{"id":42,"date":"2025-07-18T22:30:00","date_gmt":"2025-07-18T14:30:00","guid":{"rendered":"https:\/\/iproject.work\/?p=42"},"modified":"2026-03-27T23:08:14","modified_gmt":"2026-03-27T15:08:14","slug":"%e8%b5%84%e4%ba%a7vs%e8%b4%9f%e5%80%ba","status":"publish","type":"post","link":"https:\/\/iproject.work\/?p=42","title":{"rendered":"\u8d44\u4ea7VS\u8d1f\u503a"},"content":{"rendered":"\n

\u7406\u89e3\u8d44\u4ea7\u4e0e\u8d1f\u503a\u7684\u672c\u8d28\u533a\u522b\uff0c\u662f\u8d22\u52a1\u81ea\u7531\u7684\u7b2c\u4e00\u5757\u57fa\u77f3\u3002\u7f57\u4f2f\u7279\u00b7\u6e05\u5d0e\u7684\u7ecf\u5178\u5b9a\u4e49\u9700\u8981\u7ed3\u5408\u73b0\u5b9e\u573a\u666f\u6df1\u5316\uff0c\u4ee5\u4e0b\u662f\u7a7f\u900f\u8868\u8c61\u7684\u5b9e\u64cd\u6307\u5357\uff1a<\/p>\n\n\n\n

\n\n\n\n

\u6838\u5fc3\u5b9a\u4e49\u91cd\u5b9a\u4f4d<\/strong><\/h3>\n\n\n\n
\u7c7b\u522b<\/strong><\/th>\u6e05\u5d0e\u539f\u7248\u5b9a\u4e49<\/th>\u73b0\u5b9e\u5347\u7ea7\u7248<\/strong><\/th>\u5224\u636e\u516c\u5f0f<\/th><\/tr><\/thead>
\u8d44\u4ea7<\/strong><\/td>\u628a\u94b1\u653e\u8fdb\u4f60\u53e3\u888b\u7684\u4e1c\u897f<\/td>\u51c0\u73b0\u91d1\u6d41\uff1e\u6301\u6709\u6210\u672c<\/strong>\u7684\u8d22\u4ea7<\/td>\u6708\u6d41\u5165 - \u6708\u652f\u51fa > 0<\/code><\/td><\/tr>
\u8d1f\u503a<\/strong><\/td>\u4ece\u4f60\u53e3\u888b\u638f\u94b1\u7684\u4e1c\u897f<\/td>\u6301\u7eed\u6d88\u8017\u73b0\u91d1\u6d41<\/strong>\u7684\u8d22\u4ea7<\/td>\u6708\u6d41\u5165 - \u6708\u652f\u51fa < 0<\/code><\/td><\/tr>
\u9677\u9631\u9879<\/strong><\/td>\u65e0<\/td>\u4f2a\u8d44\u4ea7<\/strong>\uff08\u8868\u9762\u589e\u503c\u5b9e\u5219\u51c0\u8017\uff09<\/td>\u8d26\u9762\u589e\u503c < \u8d44\u91d1\u6210\u672c+\u673a\u4f1a\u6210\u672c<\/code><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\n\n\n\n

\u4e2d\u56fd\u8bed\u5883\u4e0b\u7684\u4e09\u7c7b\u201c\u8d1f\u503a\u578b\u8d44\u4ea7\u201d<\/strong>\uff08\u8b66\u60d5\uff01\uff09<\/h3>\n\n\n\n

1. \u81ea\u4f4f\u623f\u4ea7<\/strong><\/h4>\n\n\n\n
    \n
  • \u73b0\u91d1\u6d41\u771f\u76f8<\/strong>\uff1a \n
      \n
    • \u6570\u5b66\u65b9\u6cd5\uff1a\u6708\u51c0\u73b0\u91d1\u6d41= \u65e0\u79df\u91d1\u6536\u5165 – \u623f\u8d37\u5229\u606f – \u7269\u4e1a\uff08\u6216\u91c7\u6696\u8d39\uff09 – \u7ef4\u4fee\u57fa\u91d1<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • \u6848\u4f8b<\/strong>\uff1a
      \u5317\u4eac500\u4e07\u623f\u4ea7\uff08\u8d37\u6b3e300\u4e07\uff0c\u5229\u73875%\uff09
      \u2705 \u5e74\u6301\u6709\u6210\u672c<\/strong>\uff1a\u623f\u8d37\u5229\u606f15\u4e07 + \u7269\u4e1a\u8d390.6\u4e07 = 15.6\u4e07<\/strong>
      \u274c \u975e\u8d44\u4ea7<\/strong>\uff1a\u9664\u975e\u79df\u91d1\u80fd\u8986\u76d6\u6708\u4f9b+\u6301\u6709\u6210\u672c<\/li>\n<\/ul>\n\n\n\n

      2. \u6d88\u8d39\u578b\u8c6a\u8f66<\/strong><\/h4>\n\n\n\n
        \n
      • \u8d2c\u503c\u66f2\u7ebf<\/strong>\uff1a
        \"\"\"\"
        \uff08\u6765\u6e90\uff1a\u4e2d\u56fd\u6c7d\u8f66\u6574\u4f53\u8d2c\u503c\u52a0\u5feb\uff0c\u8c01\u662f\u7f6a\u9b41\u7978\u9996\uff1f http:\/\/k.sina.cn\/article_1881103497_701f5c8900100dkb8.html?from\uff09<\/em><\/li>\n\n\n\n
      • \u73b0\u91d1\u6d41\u9ed1\u6d1e<\/strong>\uff1a
        \u5e74\u51c0\u6d41\u51fa = \u6298\u65e7\u635f\u5931 + \u4fdd\u9669+\u6cb9\u8d39+\u505c\u8f66\u8d39 - 0<\/code><\/li>\n<\/ul>\n\n\n\n

        3. \u6536\u85cf\u54c1\u9677\u9631<\/strong><\/h4>\n\n\n\n
          \n
        • \u9690\u6027\u6210\u672c<\/strong>\uff1a\n
            \n
          • \u4fdd\u7ba1\u8d39\uff08\u4fdd\u9669\u67dc\/\u6052\u6e29\u7bb1\uff09<\/li>\n\n\n\n
          • \u4ea4\u6613\u4f63\u91d1\uff08\u62cd\u5356\u884c\u62bd\u621015-25%\uff09<\/li>\n\n\n\n
          • \u6d41\u52a8\u6027\u6298\u4ef7\uff08\u6025\u552e\u635f\u593130%+\uff09<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
            \n

            \ud83d\udca1 \u68c0\u9a8c\u6807\u51c6\uff1a\u80fd\u5426\u968f\u65f6\u6309\u5e02\u573a\u4ef795\u6298\u53d8\u73b0\uff1f<\/p>\n<\/blockquote>\n\n\n\n

            \n\n\n\n

            \u771f\u8d44\u4ea7\u6784\u5efa\u6a21\u677f<\/strong><\/h3>\n\n\n\n

            \u8d44\u4ea7\u7c7b\u578b\u77e9\u9635\uff08\u6309\u73b0\u91d1\u6d41\u5f3a\u5ea6\u6392\u5e8f\uff09<\/h4>\n\n\n\n
            \u7c7b\u578b<\/strong><\/th>\u6708\u73b0\u91d1\u6d41\u4ea7\u51fa\u6bd4<\/th>\u6848\u4f8b<\/th>\u5165\u95e8\u8def\u5f84<\/th><\/tr><\/thead>
            \u73b0\u91d1\u5976\u725b<\/strong><\/td>\u22653%<\/td>\u9ad8\u80a1\u606f\u80a1\u7968\uff08\u957f\u6c5f\u7535\u529b\uff09<\/td>\u80a1\u606f\u7387>5%+10\u5e74\u8fde\u7eed\u5206\u7ea2<\/td><\/tr>
            \u589e\u503c\u5f15\u64ce<\/strong><\/td>0%-1%<\/td>\u6838\u5fc3\u5730\u6bb5\u51fa\u79df\u623f<\/td>\u79df\u552e\u6bd4>2%+\u5730\u94c11km\u5185<\/td><\/tr>
            \u88ab\u52a8\u7ba1\u9053<\/strong><\/td>2%-4%<\/td>REITs\uff08\u9e4f\u534e\u524d\u6d77\uff09<\/td>\u5206\u6d3e\u7387>7%\u4e14\u8d1f\u503a\u7387<40%<\/td><\/tr>
            \u9690\u5f62\u8d44\u4ea7<\/strong><\/td>\u95f4\u63a5\u6536\u76ca<\/td>\u77e5\u8bc6\u4ea7\u6743\/\u53ef\u51fa\u79df\u6280\u80fd<\/td>\u5f00\u53d1\u5728\u7ebf\u8bfe\u7a0b\/\u4e13\u5229\u6388\u6743<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            \n

            \u6ce8<\/strong>\uff1a\u73b0\u91d1\u6d41\u4ea7\u51fa\u6bd4 = \u5e74\u51c0\u73b0\u91d1\u6d41 \/ \u8d44\u4ea7\u73b0\u503c<\/p>\n<\/blockquote>\n\n\n\n

            \n\n\n\n

            \u8d1f\u503a\u8f6c\u5316\u8d44\u4ea7\u7684\u70bc\u91d1\u672f<\/strong><\/h3>\n\n\n\n

            \u573a\u666f1\uff1a\u81ea\u4f4f\u623f\u6539\u9020<\/h4>\n\n\n\n
            \"\"<\/code><\/pre>\n\n\n\n
            \u2192 \u8f6c\u5316\u7ed3\u679c<\/strong>\uff1a\u51c0\u73b0\u91d1\u6d41\u4ece-6000\u5143\/\u6708\u53d8\u4e3a -500\u5143\/\u6708<\/strong><\/p>\n\n\n\n
            \u573a\u666f2\uff1a\u6c7d\u8f66\u8d44\u4ea7\u5316<\/h4>\n\n\n\n
              \n
            • \u7f51\u7ea6\u8f66\u5408\u89c4\u8fd0\u8425<\/strong>\uff1a
              \u6708\u51c0\u6536\u5165 = \u6d41\u6c341.2\u4e07 - \u6cb9\u8d393000 - \u5e73\u53f0\u62bd\u621020% = 6600\u5143<\/code><\/li>\n\n\n\n
            • \u5a5a\u5e86\u8f66\u961f\u6302\u9760<\/strong>\uff1a\u5468\u672b\u51fa\u8f663\u6b21 \u2192 \u6708\u589e\u65364000\u5143<\/li>\n<\/ul>\n\n\n\n
              \n\n\n\n
              \u8d1f\u503a\u51b3\u7b56\u7ea2\u7ebf\u6e05\u5355<\/strong><\/h3>\n\n\n\n
              \u4ee5\u4e0b\u60c5\u51b5\u6c38\u8fdc\u89c6\u4e3a\u8d1f\u503a\uff08\u614e\u8d2d\uff01\uff09\uff1a<\/p>\n\n\n\n
                \n
              1. \u274c \u9700\u5206\u671f\u4ed8\u6b3e\u7684\u6d88\u8d39\u54c1\uff08\u624b\u673a\/\u5962\u4f88\u54c1\uff09<\/li>\n\n\n\n
              2. \u274c \u5e74\u5316\u8d44\u91d1\u6210\u672c\uff1e6%\u7684\u501f\u8d37\u6d88\u8d39\uff08\u8f66\u8d37\/\u767d\u6761\uff09<\/li>\n\n\n\n
              3. \u274c \u7ef4\u62a4\u6210\u672c\uff1e\u5e74\u6536\u76ca2%\u7684\u8d22\u4ea7\uff08\u6e38\u8247\/\u5ea6\u5047\u522b\u5885\uff09<\/li>\n\n\n\n
              4. \u274c \u65e0\u6cd5\u4ea7\u751f\u73b0\u91d1\u6d41\u7684\u201c\u6295\u8d44\u201d\uff08\u7eaa\u5ff5\u5e01\/\u666e\u6d31\u8336\u7092\u4f5c\uff09<\/li>\n<\/ol>\n\n\n\n
                \n\n\n\n
                \u8d44\u4ea7\u8d1f\u503a\u5065\u5eb7\u5ea6\u8bca\u65ad<\/strong><\/h3>\n\n\n\n
                \u8d22\u52a1\u81ea\u7531\u4e34\u754c\u516c\u5f0f\uff1a<\/h4>\n\n\n\n
                \u8d22\u52a1\u81ea\u7531 = \u8d44\u4ea7\u5e74\u51c0\u73b0\u91d1\u6d41\u2797\u5bb6\u5ead\u5e74\u652f\u51fa >= 1.2<\/code><\/pre>\n\n\n\n
                  \n
                • \u6848\u4f8b<\/strong>\uff1a
                  \u5bb6\u5ead\u5e74\u652f\u51fa24\u4e07 \u2192 \u9700\u8d44\u4ea7\u6708\u51c0\u73b0\u91d1\u6d41\u22652.4\u4e07<\/li>\n\n\n\n
                • \u65b9\u6848\uff1a500\u4e07\u7406\u8d22\uff08\u5e74\u53165.76%\uff09
                  \u6216<\/strong> 6\u5957\u6708\u79df4000\u5143\u51c0\u6536\u76ca\u7684\u623f\u4ea7<\/li>\n<\/ul>\n\n\n\n
                  \u8d1f\u503a\u8b66\u6212\u7ebf\uff1a<\/h4>\n\n\n\n
                  \u603b\u8d1f\u503a\u5229\u606f \u00f7 \u5e74\u6536\u5165 \u2264 15%<\/code><\/p>\n\n\n\n
                  \n
                  \u8d85\u7ebf\u8005\u7acb\u5373\u6267\u884c\uff1a<\/p>\n\n\n\n
                    \n
                  1. \u51fa\u552e\u4f2a\u8d44\u4ea7\uff08\u6536\u85cf\u54c1\/\u591a\u4f59\u6c7d\u8f66\uff09<\/li>\n\n\n\n
                  2. \u9ad8\u606f\u8d1f\u503a\u7f6e\u6362\uff08\u4fe1\u7528\u8d37\u2192\u623f\u8d37\uff09<\/li>\n\n\n\n
                  3. \u6682\u505c\u975e\u5fc5\u8981\u6d88\u8d39<\/li>\n<\/ol>\n<\/blockquote>\n\n\n\n
                    \n\n\n\n
                    \u5b9e\u6218\u8bad\u7ec3\uff1a\u7ed9\u4e0b\u5217\u7269\u54c1\u8d34\u6807\u7b7e<\/strong><\/h3>\n\n\n\n
                    \u7269\u54c1<\/th>\u4f60\u7684\u5224\u65ad<\/th>\u771f\u76f8<\/th><\/tr><\/thead>
                    \u8d37\u6b3e\u8d2d\u4e70\u7684\u5a5a\u6212<\/td>\u274c \u8d1f\u503a<\/td>\u60c5\u611f\u4ef7\u503c\u2260\u8d22\u52a1\u8d44\u4ea7<\/td><\/tr>
                    \u51fa\u79df\u4e2d\u7684\u8f66\u4f4d<\/td>\u2705 \u8d44\u4ea7<\/td>\u6708\u73b0\u91d1\u6d41500\u5143<\/td><\/tr>
                    \u672a\u51fa\u7248\u7684\u5c0f\u8bf4\u624b\u7a3f<\/td>\u26a0\ufe0f \u6f5c\u5728\u8d44\u4ea7<\/td>\u53d8\u73b0\u524d\u662f\u6c89\u6ca1\u6210\u672c<\/td><\/tr>
                    \u6bd4\u7279\u5e01\u77ff\u673a<\/td>\ud83d\udcc9 \u8d1f\u503a<\/td>\u7535\u8d39\uff1e\u6316\u77ff\u6536\u76ca<\/td><\/tr>
                    \u533b\u4fdd\u8303\u56f4\u5185\u7684\u91cd\u75be\u9669<\/td>\ud83d\udee1\ufe0f \u53cd\u8d1f\u503a<\/td>\u5bf9\u51b2\u533b\u7597\u8d1f\u503a\u98ce\u9669<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                    \n
                    \u7ec8\u6781\u5fc3\u6cd5<\/strong>\uff1a
                    \u8d44\u4ea7\u7684\u672c\u8d28\u662f\u201c\u7761\u540e\u6536\u5165\u751f\u6210\u5668\u201d<\/strong>
                    \u6bcf\u5f53\u8981\u8d2d\u4e70\u5927\u4ef6\u65f6\uff0c\u7075\u9b42\u4e09\u95ee\uff1a<\/p>\n\n\n\n
                      \n
                    1. \u8fd9\u4e1c\u897f\u6bcf\u6708\u7ed9\u6211\u8d5a\u591a\u5c11\u94b1\uff1f<\/li>\n\n\n\n
                    2. \u6301\u6709\u5b83\u8981\u82b1\u591a\u5c11\u94b1\uff1f<\/li>\n\n\n\n
                    3. \u6025\u7528\u94b1\u65f6\u80fd\u5feb\u901f\u53d8\u73b0\u591a\u5c11\uff1f
                      \u4efb\u4e00\u7b54\u6848\u4e0d\u7b26\u5408\u9884\u671f\uff0c\u7acb\u5373\u79bb\u5f00\u652f\u4ed8\u9875\u9762\u3002<\/li>\n<\/ol>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"
                      \u7406\u89e3\u8d44\u4ea7\u4e0e\u8d1f\u503a\u7684\u672c\u8d28\u533a\u522b\uff0c\u662f\u8d22\u52a1\u81ea\u7531\u7684\u7b2c\u4e00\u5757\u57fa\u77f3\u3002\u7f57\u4f2f\u7279\u00b7\u6e05\u5d0e\u7684\u7ecf\u5178\u5b9a\u4e49\u9700\u8981\u7ed3\u5408\u73b0\u5b9e\u573a\u666f\u6df1\u5316\uff0c\u4ee5\u4e0b\u662f\u7a7f\u900f\u8868\u8c61\u7684 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-42","post","type-post","status-publish","format-standard","hentry","category-2"],"_links":{"self":[{"href":"https:\/\/iproject.work\/index.php?rest_route=\/wp\/v2\/posts\/42","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iproject.work\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iproject.work\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iproject.work\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/iproject.work\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42"}],"version-history":[{"count":1,"href":"https:\/\/iproject.work\/index.php?rest_route=\/wp\/v2\/posts\/42\/revisions"}],"predecessor-version":[{"id":47,"href":"https:\/\/iproject.work\/index.php?rest_route=\/wp\/v2\/posts\/42\/revisions\/47"}],"wp:attachment":[{"href":"https:\/\/iproject.work\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iproject.work\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iproject.work\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}