项目投资的实物期权评估方法

Investment Opportunity Valuation Based on Real Option Method

分析了传统项目评估方法的不足,介绍了一种新的评估方法——实物期权方法,并结合具体实例进行了应用分析,说明实物期权方法由于充分考虑了项目的不确定因素从而更具有优越性。

This paper analyzes the disadvantage of the classical valuation method and introduces real option method by analyzing the option characteristic of some investment opportunity and applying to an embodied example.The real option method has more advantage because it has fully considered the uncertainty of investment opportunity.