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Analysis of energy-saving real option investment based on normal clouds

Analysis of energy-saving real option investment based on normal clouds,10.1109/AIMSEC.2011.6010272,Guo Xiao-yan

Analysis of energy-saving real option investment based on normal clouds  
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In recent years, our country’s building energy-saving field is developing quickly, but for the government responsibility or investors too voluntarily resulted implementation, the effect is not good. At present, the government in investment and construction energy-saving project evaluation method is mainly using the net present value approach(NPV), internal rate of return method and other conventional methods, and take administrative departments shall organize in the future headquarters, building energy-saving development uncertainty increased circumstance, with net present value (NPV method) method for the core of the traditional investment decision methods in the application scope of shrinking and real option method is a kind of uncertainty environment of investment decision-making method, through the analysis of the advantage of an opportunity to create or expectations of costs and benefits, to decide whether to investment. But for larger environmental uncertainty, the real options appears more effective and scientific. Along with the development of the theory of real options in practical application of real options more widely. Some foreign and domestic scholars and industrial circles personage will real option pricing method is used in the analysis of the natural resource investment, startups investment, petroleum exploration, infrastructure investment, real estate development, drug development, flexible manufacturing system, licenses and patents and other evaluation, appraisal, and a large number of empirical research work, for enterprise's actual investment evaluation and decision analysis provides a strong support. At present the analysis method of options has been introduced to the project evaluation and decision. Real option compared with the traditional evaluation method lies in its breakthrough established in uncertain properties, and try to create value ideas in the real environment from the uncertainty of the value of quantification, as shown in figure 1.
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