本文選題：PPP　切入點：融資效率　出處：《北京郵電大學(xué)》2017年碩士論文

【摘要】：我國發(fā)改委于2015年對PPP模式進(jìn)行了大力推介,兩個批次的推介項目總投資達(dá)3.5萬億元,總計包含2125個項目�？梢娡ㄟ^吸引社會資金來參與基礎(chǔ)設(shè)施的建設(shè)已經(jīng)成了我國政府力推的新型模式,在未來很長一段時間中,PPP模式在各個領(lǐng)域的應(yīng)用必然成為趨勢。然而目前對這個新型融資模式的量化模型研究仍然有限,導(dǎo)致項目在決策和實施過程中缺乏可靠的理論依據(jù)。尤其是在其融資效率的研究方面,作為PPP融資模式的主要特征和優(yōu)勢,對其融資效率的評價和優(yōu)化研究將有力的支撐此模式的科學(xué)化應(yīng)用和推廣。論文以PPP項目自身為研究對象和出發(fā)點,基于PPP項目中融資效率的相關(guān)理論基礎(chǔ),通過對PPP項目的融資效率評價及優(yōu)化的特征進(jìn)行分析,將PPP項目融資效率評價和優(yōu)化問題劃分為了 PPP項目融資效率評價、基于模擬的PPP項目融資方案評價和PPP項目融資方案的優(yōu)化三個子研究問題。研究中,應(yīng)用了數(shù)據(jù)包絡(luò)法建立PPP項目的融資效率評價,結(jié)合了 DEA和蒙特卡羅模擬來預(yù)測融資方案的可能結(jié)果,并通過整合實物期權(quán)和博弈論建立了 RO-GM模型對量化不確定性的總投資進(jìn)行最優(yōu)分配。最終通過整合得到系統(tǒng)性的PPP項目融資效率評價和優(yōu)化模型。通過應(yīng)用本文的模型,可得到具體PPP項目包含融資效率相對有效性、融資方案目標(biāo)值、融資方案實施結(jié)果概率分布和優(yōu)化融資總額、最優(yōu)投資分配策略在內(nèi)的整體PPP項目融資效率評價和優(yōu)化結(jié)果。對此結(jié)果的有效應(yīng)用可在PPP項目實施的不同階段均發(fā)揮實際的應(yīng)用價值,用可視化的數(shù)據(jù)依據(jù)提供決策支持,并可在PPP模式的推廣過程中應(yīng)用科學(xué)的方法為其應(yīng)用和普及提供理論參考。
[Abstract]:The National Development and Reform Commission (NDRC) vigorously introduced the PPP model in 2015, with a total investment of 3.5 trillion yuan for the two batches of promotion projects. There are a total of 2125 projects. It can be seen that attracting social funds to participate in the construction of infrastructure has become a new model pushed by our government. For a long time in the future, the application of PPP model in various fields will become a trend. However, the research on the quantitative model of this new financing model is still limited. It leads to the lack of reliable theoretical basis in the decision-making and implementation of the project, especially in the research of its financing efficiency, as the main characteristics and advantages of the PPP financing model. The evaluation and optimization of its financing efficiency will support the scientific application and popularization of this model. This paper takes the PPP project itself as the research object and starting point, based on the related theory foundation of the financing efficiency in the PPP project. By analyzing the characteristics of the evaluation and optimization of the financing efficiency of the PPP project, the evaluation and optimization of the financing efficiency of the PPP project are divided into the evaluation of the financing efficiency of the PPP project. There are three sub-studies on the evaluation of PPP project financing scheme based on simulation and the optimization of PPP project financing scheme. In the study, the data envelopment method is applied to establish the evaluation of the financing efficiency of PPP project. Combining DEA and Monte Carlo simulations to predict the possible outcome of the financing scheme, By integrating real options and game theory, the optimal allocation of total investment with quantitative uncertainty is established by RO-GM model. Finally, a systematic evaluation and optimization model of PPP project financing efficiency is obtained by integration. Specific PPP projects can be obtained, including the relative effectiveness of financing efficiency, the target value of the financing scheme, the probability distribution of the results of the implementation of the financing scheme and the optimization of the total amount of financing. The evaluation and optimization results of the overall PPP project financing efficiency including the optimal investment allocation strategy. The effective application of this result can bring into play the practical application value in different stages of the implementation of the PPP project, and provide decision support with visual data basis. The method of applying science can provide theoretical reference for its application and popularization in the process of popularizing PPP model.
【學(xué)位授予單位】：北京郵電大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F224;F283

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 吳孝靈;周晶;彭以忱;段慶康;;基于公私博弈的PPP項目政府補(bǔ)償機(jī)制研究[J];中國管理科學(xué);2013年S1期

2 高山;;基于DEA方法的科技型中小企業(yè)融資效率研究[J];會計之友(下旬刊);2010年03期

3 魯慶成;任潤堂;;PPP融資模式在我國鐵路融資中的應(yīng)用研究[J];鐵道工程學(xué)報;2007年09期

4 陳柳欽;城市軌道交通建設(shè)的PPP融資模式[J];中國鐵路;2005年09期

5 王灝;PPP的定義和分類研究[J];都市快軌交通;2004年05期

6 劉力昌,馮根福,張道宏,毛紅霞;基于DEA的上市公司股權(quán)融資效率評價[J];系統(tǒng)工程;2004年01期

7 張震宇;特許經(jīng)營權(quán)資產(chǎn)價值的形成及評估方法探討[J];中國資產(chǎn)評估;2001年05期

8 魏開文;中小企業(yè)融資效率模糊分析[J];金融研究;2001年06期

9 曾康霖,曾立;論企業(yè)融資選擇[J];金融管理科學(xué).河南金融管理干部學(xué)院學(xué)報;1996年03期

10 曾康霖;;怎樣看待直接融資與間接融資[J];金融研究;1993年10期

相關(guān)博士學(xué)位論文 前1條

1 梁冬玲;PPP模式建設(shè)項目隱性風(fēng)險研究[D];東北林業(yè)大學(xué);2014年

相關(guān)碩士學(xué)位論文 前4條

1 吳曉麗;鐵路PPP項目融資風(fēng)險識別與量化管理研究[D];蘭州交通大學(xué);2015年

2 劉全芝;遼寧省農(nóng)村水利設(shè)施投融資效率及PPP應(yīng)用研究[D];沈陽建筑大學(xué);2013年

3 何軍;高速鐵路PPP投融資模式研究[D];北京交通大學(xué);2010年

4 孫豐旋;城市軌道交通融資模式研究[D];華中科技大學(xué);2006年

，

本文編號：1689530