The Application of Real Option Theory in Uncertainty Investment Decision-Making
Investment project in the investment process is uncertain. Investment opportunities in the enterprise that has at some point in the future the right to purchase certain assets as an option similar to call option. The real option method is applied to investment under uncertainty decision in paper, the binomial pricing model in principle, it can handle any complex option problems. Binomial pricing model is in fact methods for risk pricing, promotion and expansion. Binomial option pricing model to follow by constructing a risk-free assets and risky assets portfolio to replicate the option value principle, it is risk-neutral pricing methods.
Investment project Binomial pricing model Uncertainty
MA Xiaoguo LIN Min
Economics and Management School of Nanjing University of Engineering, Nanjing, Jiangsu, P.R.China 211167
国际会议
The Eleventh International Symposium--Management Sciences and Engineering(第十一届管理科学与工程国际研讨会)
兰州
英文
26-29
2011-11-12（万方平台首次上网日期，不代表论文的发表时间）