課程資訊
課程名稱
 企業評價與實質選擇權
CORPORATE VALUATION AND REAL OPTIONS 
開課學期
 95-2 
授課對象
 工學院  營建工程與管理組  
授課教師
 荷世平 
課號
 CIE7104 
課程識別碼
 521 M6540 
班次
  
學分
 3 
全/半年
 半年 
必/選修
 選修 
上課時間
 星期四6,7,8(13:20~16:20) 
上課地點
 新505 
備註
 先修科目：經濟學或工程經濟
總人數上限：20人 
  
課程簡介影片
 
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課程概述

(一)Capital asset pricing model (CAPM)
(二)Option pricing theory
(三)Numerical methods for option pricing
(四)Real options and its applications
(五)Corporate and project valuation
(六)Real options' valuation modeling
(七)Real options' parameter estimation
(八)Values of R&D, flexibility and future growth
(九)Risk exposure and value at risk
(十)Project financing and capital structure
(十一)Mergers and Acquisitions
 

課程目標
 This course aims to introduce modern theories in corporate valuation and real options and their applications in engineering financial decision making. Managers in Architectural/Engineering/Construction industries or BOT project promoters face the valuation of a corporation, project, or construction contract, and the results of the valuation process will have crucial financial impacts on the manager or promoter’s organizations. In this course, classical corporate valuation techniques will be introduced. Students will also learn the advanced valuation technique, namely, real options, which is appropriate for complex engineering financial decision making. The course will be taught in English. 
課程要求
 先修課程：經濟學或工程經濟 
預期每週課後學習時數
  
Office Hours
  
指定閱讀
  
參考書目
 Copeland, Tom, Koller, T. and Murrin, J. (1996). Valuation: Measuring and Managing the Value of the Companies. Second edition, John Wiley & Sons Inc., New York.
Copeland, Tom and Antikarov, Vladimir (2001). Real Options-A Practitioner’s Guide. TEXERE LLC, New York.
 
評量方式
(僅供參考)
  
No.
項目
百分比
說明
1. 
 Participation 
15% 
  
2. 
 Assignment 
25% 
  
3. 
 Midterm exam 
15% 
  
4. 
 Final exam 
25% 
  
5. 
 Term project 
20% 
  
 
課程進度
週次
日期
單元主題