投资

Using the dynamic programming approach, an explicit solution to the value function of the optimal portfolio problem is obtained by the HJB equation, and the optimal investment strategy is given.

在风险投资服从Heston模型的假设下，研究了幂效用函数的最优投资组合问题，利用动态规划方法通过HJB方程得到最优投资组合价值函数的显式解，并给出最优投资策略。

All sorts of fictitious investment carriers, which have individual character suchas circulation specialty, price setting, have a common character and an essence offictionalization. The carriers is adapted by the developing progress of fictitiousinvestment and the fictionalization of the investment, represents the level of itsdevelopment.

各种形式的虚拟投资载体(其中最具代表性的是证券、房地产、期货、期权及其他衍生证券)虽各有其功能、特点、定价方式等个性特点，但仍具有一些共性的特征和虚拟性的本质，并与虚拟投资和投资虚拟化发展的过程相适应，代表了投资虚拟化发展的层次。

Not only analyzing the basic option model of investment decision for single enterprise, the article introduces the popular game theoretic option and points out competition will erode the option value, so when the investors make decision, they can"t adopt the general basic option method for single enterprise"s investment decision. On this case, the preemption changes the investment start point and the optimal decision should adapt according this.

除了对单一企业的基本投资决策期权模型进行分析外，文章还引入了目前国际上较新的期权博弈理论，提出处于一定竞争态势下的企业在面对投资决策时，由于竞争的影响吞噬了项目推迟期权的价值，因而不能一概地采用最基本的单一企业投资决策期权方法，此时抢摊博弈使投资时点的判断发生了变化，企业的最优决策也应随之变化。

Investment projects could include real estate, import and export trade, transit trade, logistics, transportation, storing, international freight, express delivery, shipment, investment information consultation, manufacturing, electronics, traditional machinery, vehicle accessory, garniture, furniture, household electrical appliances and communications, etc.

代理外国投资者、香港、台湾、澳门投资商及国内投资商和机构在中国境内设立外商投资企业、投资项目的立项、审批、注册、登记全过程服务，主要服务的城市有深圳市、广州市、上海市、北京市、天津市、东莞市、惠州市、成都市，可投资项目有房地产、进出口贸易、转口贸易、物流，货物运输、仓储服务、国际货运代理、国际快递业务、航运、船舶代理、投资咨询，各类信息咨询，生产制造，电子信息、传统机械、汽车零配件，服装、家具、家用电器，通信等产品和项目

Each year since 1995, the Carl Duisberg Gesellschaft - now known as InWEnt - Capacity Building International - organizes an annual conference focused on issues of sustainable development that are of particular relevance to the private ….

社会责任投资落基山会议是美国社会责任投资行业的年度聚会。社会责任投资落基山会议是为来自各地富有激情和创造力的社会责任投资团体制造接触和互相交流机会的一个专业会议。。。。。

Education2002/09-2003/12 Maastricht University, NetherlandsMaster of Social Security1989/09-1993/07 Renmin University of ChinaBachelorProfessional certificationFRMThe China Securities Association, a practicing certificateCurrent treatment minimum wage: RMB 530,004 / year = 44,167 / month × year fixed-DecemberExperience2007/07- present Union Life Beijing Company Compliance Risk Management Department / General Manager of Corporate Risk Management Committee Member and the Investment Management Committee members of BeijingReporting Objects: Company CROWork: Economic Capital Management asset-liability management comprehensive risk management Compliance Management Investment Risk Management Investment Performance Evaluation Management Legal Services Corporate Risk Management Committee Member, and the investment management committee members, participation in pension and asset management companies to build.2003/11-2007/06 Taikang Life Beijing Company Risk Management / Manager BeijingReporting object: department headWork: measuring market risk economic capital and credit risk economic capital integration of the entire company's economic capital, including the insurance risk and operational risk economic capital, economic capital internal controls and operational risk management a variety of risk analysis and asset liability management study capital management and capital allocation Risk Management and Performance Evaluation liability company-wide asset-liability management in the enterprise annuity on training and preparation for data preparation, as well as the preparation of Tyco pension.

教育背景2002/09-2003/12 荷兰马斯特里赫特大学社会保障硕士1989/09-1993/07 中国人民大学经济学学士专业证照FRM 中国证券协会执业证书目前待遇基本工资：人民币 530，004/年＝ 44，167 /月×全年固定12月工作经历2007/07-至今合众人寿北京总公司风险合规管理部/总经理公司风险管理委员会会员以及投资管理委员会会员北京汇报对象：公司CRO工作内容：经济资本管理资产负债管理全面风险管理合规管理投资风险管理投资绩效评估管理公司法律事务公司风险管理委员会会员以及投资管理委员会会员，参与养老金公司和资产管理公司筹建。2003/11-2007/06 泰康人寿北京总公司风险管理部/经理北京汇报对象：部门负责人工作内容：计量市场风险经济资本和信用风险经济资本整合整个公司旳经济资本，包括保险风险经济资本和业务风险经济资本内部控制和操作风险的管理各种风险的分析以及资产负债管理研究资本管理和资本配置风险管理和绩效评估负债整个公司资产负债管理参与企业年金的关于培训和筹备资料准备以及泰康养老金筹建。

On the basis of analysis of affected factors, a hierarchic model of decision-making in real estate investment is set up and AHP is used to analyze the investment decision. It is proved that it is feasible to make investment decisions with the AHP method.

在对房地产投资决策影响因素进行分析的基础上，建立了房地产投资决策的层次结构模型，并运用AHP法进行房地产投资决策分析，从而证明运用AHP法进行房地产投资决策是完全可行的。

This thesis seeks for the reforming and developing direction to the state-owned enterprises based on the human capital investment. In this thesis, it is one of the basic studies that researching the theory of human capital investment systemically and the theoretical frame of the human capital investment on enterprises, and the other is analyzing the problems on the human capital investment and finding out the method to settle those problems.

基于上述原因，笔者将"我国国有企业的人力资本投资问题研究"作为毕业论文的研究课题，试图从人力资本投资的角度出发，来探索我国国有企业的改革与发展之路，并把研究重点放在了两个方面：一是系统研究人力资本相关理论及企业人力资本投资的理论框架，二是针对我国国有企业的实际情况，分析其在人力资本投资过程中存在的问题及解决办法。

Results show that there are four characteristics, three advantages and four disadvantages in Yunnan investment environment. And we may divide investment environment of Yunnan province into four classes, three areas and three types. Therefore, optimizes on its investment environment should be well considered and planed as a whole. Therefore, people should put emphases on optimizes of human geography investment environment system, and treat differently on regional investment environment, and improve the occasion.

研究结果显示，云南省投资环境具有四个特点、三大优势和四项弱势，可以分为四个等级、三个区域和三种类型，对其投资环境的优化应该在全面考虑、统筹安排的基础上，以人文投资环境系统的优化为重点，对地区投资环境优化则应区别对待、因势利导。

The hold-up problem applies when an agent making an investment is unable to receive all the benefits that accrue from the investment.

内容摘要：敲竹杠问题的本质是指投资主体不能获得自己投资的全部边际回报的现象，这必然引起投资不足或投资激励问题。

I'm strongly against the death penalty — it's an eye for an eye.

我不赞成死刑——这是以牙还牙的报复行为。

And to get you the support you need, we're enlisting all elements of our national power: our diplomacy and development, our economic might and our moral suasion, so that you and the rest of our military do not bear the burden of our security alone.

并给你们所须的支援，我们正徵召国家所有各种的力量：我们的外交及发展，我们的经济力量与道德劝说，所以你们与其他军人不须要孤独地负起国家安全的责任。