期权定价理论在风险投资决策中的应用

The Application of Option Pricing Theory in Risk Investment Decision-making

风险投资家在风险投资决策过程中面临许多不确定性因素,投资决策的传统方法NPV法在应用过程中弊端日益显露。本文借鉴金融期权的定价方法,引出实物期权的定价公式,比较分析NPV法与实物期权定价法的差异,为风险投资家作出正确决策提供指导。

There are many uncertain factors facing risk investors in risk investment decision-making and NPV method has shown problems in practice.The paper,with the help of option pricing method,introduces barter option pricing formula and compares and analyzes the similarities and differences between NPV method and barter option pricing method so as to privide guidance for the investors to make correct decisions.