The Problem of Real Option and Its Frontier Commentary

The method of real option has already become an important tool in the fields of enterprises value evaluation, company finance, strategy investment management, investment decision, finance analysis, corporation merger and acquisition and so on. But there is a lot of problems in both theory and practical application for the method of real option. This article will analyze the research frontier problem of real option and indicate the further research direction.     

OPTIMIZATION OF BIPARTITE JOINS WITH GRAPH THGORY

An optimization approach for multi-relational joins based on the matching concept in graph theory is introduced. The basic idea lies in constructing a join graph from an expression of N-relation query, and seeking for a maximun matching with minimun total weight. The algorithm for bipartition(X, Y) is proposed in this paper.     

RESEARCH ON A KIND OF GREY LINEAR PROGRAMMING AND THEIR DUAL THEORIES

In this paper, a kind of grey linear programming with grey interval coefficients is discussed,the definitions of the first and second whitenized linear programmlngs and the grey dual linear programmings are presented, the relationships between the solutions of the above three kinds of programming and the solution of the primal programming are explored, and some new conclusions are obtained.     

Prediction of the Economic Development for the Circumjacent Reservoir Region of the Longtan Hydropower Project Using Grey Quantitative Analog

In order to overcome some technical difficulties,we adopt ingenously the grey models combined with the quantitative analog method,and select the Dan Jiangkou Project which has accumulated practical operation data for a long time as the analog project to predict the economic influence for the circumjacent reservoir region of the Longtan hydropower project.On the basis of analog we have built various industrial economic grey models,and compare them with the corresponding predictions for the unconstructed reservoir case.The predictions of the former are greatly larger than the later ones.and hence provides a certain scientific basis for the central leaders to make a decision for constructing the huge hydropower project ultimateiy.     

The Maximum Edge-Edge Connectivity of Quasi-Regular Graphs

The edge-edge connectivity of a graph is defined,and a class of quasi-regulargraphs is proposed with a maximum edge-edge connectivity.     

Customer Service Satisfaction Evaluation System and Method Viewed From Supply Chain Management

Based on experience in customer service evaluation,through the analysis of many factors affecting customer satisfaction calculation estimate, customer service evaluation rules as well as customer-oriented and supply chain partner-oriented methods are developed and discussed from the view of supply chain, besides, we construct two sets of customer satisfaction evaluation systems, in which we perform non-dimensional analysis on evaluation system to form single factor evaluation matrix after using improved AHP to determine each factor item's weighting ,utilizing fuzzy decision theory to construct evaluation model for integrated estimate. This evaluation method is scientific, round and objective with more stability and convienience in practical use.     

Parsimonious Covering Probability Model for Turbogenerator Vibration Faulty Diagnosis

The turbogenerator vibration faults have the character of variety. Many faults often occur synchronously. This paper introduces a diagnosing model based on parsimonious covering theory and probability. A model for turtogenerator's fault diagnosis is proposed. The availability of this method is proved by two fault diagnosis examples of turbogenerator. The results show that the model proposed can be used for multi_fault diagnosis together. It may make up shortage for some of expert systems and neural networks in some aspect. From the practice,this model has higher reliability and practicability.     

Synthetic Assessment of Power Transformer Condition Based on Matter-element Theory

Condition assessment on power transformer is an important approach to improve reliability of transformer and provide proper decision-making for condition-based maintenance. For long, static assessment method used in the past has already not adapted to the development of modem electricity transmission and distribution technology. So based on the deficiency of fuzzy synthetic assessment method, matter-element synthetic assessment method is introduced. The method can evaluate transformer condition not only in quality but also in quantity. Because each index weight can be given fairly and fast through improved analytic hierarchy process, which need not carry on consistency chec accuracy of assessment can be improved. Examples analysis has proved that assessment method of power transformer condition based on matter-element theory is rational and effective.     

Incentive Mechanism for Team Cooperation Based on Implicit Side Contract

Aiming at the free-riding problem in team incentive, this paper designs a dynamic incentive mechanism based on implicit side contract with dynamic game theory by introducing the reasonable assumption that there is horizontal monitor in team production. The theoretic analysis indicates that the dynamic incentive mechanism, in which a strict group incentive compatibility contract is taken at the first stage and an individual incentive compatibility contract is taken at the second stage, can implement team cooperation uniquely in the general condition of risk aversion and stochastic production by only two stage repeated game.