By applying the concept of real options in economics, IT project development is regarded as a process of real options ' change in this paper. 本文借助经济学中的实物期权思想,把IT项目开发过程视为实物期权的变更过程。
By introducing the option and development of option market and analyzing the characteristic of several kinds of typical options, this paper clearly points out several important factors which influence the option price, and indicates the market risk of the option. 通过对期权及期权市场发展状况的介绍和对几类典型期权具体特点的分析,明确了影响期权价格的几个重要因素,了解了期权的市场风险状况。
The objective Sharpe ratio function of land development arithmetic average value portfolio is deduced based on the geometric average B-S model of the basket options in the paper. 参照一篮子期权的几何平均B-S期权定价模型,给出了基于实物期权的多项土地资源储备与开发的算术平均收益的夏普比率优化目标函数。