The actual option based investment decision method for improvement of the urban water pollution disaster prevention system according to the present invention includes calculating the present value according to the benefit of the alternatives constructed for improving the urban water pollution disaster prevention system, And for each of the alternatives, with the present value of the benefit of each alternative as the underlying asset, expiring the lag period between the actual execution of each alternative, And calculating the value of the execution timing strategy of the alternatives as the value of the call option calculated through the call option.
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