| 投资决策的期权方法 |
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| 引用本文： | 刘成刚,陈小林.投资决策的期权方法[J].商业研究,2006(3):70-72. |
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| 作者姓名： | 刘成刚 陈小林 |
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| 作者单位： | 1. 山东建筑工程学院,商学院,山东,济南,250014
2. 中国科技大学,人文学院,安徽,合肥,230026 |
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| 摘 要： | 根据投资的不可逆性和延期投资的可能性,认为投资机会是有价值的,这个价值是投资的机会成本。如果考虑投资机会的价值,投资者作出投资决策的原则是:只有当净现值大于投资机会的价值时,才可以进行投资。贴现率、投资成本、产品价格在未来上升的概率和下降的幅度对投资决策有影响。
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| 关 键 词： | 不可逆投资 投资机会价值 投资期权 净现值 |
| 文章编号： | 1001-148X(2006)03-0070-03 |
| 收稿时间： | 12 6 2004 12:00AM |
| 修稿时间： | 2004年12月6日 |
Optional Method for Investment Decision Making |
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| LIU Cheng-gang,CHEN Xiao-lin.Optional Method for Investment Decision Making[J].Commercial Research,2006(3):70-72. |
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| Authors: | LIU Cheng-gang CHEN Xiao-lin |
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| Institution: | 1. Business School, University of Sandong Construction and Engineering, Jinan, Shandong 250014, Chiha; 2. Humanities and Social Science School, USTC , Hefei , Anhui 230026, China |
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| Abstract: | According to the irreversibility of investment and the probability of deferred investment,this paper holds that investment opportunity has its value,and the value is opportunity cost of investment.By taking account into the value of investment opportunity,investors usually follow such a principle of making investment decision that Net Present Value exceeds the value of investment opportunity.In addition,some other factors may also affect investment decision making including discounted rate,investment cost,probability rate of product price upswing and the range of product price declining in future. |
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| Keywords: | irreversible investment value of investment opportunity investment option NPV |
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