24 1914 18 20 L.Robbins 1933 790 792
4
W1
3 90 + 120 + 60 + 180 16 5 50 + 125 + 150 + 450 16 8 40 + + 200 + 480 16 180 285 410 1
3 90 + 120 + 60 + 180 16 3 30 + 75 + 90 + 270 16 6 30 + + 150 + 360 16 12 150 225 300 16 20 ( 90 + 30 + 30)( 1+ ) = 180 100 20 ( 120 + 75+ 30)( 1+ ) = 270 100 20 ( 60 + 90 + 150)( 1+ ) = 360 100
3 20 W r 5 4
R R R
p p
R l = R r = R( 1 1 ) = 10% 3 p q p q q p 3 K 1 R R
1 w R R r = r r r R R
r w = 1 R
r n La ( 1 )( 1 + r) n R 1 n = R r r = R 1 n r 0 n 1 R
59
( A P + B P + + J P )( 1+ r) + L w 1 a 1 b 1 j 1 = ( A P + B P + + J P ) ( 1) a ( 1) b ( 1) j ( A P + B P + + J P )( 1+ r) + L w 2 a 2 b 2 j 2 = ( A ( 2) P + B( 2) P + + J ( 2) P ) a b j ( A P + B P + + J P )( 1+ r) + L w j a j b j j j = ( A P + B P + + J P ) ( j) a ( j) b ( j) j ( A q + A q + + A q )( 1+ R) 1 1 2 2 = A q + A q + + A q ( 1) 1 ( 2) 2 ( j) ( B q + B q + + B q )( 1+ R) 1 1 2 2 = + + + B( 1) q1 B( 2) P2 B( j) q j ( J q + J q + + J q )( 1+ R) 1 1 2 2 = J q + J q + J + q ( 1) 1 ( 2) 2 j j j j j j j j j
59 c c b
n r( 1+ r) pmo n ( 1+ r) 1 n M Pm ( + r) + {( A P + Λ 0 0 1 n 1 r 1 KgPk )( 1 r) Lgw} ( + ) + + + r n ( 1+ r) 1 = G( g) Pg r n 1 ( 1 + r), r ( 1 + ) M0Pm r r n 0 ( )( 1 ) ( 1 + ) 1 + A P r + + K P + r + n g a Λ g k Lg w = G Pg ( g) g a
n t ( 1+ r) ( 1+ r) n ( 1+ r) 1
R
71 72
14 39
63
1 xxxi xxxii 1962 381 382 1 36 3 134 1957 1 39 3 131 10 1 xliv 1962 392 1 5 1 35 3 15 2 290 1953 294 3 49 979 981 1953 1102 1104 1 6 1 52
2 3 1 272 2 2 1 272 1818 10 336 1821 28 1823 11 1962 5 2 1836 269 1962 225 1 9 1 195 1953 237 3 77 1957 3 79