NA Peng-jie
Abstract
The investment flexibility is an adjustment in accordance with the market changes. Real options approach can better reflect the merit of investment flexibility. The paper makes an analysis on the application of real options approach, pointing out the problems in applying the method and giving some proposals.
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The investment flexibility is an adjustment in accordance with the market changes. Real options approach can better reflect the merit of investment flexibility. The paper makes an analysis on the application of real options approach, pointing out the problems in applying the method and giving some proposals.
Key concepts: Flexibility (engineering), Capital budgeting, Investment (military), Capital investment, Economics, Capital (architecture), Business, Industrial organization