基于实物期权的项目组合投资决策研究被引量：12

The Study of Multiple Projects Investment Decision Based on Real Option

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摘要基于项目投资决策的可延迟性特征,将实物期权的决策灵活性思想引入到企业的投资组合决策中,建立了基于实物期权的0-1整数规划模型。模型以项目的期权价值最大化作为投资组合项目选择的标准,通过项目组合投资时机的灵活安排,实现了项目组合的总投资价值最大化。 The paper incorporates real options concepts into enterprise＇ s decision and constructs an option - based 0 - 1 integer programming model to evaluate multiple projects that compete with each other. Using the model, enterprise can invest project with time flexibility and optimizes the value of investment portfolios.

作者樊霞刘西林

机构地区西北工业大学管理学院

出处《中国管理科学》 CSSCI 2006年第1期21-24,共4页 Chinese Journal of Management Science

关键词实物期权项目组合 0-1整数规划 real options project portfolio 0 - 1 integer programming

分类号 F830 [经济管理—金融学]

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