|
系统工程理论与实践 2003
The Option Pricing Research of Strategic Investments in Corporations
|
Abstract:
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.