實物期權(quán)思想在戰(zhàn)略投資決策中的應用.pdf

1、對外經(jīng)濟貿(mào)易大學碩士學位論文飛862683論文題目：實物期權(quán)思想在戰(zhàn)略投資決策中的應用主題詞：實物期權(quán)貼現(xiàn)現(xiàn)金流量法不確定性專業(yè)t金讓篁研究方向；盟釜萱堡研究生姓名；奎匾埋導師姓名：王位壅寫作時間：—20051—2200—6—03ABSTRACTTheRealOptionemphasizestoanalyzetheinfluenceofnewopportunitiesbroughtbyaprogramontheenterpriseThe

2、seopportunitieswereinducedbyinvest／nganewprogramSO—calledstrategicoptionsTheentrepreneursincreasinglyconsiderthevalneofStrategicOptionsandhowtoadoptrealoptiontoestimateitFirst，thethewsanalysesentirelythetechniqueofthetra

3、ditionalinvestmentdecision—makitlg，andgivessomebriefcommentsabouttheadvantagesanddisadvantagesofeachmethodItindicatesthatthereasonwhythetraditionalmethodsCOUldn’tadaptitselftotheuncertainenvironmentAccordingtotheadvantag

4、eofoptiontheorytheauthorsuggeststobringitintostrategyinvestmentdecisionmaking。whichistherealoptionThen，theorigin，themeaningandtheessenceoftherealoptionaresystematicallyintroduced；thediff色rencesbetweentheoptionandtherealo

5、ptionarecompared；andtheuniqueadvantagesofthereal—optioninthestrategyinvestmentanduncertainworldareemphasizedAnabovemademanagersbefievethattheyneedtomasterthesignificantideaabouttherealoptionButthecomplexityofthepricingmo

6、deloftherealoptionbecamethebottle—neckintherealoptionapplicationAndtheapplicabilityofelaasicalBlack—ScholesmodelneedfurtherresearchInthatcasethethesistriestointegratetheDiscountedCashFlow(OCF)andtheideaoftherealoption，fo