öλÔÓéÀֵǼÈë¿ÚÏÂÔØ

1. Ò»¸ö¼òµ¥µÄ×ʱ¾Ô¤Ëã·¨Ôò£ºÏîÄ¿µÄÕÛÏÖÂÊÓ¦¸ÃµÈÓÚͬÑù·çÏÕˮƽµÄ½ðÈÚ×ʲúÆÚÍûÊÕÒæÂÊ¡£

                            ÆäÖУ¬ÕÛÏÖÂÊ = ±ØÒªÊÕÒæÂÊ = ×ʱ¾³É±¾£¬È¡¾öÓÚÏîÄ¿·çÏÕ¶ø²»ÊÇ×ʽðÀ´Ô´¡£

                            ¼ÓȨƽ¾ù×ʱ¾³É±¾ 

                            ƽ¾ù·¢Ðгɱ¾ÀàËÆ¡£

2. ʹÓÃCAPM¹À¼ÆȨÒæ×ʱ¾³É±¾

         ¸ù¾Ý¹«Ê½£¬ÐèÒª¹ÀËãÒÔÏÂÈý¸ö±äÁ¿£º

         1. ÎÞ·çÏÕÀûÂÊ£ºÓÉÓÚCAPMÊÇÖðÆÚÄ£ÐÍ£¬Ñ¡Ôñ¶ÌÆÚ²ÆÎñÊÕÒæÂÊ£¬Ñ¡ÔñÒ»ÄêÆÚ¹úÕ®ÀûÂÊ¡£

                                       δÀ´XÄêÔ¤ÆÚµÄÒ»ÄêÆÚƽ¾ùÀûÂÊΪ£¬×î½üXÄêÆÚ¹úÕ®ÊÕÒæ¼õÈ¥ÆÚÏÞÒç¼Û¡£

         2. Êг¡·çÏÕÒç¼Û£ºÔËÓÃÀúÊ·Êý¾Ý»òÕßʹÓùÉÀûÕÛÏÖÄ£ÐÍDDM¡£

                                               ÆäÖÐDDM£º×ʱ¾³É±¾r = ÏÂÒ»Äê¹ÉÀûÊÕÒæÂÊD/P + ¹ÉÀûÔö³¤ÂÊg

                                               £¨ÎÊÌ⣺µÍ¹ÉÀûÊÇ·ñÈÔÓиß×ʱ¾³É±¾£¿£©

         3. ±´ËþµÄ¹À¼Æ£ºÀûÓöà¸ö¹Û²âÖµ£¬°´ÕÕ±´ËþµÄ¹«Ê½½øÐйÀ¼Æ¡£

                                       ´æÔÚÎÊÌ⣺1. ±´Ëþ¿ÉÄÜËæʱ¼äÍÆÒÆ·¢Éú±ä»¯¡£

                                                                 2. Ñù±¾ÈÝÁ¿¿ÉÄÜ̫С¡£

                                                                 3. ±´ËþÊܲÆÎñ¸Ü¸ËºÍ¾­Óª·çÏձ仯µÄÓ°Ïì

                                       ½â¾ö°ì·¨£º1. ÎÊÌâ1,2,¿ÉÒÔͨ¹ý¸ü¼Ó¸´ÔÓµÄͳ¼Æ¼¼Êõ¼ÓÒÔ»º½â¡£

                                                                 2. ÎÊÌâ3£¬¸ù¾Ý²ÆÎñ·çÏպ;­Óª·çÏձ仯¶Ô±´Ëþ×öÏàÓ¦µ÷Õû¡£

                                                                 3. ×¢ÒâͬÐÐÒµÀàËÆÆóÒµµÄƽ¾ù±´Ëþ¹À¼Æ¡£

3. Èç¹û¹«Ë¾ËùÓÐÏîÄ¿¾ù°´Í¬Ò»¸öÕÛÏÖÂÊÕÛÏÖ£¿

         ÓпÉÄܽÓÊÕ²»Ó¯ÀûµÄ¸ß·çÏÕÏîÄ¿£¨Aµã£©

         »òÕß½ÓÊÕÓ¯ÀûµÄµÍ·çÏÕÏîÄ¿£¨Bµã£©£¬ÈçÓÒͼ

4. ΪʲôÓвÆÎñ¸Ü¸ËµÄÇé¿öÏ£¬È¨Òæ±´ËþÒ»¶¨´óÓÚ×ʲú±´Ëþ£¿

         ×ʲú±´Ëþ = S/(S+B) x ȨÒæ±´Ëþ + B/(S+B) x ¸ºÕ®±´Ëþ

                               ÆäÖиºÕ®±´Ëþ½üËÆÓÚÁ㣬Òò´Ë