() [6]. , , . , .. . , , .
, .. : , . , . n ( - ), .
Qi = Qi (t), i= 1,2 ,...,n,
- t :
ri = ri (t), i= 1,2 ,...,n
( , , ...).
(Q 1(t), Q 2(t) ,..., Qn (t)), , .. (Q 1(t), Q2 (t) ,..., Qn (t)) ≡ (Q 1, Q 2 ,..., Qn). (Q 1, Q 2 ,..., Qn) ri (t 1), i= 1,2 ,,n, ri (t 2), i= 1,2 ,,n, .
.
, . [6] . , , (. [6]).
() [6]. (). .7.
7.
/ | S(t) (.) | I(31.3.91;t) | |
31.3.91 | 26.60 | 1.00 | |
14.8.93 | 17,691.00 | 665.08 | |
15.11.93 | 28,050.00 | 1054.51 | |
14.3.94 | 40,883.00 | 1536.95 | |
14.4.94 | 44,441.00 | 1670.71 | |
28.4.94 | 47,778.00 | 1796.17 | |
26.5.94 | 52,600.00 | 1977.44 | |
8.9.94 | 58,614.00 | 2203.53 | |
6.10.94 | 55,358.00 | 2081.13 | |
10.11.94 | 72,867.00 | 2739.36 | |
1.12.94 | 78,955.00 | 2968.23 | |
29.12.94 | 97,897.00 | 3680.34 | |
2.2.95 | 129,165.00 | 4855.83 | |
2.3.95 | 151,375.00 | 5690.79 | |
30.3.95 | 160,817.00 | 6045.75 | |
27.4.95 | 159,780.00 | 6006.77 | |
1.6.95 | 167,590.00 | 6300.38 | |
29.6.95 | 170,721.00 | 6418.08 | |
27.7.95 | 175,499.00 | 6597.71 | |
31.8.95 | 173,676.00 | 6529.17 | |
28.9.95 | 217,542.00 | 8178.27 | |
26.10.95 | 243,479.00 | 9153.35 | |
30.11.95 | 222,417.00 | 8361.54 | |
28.12.95 | 265,716.00 | 9989.32 | |
1.2.96 | 287,472.55 | 10,807.24 | |
5.3.96 | 297,958.00 | 11,201.43 | |
5.4.96 | 304,033.44 | 11,429.83 | |
8.5.96 | 305,809.55 | 11,496.60 | |
5.6.96 | 302,381.69 | 11,367.73 | |
3.7.96 | 306,065.21 | 11,506.21 | |
3.8.96 | 308,963.42 | 11,615.17 | |
7.9.96 | 288,835.07 | 10,858.46 | |
1.10.96 | 278,235.35 | 10,459.98 | |
5.11.96 | 287,094.77 | 10,793.04 | |
4.12.96 | 298,024.76 | 11,203.94 | |
3.1.97 | 314,287.16 | 11,815.31 | |
4.2.97 | 334,738.24 | 12,584.14 | |
4.1.98 | 345.72 | 12.997 | |
3.1.99 | 622.30 | 23.395 | |
5.1.00 | 851.32 | 32.004 | |
3.1.01 | 949.21 | 35.684 | |
2.7.01 | 1072.61 | 40.323 | |
3.1.02 | 1125,76 | 43,321 | |
2.7.02 | 1247.77 | 46.908 | |
3.1.03 | 1295.75 | 48.712 | |
1.7.03 | 1398.11 | 52.558 |
1. , ( ). . , 12 (1991-2003) ( ) 50 . , , , , 10-20%.
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|
. , . , (, ), (. [13]), - 100 . , , . - . . - NPV (Net Present Value) - . - , , . .
. , , . , .7 4 - 14.03.91 . 16.03.95 . - 5936. , 1 1991 . 6000 ( 5936) 1995 .
. 1990 . 300 . , 1995 . - 1 . . ?
1000000/300 = 3333 . 18 1995 . 7080. , 1 . 1990 . 7080 . 18.05.95 . , 1990 . .. 1000000/7080 = 142 . 24 ., .. 47,4% 1990 .
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, 1990 . 18 1995 . : 1990 . 300 7080 = 2 124 . . 1995 .
. 1990 . 297 ., 1993 . - 93 . ., 1995 . - 303 . . , 15.11.93 . 2.02.95 ., 1045 4811 . 1990 . 89 . 62 .98 . , .. 30% 21,2% 1990 .
. . , , . 1991-1995- . , . 50% 70% , .. 212100 . 1995 ., 50% , .. 150 . . .
. ( ) 1994 . - 42 .92 . ( 1990 .), 1995 . - 43 . 01 ., .. 1990 . (400 .) 9,3 , . 4-5 . 1990 .
, , , . .
. 1994 . (22500 .) 1995 . (43700 .) 38% 23,4% . 55 . . 1995 . 26,34% , .. 1,44 1994 . .
. , 1995 ., 1,5 , , 1995 . 2 , .
. 1990 , 50% , .. 50% . 1995 . , , 2,0 . , 1 1995 . - 418220 . .. - , - 1 1995 . 1,25 . ( ). , 800 . ., - 450 . . . , .
. . 1.09.95 . - 7759, 1.08.95 . - 7542. 14.03.91 . 95 . , 1.08.95 . - 195337 ., 390673 . .
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, , . , .
, . , . 10% . 1 ., , 1,1 ., 2 - - 1,12 = 1,21 .,..., - 1,112 = 3,14 . , . , 19.05.94 . 18.05.95 . 3,73. , 3,14 / 3,73 = 0,84 . - 16%, , , .
200% . , 1 , , 3 . 19.05.94 ., 18.05.95 . 3/3,73 = 0,80 . 1 . . , - 20% , , , (- 20)%! 1992 ., 1992-1994 . - , , .
? 1995 . 7000, - 4500 . . , 4500 / 7000 = 0,64 . 1990 ., .. 1980- . 1994 . 2000, - 2200, .. 0,90 . 1990 . 10 1,42 .
2003 . 30 . (30 . 38 .), 52,56, , 1 2003 . 58 1991 .
, . (). , . , , , , .
? . ( ).
, . , , (.. ).
- . , , - [14]. . , - " " " ". . . . , . , - .
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, . - . , , , . , , .. , . , .