基于期权博弈的电讯设备企业投资决策研究  

On Telecom Enterprise Investment Decision Based on Option Games Theory

作　　者：孟力[1] 孙威[1] 马晓丽[2] 

机构地区：[1]沈阳工业大学管理学院,辽宁沈阳110023 [2]沈阳工业大学材料科学与工程学院,辽宁沈阳110023

出　　处：《控制工程》2006年第1期78-80,90,共4页Control Engineering of China

基　　金：辽宁社会科学基金资助项目(L03DJY004)

摘　　要：基于期权博弈理论,分析了在不确定市场条件下,非对称双头垄断市场结构中的电讯设备企业投资行为,建立了投资优化数学模型,通过对案例进行仿真计算,利用所得出的三维仿真图说明了有关的投资优化决策方案,并且讨论了无风险利率和资产价值波动率参数的变化对投资决策的影响,获得了较为满意的结果。其观点结论对于我国当前电讯设备企业投资决策实践活动具有一定的理论指导意义。Based on option games theory, the investment decision of telecom enterprise under asymmetrical duopoly is analyzed. Optimization mathematical model is established in the condition of uncertainty. The effect of risk-free is illuminated and volume variation impact on investment decision is asseted by using Matlab software to simulate the case. Optimization investment decision is explained by using three-dimensional simulated figure and satisfactory results are obtained. The conclusion is proved to be significant to the investment practices in telecom industry.

关 键 词：电讯企业投资 期权博弈 实物期权 优化策略 

分 类 号：F235.2[经济管理—会计学]