance, performance for the local real estate enterprises in the development of real estate before the completion of the flats in a number of sets of real estate in the form of options, agreements for sale to the price in advance foreign investors, local real estate sales as a business start-up money into the further development process.

实物期权在房地产正日益成为一种新形式的企业融资,表现为当地的房地产企业在房地产开发完成之前的单位在若干套房地产的形式,选择,协议的价格出售给外国投资者提前,当地房地产的销售作为创业资金投入的进一步发展进程。

His book is mathematically demanding, but it boils down to a few key concepts: there is an optimal f for every trade; if you bet less, your risk decreases arithmetically while profit decreases geometrically; if you keep betting more than the optimal f, you are guaranteed to go broke.

他的书用了很多数学计算,但最终总结为以下几点:每笔交易都有完美的 f;如果你赌的少,风险是数字式的减少而利润是几何级的减少;如果你投入的比最完美的 f 多,你肯定会破产。

For investment behavior studies, in particular, the assumption of flexible accelerator has been criticized for the restricted functional specification and the assumed constant rates of adjustments.

早期关於投资行为的研究多以适应性加速的资本调整方式来探讨厂商对资本投入的需求,而应用动态对偶理论的实证文献除了对於价值函数做了过於缺乏弹性的设定,其中之适应性加速调整更隐含准固定要素以固定速度调整至其长期均衡的水准,这两个设定均与理论文献中所得的结果不相符合。

First, peoples" idea affects their propensity to save and consume and invest, and difference attitude on risk, which are impacted on the economic situation. Second, idea directly impacts the economic outcome through affecting peoples" investment of labour. At last, in a phase the flock idea promoted teamwork between members in a region, in another phase a collective might been locked in a underdevelopment equilibrium situation when a flock idea has been come into being.

意识首先通过影响人们的储蓄倾向、消费倾向和投资倾向,以及对待风险的不同态度影响经济;其次,意识还通过影响主体对劳动投入的努力程度直接作用于实际的产出;最后,一种形成后的群体意识,一方面可以促进社区内部成员之间的合作,另一方面也可能引致共同体的产出被锁定在一个低水平的均衡状态。

A second factor that has thrusted the transportation function into the limelight in recent years is the growing utilization of just-in-time inventory systems.

最近几年使运输功能引人注目的另一个因素就是越来越多地使用及时供应的库存系统。这种系统是以公司储存很少数量的生产投入的生产方式为基础的。

It not only eliminates potential safety hazard effectively, corrects customary peccancies, ensures the implementation of safety operation rules, promotes the effective implementation of safety input, improve workers' safety ideological realm and safety standards of morality, but also strengthens the construction of coal mine safety culture that implement the concrete embodiment of "Three Represents" important thinking.

安全文化建设将有利于安全生产责任制的落实和安全管理制度的建立健全,有效消除安全隐患,纠正习惯性违章,确保安全操作规程的落实,促进安全投入的有效实施,提高职工的安全思想境界,提高安全道德水准,而且加强煤矿安全文化建设是落实&三个代表&重要思想的具体体现。

The analysis which is only based on price-deciding is not very complex, but to study the dynamics response of non-pricing competition, the matter is not that simple. First of all we must choose what is the most effective means of competition, or a combination of several methods. Secondly we must take into account the opponent how to make a strategic response.

仅仅对于定价的分析并不很复杂,可是要研究非价格竞争的动态反应,事情就不那么简单,首先我们必须得考虑选择何种最有效的竞争方式,或者是几种方式的组合;其次我们必须得考虑到对手会作出何种战略反应,最后我们还得决定资源投入的最优数量。

Currently as China's accelerating development of agricultural industrialization and the increase of the agricultural production investment, the demand for chemical fertilizers increases year after year. Simultaneously as China's scientification in fertilization and fertilization ratio of the nitrogen, phosphorus, and potassium fertilizer tending to be reasonable, the chemical fertilizer demand structure will possibly change, the chemical fertilizer market environment will also change, the chemical fertilizer industry will run to the direction of high efficiency and environmentally no harm. Comparing to ordinary urea, large urea has many merits. These merits include big rime, glabrous pellet, smooth and well-mixed, not easy to crush or agglomerate in moist environment, suitable for long distance bulk transport and storage, and so on.

目前随着我国农业产业化的不断加快发展和对农业生产投入的增加,化肥的需求量在逐年上升,同时随着我国农业施肥的科学化,氮、磷、钾肥的施用比例趋向合理,化肥需求结构可能发生变化,化肥市场环境也会发生变化,需求旺盛的化肥业将向高效、环保等方面转化;大颗粒尿素与普通尿素相比,具有结晶大、颗粒光洁、圆滑、均匀,不易粉碎和吸潮结块,具有适合长途散装运输和存贮等优点。

In the gasifying oven, there are coal feeding port and fuel gas feeding port at the top and the bottom, an inclined plane which drops coal grains and accumulates them onto the bottom, and the ventilating duct with opening over the fuel gas feeding port. It has also steam feeding port at the bottom, resultant gas outlet on the side and waste gas outlet at the upper part.

它是在气化炉的上部和底部分别设有煤供给口和燃气供给口,并设有使投入的煤颗粒落下、堆积到底部上的倾斜面,以及开口端在燃气供给口的上方、在炉内朝上延伸的通风管;还在气化炉的下部和侧部分别设置蒸汽供给口和生成气体排出口,并在上部设置废气排出口。

There is an investment postscript in our textile saga. Some investors weight book value heavily in their stock-buying decisions (as I, in my early years, did myself). And some economists and academicians believe replacement values are of considerable importance in calculating an appropriate price level for the stock market as a whole. Those of both persuasions would have received an education at the auction we held in early 1986 to dispose of our textile machinery. The equipment sold (including some disposed of in the few months prior to the auction) took up about 750,000 square feet of factory space in New Bedford and was eminently usable. It originally cost us about $13 million, including $2 million spent in 1980-84, and had a current book value of $866,000. Though no sane management would have made the investment, the equipment could have been replaced new for perhaps $30-$50 million.

有关我们在纺织业投资的&辉煌历史&还有一段后话,有些投资人在买卖股票时把帐面价值看得很重,也有些经济学者相信重置价值在计算一家公司的股价时极为重要,关于这两种说法在经过拍卖纺织机器设备后,让我好好地上了一课,卖掉的设备满满一工厂全为堪用品,原始成本为一仟三百万美金(包括近几年投入的二百万),经过加速摊提折旧后,帐面价值八十六万,虽然没有人会笨到再继续投资,但要买一套全新的设备也要花三、四千万美金。

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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。

The new PS20 solar power tower collected sunlight through mirrors known as "heliostats" to produce steam that is converted into electricity by a turbine in Sanlucar la Mayor, Spain, Wednesday.

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