Title :
Applying portfolio theory to the valuation of forest biodiversity
Author :
Qu Yanmei ; Tian Guoshuang
Author_Institution :
Sch. of Econ. & Manage., Heilongjiang Inst. of Technol., Harbin, China
Abstract :
Research on the similarity between securities portfolio diversity and forest biodiversity and the return-risk problem of forest biodiversity is preliminarily recognized. This article first comments on Markowitz´s portfolio theory, then analyzes the feasibility to introduce this theory to value measurement of forest biodiversity assets, and explores how to make use of this theory to price forest biodiversity, which is to provide a new thought to measure the value of forest biodiversity assets.
Keywords :
pricing; Markowitz portfolio theory; applying portfolio theory; forest biodiversity valuation; price forest biodiversity; return-risk problem; Biodiversity; Biological system modeling; Economics; Ecosystems; Investments; Portfolios; Pricing; forest biodiversity; portfolio; rate of return on investment; value measurement;
Conference_Titel :
Management Science and Industrial Engineering (MSIE), 2011 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4244-8383-9
DOI :
10.1109/MSIE.2011.5707656
