Dissertation > Excellent graduate degree dissertation topics show

The Evaluation Research on Urban Rail Transit Finance Lease Project Based on Real Options

Author: LiuShuZuo
Tutor: LiHongChang
School: Beijing Jiaotong University
Course: Industrial Economics
Keywords: Urban Rail Transit Finance Lease Real Options B-S model
CLC: F572
Type: Master's thesis
Year: 2014
Downloads: 67
Quote: 0
Read: Download Dissertation

Abstract


ABSTRACT:In recent years, with the development of China’s urbanization, the investments have increased on transportation infrastructure especially in urban rail transit construction. The long cycle and high operating costs have resulted in serious shortage of funds on urban rail transit project. Finance leases have been matured in the development of transportation equipments in developed countries. And it can connect the potential investors, overcapacity manufacturers of transportation equipment with the enterprises better and form a win-win benefits and risks of the economic structure.A scientific and effective evaluation method is essential to use this finance lease in the broad field of urban rail transportation equipment. Urban rail transit finance lease have the characteristics of asset specificity, uncertainty and so on. Real options approach is better for this.This paper focuses on the feasibility and necessity of finance leases of urban rail transit, and evaluates it with the method of real options model. First, it describes the current development of it in detail, and compares the economic costs of urban rail transportation finance leases and bank loans through an example. Empirical analysis shows that, even if the lease rate is higher than bank lending rates, but leasing is still better than the economic benefits of bank loans because of the accelerated depreciation of tax credited function within certain limits. Then this paper combines the economy and investment characteristics of urban rail transit to identify its option types and reveal the true value of finance lease in it through analysis.Real options, considering the fluctuations of the value of finance lease because of a variety of uncertainties, can be used to investment activities which need flexibility management in fluctuated market environment. So, the introduction of real options approach in urban rail transit project finance leases has a certain theoretical and practical significance for the investors to know the true value of the items.

Related Dissertations

  1. Investigation of Turbine S2 Stream Surface Direct Problem Aerodynamic Optimization Design,V235.11
  2. The Technological Parameter Analysis and Influencing Factor Research on RUV4 Automobile Ignition Coils,U463.64
  3. Multiple ANN/HMM Hybrid Used in Speech Recognition,TN912.34
  4. Superresolution of Hyperspectral Images Based on Spatial-Spectral Information Coordination,TN911.73
  5. The Maneuvering Target Tracking Research Based on VRPF,TN957.52
  6. Packet Loss Recovering Technology for Speech Transmission over Network,TN912.3
  7. Simulation System of the Vehicle Experiment of the Inertial Platform and Research of Identification Method,TN966
  8. Hardware Implementation of LEO Satellite Channel Characteristic Emulation,TN927.23
  9. Research of Fault Injection for a Distributed System,TP338.8
  10. Research on F&B Index Structure Supporting XML Query,TP311.13
  11. Research on Structure Transition Technology for SMT,TP391.2
  12. Word Sense Disambiguation Corpus Automatic Acquisition,TP391.1
  13. Research on Predictive Control and Simulation of pH Value Based on the Confection Process of Sodium Nitrate,TP273
  14. Design the Control System of Ocean Wave’s Simulation Table Based on Theory of Fuzzy Turning PID,TP273.4
  15. Study on Development Risk Analysis and Management of Urban Commercial Residence,F293.35
  16. On Explanatory Power of Conceptual Integration Theory for the Ttanslation of Chinese Ancient Classic Through the Analysis of the English Versions of Tao Te Ching,H315.9
  17. Studies on the Drying Modle and Technology of Tilapia by Heat Pump,TS254.4
  18. Development of the Chinese Version of the Marlowe-Crowne Social Desirability Scale and Its Correlation Research,B841.7
  19. The True Estimations of China’s Unemployment and the Re-examination of Okun’s Law,F224
  20. The Study on Risk Evaluation of BOT Projects in China University,G647
  21. Vocational colleges teaching effectiveness evaluation model analysis,G712.4

CLC: > Economic > Transportation and economic > Urban transport economy > China's urban transportation economy
© 2012 www.DissertationTopic.Net  Mobile