2020鍜ㄨ宸ョ▼甯€冭│銆婃柟娉曞鍕�(w霉)銆嬫彁鍗囬锛�19锛�

鏌愰爡鐩渶瑕佹姇璩�2500钀厓锛岄仈鐢�(ch菐n)绗竴骞寸殑閵峰敭鏀跺叆鐐�4000钀厓锛屽挩瑭㈠伐绋嬪斧閲囩敤鍍瑰€奸張鐞嗚珫灏嶄紒妤�(y猫)閫茶浜嗗児鍊煎垎鏋�锛屼笖寰楀嚭闋呯洰鐨勬垚灏卞彇姹轰簬鐢熺敘(ch菐n)宸ヨ棟鏄惁鍏堥€�,浠ュ強鐢�(ch菐n)鍝佸競鍫撮渶姹傞噺鐨勫ぇ灏�銆傚張閫氶亷閲囩敤鑰佸斧瑾�(di脿o)鏌绘硶閫茶鍒嗘瀽锛岃獚鐐哄彲鑳藉嚭鐝�(xi脿n)4绋媭鎱�(t脿i)锛屽琛�6-1鎵€绀�銆�

銆愬晱椤屻€�

1.璜嬭鏄庡児鍊奸張鍒嗘瀽鏅傞爤鑰冩叜鐨勪紒妤�(y猫)娲诲嫊鏈夊摢浜�?

2.绨¤堪缍�(j墨ng)婵熸晥鐩婅垏璨荤敤鐨勪及绠楀師鍓囥€�

3.瑷堢畻鍚勭媭鎱�(t脿i)涓嬮爡鐩殑璨″嫏(w霉)鍑堢従(xi脿n)鍊�銆�

4.瑷堢畻璨″嫏(w霉)鍑堢従(xi脿n)鍊肩殑鏈熸湜鍊�锛屽苟鍒ゆ柗鎶曡硣鏄惁璨″嫏(w霉)鍙銆�

銆庡弮鑰冪瓟妗堛€�

1.閲囩敤鍍瑰€奸張鍒嗘瀽鏅備富瑕佽€冩叜浼佹キ(y猫)鐨勫熀鏈椿鍕曞拰杓斿姪娲诲嫊銆�

鍩烘湰娲诲嫊鏄寚鍦ㄧ墿璩�(zh矛)褰㈡厠(t脿i)涓婂埗閫犵敘(ch菐n)鍝�銆侀姺鍞拰鐧�(f膩)閫佽嚦瀹㈡埗鎵嬩腑浠ュ強鍦ㄥ敭鍚庢湇鍕�(w霉)涓墍鍖呭惈鐨勫悇绋椿鍕�锛屽畠鐩存帴鍓�(chu脿ng)閫犲児鍊煎苟灏囧児鍊煎偝閬炵郸瀹㈡埗銆�

鍖呮嫭锛氣憼鍘熸潗鏂欓€茶波;鈶＄敓鐢�(ch菐n);鈶㈤姺鍞�;鈶ｇ櫦(f膩)璨�;鈶ゅ敭鍚庢湇鍕�(w霉)銆�

杓斿姪娲诲嫊鏄偤鍩烘湰娲诲嫊鎻愪緵鏀拹姊濅欢锛屾彁楂樺熀鏈椿鍕曠妇鏁堟按骞冲苟鐩镐簰鏀寔鐨勬椿鍕� 锛屽畠涓嶇洿鎺ュ壍(chu脿ng)閫犲児鍊�銆�

鍖呮嫭锛氣憼閲囪臣;鈶＄爺绌惰垏闁嬬櫦(f膩);鈶汉鍔涜硣婧愮鐞�;鈶ｄ紒妤�(y猫)鍩虹(ch菙)娲诲嫊銆�

2.绨¤堪缍�(j墨ng)婵熸晥鐩婅垏璨荤敤鐨勪及绠楀師鍓�銆�

绛旓細缍�(j墨ng)婵熸晥鐩婅垏璨荤敤鐨勪及绠楀師鍓囧寘鎷細

(1)鏀粯鎰忔効鍘熷墖銆傞爡鐩敘(ch菐n)鍑虹墿姝ｉ潰鏁堢泭鐨勮▓绠楁噳(y墨ng)閬靛惊鏀粯鎰忔効(WTP)鍘熷墖锛屽垎鏋愮ぞ鏈冩垚鍝＄偤闋呯洰鐢�(ch菐n)鍑烘効鎰忔敮浠樼殑鍍瑰€笺€�

(2)鍙楀劅鎰忔効鍘熷墖銆傞爡鐩敘(ch菐n)鍑鸿矤闈㈠奖闊跨殑瑷堢畻鎳�(y墨ng)閬靛惊鎺ュ彈瑁滃劅鎰忔効(WTA)鍘熷墖锛屽垎鏋愮ぞ鏈冩垚鍝＄偤鎺ュ彈閫欑ó涓嶅埄褰遍熆鎵€瑕佹眰瑁滃劅?sh霉)鑶瑀鍊�銆�

(3)姗熸渻鎴愭湰鍘熷墖銆傞爡鐩姇鍏ョ墿鐨勭稉(j墨ng)婵熷児鍊肩殑瑷堢畻鎳�(y墨ng)閬靛惊姗熸渻鎴愭湰鍘熷墖锛屽垎鏋愰爡鐩墍鍗犵敤璩囨簮鐨勬鏈冩垚鏈�銆傛鏈冩垚鏈噳(y墨ng)鎸夎┎璩囨簮鐨勬渶浣冲彲琛屾浛浠ｇ敤閫�(鍙堢ū娆″劒(y艒u)鐢ㄩ€�)鎵€鐢�(ch菐n)鐢熺殑鏁堢泭瑷堢畻銆�

(4)瀵﹂殯鍍瑰€艰▓绠楀師鍓�銆傞爡鐩稉(j墨ng)婵熷垎鏋愭噳(y墨ng)灏嶆墍鏈夋晥鐩婂拰璨荤敤閲囩敤鍙嶆槧璩囨簮鐪熷鍍瑰€肩殑瀵﹂殯鍍规牸閫茶瑷堢畻,涓嶈€冩叜閫氳波鑶ㄨ劰鍥犵礌鐨勫奖闊�锛屼絾鍙€冩叜鐩稿皪鍍规牸璁婂嫊銆�

3.鍚勭媭鎱�(t脿i)涓嬮爡鐩殑璨″嫏(w霉)鍑堢従(xi脿n)鍊艰▓绠楀涓嬶細

(1)NPV1=-2500+(4000-2000)×(1+10%)-1+(4000-2000)×(1+10%)-2+(4000-2000)×(1+10%)-3=2474(钀厓);

(2)NPV2=-2500+(4000×0.8-2000)×(1+10%)-1+(4000×0.8-2000)×(1+10%)-2+(4000×0.8-2000)×(1+10%)-3=484(钀厓);

(3)NPV3=-2500+(4000×0.5-2000)×(1+10%)-1+(4000×0.5-2000)×(1+10%)-2+(4000×0.5-2000)×(1+10%)-3=-2500(钀厓);

(4)NPV4=-2500+(4000×0.3-2000)×(1+10%)-1+(4000×0.3-2000)×(1+10%)-2+(4000×0.3-2000)×(1+10%)-3=-4489(钀厓)銆�

4.瑷堢畻璨″嫏(w霉)鍑堢従(xi脿n)鍊肩殑鏈熸湜鍊�锛屽苟鍒ゆ柗鎶曡硣鏄惁璨″嫏(w霉)鍙銆�

瑙ｏ細璨″嫏(w霉)鍑堢従(xi脿n)鍊肩殑鏈熸湜鍊艰▓绠楀強璨″嫏(w霉)鍙鎬у垽鏂峰叿楂斿涓嬶細

(1)璨″嫏(w霉)鍑堢従(xi脿n)鍊肩殑鏈熸湜鍊肩偤锛�

2474×0.42+484×0.28-2500×0.18-4489×0.12=185.92(钀厓)銆�

(2)鍥犵偤185.92>0,鎵€浠ヨ┎鎶曡硣鍦ㄨ病鍕�(w霉)涓婂彲琛�銆�

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