摘要: |
R&D项目包含的实物期权之间存在关联性作用,使得项目实物期权不具有可加性。在此,讨论了R&D项目实物期权之间关联作用的大小和方向,结合案例分析,阐述了关联性作用对R&D项目投资决策的影响,为R&D项目投资提供了一个投资决策分析框架。 |
关键词: R&D 实物期权 关联性分析 实物期权定价 |
DOI: |
分类号:F830.9 |
基金项目:2002高等学校博士学科点专项科研基金资助(20020246033)。 |
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Interaction Analysis Among R&D Project Real Options |
ZHANG Qing-hua TIAN Zeng-rui MAO Shui-rong
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Abstract: |
Due to the interaction among real options embedded in the R&D project,the values of real options are not additive. It has explored the direction of the interaction as well as its magnitude. Furthermore,it provides a investment decision framework based on |
Key words: R&D,real options,interaction analysis,real option pricing |