Black—Scholes期权模型在项目投资决策中的应用

Applying Black-Scholes option model in project investment

本文在对传统的NPV法分析基础上,引进Black—Scholes期权模型,对传统的NPV方法进行改进,克服了NPV方法在项目投资决策的局限性,增加了对投资项目决策的科学性。

Base on the analysis of Net Cash Flow method,this article quotes Black-Scholes Option model to improve the tradition NPV method,and promotes the science of decisionmaking on project investment.