【作者】 孙海彦；

【导师】 尚天成；

【作者基本信息】 天津大学 ， 工程管理， 2007， 硕士

【摘要】 房地产业已是我国经济快速发展的主要推动产业之一,房地产业稳定健康的发展对我国经济增长将产生深远的影响,国内房地产企业的融资结构优化研究也成为国内研究的重点。本文研究目的是为房地产企业进行融资结构决策提供合理的科学的方法模型,以促进房地产企业的健康发展,进而促进整个行业的稳定发展。在分析我国房地产企业融资结构现状及存在主要问题的基础上,阐述了房产融资企业结构优化研究的重要性;对国内外现行企业融资结构理论和模型进行分析评价,使这些理论的局限性在本文的研究中得以完善和优化;在对国内房地产企业融资结构内涵进行重新界定基础上,分析影响我国房地产企业融资结构优化的因素,进而建立融资结构优化的评价指标,为决策的合理性和科学性打下基础。在房地产企业的现状、融资结构理论、影响因素的分析评价基础上,本文引进了熵优化、熵权、多目标决策和群决策理论,构建了的熵优化多目标群决策模型,对房地产企业融资方案进行优化选择,进而得到在既定指标下的最优方案,决定房地产企业的最优融资结构。熵优化多目标决策模型进行决策的过程中,全部体现了优化的理念,从指标选取、专家组群确定以群决策都进行了的科学的合理的优化。从而得出房地产企业融资结构优化决策是一个复杂的多层面的系统性的问题的结论。本文在静态条件下得出最优融资结构,没有实现融资结构的动态性,这也是将来的研究方向。更多还原

【Abstract】 The real estate industry is one of the industries that promote the fast economy growth of China. The steady and healthy development of real estate will produce a far-reaching influence on the Chinese economy growth. The study on financing structure optimization of domestic real estate enterprises has become a focal point in academia. The purpose of this paper is to offer a reasonable and scientific model for the financing structure decision-making of the real estate enterprises, which is expected to promote the development of the real estate industry healthily and to guarantee the development of the whole industry stably.First, based on the analysis of current financing structure and main problems of Chinese real estate enterprises,,this paper expounds the importance of study on the financing structure optimization of real estate enterprises. The limitation of the financing structural theories and models of current domestic and international enterprises are analyzed and evaluated to suit the research of this paper. Then the factors influencing the financing structure optimization of the real estate enterprises in China are analyzed on the basis of defining the financing structure of the domestic real estate enterprises to develop the evaluation index of the financing structure optimization, which establishes the foundation for reasonable and scientific decision-making.This paper introduces theories of entropy optimization, entropy right and multi-objective decision-making on the basis of analysis and evaluation of current situation of real estate enterprises, the theory of financing structure and the influencing factors of real estate enterprises, and designs the multi-objective decision-making model based on entropy optimization which could obtain the optimum scheme of real estate enterprises. The multi-decision model based on entropy optimization embodies the idea of optimization in decision-making and has a scientific and reasonable optimization in selecting indexes, deciding expert group and group decision-making. At last, the conclusion that the financing structure optimization decision of real estate enterprises is a complicated and systematic problem is achieved. However, the optimum financing structure achieved in this paper is under static conditions, the dynamics in financing structure is the direction of future study.更多还原