基于不同实物期权价值的项目投资评价方法研究

Research of Project Investment Assessment Method Based on Different Real Options Value

传统的DCF项目投资评价方法忽略了投资项目在不确定环境下的期权价值,从而放弃了项目的潜在战略价值。基于对不同类型的实物期权价值的分析,研究在不确定环境下具有延期期权和扩张期权两种主要期权价值的项目投资评价方法。

The traditional DCF project investment assessment method has neglected the option value of investment plan under the indefinite environment, and thus gives up the latent strategic value of the project .This article will analyze the different types of real options value, and study the investment assessment method of the project with two main option value （option to delay and option to expand） under the indefinite environment.