Table of Content

28 March 1999, Volume 7 Issue 1 Previous Issue    Next Issue

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Black-Scholes Options Pricing Model Applied in Corporate Securities Valuation Zheng Changde 1999, (1):  1-6.  Abstract ( 3155 )   PDF (2587KB) ( 2964 )   Save The debt and equity securities issued by a corporate firm can be viewed in principle as options on the firm’s assets. So the debt and equity securities can be valued with options pricing approach. The Black-Scholes Options Pricing Model is reviewed, and its application in corporate securities valuation is analyzed in this paper. References | Related Articles | Metrics

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Relative Efficiency of Proxy of the Efficient Portfolio Chen Shou 1999, (1):  7-12.  Abstract ( 2286 )   PDF (2365KB) ( 1445 )   Save Through analysing the frontier of proxy for the efficient portfolio with the special R-β ficross-section, the variance between the frontier of the proxy and the efficient frontier are discussed. Further, the relative efficiency of the proxy is investigated. References | Related Articles | Metrics

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Stochastic Term Structure and Bond Pricing Models Wu Shuosi 1999, (1):  13-20.  Abstract ( 2308 )   PDF (2636KB) ( 1406 )   Save Assumption that diffusion function of zero-coupon bond’s price is quadratic function of time is the key for modeling stochastic term structure with risk-neutral approach, and stochastic term structure model is the basis for bond pricing models. Not only theoretic models but also empirical studies with historical data from the bond market of China, as well as a specific annual spot rate stochastic term structure model and a pricing model for Bond 961 are introduced in this paper. References | Related Articles | Metrics

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The Guarding Model of Moral Risk for Credit Risk Management Li Yanxi, Chi Guotai 1999, (1):  21-24.  Abstract ( 2268 )   PDF (2381KB) ( 2168 )   Save Due to unsymmetrical character of information in credit risk management, the moral risk will be caused, and loan risk of bank becomes larger. According to the theory of operations research and information economics, the guarding model of moral risk is formulated in this paper. It will play an important role in reducing the loan risk of bank. References | Related Articles | Metrics

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The Study on Regulation Mechanism in Duopoly Market Lu Zifang 1999, (1):  25-28.  Abstract ( 2028 )   PDF (2343KB) ( 1740 )   Save In this paper, the regulation mechanism of duopoly market is studied on the basis of games theory and optimization theory. It is necessary that the government intervenes the market by price signal of the market. The method of regulation is given. References | Related Articles | Metrics

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Study on the Method of Business Process Reengineering Cong Gao, Li Minqiang, Kou Jisong 1999, (1):  29-35.  Abstract ( 2463 )   PDF (2556KB) ( 2061 )   Save Business process reengineering (BPR) is one of the most popular concepts in management field today. In the light of the lack of methods and tools to direct and suppoft the redesign of process, the article puts forth a method of BPR. The method includes redefining the activities, the basic components of processes, building a database describing the activities and their relations, searching and retrieving the set of feasible designs of new processes from the database by means of the closeness coefficient of activities,and obtaining the optimal design by means of utility function. What’s more, the method supports to search and retrieve the redundant activities based on the similarity coefficient of activities in order to combine or delete the similar aCtivities. Finally, the article suggests building a DSS to support the method. References | Related Articles | Metrics

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A Method and Practice Analysis of Production Activity Schedule for Job Lot Production in CIMS Ma Yufang 1999, (1):  36-41.  Abstract ( 2039 )   PDF (2385KB) ( 1435 )   Save This article makes out a new method of production activity schedule for job lot production in CIMS and through practice to analyse this new method. Related Articles | Metrics

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Benchmarking Study on the Manufacturing Performance of Chinese Autocomponent Enterprises Liu Liwen 1999, (1):  42-47.  Abstract ( 2205 )   PDF (2533KB) ( 2053 )   Save This paper compared manufacturing performance of autocomponent enterprises in China with those in industrialized countries. The productivity, quality and inventory level are used as the measuring criteria. Based on these data, the internal and external factors effecting the performances are discussed, and some suggestions are given. References | Related Articles | Metrics

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Study on Model and Algorithm of Transportation Network Traffic Assignment Problem Huang Ping, Zhang Zhongyi 1999, (1):  48-54.  Abstract ( 2360 )   PDF (2575KB) ( 2999 )   Save In this paper, a comprehensive research has been done on the model and algorithm of the transportation network traffic assignment problem. The paper systematically investigates the research works on traffic assignment and analyzes the existing problems in the current research. In accordance with the characteristics of the Chinese transportation network traffic assignment, this paper, absorbing the ideas of the achievements of operation research and computer science, establishes a more reasonable and practical multiple objective traffic assignment optimization model. The assignment solutions are more approximate to practical problem because of considering some important characteristics of traffic assignment as the functions of transportation flows in the process of building model. Meanwhile, the solution strategy of the model is discussed. In order to solve the problem effectively, we study and design a robust, high-effective,practical self-adaptive search algorithm. References | Related Articles | Metrics

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Fuzzy Comprehensive Evaluation of Wuhan’s Medical S&T Development during the 7th and sib "Five-Year-Plan" Wang Pan, Qu Bin 1999, (1):  55-59.  Abstract ( 1985 )   PDF (2433KB) ( 1418 )   Save This paper setS up the index system of Wuhan’s medical S&T development. Fuzzy comprehensive evaluation is made to the development of recent 10 years. References | Related Articles | Metrics

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The Application of Kalman Filter Method in Financial Budget Mao Dingxiang, Liu Ling 1999, (1):  60-64.  Abstract ( 2282 )   PDF (2368KB) ( 1200 )   Save Using the balance principle of chessboard-like general ledger, this paper advances the input& output connection of enterprises in financial sense. A new financial budget mthod based on the generalledger is given with the application of Kalman Filter Method. References | Related Articles | Metrics

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A Summary of the Research on Product Innovahon Management at Home and Abroad Hu Shuhua 1999, (1):  65-76.  Abstract ( 2346 )   PDF (2988KB) ( 3270 )   Save The first part of this paper summarizes the research on new product management abroad,including that on new product strategy and evaluation theory, success and fail of new product, product development performance, innovation organization theory, function and cost of product design. The second part introduces the domestic main books and papers in this research field. At the end, a comprehensive literature is given with 163 titles. References | Related Articles | Metrics

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Considerations on Developing and Practising CIMS of Technological Process industry Shen Zuzhi, Yang Yang 1999, (1):  77-80.  Abstract ( 2002 )   PDF (2337KB) ( 1109 )   Save Based on the contrast analysis of management-control unification and CIMS, this paper analyzesthe manufacturing CIMS and, in stress, discusses the CIMS technique of technological process industry. References | Related Articles | Metrics