This paper gives a new method into the evaluating system of teleeom investment projects, i.e. Real Option. This may overcome the defects resulted from employing Net Present Value （NPV）, which is nova used in the eva...This paper gives a new method into the evaluating system of teleeom investment projects, i.e. Real Option. This may overcome the defects resulted from employing Net Present Value （NPV）, which is nova used in the evaluation of telecom projects. A theoretical analysis of Real Option is provided, followed by an example of telecom investment project to illustrate the differences between the two methods.展开更多
基金This workis supported by Ministry of Education P.R.C(03036)Key Laboratory of Information Management and Information Economics, Min-istry of Education P.R.C(F04-22) .
文摘This paper gives a new method into the evaluating system of teleeom investment projects, i.e. Real Option. This may overcome the defects resulted from employing Net Present Value （NPV）, which is nova used in the evaluation of telecom projects. A theoretical analysis of Real Option is provided, followed by an example of telecom investment project to illustrate the differences between the two methods.
