【摘要】 矿业投资受到许多不确定性因素的影响,这些不确定因素给矿业投资带来投资机会的价值,传统的净现值(NPV)法对矿业投资的评价未考虑这些不确定因素的影响。应用实物期权理论与方法,构建基于延迟实物期权的矿业投资决策模型,并运用算例说明了模型的有效性,为矿业投资决策提供了新的思路和决策方法。更多还原

【Abstract】 Mining investment is influenced with many uncertainties.The uncertainties provide the investment opportunity for mining investments.But traditional mining projects evaluation method,NPV,cannot involve this uncertainty.By means of Option Pricing Theory,it builds a mining investment decision-making model based on delayed real option and tests the reliability of this model through case study,and provides a helpful approach and quantitative tools for mining investment.更多还原