| 不确定条件下投资项目现值的临界值分析 |
| |
| 引用本文： | 刘奕均,龙振海.不确定条件下投资项目现值的临界值分析[J].科学技术与工程,2009,9(12). |
| |
| 作者姓名： | 刘奕均 龙振海 |
| |
| 作者单位： | 上海交通大学安泰经济与管理学院,上海,200052 |
| |
| 摘 要： | 在不确定条件下项目投资现值的分析已不能再停留在传统的NPV分析,项目未来现金流现值大于投资现期投入则投资,若小于则不投资的框架内.充分把握未来不确定性,积极运用项目管理者的柔性决策空间,运用实物期权思想及其二项式期权定价模型确定项目中的实物期权价值,在基于实物期权的分析框架内考虑实物期权价值,寻找投资项目现值投资决策的临界值.
|
| 关 键 词： | 不确定性 实物期权 项目投资现值 临界值 |
Under Uncertainy Condition the Present Value of Investment Projects Threshold Analyize |
| |
| LIU Yi-jun,LONG Zhen-hai.Under Uncertainy Condition the Present Value of Investment Projects Threshold Analyize[J].Science Technology and Engineering,2009,9(12). |
| |
| Authors: | LIU Yi-jun LONG Zhen-hai |
| |
| Institution: | Antai College of Economics & Management;Shanghai Jiaotong University;Shanghai 200052;P.R.China |
| |
| Abstract: | Investment projects in the future uncertain conditions present value analysis no longer to stay in traditional NPV analysis.If project future cash flows to present value is greater than investment current input it will be invest,if not less than investment current input it will not be invest.Fully grasp the future uncertainty,actively use the soft policy space project managers,using mentality of real option and options pricing of binomial models and the determination of the project's value in real options.B... |
| |
| Keywords: | uncertainty real option present value of investment projects threshold |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
