期权定价理论与企业投资决策

传统投资决策方法是折现现金流量法(DCF法)，无法解决现代市场经济条件下由于不确定性导致的项目价值的不确定性。西方财务理论界提出的把期权定价理论用于项目评估，有利于企业正确评估项目价值，使企业在有效控制风险的条件下，实现项目的最大价值。

DCF method is the traditional investment decision－making method.It cannot evaluate the investment project very accurately if the market condition varies.Nevertheless,if we apply the option evaluation theory into investment decision－making,the investment risk can be controlled efficiently and realize the utmost value of the project.