搜索
200144:100026788(2001)0420099207,(,710049):,,,.:;;;:C934:AaInteractiveMulti2objectiveRiskDecisionAnalysisforFirm’sShort2termInvestmentWANGSheng2feng,ZHANGPeng2zhu(Xi’anJiaotongUniversity,Xi’an710049,China)AbstractInthispaper,thetwotypesofdecisiontasksinthebusinessprocessofanenterprise,whicharethecapitalinvestingandfinancinginshorttime,havebeendiscussed.Furthermore,theinvestmentdecisionmodelandfinancedecisionmodelarepresentedtoanalysetherelatedrisk.Andthefeasibleinvestingandfinancingdecisionmodeisalsogivenbythepraticalrequirementofoneparticularenterprise.Keywordsinvestment;financing;risk;decisionanalysis1,LL,:1)L,L,,,,L2)L,,L,,,L,,,L,:;,,La:1999207227:(79600017)©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.L,:1)LL2)L,,,,,L,L,,,,L,L3)L,,,LL,,L4)L:L,,,L5)L,L,L,L,L,,L,,,,,,,L22.1,,,:1),:,,:a),,;b),,,,L,,,La),;b)LL,,L,,L00120014©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.2):,,L,L,(,),L,,,,,L3):,L,,LL,,L,,L4),L:a,;bLL1,,L,R&D1014©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.5),L,,L(),L,,,L,,L[2,4]L:aL;,,,LbL,,,,L6),,,L,L2.21),L,,:X(i);Return(X(i))X(i);Risk(X(i));:max{Return(X(i))}min{Risk(X(i))}s.t.AõX(i)=E(i)c0-EcX(i)E0(1):A=[111]n,,,,,,,,Z2),,,Z,[5]Z,,Z,,Z,,ZZ20120014©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.r0,r0;r(i)1;E(i)ZPORC;:1)ifr(i)1r0THENWHEREr(i)1r0ANDûE(i)-ECûD2)IFûE(i)-EcûDANDE(i)ECTHENWHEREûE(i)-EcûDANDPORcPOR(i)3)IFûE(i)-EcûDANDE(i)EcTHENWHEREûE(i)-EcûD,,,,Z33.1,,Z,ZZ,,Z,,,ZZ:Z1)Z,,,Z,,,,Z2)ZZ,,,Z,Z,,,()ZZ,Z,,,,Z3)Z,Z3014©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.(AsymmetricInformation),,L,,(pickingorder),,,,[1]L2:2ö,,,12,12311234,1233.21NNYY(i)c0c0(i)ccc0(i)I=I+1EEûE-EûFDEI=1,L,L,,X(i);R(i)r;Risk(X(i))X(i);:min{R(i)rõX(i)}min{Risk(X(i)0,X(i)}s.t.AõX(i)=Ec-E(i)c0X(i)0(2):A=[111]nZ1),,Z2),,Z4,1[3],40120014©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,,,,Z,Z:[1],.[J].:,1997.[2],.[J].:.1997.[3],,,.[J]..1998,18(3):47-51.[5].[M].:,1997.(26):[1]MohringRH.Minimizingcostsofresourcerequirementsinprojectnetworkssubjecttoafixedcompletiontime[J].OperationsResearch,1984,32:89-120.[2]BandelloniM,TucciM,RinaldiR.Optimalresourcelevellingusingnon2serialdynamicprogramming[J].EuropeanJournalofOperationalResearch,1994,78:162-177.[3]YounisMA,SaadB.Optimalresourcelevellingofmulti2resourceprojects[J].ComputersandIndustrialEngineering,1996,31:1-4.[4]LeachmanRC.Multipleresourcelevellinginconstructionsystemsthroughvariationofactivityintensities[J].NavalResearchLogisticsQuarterly,1983,30:187-198.[5]SeibertJE,EvansGW.Time2constrainedresourcelevelling[J].JournalofConstructionEngineeringandManagement,1991,117:503-520.[6]DemeulemeesterE.Minimizingresourceavailabilitycostsintime2limitedprojectnetworks[J].ManagementScience,1995,41(10):1590-1598.[7]DemeulemeesterE,HerroelenW.Abranch2and2boundprocedureforthemultipleresource2constrainedprojectschedulingproblem[J].ManagementScience,1992,38(12):1803-1818.[8]NeumannK,ZimmermannJ.Resourcelevellingforprojectswithschedule2dependenttimewindows[J].EuropeanJournalofOperationalResearch,1999,117:591-605.[9]KolischR.Serialandparallelresource2constrainedprojectschedulingmethodsrevisited:theoryandcomputation[J].EuropeanJournalofOperationalResearch,1996,90:320-333.[10]HartmannS.Acompetitivegeneticalgorithmforresource2constrainedprojectscheduling[J].NavalResearchLogistics,1998,45:733-750.[11]KolischR,SprecherA,DrexlA.Characterizationandgenerationofageneralclassofresource2constrainedprojectschedulingproblem[J].ManagementScience,1995,41(10):1693-1703.[12]KolischR,SprecherA.PSPLIBAprojectschedulingproblemlibrary[J].EuropeanJournaloftheOperationalResearch,1996,96:205-216.5014©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.