【摘要】 讨论了矿业管理选择权 ,投资机会可以看作是一个美式看涨期权 ,只要项目具有不确定性 ,投资时间选择权就具有价值。应用期权定价理论和方法 ,给出了投资时间选择权运用具有的投资机会价值和相应的投资决策方法。更多还原

【Abstract】 Running a mine has a certain number of the management flexibility.The investment flexibility can be regarded as an American call option,is has value whenever underlying asset is uncertain.Based on option pricing theory.the value of investment opportunity and investment decision\|making rule are obtained.更多还原