CAJ | 학술논문

考虑到市场竞争的日益规范与激烈，尤其是近年来航运衍生市场的迅猛发展，将价格视为外生变量，基于期权理论，提出了国际集装箱海运企业运输协议动态定价的决策方法，建立了附带美式认购／认沽期权且符合现行法律体系规定的国际海上集装箱运输协议动态定价决策模型．基于伊藤引理及其相关性质，通过微分方程变换，实现了模型的有效求解．结合算例，给出了较为详尽的参数获取与估值方法．通过对算例的求解，分析了在附带美式认购／认沽期权的运输协议中，相关因素对运输协议动态定价决策的影响机理，模型的有效性也同时得到了较好的验证．
고필도시장경쟁적일익규범여격렬，우기시근년래항운연생시장적신맹발전，장개격시위외생변량，기우기권이론，제출료국제집장상해운기업운수협의동태정개적결책방법，건립료부대미식인구／인고기권차부합현행법률체계규정적국제해상집장상운수협의동태정개결책모형．기우이등인리급기상관성질，통과미분방정변환，실현료모형적유효구해．결합산례，급출료교위상진적삼수획취여고치방법．통과대산례적구해，분석료재부대미식인구／인고기권적운수협의중，상관인소대운수협의동태정개결책적영향궤리，모형적유효성야동시득도료교호적험증．
Considering the more and more regular and fierce market competition and especially the tremendous development of shipping derivative market in recent years, a method of dynamic pricing decision-making of service contracts for international container ocean shipping based on option theory, with prices as external variables, was put forward. A model with American put/call options and comply- ing with the current legal regime was built for dynamic pricing decision-making of service contracts for international container ocean shipping. On the basis of Ito Lemma and its properties concerned, the model was solved through transferring relevant differential equations. Based on certain numerical examples, the obtaining and estimation method of key parameters was described in detail. The affecting mechanism of relevant factors involved in service contracts with American call/put options was analyzed by solving the numerical examples; meanwhile, the effectiveness of the model was testified.