建设项目评价之净现值法的应用问题

Construction Project Evaluation——The Application of Net Present Value

净现值法是项目投资决策的常用方法之一，它是经济决策中的一动态指标，需要一个重要的输入变量即方案的必要报酬率。在大多数用净现值法进行的决策中，不同方案必要报酬率是相同的，而笔者认为要根据各方案的风险来确定方案本身的报酬率。本文还提到了借贷资金投资项目净现值分析，主要是针对不同计息方式的探讨。

Net present value is one of the common methods in project investment decision. It is a dynamic index in economic decision and requires an important input variable which is the necessary guerdon rate of project. In most of decisions made by net present value, different projects usually have same rate of return, but we argue that the rate of return shall be determined according to the risk of each project Also, this paper mentions the net present value analysis on loan fund investment project.