The Option Game Approach of R&D Investment Evaluation

摘要：

The first discrete model of option game had been developed by Smit and Ankum (1993), and Smit and Trigeorgis (1997, 2003) have developed the discrete model approach on R&D project. As to continuous model of option game on R&D investment project, Huisman and Kort (1999) have developed the standard option game model under symmetric duopoly. According to project evaluation, the equilibrium strategy set of the above model could be thought as project value analysis under the circumstances of uncertain strategy interaction. So this paper presents the option game approach on R&D investment evaluation.

关键词： R&D Investment Evaluation Option Game

作者: HONG Kai-rong

作者单位: School of Business, Central South University, P.R.China, 410083

会议类型: 国际会议

会议名称: 2007 International Conference on Dtrategic Management（2007年战略管理国际会议）

会议地点: 成都

会议语种:英文

页码: 1075-1079

在线出版日期: 2007-04-19（万方平台首次上网日期，不代表论文的发表时间）