摘要
从基础设施BOT项目的不确定因素出发,针对传统投资评价方法对基础设施BOT项目投资决策的局限性,在分析基础设施BOT项目具有实物期权特性的基础上,建立了基于推迟期权的投资决策模型,求解了投资机会价值和最优投资决策的临界值,最后通过举例验证了该投资决策模型应用于基础设施BOT项目的可行性。
Due to the uncertainty of the infrastructure BOT project, and the itation of the traditio vestment decision on infrastructure BOT project, this paper builds an investment decision model with rable option, by analyzing the infrastructure BOT project which has the character of real option, and the problem of threshold for investment value and the most superior investment decision. An example the feasibility of this model to be applied in Infrastructure BOT project investment decision.
出处
《工业工程》
2007年第6期87-90,共4页
Industrial Engineering Journal
基金
国家自然科学基金资助项目(70371021)
陕西省软科学研究计划项目(2003KR20)
