{"id":20258,"date":"2026-05-16T14:53:12","date_gmt":"2026-05-16T05:53:12","guid":{"rendered":"https:\/\/www.aas-clover.com\/tokyoblog\/20258"},"modified":"2026-05-16T15:59:22","modified_gmt":"2026-05-16T06:59:22","slug":"r07%e5%b9%b4%e5%ba%a6%e4%ba%8b%e4%be%8b%ef%bc%94%ef%bc%88%e5%be%97%e7%82%b9-93%e7%82%b9%ef%bc%89-3","status":"publish","type":"post","link":"https:\/\/www.aas-clover.com\/tokyoblog\/20258","title":{"rendered":"R07\u5e74\u5ea6\u4e8b\u4f8b\uff14\uff08\u5f97\u70b9 93\u70b9\uff09"},"content":{"rendered":"

\u7b2c\uff11\u554f\uff08\u914d\u70b925\u70b9\uff09<\/h4>\n

\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n\n\n\n\n\n\n
<\/td>\n\uff08a\uff09\u6307\u6a19\u540d<\/td>\n\uff08b\uff09\u5024<\/td>\n<\/tr>\n
\u2460\u512a\u308c\u305f\u6307\u6a19<\/td>\n\u6d41\u52d5\u6bd4\u7387<\/td>\n283.67%<\/td>\n<\/tr>\n
\u2461\u52a3\u308b\u6307\u6a19<\/td>\n\u58f2\u4e0a\u9ad8\u7dcf\u5229\u76ca\u7387<\/td>\n35.85%<\/td>\n<\/tr>\n
\u2462\u52a3\u308b\u6307\u6a19<\/td>\n\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387<\/td>\n1.85\u56de<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n

\u30b3\u30ed\u30ca\u798d\u3084\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb\u306e\u5909\u5316\u7b49\u3067\u9700\u8981\u4f4e\u8ff7\u3068\u539f\u6599\u9ad8\u9a30\u3084\u8077\u4eba\u306e\u624b\u4f5c\u308a\u306e\u5de5\u6570\u591a\u304f\u53ce\u76ca\u6027\u304c\u4f4e\u3044\u3002\u5e97\u8217\u4fdd\u6709\u3067\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u304c\u591a\u3044\u5272\u306b\u5341\u5206\u306a\u58f2\u4e0a\u304c\u7372\u5f97\u3067\u304d\u305a\u52b9\u7387\u6027\u304c\u4f4e\u3044\u3002<\/p>\n

\u7b2c\uff12\u554f\uff08\u914d\u70b930\u70b9\uff09<\/h4>\n

\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n\n\n\n\n\n
\u2460\u88fd\u54c1X\u8ca9\u58f2\u6570\u91cf<\/td>\n480\u57fa<\/td>\n<\/tr>\n
\u2461\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n720\u57fa<\/td>\n<\/tr>\n
\u2462\u640d\u76ca\u5206\u5c90\u70b9\u58f2\u4e0a\u9ad8<\/td>\n691,200,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n

X: (600 – 230) = 370\u3001Y: (560 – 140) = 420\u3001370 * 2X + 420 * 3X – 45,000 – 35,000 – 400,000 = 0\u3001X = 240\u30bb\u30c3\u30c8\u3002600 * 480 + 560 * 720 = 691,200\u5343\u5186\u3001691,200,000\u5186<\/p>\n

\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n\n\n\n
\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n947\u57fa<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n

(600 – 230 * 1.05) = 358.5\u3001(560 – 140 * 1.05) = 413\u3001358.5 * 500 + 413Y – 80,000 – 400,000 * 1.1 = 50,000\u3001413Y = 390,750\u3001Y = 946.125\u3001\u7e70\u308a\u4e0a\u3052<\/p>\n

\uff08\u8a2d\u554f\uff13\uff09<\/strong><\/p>\n\n\n\n\n\n
\u2460\u88fd\u54c1X\u8ca9\u58f2\u6570\u91cf<\/td>\n500\u57fa<\/td>\n<\/tr>\n
\u2461\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n1,500\u57fa<\/td>\n<\/tr>\n
\u2462\u7dcf\u5229\u76ca\u984d<\/td>\n408,750,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n

358.5 \u00f7 0.5 = 717\/h\u3001(650 – 147) \u00f7 0.3 = 1,676.66\/h\u3001Y\u3092\u512a\u5148\u3059\u308b\u304c75%\u307e\u3067\u30020.5x + 0.3 * 3x = 700h\u3001x = 500\u30bb\u30c3\u30c8\u3002500 * 358.5 + 1,500 * 503 – 80,000 – 5,000 – 440,000 = 408,750\u5343\u5186\u3001408,750,000\u5186<\/p>\n

\u7b2c\uff13\u554f\uff08\u914d\u70b925\u70b9\uff09<\/h4>\n

\uff08\u8a2d\u554f\uff11\uff09\u8a2d\u5099Z\u58f2\u5374\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong><\/p>\n\n\n\n
\u58f2\u5374CF<\/td>\n4,200,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n

\u6b8b\u5b58\u4fa1\u50240\u30926,000\u3067\u58f2\u5374\u30016,000 – 6,000 x 0.3 = 4,200\u30014,200,000\u5186<\/p>\n

\uff08\u8a2d\u554f\uff12\uff09\u5404\u5e74\u672b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong><\/p>\n\n\n\n\n\n\n
\uff11\u5e74\u672b<\/td>\n10,620,000\u5186<\/td>\n<\/tr>\n
\uff12\u5e74\u672b<\/td>\n19,620,000\u5186<\/td>\n<\/tr>\n
\uff13\u5e74\u672b<\/td>\n19,620,000\u5186<\/td>\n<\/tr>\n
\uff14\u5e74\u672b<\/td>\n32,820,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n

1\u672b: 300 – 120 = 180\u3001(180 * 300 – 60,000 \u00f7 4 – 2,400 – 30,000) * 0.7 + 60,000 \u00f7 4 – 9,000 = 10,620\u5343\u5186
\n2\u672b: (180 * 300 – 60,000 \u00f7 4 – 2,400 – 30,000) * 0.7 + 60,000 \u00f7 4 = 19,620\u5343\u5186
\n3\u672b: 19,620\u5343\u5186
\n4\u672b: 19,620 + 9,000 + 4,200 = 32,820\u5343\u5186\u300132,820,000\u5186<\/p>\n

\uff08\u8a2d\u554f\uff13\uff09\u6b63\u5473\u73fe\u5728\u4fa1\u5024\u30fb\u63a1\u5426<\/strong><\/p>\n\n\n\n\n
\u6b63\u5473\u73fe\u5728\u4fa1\u5024<\/td>\n13,868,220\u5186<\/td>\n<\/tr>\n
\u63a1\u5426<\/td>\n\u3059\u308b<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n

NPV = 10,620 * 0962 + 19,620 * (0.925 + 0.889) + 32,820 * 0.855 = 13,868.22\u5343\u5186\u300113,868,220\u5186<\/p>\n

\u7b2c\uff14\u554f\uff08\u914d\u70b920\u70b9\uff09<\/h4>\n

\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n

\u9577\u671f\u501f\u5165\u91d1\u3067\u8cc7\u91d1\u8abf\u9054\u3059\u3079\u304d\u3002\u7406\u7531\u306f\u2460\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u304c\u9ad8\u304f\u5b89\u5168\u6027\u304c\u9ad8\u3044\u305f\u3081\u501f\u5165\u4f59\u529b\u304c\u3042\u308a\u3001\u2461CF\u7372\u5f97\u306b\u6642\u9593\u3092\u8981\u3057\u3001\u2462\u30bf\u30c3\u30af\u30b9\u30b7\u30fc\u30eb\u30c9\u3067\u7bc0\u7a0e\u52b9\u679c\u304c\u3042\u308b\u305f\u3081\u3002<\/p>\n

\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n

\u8ca1\u52d9\u7684\u30ea\u30b9\u30af\u306f\u2460\u70ba\u66ff\u5909\u52d5\u3067\u53ce\u76ca\u5909\u52d5\u3001\u2461\u50b5\u6a29\u9577\u671f\u5316\u3067CF\u60aa\u5316\u3002\u5bfe\u7b56\u306f\u2460\u70ba\u66ff\u4e88\u7d04\u3068\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\u8cb7\u3044\u3001\u2461\u5728\u5eab\u524a\u6e1b\u3068\u501f\u5165\u3002 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u7b2c\uff11\u554f\uff08\u914d\u70b925\u70b9\uff09 \uff08\u8a2d\u554f\uff11\uff09 \uff08a\uff09\u6307\u6a19\u540d \uff08b\uff09\u5024 \u2460\u512a\u308c\u305f\u6307\u6a19 \u6d41\u52d5\u6bd4\u7387 283.67% \u2461\u52a3\u308b\u6307\u6a19 \u58f2\u4e0a\u9ad8\u7dcf\u5229\u76ca\u7387 35.85% \u2462\u52a3\u308b\u6307\u6a19 \u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387 1.85\u56de \uff08\u8a2d\u554f\uff12\uff09 \u30b3\u30ed\u30ca\u798d\u3084\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb […]<\/p>\n","protected":false},"author":1,"featured_media":2818,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"swell_btn_cv_data":"","score":"93","footnotes":""},"categories":[345],"tags":[],"class_list":["post-20258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saigen-2025d"],"_links":{"self":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/comments?post=20258"}],"version-history":[{"count":1,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20258\/revisions"}],"predecessor-version":[{"id":21306,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20258\/revisions\/21306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/media\/2818"}],"wp:attachment":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/media?parent=20258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/categories?post=20258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/tags?post=20258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}