Study and application of military software pricing based on option pricing

摘要

The idea of real option is applied in military software pricing in this paper. By redefinition and combination of the two typical option pricing models (Black-Scholes model and binomial tree model), we find out that option value of military software is estimated software cost. Since the crucial variable of Black-Scholes model is the volatility whose value can be estimated with the method of Monte Carlo analogy. At last, the application of this military software pricing model is demonstrated in a real case.