%0 Journal Article
%T The Option Pricing Research of Strategic Investments in Corporations<br>企业战略投资的期权研究
%A LIU Bing-jun
%A OUYANG Ling-nan
%A <br>刘兵军
%A 欧阳令南
%J 系统工程理论与实践
%D 2003
%I 
%X Using the theory of real option, we set up a model of decision for irreversible and cyclic investment. After analysis, the model will tell us invest or not, and when is the best time to investment. At the end of this paper, the writer uses the pratical examples to examine the parameters' impact to the model.
%K strategic project
%K real options sunk cost
%K investment opportunity<br>战略项目
%K 实物期权
%K 沉没成本
%K 投资时机
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=BF7931D34435FF3D&yid=D43C4A19B2EE3C0A&vid=EA389574707BDED3&iid=F3090AE9B60B7ED1&sid=B6DA1AC076E37400&eid=286FB2D22CF8D013&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=5&reference_num=4