믡볆퇐뺿2004111쓜솦탔뺭볃ퟢ뷰:맺폐웳튵벨킧움볛탂쳥쾵Ξ폠ꆡ펱ꆡ쳆ퟚ쏷ꆡ돂캰(짏몣붻춨듳톧낲첩맜샭톧풺ꆡ200052)ꆾ햪튪ꆿ맺폐웳튵뗄벨킧움볛쳥쾵컞틉틑뺭돉캪맺폐웳튵룄룯맽돌훐튻룶맘볼뮷뷚,뿉캽쫇잣튻랢뛸뚯좫짭ꆣ놾컄듓뒫춳뗄벨킧움볛쳥쾵돶랢,쾵춳뇈뷏쇋죽훖움볛쳥쾵뗄폅쇓,늢퓚뇈뷏럖컶뗄믹뒡짏쳡돶쇋튻룶맺폐웳튵벨킧움볛뗄탂쳥쾵,튲뻍쫇쓜솦탔뺭볃ퟢ뷰움맀쳥쾵,놾컄ퟮ뫳뻍틔짏몣쫐듳탍맺폐웳튵캪퇹놾뗄쫔쯣뷡맻뷸탐쇋볲튪ퟜ뷡,쫔쯣뷡맻뇭쏷:쓜솦탔뺭볃ퟢ뷰퓚뫢솿웳튵벨킧뫍맜샭닣쓜솦랽쏦폐럇뎣듳뗄쪵볊펦폃볛횵ꆣꆾ맘볼듊ꆿ뺭볃ퟢ뷰ꆡ벨킧움볛ꆡ쓜솦탔웳튵벨킧움볛쫇웳튵랢햹맽돌훐뗄맘볼뮷뷚횮튻ꆣ쯦ퟅ맺캯릦쓜뚨캻뗄뇤,췪짆뫍붨솢튻쳗움볛듳탍맺폐웳튵벨킧뗄쳥쾵쿔뗃쪮럖훘튪ꆣ놾컄듓뒫춳뗄벨킧움볛쳥쾵돶랢,쾵춳뗘뇈뷏쇋죽듳뒫춳벨킧움볛쳥쾵뗄폅쇓,늢퓚듋믹뒡짏쳡돶쇋튻룶맺폐웳튵벨킧움볛뗄탂쳥쾵,튲뻍쫇쓜솦탔뺭볃ퟢ뷰움볛쳥쾵ꆣ컒쏇죏캪:뛔듳탍맺폐웳튵뺭펪튵벨뗄뾼달,펦떱틔볛횵뒴퓬캪훷,늢쫊떱뾼싇틲탐튵늻춬뛸떼훂뗄뺭펪튵벨닮틬ꆣ뻟쳥뛸퇔,뻍쫇붫듳탍맺폐웳튵뗄튵벨럖캪쓜솦탔ퟢ뷰뫍럇쓜솦탔ퟢ뷰솽늿럖럖뇰볓틔뾼달움볛,잰헟살ퟔ맜샭닣뗄얬솦,뫳헟살ퟔ폚탐튵뗄쳘쫢탔ꆣ헢퇹튻훖움볛쳥쾵뿉틔폐킧뗘헧뇰맜샭닣뗄쓜솦ꆣ퓚놾컄훐,컒쏇돽쇋쳡돶쟸럖쓜솦탔ퟢ뷰뫍럇쓜솦탔ퟢ뷰뗄룅쓮탔럖컶뿲볜췢,뮹뛔죧뫎볆쯣쓜솦탔ퟢ뷰폫럇쓜솦탔ퟢ뷰ퟶ쇋쿪쾸닻쫶,늢틔40볒짏몣뗄듳탍맺폐웳튵캪퇹놾뷸탐쇋쫔쯣,쫔쯣뷡맻뇭쏷:쓜솦탔뺭볃ퟢ뷰퓚뫢솿웳튵벨킧뫍맜샭닣쓜솦랽쏦폐럇뎣듳뗄쪵볊퓋폃볛횵ꆣ튻ꆢ뒫춳벨킧움볛쳥쾵뗄폅쇓뇈뷏컒쏇뛔좫쟲랶캧쓚뗄웳튵벨킧움볛쳥쾵뷸탐쇋뇈뷏짮죫뗄퇐뺿,퇐뺿뷡맻뇭쏷:쒿잰쪵볊훐닉폃뗄움볛쳥쾵뿉틔ퟜ뷡캪죽훖,벴틔뒫춳닆컱횸뇪캪믹뒡뗄웳튵벨킧움볛쳥쾵ꆢ틔욽뫢볇럖뾨캪믹뒡뗄웳튵벨킧움볛쳥쾵ꆢ틔뺭볃퓶볓횵캪믹뒡뗄웳튵벨킧움볛쳥쾵ꆣ1.틔뒫춳닆컱횸뇪캪믹뒡뗄벨킧움볛쳥쾵헢튻쳥쾵훷튪듓뒫춳닆컱횸뇪(죧뺻닺쫕틦싊뗈)돶랢,붨솢튻룶웳튵벨킧움볛쳥쾵,듓쪵볹살뾴,평폚떥튻닆컱횸뇪쳥쾵컞램좫쏦뫢솿웳튵튵벨늢쟒죝틗쫜떽닙ퟝ,쪵볹훐쟣쿲폚닉좡톡퓱튻ퟩ뮥쿠펰쿬뗄닆컱횸뇪뗄ퟶ램,닆헾늿폚2002쓪냤늼뗄ꆶ맺폐놾뷰벨킧움볛맦퓲ꆷ,듳훂뿉틔맩캪헢튻샠ꆣ룃쳥쾵평벨킧움볛훆뛈ꆢ벨킧움볛횸뇪ꆢ벨킧움볛뇪ힼꆢ벨킧움볛ퟩ횯쯄룶ퟓ쾵춳릹돉ꆣ웤훐,벨킧움볛Ξ놾뿎쳢뗃떽짏몣맺캯뗄훺뫍횧돖,뷷듋훂킻ꆣ놾싛컄쫇뿎쳢ퟩ뗄튻룶톧쫵퇐뺿돉맻,늻듺뇭죎뫎맙랽틢볻,쯹폐뗄쒣쓢닢쯣뻹늻듺뇭맺캯뛔웳튵뗄쪵볊움볛ꆣ43' 1994-2010 China Academic Journal Electronic Publishing House. All rights reserved.
믡볆퇐뺿2004111횸뇪냼삨웳튵닆컱ힴ뿶ꆢ닺퓋펪ힴ뿶ꆢ뎥햮쓜솦ힴ뿶ꆢ랢햹쓜솦ힴ뿶쯄룶ퟓ쾵춳,쎿룶ퟓ쾵춳평죴룉룶횸뇪릹돉ꆣ떫쫇,뫍좫쟲랶캧쓚뗄웤쯻믹폚뒫춳닆컱횸뇪뗄웳튵벨킧움볛쳥쾵튻퇹,룃쳥쾵튲듦퓚튻킩컊쳢,늢틲듋쫜떽룷훖엺움,훷튪뗄엺움냼삨:뗚튻,헢튻횸뇪쳥쾵잿뗷뗄쫇맺폐놾뗄놣횵뫍퓶횵ꆣ떫쪵볊짏,듓좫쟲살뾴,뫃뗄맺폐웳튵듳뚼럇뎣힢훘놾뗄믘놨뫍쫐뎡뺺헹솦뗄쳡짽,평폚벨킧움볛쳥쾵쪵볊짏쫇뛔웳튵뺭샭닣웰튻훖떼쿲ퟷ폃,틲듋,뷶뷶솢ퟣ폚놾퓶횵놣횵뿉쓜뛔웳튵뎤풶랢햹듸살튻킩뢺쏦펰쿬ꆣ뗚뛾,퓚펦떱톡퓱쓄킩뻟쳥뗄닆컱횸뇪ꆢ캪쪲쎴튪톡퓱헢킩닆컱횸뇪틔벰룸헢킩닆컱횸뇪뢳폨쪲쎴퇹뗄좨훘랽쏦,룃쳥쾵좱랦쇮죋탅럾뗄샭싛믹뒡,뛸듓웳튵랢햹뗄샺쪷살뾴,좱랦샭싛믹뒡뗄쳥쾵췹췹믡놻탂뗄쳥쾵쯹쳦듺ꆣ뗚죽,헢튻횸뇪쳥쾵죔틔믡볆샻죳ퟷ캪볆쯣룷쿮횸뇪뗄틀뻝,틔믡볆샻죳캪뾼뫋쓚죝믡듸살뺭펪헟뗄탭뛠뛌웚탐캪,쯻쏇믡틔룷훖쫖뛎뒴퓬샻죳ꆣ2.믹폚욽뫢볇럖뾨뗄벨킧움볛쳥쾵ꆰ욽뫢볇럖뾨ꆱ튵벨움볛쳥쾵쫇짏쫀볍90쓪듺평쏀맺톧헟뫍쳡돶,웤뫳퓚쫀뷧뫜뛠맺볒듳탍웳튵뗃떽펦폃ꆣ헢튻움볛쳥쾵붫펰쿬웳튵ퟮ훕튵벨럖뷢캪닆컱쒿뇪ꆢ쫐뎡뺭펪ꆢ쓚늿맜샭뫍웳튵돉뎤쯄룶틲쯘ꆣ퓚헢룶쳥쾵쓚,늻춬웳튵뿉룹뻝늻춬쟩뿶짨볆늻춬움볛횸뇪ꆣꆰ욽뫢볇럖뾨ꆱ잿뗷튻룶쾵춳뗄맜샭샭쓮,벴잿뗷욽뫢닆컱쒿뇪ꆢ쫐뎡뺭펪ꆢ쓚늿맜샭뫍웳튵돉뎤쯄룶틲쯘뛔웳튵헻쳥뺺헹솦뗄펰쿬ꆣ펦떱쮵,뛔뇈뒫춳뗄벨킧움맀랽램,욽뫢볇럖뾨뗄췆돶쫇튻룶샺쪷탔뗄춻웆,쯼냑뒫춳틢틥짏뗄튵벨움볛폫웳튵뗄뺺헹쓜솦ꆢ맜샭벨킧뫍뎤풶랢햹맦싉뷴쏜솪쾵웰살ꆣ듓뛸춨맽뛠뷇뛈뗄좨뫢믺훆,훆풼쇋맜샭헟캪ힷ쟳늿쏅뗄뛌웚샻틦뛸컾짼뎤풶샻틦믲웤쯼늿쏅쓋훁릫쮾헻쳥샻틦뗄욬쏦탐캪ꆣ떫욽뫢볇럖뾨춬퇹듦퓚ퟔ짭뗄컊쳢:튻쫇욽뫢볇럖뾨뗄뻟쳥횸뇪짨볆튪돤럖뾼싇웳튵뗄뻟쳥쳘헷,틲듋늻춬뗄웳튵탨튪짨볆늻춬뗄횸뇪쳥쾵,뾪랢돉놾뫜룟;뛾쫇럇닆컱횸뇪죧뫎솿뮯뇈뷏삧쓑;죽쫇닆컱횸뇪뫍럇닆컱횸뇪뗄좨훘뇈샽죧뫎좷뚨늻죝틗좷뚨;쯄쫇움맀뗄뷡맻죧뫎폫벤샸믺훆폐믺뷡뫏퓚샭싛짏뫜쓑뷢뻶,헢킩틲쯘뚼믡펰쿬떽욽뫢볇럖뾨뗄퓋폃킧맻ꆣ3.믹폚뺭볃퓶볓횵뗄벨킧움볛쳥쾵뺭볃퓶볓횵횸뇪쫇퓚뿋럾뒫춳튵벨뫢솿횸뇪좱쿝뗄믹뒡횮짏닺짺뗄,쯼랴펳쇋릫쮾퓚튻뚨쪱웚쓚캪막뚫뒴퓬뗄볛횵ꆣ볲떥뗘쮵,뺭볃퓶볓횵횸뇪뗈폚릫쮾쮰뫳뺻펪튵샻죳복좥좫늿놾돉놾뫳뗄뺻횵ꆣ뛸쟒놾돉놾늻뷶냼삨햮컱놾뗄돉놾,뛸쟒냼삨좨틦놾뗄돉놾ꆣ평폚뾼싇쇋좨틦놾뗄돉놾,뺭볃퓶볓횵횸뇪뚨솿뗘뫢솿쇋쎿룶놨룦웚쓚릫쮾캪막뚫뒴퓬믲쯰쪧뗄볛횵ꆣ뺭볃퓶볓횵횸뇪ퟮ듳뮯폫막뚫볛횵ퟮ듳뮯쿠튻훂,듓뛸쪹뺭볃퓶볓횵횸뇪뿋럾쇋뒫춳튵벨뫢솿횸뇪뗄ퟮ듳좱쿝ꆣ듋췢,퓚뺭볃퓶볓횵뗄볆쯣훐,춨맽뗷헻늿럖믡볆놨뇭뿆쒿뗄뒦샭랽램,뮹뿉틔복쟡믡볆놨뇭탅쾢뛔릫쮾헦쪵쟩뿶뗄쪧헦랴펳떫쫇,EVA퓚펦폃짏쒿잰뮹듦퓚튻킩컊쳢,ퟮ뗤탍뗄쫇:뗚튻,웤뻟쳥볆쯣쒿잰뮹좱랦뇈뷏맦랶뗄쇷돌,폈웤쫇뛔폚맺폐뿘막릫쮾죧뫎볆쯣EVA쒿잰맺쓚뮹좱랦뺭퇩,평폚EVA퓚쪵볊닙ퟷ맽돌훐짦벰뛠쿮뗷헻쫂쿮,뛸쎿튻쿮뗷헻뚼튪믹폚웳튵뗄쪵볊쟩뿶,틲듋퓚볆쯣랽램뫍볆쯣킧싊짏뚼탨튪폐킧뗄춻웆ꆣ뗚뛾,퓚췪좫쫐뎡뮯뗄뮷뺳쿂,EVA뗄샭싛믹뒡쫇럇뎣볡쪵뗄,떫쫇,쒿잰훐맺웳튵폈웤쫇듳탍맺폐웳튵뮹믲뛠믲짙뗘뗃틦폚ퟔ짭퓚탐튵훐뗄슢뛏뗘캻틔벰맺볒뛔폚놾뷸죫뗄쿞훆,틲듋뿉쓜돶쿖EVA늻뷶폫웳튵뺭샭닣뗄뺭펪쓜솦쿠맘,뛸쟒폫뺭샭닣쯹뒦뗄탐튵뫍웳튵폐맘,퓚풴늢늻쫇돤럖쇷뚯뗄쟩뿶쿂,컒쏇죏캪믺킵헕냡컷랽샭싛쫇탐늻춨뗄ꆣ뛾ꆢ쓜솦탔뺭볃ퟢ뷰움볛쳥쾵뗄샭싛뿲볜튻냣뛸퇔,맺폐웳튵뗄벨킧움볛,듳늿럖쫇평훐퇫맺캯뫍뗘랽맺캯살뷸탐ꆣ뛸맺캯퓚움볛맽돌훐춨뎣믡쏦쇙튻쾵쇐벬쫖뗄컊쳢:쫗쿈,ퟷ캪튻룶뿍맛듦퓚뗄쫂쪵,맺폐웳튵뗄벨킧뇭쿖,돽쇋웳튵44' 1994-2010 China Academic Journal Electronic Publishing House. All rights reserved.
믡볆퇐뺿2004111맜샭닣놾짭뗄뺭펪쓜솦췢,뮹쫜훆폚탭뛠웤쯻틲쯘,샽죧쒳킩슢뛏돌뛈뇈뷏룟,쫕틦튲뇈뷏뫃뗄탐튵,맜샭닣뿉쓜뿉틔뇈뷏쟡쯉뗘믱뗃뷏뫃뗄펮샻쮮욽ꆣ퓚맺볒춶죫춬퇹풴뗄쟩뿶쿂,뿉쓜튻룶룟슢뛏돌뛈뗄탐튵퓚펮샻쓜솦짏뫍튻룶뗍슢뛏돌뛈뗄탐튵쿠좥짵풶,뛔튻룶룟뺺헹탔쇬폲뗄맺폐웳튵뛸퇔,죧맻릫쮾뗄뺻샻죳뫍뺻닺쫕틦싊뗈횸뇪뇈늻짏슢뛏탔탐튵뗄웳튵,컒쏇늢늻쓜틲듋죏캪릫쮾뗄맜샭닣좱랦뺭펪쓜솦ꆣ웤듎,맺캯춨뎣탨튪춬쪱움볛훮뛠듳탍맺폐웳튵뫍맺폐뿘막릫쮾뗄쫂쪵,뻶뚨쇋맺캯뛔맺폐웳튵뷸탐벨킧움볛뗄쪱뫲,늻뿉쓜닉좡맽폚룶탔뮯뗄랽낸,튲뻍쫇쮵,맺캯쪵볊짏늻듳뿉쓜캪쎿룶웳튵떥뛀훆뚩튻쳗튵벨움볛쳥쾵,헢늻뷶뷶쫇틲캪뺫솦뫍쓜솦뗄풭틲,뮹폐튻룶룼훘튪뗄풭틲쫇:맽폚룶탔뮯뗄랽낸럁낭쇋늻춬웳튵볤튵벨뗄뫡쿲뇈뷏,늢뿉쓜퓚튵벨움볛틔벰쯦뫳뗄벤샸맽돌훐닺짺탂뗄늻릫욽ꆣ틲듋,컒쏇죏캪,맺폐웳튵뗄벨킧움볛,펦떱힡죽룶믹놾풭퓲:뗚튻,맺폐웳튵뗄벨킧움볛펦떱틔볛횵뒴퓬쓜솦캪훷쿟ꆣ뗚뛾,펦떱돤럖뾼싇떽평폚탐튵닮틬떼훂뗄닆컱튵벨뗄닮틬,튲뻍쫇쮵펦떱뺡뿉쓜붨솢뛔늻춬탐튵뗄웳튵뛸퇔뚼뇈뷏릫욽뗄움볛쳥쾵ꆣ뗚죽,움볛쳥쾵놾짭뇘탫쫇뇈뷏춳튻뗄,늻듦퓚맽뛠뗄룶탔뮯틲쯘,틔랽뇣늻춬웳튵볤뗄뫡쿲뇈뷏늢놣횤움볛맽돌뗄뿍맛탔ꆣ믹폚틔짏죽룶풭퓲,컒쏇짨볆쇋튻룶뒴탂뗄맺폐웳튵벨킧움볛쳥쾵:벴쓜솦탔뺭볃ퟢ뷰쳥쾵(Capac2ity2basedEconomicValue2addedSystem,틔쿂볲돆CEVS)ꆣ룃쳥쾵뗄샭싛믹뒡쫇믹폚뺭볃퓶볓횵뗄튵벨움볛쳥쾵,떫쫇,뫍컷랽뗄EVA움볛랽램늻춬,컒쏇뗄쓜솦탔뺭볃ퟢ뷰쳥쾵돤럖뾼싇떽쇋탐튵닮틬룸뺭펪듸살뗄펰쿬,늢붫헢훖펰쿬듓볆쯣뷡맻훐쳞돽,쓜솦탔뺭볃ퟢ뷰뗄샭싛쮼슷쫇:붫맺폐웳튵맜샭닣쯹뒴퓬뗄뺭볃퓶볓횵럖뷢캪뛾뿩,벴믹폚탐튵폅쫆뛸믱뗃뗄뺭볃퓶볓횵틔벰믹폚맜샭닣ퟔ짭뺭볃쓜솦뛸믱뗃뗄쓜솦뺭볃퓶볓횵,뛔잰튻늿럖뺭볃퓶볓횵컒쏇돆캪럇쓜솦탔뺭볃ퟢ뷰,풭틲쫇헢튻늿럖뺭볃ퟢ뷰뗄믱뗃쫇풵폚슢뛏틲쯘믲헟헾닟틲쯘ꆣ뫳튻늿럖컒쏇돆캪쓜솦탔뺭볃ퟢ뷰,헢쫇튻룶뿉틔헦쪵랴펳맜샭닣뺭펪쓜솦뗄횸뇪ꆣ컒쏇짨볆뗄쓜솦탔뺭볃ퟢ뷰쳥쾵뿉틔폐킧쟸럖솽헟,늢쟒붫뫳헟ퟷ캪웳튵벨킧뗄훷튪움볛횸뇪ꆣ쓜솦탔뺭볃ퟢ뷰쳥쾵폫뺭볃퓶볓횵움볛쳥쾵뗄늻춬횮뒦퓚폚:뗚튻,쓜솦탔뺭볃ퟢ뷰쳥쾵쟸럖쇋럇쓜솦탔뺭볃ퟢ뷰뫍쓜솦탔뺭볃ퟢ뷰,헢튻쟸럖퓚떱잰훐맺뺭볃죔뒦폚쿲쫐뎡뺭볃맬맽돌훐뗄쳘뚨뷗뛎뛸퇔좷쪵쫇럇뎣뇘튪뗄,럱퓲뻍뿉쓜퓬돉웳튵맜샭닣뗄뺭펪벨킧훷튪좡뻶폚탐튵뛸늻쫇맜샭닣뺭펪쓜솦뗄ힴ뿶ꆣ뗚뛾,컒쏇훷튪헫뛔듳탍맺폐웳튵,퓚쓜솦탔뺭볃ퟢ뷰뗄볆쯣랽램짏뾪랢돶튻쳗닙ퟷ랽뇣,쇷돌뫏샭뗄볆쯣쳥쾵,틔랽뇣맺캯뛔듳탍맺폐웳튵벯췅뷸탐벨킧움볛ꆣ듓쫊폃랶캧살붲,컒쏇죏캪,쓜솦탔뺭볃ퟢ뷰쳥쾵늻뷶쫊폃폚룷룶닣쏦뗄맺캯,튲춬퇹쫊폃폚맺폐뿘막릫쮾탔훊뗄듳탍맺폐웳튵,폈웤쫇튵컱뛠풪뮯뗄듳탍맺폐뿘막릫쮾ꆣ쪵볊짏,듓쒳훖돌뛈짏붲,맺캯뻍쫇튻룶쳘쫢뗄튵컱뛠풪뮯뗄듳탍맺폐뿘막릫쮾ꆣ쓜솦탔뺭볃ퟢ뷰움맀쳥쾵쎻폐닉좡믹폚뒫춳닆컱횸뇪뗄벼쫵슷쿟,훷튪풭틲쫇룃슷쿟퓚샭싛쳥쾵짏듦퓚좱쿝,헢킩좱쿝컒쏇틑뺭퓚짏컄ퟷ쇋볲튪뗄돂쫶,컒쏇죏캪,튪뫏샭뗘톡퓱횸뇪늢쟒뢳폨튻룶쇮죋탅럾뗄좨훘퓚벼쫵짏뿉쓜듦퓚튻킩쓑틔뿋럾뗄헏낭,쓜솦탔뺭볃ퟢ뷰움맀쳥쾵튲쎻폐닉폃믹폚욽뫢볆럖뾨뗄쮼슷,풭틲쫇컒쏇죏캪퓚쒿잰뗄훐맺,욽뫢볆럖뾨뗄탭뛠뚨탔횸뇪늢늻죝틗뿍맛움볛,뛸쟒평폚늻춬웳튵퓚닺튵(훆퓬튵웳튵뫍럾컱튵웳튵)뫍탔훊(쪵튵탍웳튵뫍춶탍웳튵)늻춬,죧맻닉좡욽뫢볆럖뾨뗄쮼슷,듓닙ퟷ짏붲뻍뫜뿉쓜탨튪헫뛔쎿룶웳튵뗄쪵볊쟩뿶짨볆횸뇪,뛸늻춬뗄횸뇪폖붫럁낭늻춬웳튵볤뗄뫡쿲뇈뷏ꆣ죽ꆢ쓜솦탔뺭볃ퟢ뷰뗄볆쯣랽램컒쏇뗄ퟜ쳥쮼슷쫇:붫맺폐웳튵뒴퓬뗄뺭볃볛횵럖돉솽룶늿럖,튻늿럖쫇럇쓜솦탔뺭볃ퟢ뷰,쇭튻늿럖쫇쓜솦탔뺭볃ퟢ뷰,쓜솦탔뺭볃ퟢ뷰뻍뗈폚웳튵뒴퓬뗄뺭볃퓶볓횵복좥럇쓜솦탔뺭볃ퟢ뷰ꆣ튲뻍쫇:쓜솦탔EVA=웳튵EVA-럇쓜솦탔EVA45' 1994-2010 China Academic Journal Electronic Publishing House. All rights reserved.
믡볆퇐뺿2004111틲듋,컊쳢뗄맘볼쫇좷뚨EVA뗄쯣램뫍럇쓜솦탔EVA뗄쯣램,횻튪볆쯣돶EVA뫍럇쓜솦탔EVA,쓜솦탔EVA뗄볆쯣뻍럇뎣볲떥쇋ꆣ틔쿂컒쏇ퟷ쿪쾸쮵쏷:쯣램뺭볃퓶볓횵(EVA)폖돆쪣폠쫕죫(ResidualIncome),듓샭싛짏붲,웳튵뗄뺭볃퓶볓횵뻍뗈폚쮰뫳뺻펪튵샻죳폫좫늿놾돉놾횮볤뗄닮뛮ꆣ웤훐놾돉놾볈냼삨햮컱놾뗄돉놾,튲냼삨좨틦놾뗄돉놾ꆣ퓚쪵컱훐뺭볃퓶볓횵뗄볆쯣튪쿠뛔뢴퓓튻킩,헢훷튪쫇평솽랽쏦틲쯘뻶뚨뗄:튻쫇퓚볆쯣쮰뫳뺻펪튵샻죳뫍춶죫놾ퟜ뛮쪱탨튪뛔쒳킩믡볆놨뇭뿆쒿뗄뒦샭랽램탨튪뷸탐뗷헻,틔룼뫃뗘쳥쿖볛횵뒴퓬헢튻훷횼ꆣ웤뛾쫇놾돉놾뗄좷뚨탨튪닎뾼놾쫐뎡뗄튻킩뺭퇩쫽뻝ꆣ평폚룷맺(뗘쟸)뗄믡볆훆뛈뫍놾쫐뎡쿖ힴ듦퓚닮틬,뺭볃퓶볓횵뗄볆쯣랽램튲늻뺡쿠춬ꆣ컒쏇닉좡쇋죧쿂뗄볆쯣랽램:뺭볃퓶볓횵=쮰뫳뺻펪튵샻죳-놾돉놾=쮰뫳뺻펪튵샻죳-볓좨욽뻹놾돉놾ꇁ놾ퟜ뛮평짏뿉횪,뺭볃퓶볓횵뗄볆쯣뷡맻좡뻶폚죽룶믹놾뇤솿:쮰뫳뺻펪튵샻죳ꆢ놾ퟜ뛮뫍볓좨욽뻹놾돉놾ꆣ웤훐,쮰뫳뺻펪튵샻죳뗈폚쮰뫳뺻샻죳볓짏샻쾢횧돶늿럖(죧맻쮰뫳뺻샻죳뗄볆쯣훐틑뿛돽짙쫽막뚫쯰틦,퓲펦볓믘),틠벴릫쮾뗄쿺쫛쫕죫복좥돽샻쾢횧돶틔췢뗄좫늿뺭펪돉놾뫍럑폃(냼삨쯹뗃쮰럑폃)뫳뗄뺻횵ꆣ틲듋,쯼쪵볊짏쫇퓚늻짦벰놾뷡릹뗄쟩뿶쿂릫쮾뺭펪쯹믱뗃뗄쮰뫳샻죳,튲벴좫늿놾뗄쮰뫳춶쫕틦,랴펳쇋릫쮾닺뗄펯샻쓜솦ꆣ놾ퟜ뛮쫇횸쯹폐춶헟춶죫릫쮾뺭펪뗄좫늿뷰뗄헋쏦볛횵,냼삨햮컱놾뫍좨틦놾ꆣ웤훐햮컱놾쫇횸햮좨죋쳡릩뗄뛌웚뫍뎤웚듻뿮,늻냼삨펦뢶헋뿮ꆢ펦뢶욱뻝ꆢ웤쯻펦뢶뿮뗈짌튵탅폃뢺햮ꆣ좨틦놾늻뷶냼삨웕춨막,뮹냼삨짙쫽막뚫좨틦ꆣ틲듋놾ퟜ뛮뮹뿉틔샭뷢캪릫쮾뗄좫늿닺복좥짌튵탅폃뢺햮뫳뗄뺻횵ꆣ볓좨욽뻹놾돉놾쫇횸햮컱놾뗄떥캻돉놾뫍좨틦놾뗄떥캻돉놾룹뻝햮컱뫍막놾퓚놾뷡릹훐룷ퟔ쯹햼뗄좨훘볆쯣뗄욽뻹떥캻돉놾ꆣ2.럇쓜솦탔뺭볃ퟢ뷰쯣램럇쓜솦탔뺭볃ퟢ뷰ퟷ캪튻훖럇쓜솦틲쯘듸살뗄뺭볃ퟢ뷰,훷튪살ퟔ폚죧쿂틲쯘:믹폚맺볒맜훆퓬돉뗄슢뛏ꆢ맺볒뛔쒳킩탐튵뗄쳘쫢럶돖ꆢ탐튵틲캪뺰웸풭틲탎돉뗄랱죙믲헟쮥췋;컒쏇죏캪:럇쓜솦탔뺭볃ퟢ뷰훷튪쳥쿖좫탐튵탔뗄룟쫕틦짏,죧맻쒳룶탐튵뗄탐튵욽뻹뺭볃ퟢ뷰캪헽,뻍뇭쏷퓚헢룶탐튵벴쪹쫇튻냣뺭펪쓜솦뗄췅뛓튲쓜뒴퓬헽뗄EVA,뛸헢훖늢럇믹폚맜샭닣폅탣뺭펪쓜솦닺짺뗄EVA틲캪늢늻쫇맜샭닣쓜솦뗄랴펳틲뛸펦떱맩캪럇쓜솦탔EVA뗄랶돫:내헕짏쫶맘폚럇쓜솦탔뺭볃ퟢ뷰뗄볆쯣쮼슷,뿉틔뗃돶:럇쓜솦탔EVA=춶죫풴ꇁ탐튵욽뻹떥캻EVA탨튪쮵쏷뗄쫇:볆쯣탐튵욽뻹떥캻EVA뗄ퟮ샭쿫뗄쟩뿶쫇퓚믱뗃좫맺룃탐튵쯹폐웳튵쫽뻝뗄믹뒡짏뷸탐볆쯣ꆣ떫쫇,튪믱뗃헢쎴뛠쫽뻝늢늻죝틗,틲듋,퓚놾뿎쳢훐,컒쏇닉좡붨쒣뗄랽쪽쒣쓢,컒쏇듓972볒떥캻뗄맺쓪놨훐톡좡630볒떥캻뗄쫽뻝ퟷ캪퇹놾,럖컶떥캻EVA폫15룶닆컱횸뇪(ퟜ닺놨돪싊ꆢ뺻닺쫕틦싊ꆢ훷펪튵컱샻죳싊ꆢퟜ닺훜싊뗈)횮볤뗄쿠맘맘쾵,뗃떽볆쯣탐튵욽뻹떥캻EVA뗄쒣탍:탐튵욽뻹떥캻EVA=-010563+11116ꇁퟜ닺놨돪싊+01308ꇁ뺻닺쫕틦싊-01126ꇁ뺻닺쫕틦싊2-01783ꇁퟜ닺놨돪싊3+0103382ꇁ뺻닺쫕틦싊3쯄ꆢ쪵횤뷡맻믹폚틔짏쮼슷,컒쏇퓚퇏룱놣쏜뗄쟩뿶쿂틔짏몣쫐맺캯쿂쫴40룶벯췅캪퇹놾뷸탐쇋쒣쓢닢쯣,쫔쯣뷡맻볻뇭튻,믹폚뿎쳢놣쏜랽쏦뗄뾼싇,컒쏇붫릫쮾뗄쏻돆폃C1ꆢC2뗈듺쳦ꆣ닢쯣뷡맻뇭쏷,듓2002쓪뗄쟩뿶살뾴,짏몣쫐맺캯쿂쫴40룶벯췅2002쓪뗄EVAퟜ솿ퟮ룟캪215689췲풪,ퟮ뗍캪-275170췲풪ꆣEVA횵듳폚쇣뗄웳튵횻폐11볒,풼햼ퟜ솿뗄28%,웤폠29볒웤EVA횵뻹킡폚쇣,풼햼ퟜ솿뗄71%ꆣ뇭쏷쿠떱튻늿럖맺폐웳튵늢쎻폐캪막뚫뒴퓬볛횵ꆣ46' 1994-2010 China Academic Journal Electronic Publishing House. All rights reserved.
믡볆퇐뺿2004111뇭1짏몣쫐40볒맺폐웳튵뺭볃ퟢ뷰뫍쓜솦탔뺭볃ퟢ뷰볆쯣뷡맻떥캻EVAퟜ솿탐튵욽뻹럇쓜솦쓜솦탔떥캻EVAퟜ솿탐튵욽뻹럇쓜솦쓜솦탔쏻돆(췲풪)떥캻EVA탔EVAEVA쏻돆(췲풪)떥캻EVA탔EVAEVAC1215,68901024080,718134,971C21-38,979-010107-45,4926,512C238,107-010239-44,78782,894C22-26,000-010325-31,8835,883C314,905-010352-21,61136,516C23-9,986-010228-15,7315,745C4-28,664-010237-62,36133,697C24-5,680-010338-10,6334,953C5-54,608-010339-84,85330,244C251,591-010147-3,1354,726C61,375-010388-20,22321,599C26-22,491-010347-27,1234,632C7-1,147-010390-22,20221,055C27-3,613-010473-5,5771,964C8-275,170-010325-295,39620,226C28-911-010455-1,614703C9-13,812-010610-31,40217,590C29-15-010147-547532C1011,868-010188-5,58517,453C30-277-010059-428150C117,028-010147-10,34517,373C31135010134198-63C125,983-010283-10,62716,611C32-1,289-010147-1,174-115C13-16,468-01390-31,76415,295C33-3001013490-120C14-38,979-010283-54,01615,037C34-3,911-010147-3,546-365C157,510-010188-6,38513,894C35-2,051-010092-942-1,109C16-7,934-010473-20,80112,867C36-18,172-010222-16,430-1,742C17-16,961-010347-29,45612,495C37-81,745-010283-79,835-1,910C18-28,226-010347-39,31111,085C38-9,218-010104-3,446-5,773C19-41,923-010320-51,5399,616C39-26415-010408-20301-6,114C20-7,483-010283-15,3677,885C402,25301016421,846-19,592듓쓜솦탔뺭볃ퟢ뷰뗄쫔쯣뷡맻살뾴:40볒웳튵훐폐30볒웳튵쓜솦탔뺭볃ퟢ뷰캪헽횵,햼퇹놾쫽뗄75%,뛸쓜솦탔뺭볃ퟢ뷰캪뢺횵뗄횻햼25%,헢튻뷡맻튪뫃폚룹뻝EVA볆쯣돶살뗄뷡맻,뇭쏷쿠떱뛠뗄짏몣맺폐웳튵뿉쓜쫜떽탐튵헻쳥튵벨늻병뗄펰쿬ꆣ듓쓜솦탔뺭볃ퟢ뷰뗄뾼달쒿뇪돶랢,뿉틔죏캪,쓜솦탔뺭볃ퟢ뷰업쏻뇈뷏뾿잰뗄웳튵,웤맜샭닣뗄뺭펪쓜솦쫇뇈뷏춻돶뗄,뛔업쏻뇈뷏뾿뫳뗄웳튵뛸퇔,업쏻틾몬뗄틢틥쫇죧맻늻듦퓚웤쯻탨튪쳘쫢뾼싇뗄틲쯘,퓲뿉틔죏캪헢킩웳튵맜샭닣뗄뺭펪쓜솦쫇횵뗃뮳틉뗄ꆣ듓볆쯣뗄ퟜ쳥뷡맻살뾴,컒쏇쿠탅쓜솦탔뺭볃ퟢ뷰쳥쾵캪맺캯뫍듳탍맺폐뿘막릫쮾붨솢튵벨움볛쳥쾵쳡릩쇋튻룶탂뗄샭싛뿲볜뫍볆쯣랽램ꆣ컒쏇쿠탅,쯦ퟅ훐맺맺쳥쾵룄룯뗄췆뷸,맺맜샭쳥쾵붫믡풽살풽틢쪶떽쯼쏇탨튪튻룶틔볛횵뒴퓬떼쿲캪믹뒡뗄움볛쳥쾵,뛸헢퇹뗄쳥쾵,튲헽쫇웤쯻맺맜샭믺릹샽죧탂볓웂뗄Temasek횮쯹틔좡뗃뻞듳돉릦뗄맘볼풭틲ꆣ훷튪닎뾼컄쿗쏏붨쏱.2002.훐맺웳튵벨킧움볛.놱뺩:훐맺닆헾뺭볃돶냦짧쯯폀쇡.2003.욽뫢볆럖뾨퓚훐맺뗄햽싔쪵볹.놱뺩:훐맺믺킵릤튵돶냦짧싞늮쳘ꆤ컷쏉쮹.2002.햽싔쪵쪩훐뗄벨킧움맀폫뿘훆쾵춳.듳솬:뚫놱닆뺭듳톧돶냦짧47' 1994-2010 China Academic Journal Electronic Publishing House. All rights reserved.
