學術產出-學位論文

題名 以實質選擇權評價商業決策—以數位相機專案決策為例
作者 黃順當
貢獻者 顏錫銘
黃順當
關鍵詞 實質選擇權
數位相機
投資決策
日期 2005
上傳時間 17-九月-2009 19:24:58 (UTC+8)
摘要 以實質選擇權的方法探討台灣消費性電子產業,在新產品開發過程中的決策點,期望能由其中歸納出適當可以簡易運用的模型供經理人員參考運用。更進ㄧ步藉由模型的結構化特性,以Lint & Penning的新產品開發程序(NPD)模型之結構,幫助經理人員分析各個考慮因素,對於最終決策的影響方向與影響程度加以量化,使經理人員在專案接近決策臨界點,比較模糊的狀況下,仍然能夠經由簡單的量化分析,做出正確的決策。
參考文獻 1. 李紹廷譯 (民93),”決策聖經”,商周出版,133-134頁。
2. 林家永(民91),“用實質選擇權方法評價加盟連鎖契約—以投資者觀點”,中山大學財務管理研究所碩士論文。
3. 林榮達,柯娟娟 (民91),“實質選擇權之進入與退出投資策略分析: 以乘冪型效用函數為例”,財務金融學術研討會,台灣財務金融學會(中興大學)。
4. 顏錫銘、吳明政 (民91),“存在多項R&D 投資計畫下的實質放棄選擇權評價方法”, 財務金融學術研討會,台灣財務金融學會(中興大學)。
5. 顏錫銘、吳明政 (民90),「創業投資公司投資案價值的評估--採用多重實質選擇權評價方法」,科技管理學刊,第六卷第一期,103-130頁
6. Black, F., and M. Scholes. (1973), “The Pricing of Options and Corporate Liabilities.” Journal of Political Economy 81 ,May-June,637-659.
7. Cooper, R.G. (1990), Stage-gate system for managing new product. Business Horizons, 33, 44-54
8. Dixit, A. K. and R. S. Pindyck, (1994), “Investment under Uncertainty”, Princeton University Press.
9. Dixit, A. K. and Pindyck R. S. (1995), “The Option Approach to Capital Investment”, Harvard Business Review, May-June, 105-115.
10. Ekehund, H., Johansson, M., and Mavruk, T., (2005), “Real Options Analysis Applied on Product development: A case study of Digital Illusion CE AB”, Master Thesis, School of Economic and Comercial Law, Goteborg University, Spring 2005.
11. Gupta, A.K., Raj, S.P. and Wilemon, D. (1986), “A model for studying the R&D interface in the product innovation race”, Journal of Marketing, 50, 7-17.
12. Han T.J. Smit, Lenos Trigeorgis, (2004), “Quantifying the Strategic Option Value of Technology Investments”, Real Options 8th Annual International Conference, Montréal Canada, June 17-19
13. Huchzermeier, A., Loch, C.H. (2001), “Project Management Under Risk: Using the Real Options Approach to Evaluate Flexibility in R&D”. Management Science, Volume: 47, Issue: 1. January 2001, P85-P101.
14. Hull, J.C., (2000), “Options, Futures, and other Derivatives”, fourth edition. Englewood Cliffs, NJ: Prentice Hall
15. Santiago, L.P., and Bifano, T.G., (2005), “Management of R&D Projects Under Uncertainty: A Multidimensional Approach to Managerial Flexibility”, IEEE Transactions on Engineering Management, Vol. 52, No. 2, May, P269-P280.
16. Lint, O., and Penning, E., (2001), “An option approach to the new product development process: a case study at Philips Electronics”, R&D Management, 31(2), 153-172.
17. Majd, S., and R. Pindyck, (1987), “Time to Build, Option Value, and Investment Decisions,” Journal of Financial Economics 18, March, pp. 7-27.
18. Myers, S.C. (1977), “Determinants of corporate Borrowing”, Journal of Financial Economics, 5, 146-175.
19. Paxson , D. A., (2003), “Genzyme Biosurgery: a virture real R&D option case”. In Dean. Paxson (ed.), Real R&D Options. Oxford: Butterworth-Heinemann, 280-284.
20. Truong, T., (2005), “Funding New Technology with Real Options”. Proceedings of the 2005 Crystal Ball User Conference
描述 碩士
國立政治大學
財務管理研究所
91932712
94
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0919327121
資料類型 thesis
dc.contributor.advisor 顏錫銘zh_TW
dc.contributor.author (作者) 黃順當zh_TW
dc.creator (作者) 黃順當zh_TW
dc.date (日期) 2005en_US
dc.date.accessioned 17-九月-2009 19:24:58 (UTC+8)-
dc.date.available 17-九月-2009 19:24:58 (UTC+8)-
dc.date.issued (上傳時間) 17-九月-2009 19:24:58 (UTC+8)-
dc.identifier (其他 識別碼) G0919327121en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/34083-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 財務管理研究所zh_TW
dc.description (描述) 91932712zh_TW
dc.description (描述) 94zh_TW
dc.description.abstract (摘要) 以實質選擇權的方法探討台灣消費性電子產業,在新產品開發過程中的決策點,期望能由其中歸納出適當可以簡易運用的模型供經理人員參考運用。更進ㄧ步藉由模型的結構化特性,以Lint & Penning的新產品開發程序(NPD)模型之結構,幫助經理人員分析各個考慮因素,對於最終決策的影響方向與影響程度加以量化,使經理人員在專案接近決策臨界點,比較模糊的狀況下,仍然能夠經由簡單的量化分析,做出正確的決策。zh_TW
dc.description.tableofcontents 第一章 緒論
第一節 研究背景與動機 ………………………………………… 6
第二節 研究範圍 ………………………………………………… 7
第三節 研究目的 ………………………………………………… 7
第四節 研究流程及架構 ………………………………………… 8
第二章 數位相機產業營運概況
第一節 光電產業概況 …………………………………………… 9
第二節 全球數位相機產業概況 ………………………………… 10
第三章 實質選擇權
第一節 實質選擇權起源 ………………………………………… 19
第二節 實質選擇權種類及應用 ………………………………… 19
第三節 實質選擇權評價的相關文獻 …………………………… 22
第四章 個案分析—數位相機產業的研發決策過程與實質選擇權
第一節 數位相機產品開發歷程 ………………………………… 28
第二節 個案研發決策歷程 ……………………………………… 28
第三節 個案數據資料蒐集 ……………………………………… 30
第四節 個案實質選擇權分析 …………………………………… 34
第五章 結論與建議
第一節 主要研究發現 ……………………………….………… 44
第二節 研究限制 ………………………………………………. 44
參考文獻 ………………………………………………………….. 45
附錄一 個案公司背景 …………………………………………...48
zh_TW
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dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0919327121en_US
dc.subject (關鍵詞) 實質選擇權zh_TW
dc.subject (關鍵詞) 數位相機zh_TW
dc.subject (關鍵詞) 投資決策zh_TW
dc.title (題名) 以實質選擇權評價商業決策—以數位相機專案決策為例zh_TW
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 1. 李紹廷譯 (民93),”決策聖經”,商周出版,133-134頁。zh_TW
dc.relation.reference (參考文獻) 2. 林家永(民91),“用實質選擇權方法評價加盟連鎖契約—以投資者觀點”,中山大學財務管理研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 3. 林榮達,柯娟娟 (民91),“實質選擇權之進入與退出投資策略分析: 以乘冪型效用函數為例”,財務金融學術研討會,台灣財務金融學會(中興大學)。zh_TW
dc.relation.reference (參考文獻) 4. 顏錫銘、吳明政 (民91),“存在多項R&D 投資計畫下的實質放棄選擇權評價方法”, 財務金融學術研討會,台灣財務金融學會(中興大學)。zh_TW
dc.relation.reference (參考文獻) 5. 顏錫銘、吳明政 (民90),「創業投資公司投資案價值的評估--採用多重實質選擇權評價方法」,科技管理學刊,第六卷第一期,103-130頁zh_TW
dc.relation.reference (參考文獻) 6. Black, F., and M. Scholes. (1973), “The Pricing of Options and Corporate Liabilities.” Journal of Political Economy 81 ,May-June,637-659.zh_TW
dc.relation.reference (參考文獻) 7. Cooper, R.G. (1990), Stage-gate system for managing new product. Business Horizons, 33, 44-54zh_TW
dc.relation.reference (參考文獻) 8. Dixit, A. K. and R. S. Pindyck, (1994), “Investment under Uncertainty”, Princeton University Press.zh_TW
dc.relation.reference (參考文獻) 9. Dixit, A. K. and Pindyck R. S. (1995), “The Option Approach to Capital Investment”, Harvard Business Review, May-June, 105-115.zh_TW
dc.relation.reference (參考文獻) 10. Ekehund, H., Johansson, M., and Mavruk, T., (2005), “Real Options Analysis Applied on Product development: A case study of Digital Illusion CE AB”, Master Thesis, School of Economic and Comercial Law, Goteborg University, Spring 2005.zh_TW
dc.relation.reference (參考文獻) 11. Gupta, A.K., Raj, S.P. and Wilemon, D. (1986), “A model for studying the R&D interface in the product innovation race”, Journal of Marketing, 50, 7-17.zh_TW
dc.relation.reference (參考文獻) 12. Han T.J. Smit, Lenos Trigeorgis, (2004), “Quantifying the Strategic Option Value of Technology Investments”, Real Options 8th Annual International Conference, Montréal Canada, June 17-19zh_TW
dc.relation.reference (參考文獻) 13. Huchzermeier, A., Loch, C.H. (2001), “Project Management Under Risk: Using the Real Options Approach to Evaluate Flexibility in R&D”. Management Science, Volume: 47, Issue: 1. January 2001, P85-P101.zh_TW
dc.relation.reference (參考文獻) 14. Hull, J.C., (2000), “Options, Futures, and other Derivatives”, fourth edition. Englewood Cliffs, NJ: Prentice Hallzh_TW
dc.relation.reference (參考文獻) 15. Santiago, L.P., and Bifano, T.G., (2005), “Management of R&D Projects Under Uncertainty: A Multidimensional Approach to Managerial Flexibility”, IEEE Transactions on Engineering Management, Vol. 52, No. 2, May, P269-P280.zh_TW
dc.relation.reference (參考文獻) 16. Lint, O., and Penning, E., (2001), “An option approach to the new product development process: a case study at Philips Electronics”, R&D Management, 31(2), 153-172.zh_TW
dc.relation.reference (參考文獻) 17. Majd, S., and R. Pindyck, (1987), “Time to Build, Option Value, and Investment Decisions,” Journal of Financial Economics 18, March, pp. 7-27.zh_TW
dc.relation.reference (參考文獻) 18. Myers, S.C. (1977), “Determinants of corporate Borrowing”, Journal of Financial Economics, 5, 146-175.zh_TW
dc.relation.reference (參考文獻) 19. Paxson , D. A., (2003), “Genzyme Biosurgery: a virture real R&D option case”. In Dean. Paxson (ed.), Real R&D Options. Oxford: Butterworth-Heinemann, 280-284.zh_TW
dc.relation.reference (參考文獻) 20. Truong, T., (2005), “Funding New Technology with Real Options”. Proceedings of the 2005 Crystal Ball User Conferencezh_TW