基于布莱克-斯科尔斯模型的扩张期权案例分析

摘要

This article begins with the background of the rise of real option theory,and based on which.classifies real options. This paper mainly designs the Black- Seholes Model (for short as B-S Model).Through contrasting the demonstration shows that deriving the value of the investment of expanding option via B-S Model is more reasonable than traditional discount-cash-flow model.%本文首先介绍实物期权理论兴起的背景,在此基础上对实物期权进行分类.主要阐述了布莱克-斯科尔斯期权定价模型(简称B-S模型).通过实例对比说明使用B-S模型对投资的扩张期权进行估价比传统的折现现金流量法更合理.