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R & D project's investment evaluation based on real option and its value at risk

R & D project's investment evaluation based on real option and its value at risk
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摘要 The authors looked upon it as real options and applied the VaR(Value at Risk) method to the evaluation of its risk value based on the analysis of R & D project investment characteristics,and advanced the evaluation model of the project’s return and risk according to financial theories.This paper expounded the two dimension evaluation model of project,and divided it into five decision making regions. The authors looked upon it as real options and applied the VaR(Value at Risk) method to the evaluation of its risk value based on the analysis of R & D project investment characteristics,and advanced the evaluation model of the project's return and risk according to financial theories.This paper expounded the two dimension evaluation model of project,and divided it into five decision making regions.
出处 《Journal of Coal Science & Engineering(China)》 2003年第2期124-126,共3页 煤炭学报(英文版)
关键词 R & D project real option VAR two dimension evaluation 风险理论 期权 投资决策 评价模型
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