R & D project's investment evaluation based on real option and its value at risk

• 来源期刊: 煤炭学报（英文版）
• 学科: 经济
• 年，卷（期）: 2003,（2）
• 页码范围: 124-126
• 页数: 3页
• 分类号: F8
• 语种: 英文

摘要

The authors looked upon it as real options and applied the VaR(Value at Risk) method to the evaluation of its risk value based on the analysis of R & D project investment characteristics,and advanced the evaluation model of the project's return and risk according to financial theories.This paper expounded the two-dimension evaluation model of project,and divided it into five decision-making regions.