Risk Measurement and Sensitivity Analysis of High-tech Investment

摘要：

The high-tech investment project has the distinguishing features of high input, high risk and high output making the risk assessment crucial in the project. The sensitivity analysis is a common uncertainty analysis method for the decision of risk investment project. This paper extends a two-factor sensitivity analysis model of the high-tech investment project to the multi-factor case resulting in reduction of computation cost. The new model is especially suitable for the investment project with low risk. It can decrease the risk of investment efficiently, and thus improve the veracity of investment decision. By using concrete examples we emphasize in investigating the risk measurement method of portfolio high-tech investment in order to determine the optimal decision of portfolio investment.

关键词： investment risk measurement sensitivity analysis high technology

作者: WANG Yanfang ZHANG Ning JIANG Lei

作者单位: College of Information Engineering, Dalian University, Dalian, China, 116622

会议类型: 国际会议

会议名称: The 4th (2012) International Conference on Financial Risk and Corporate Finance Management(第四届(2012)金融风险与公司金融国际研讨会 FRCFM)

会议地点: 大连

会议语种:英文

页码: 456-461

在线出版日期: 2012-07-07（万方平台首次上网日期，不代表论文的发表时间）