复合期权

复合期权一个应用是用来模拟美示期权的定价。

The compound options are used to simulate American options .

欧式复合期权的定价公式

The pricing formula of European compound options

三是利用蒙特卡罗方法求解复合期权的价值，解决了BS模型和二项式模型在求解复合期权价格的不足，满足了风险投资过程路径依赖的特性，提高了定价的准确性。

Thirdly , solving the value of the complex option by the Monte Carlo simulation and complementing the deficiencies of the B-S model and binomial model to enhance the exactness of pricing .

复合期权的定价及其在风险投资决策中的应用

The Pricing of Compound Option and Its Application in Risk Investment

基于复合期权模型的外国在华专利价值研究

Compound Option Pricing Model of Foreign Patent in China

可转换公司债券复合期权定价方法

Pricing Convertible Bonds Based on Compound Option Model

按照标的资产的性质不同，又可把复合期权分为金融复合期权与实物复合期权。

It also divided real compound options and financial options by their underlying assets .

复合期权在生物制药项目评估中的应用研究

An Application Study of Valuation of Compound Options in the Bio - pharmaceutical Project

基于跳跃过程的复合期权定价模型

Compound Option Model Based on Jump Process

复合期权，顾名思义，是一种标的资产也为期权的期权，在本质上涉及到一系列嵌套的权利。

Compound options is options on options , its essence is a series of rights nested .

研究了风险投资方案的构造与评估方法.将投资方式灵活、分两阶段的投资方案视为欧式复合期权，引入实物期权定价理论，并用二叉树模型演示其价值评估过程。

Option-pricing theory was used to estimate the two-stage flexible investment plan considered as compound European option .

本文首先讨论了两种新型期权复合期权和重置期权的定价问题。

In this paper , first , we consider the Exotic options compound options and reset options pricing .

复合期权与路径相关期权定价理论模型、数值模拟及应用研究

Research on the Theoretical Pricing Model and Numerical Simulation of Compound Option and Path-dependent Option and Their Applications

同时，针对风险资本分阶段投资的期权性质，应用多波动率的复合期权模型进行投资决策。

Staging of venture capital investment has option character , so it applies compound options to decision and study .

多期复合期权与路径相关期权的定价问题是当今金融工程研究的热点。

The valuation of multi-stage compound option and path-dependent option is the important problem in current financial engineering research .

分拆上市作为企业的战略决策，包含了实物复合期权，因此使得分拆本身更具价值。

As a strategic decision , the equity carve-out contains compound real options , which enhances the value of itself .

本文研究的复合期权与重置期权等都是路径相关期权。

In this paper , we intend to study the compound options and reset options that all belongs to the path-dependent options .

二是利用后一阶段期权作为前一阶段期权标的物的方法，建立了风险投资的多阶段复合期权评价模型，更符合风险投资的特点。

Secondly , building the venture capital complex evaluation model , based on the later option as the cash of the former ;

本文借助于有限差分和有限元方法拓宽了多期复合期权和路径相关期权定价的理论模型与应用的范围。

This paper extends the theoretical model and application scope of multi-stage compound option and path-dependent option using Finite Difference Method and Finite Element Method .

通过用股票与国债的恰当组合，不仅可以复合期权，更可以很方便地确定期权的价格

To construct adequate portfolio with stocks and treasury bills , we can not only replicate options , but also easily determine the prices of the options

同时也表明该算法可用于实际的期权交易操作，并可推广到为多期复合期权及实物期权定价。

Data shows that the algorithm can be used for the actual options trading operations , and can be extended to multi-compound option and real option pricing .

研究表明，运用复合期权理论进行矿业工程投资决策，在某种程度上能更好地反映不确定性和管理灵活性的价值。

The result show that using compound option theory in the investment decision of mining projects can better reflect the uncertainty and managerial flexibility in a way .

应用复合期权理论建立的矿业权价值评估模型，更加符合矿业权的多期权特性。

Applies the value assessment model of the mining right which is established by compound option theory , conforms much more to multi-option characteristic of the mining right .

对多期复合期权模型在序列决策方面所具有的优势与应用前景、研究难点及相应的解决方案展开了深入的讨论。

The advantage and application prospect of multistage compound option in modeling sequential decision were discussed , and the critical difficulties and solutions in actual application pointed out .

为了计算采矿权的价值，假定矿产品的价格服从几何布朗运动，在常数波动率的条件下，建立了基于复合期权的矿产资源采矿权定价模型。

In order to calculate the value of right , build an pricing model based on compound option under the conditions of constant volatility and price followed geometric Brownian motion .

第三章介绍期权的概念、类型及基本参数、期权定价的理论基础和模型以及实物期权和复合期权。

Chapter three introduces the concept , type , basic parameter of the option and theoretical foundation and model of option pricing as well as the real option and the compound option .

算例以某实际水电厂为例，分析了水文波动性、合同电量和合同价格对复合期权价格以及社会效益的影响。

A practical hydropower plant is selected in case study , and the influences of the hydrological variation , contract price and contract volume on the option price and social benefit are analyzed .

实物期权的应用分析，对研发管理中存在的延迟期权、放弃期权、转换期权、增长期权和复合期权的应用进行了分析。

The application analysis of real option , this part analyzed option to defer , option to expand , option to abandon , option to switch and compound option in R & D investment .

由于各个期权都是相关的，其价值构成了一个相互影响的价值链，不能对各个期权进行简单的独立的评价，应将其看作一个复合期权。

Because each option is related , its value constituted a mutual influenced value chain , which cannot carry on the independent evaluation to each option , should be regarded as a compound option .

在此基础上，引出四项式法来解决实际R&D活动中普遍带有技术和市场不确定性的复合期权定价问题。

Further to this , the quadrinomial approach is adopted to solve the compound option pricing problems which involve uncertainties in terms of technology and market and which are often incurred in R & D activities .