【摘要】 分析与描述了当前水电项目投资决策中采用的方法及存在的问题,对引入三叉树期权定价模型的前提条件、模型构建、变量设置及参数的确定进行了研究,通过实例分析表明:三叉树模型能较好地反映出水电项目的不确定性、灵活性以及项目的实际价值,为决策者提供合理的决策依据。更多还原

【Abstract】 The method used and problems existing in investment decision of current hydroelectric projects were analyzed and described,the precondition for introducing the trinary-tree option pricing model,the model construction,variable setting and parameters determination were also analyzed and described.Through analysis of a practical example,it showed that the trinary-tree model can well reflect uncertainty,flexibility and actual value of the hydroelectric projects,it can provide a reasonable decision basis for decision maker.更多还原