R & D project's investment evaluation based on real option and its value at risk

摘要

The authors looked upon it as real options and applied the VaR (Value at Risk) method to the evaluation of its risk value based on the analysis of R & D project investment characteristics, and advanced the evaluation model of the project's return and risk according to financial theories. This paper expounded the two-dimension evaluation model of project, and divided it into five decision-making regions.