投资决策中NPV法应与实物期权相结合  

NPV Method Should Be Combined With Real Option in Investment Decision

作　　者：杨芷熠 Yang Zhiyi(International College of Jiangxi University of Finance and Economics,Jiangxi Nanchang 330000)

机构地区：[1]江西财经大学国际学院,江西南昌330000

出　　处：《对外经贸》2020年第4期101-102,共2页FOREIGN ECONOMIC RELATIONS & TRADE

摘　　要：NPV法(净现值法)是企业评估投资项目常用的方法。但如今全球经济复杂多变,不确定性增加,传统的NPV法无法适用于某些特殊的投资项目。而实物期权法对传统NPV法的缺陷和不足起到很好的补充作用。当今企业在评估投资项目价值时,可以根据实际情况在传统的NPV法中加入实物期权的方法。文中,主要就对NPV法与实物期权的方法的应用进行探讨。NPV is a common method used by enterprises to evaluate investment projects. But now the global economy is complex and changeable, and the uncertainty is increasing. The traditional NPV method can not be applied to some special investment projects. The real option method is a good supplement to the traditional NPV method. Nowadays, when evaluating the value of investment projects, enterprises can add the real option method into the traditional NPV method according to the actual situation. This paper mainly discusses the application of NPV method and real option method.

关 键 词：NPV法 实物期权 现金流 

分 类 号：F27[经济管理—企业管理]