基于期权博弈理论的企业技术创新投资决策分析

Analysis of the Investment Decision of Enterprise Technology Innovation Based on Game Option Theory

技术创新是企业核心竞争力的主要来源,技术创新投资决策的正确与否关乎企业能否在激烈的市场竞争中占有优势地位。针对传统企业技术创新投资估价和决策理论方法存在的问题,引入最新的理论方法—期权博弈论,克服了传统投资决策评价方法存在的一些缺陷,分别得出企业作为领导者和追随者的收益函数和最佳投资临界值,使投资决策方法更具科学性、更趋完善,并提出了进一步研究的方向。

Technological innovation is the main source of the core competitiveness of enterprises. Whether the technological innovation investment strategy is correct or not decides whether the enterprises can occupy the dominant position or not in a highly competitive market. In view of the traditional theories of enterprises technological innovation and decision-making this paper, introduces the latest theory Game option theory which can be used to overcome the defects of traditional e- valuation methods of the investment decision-making, and the value function and the best investment threshold as a business leader and followers have been achieved respectively, so that the investment decision-making methods can be more scientific and will be further improved.