Title: The Real Option Pricing Model For Risky Investment Project
Abstract: A new model named real option pricing model was proposed to evaluate the risky investment project.The risky investment project is seen as a series of European options,based on the Black-Scholes option pricing model,the real option value can be obtained.Computation result of a sample data demonstrates that the default of the traditional NPV method because of ignoring the real option value.
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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Cited By Count: 1
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