| 延迟决策在IT项目投资中的期权价值分析 |
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| 引用本文： | 刘亚铮,王刚.延迟决策在IT项目投资中的期权价值分析[J].重庆工商大学学报(自然科学版),2007(11):21-23,40. |
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| 作者姓名： | 刘亚铮 王刚 |
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| 作者单位： | 中南大学商学院 长沙410083 |
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| 摘 要： | 对IT投资项目的期权特性进行分析,得出不确定性投资条件下投资机会的可延迟性,使投资机会类似于美式看涨期权,其时间选择权具有价值;充分考虑不确定性对IT项目投资决策的影响,并通过二项式期权定价方法来确定延迟项目投资的期权价值和延迟决策的价值大小。
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| 关 键 词： | 不确定性投资 延迟期权价值 延期决策机会价值 |
An Analysis on Option Value of the Defferred Decision-making in IT Project Investment |
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| LIU Ya-zheng,WANG Gang.An Analysis on Option Value of the Defferred Decision-making in IT Project Investment[J].Journal of Chongqing Technology and Business University:Natural Science Edition,2007(11):21-23,40. |
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| Authors: | LIU Ya-zheng WANG Gang |
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| Abstract: | This paper makes an analysis on the IT investment characteristics of the option, and draws a conclusion that under the conditions of uncertainty investment opportunity may be delayed. It is similar to American-style call option that the time right to choose is valuable. This paper calculates the delayed project investment value of the options and delayed decision-making of the value with full consideration of the effect on uncertainty in the IT project investment decision-making by using the binomial option pricing methods. |
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| Keywords: | uncertainty investment delayed option value deferred decision-making opportunity value |
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