Question

请求帮助，不懂英文 论文要翻译，工具翻译出来一点也不通顺。。求大侠们帮助 ！记得不用用工具来翻译

We illustrate the approach with forest industry, which is a typical example of a capital-intensive cyclically price sensitive commodity industry. The main stream outputs of the industry are relatively homogenous and alternative production technologies can be defined from an engineering perspective. In our model, an entering forest industry firm selects its optimal product-technology portfolio from a set of
investment possibilities by maximizing its real option value.
We are using the resulting model to assess potential new investments. Simultaneously, the uncertain cash flow of already existing production assets may be considered. Thereby, the model can also be used for merger analysis of existing companies with different production structures. Extension of the current model, for instance, to consider timing of investments, is straightforward: the decision variables
currently indicating quantities invested at the initial stage are revised to account for alternative stages of such investments.

Answer 1

我们对森林生态系统阐述该方法的行业,是一种典型的商品的价格敏感性周期性的资本密集型产业。产出的大势所趋同源相关行业和替代生产技术可以被定义为从工程的角度看问题。在我们时装领域,打破传统进入森林工业公司product-technology组合的最优选择从
通过投资可能最大限度地发挥实物期权的价值。
我们使用所产生的模型来评估潜在新的投资项目。同时,不确定的现金流量成果资产已经存在也可考虑。因此,该模型也可用于分析现有公司合并不同生产结构。延长电流型,例如:考虑投资,时间是简单的:决策变量
目前表示数量初期投资占修正替代阶段的这种投资。