CAJ | 학술논문

涉及大宗建材交易，交易双方往往都要承担很大的价格风险，不同时点风险又过于集中到交易一方，基于期权理论提出建材交易的期权管理模式作为解决该问题的新思路。首先论证解决建材价格波动问题的必要性，接着介绍建材交易期权管理模式的框架构成，最后借助期权定价模型和Crystal Ball软件来计算建材期权的理论价格，并进行了实例验证。运作该模式的目的是统筹管理一定时域、地域上的建材交易业务，来实现交易双方持续、协调和稳定的发展。
섭급대종건재교역，교역쌍방왕왕도요승담흔대적개격풍험，불동시점풍험우과우집중도교역일방，기우기권이론제출건재교역적기권관리모식작위해결해문제적신사로。수선론증해결건재개격파동문제적필요성，접착개소건재교역기권관리모식적광가구성，최후차조기권정개모형화Crystal Ball연건래계산건재기권적이론개격，병진행료실례험증。운작해모식적목적시통주관리일정시역、지역상적건재교역업무，래실현교역쌍방지속、협조화은정적발전。
Referring to the vast building material transaction, both Seller and Buyer would tolerate great risk of the price, directing toward at one side in different time frequently. Option management mode for building material transaction basing on the theory of op- tion would be proposed as a new solution to this problem. The necessity of resolving the price fluctuation should be demonstrated first, and then introduced the frame constitution of this mode. At last, it was to calculate the theoretical price of building material option with the option pricing model and Crystal Ball software, and carry out example to validate it. The purpose of the operation this mode was to overall the management of building materials trading business in a certain time - domain and region, so as to a- chieve both sides＇ continuous, coordinated and stable development.