第二部分是组合实物期权评估方法的研究。
The second part offers the method on compound real-options evaluating.
作者在比较传统价值评估方法与实物期权价值评估计算差异后，提出实物期权评估创业企业价值的总体思路。
After comparing the difference between the traditional evaluating methods and real option method, the framework to evaluate the start-up firms with real option is put forward.
最后，在剖析传统评估方法的基础上，提出了实物期权法的评估方法。
Finally, on the basis of analyzing the tradition and assessing the method, it proposes the assessment method that is option law of material object.
随后，实物期权被广泛运用于资本预算和价值评估领域，相比传统的资本预算模型（DCF）具有无比优越性。
Subsequently, real option is widely exercised in capital budgeting and value evaluating and shows tremendous superiority compared to the traditional capital budget model(DCF).
当期权定价理论被应用于理财、评估等领域时，我们称为实物期权定价。
When the theory of options pricing is applied to financing and assessment and other fields, we call it real options pricing.
其次介绍了实物期权理论、博弈论和企业价值评估和定价理论的研究现状；
Secondly, the section actual situation of real option, game theory and price theory.
本文针对煤炭储量的价值评估引入了实物期权方法，弥补了传统方法中的不足。
Based on assessment of value for reserve of coal Thesis bring forward the method of real option, Pointing out the imperfections of the traditional methods.
传统NPV项目价值评估方法(净现值法)需要利用实物期权方法进行修正。
Traditional project valuation method NPV needs to be corrected by Real Option method.
实物期权方法是近年来兴起的一种价值评估方法，适用于评估具有经营灵活性和战略成长性的项目。
Real option approach is rising in recent years. We can value the project of management flexibility and strategy growth by real option approach.
如何对创业投资项目进行评估是一个系统工程，本文通过引入实物期权的思想和方法来发现蕴藏在创业投资项目中的期权，以便更好地改进创业投资项目评价方法。
How to carry on valuation is a system engineering, this paper detect options in venture capital by real option thinking and method, in order to improve venture capital evaluation method.
实物期权，是一种金融衍生工具，于二十世纪八十年代末逐步广泛地应用在投资决策、财务管理、价值评估领域。
Real option, derived from finance, was gradually applied to such fields as investment decision-making, financial management, and value assessment.
经过研究还发现，实物期权模型能较好的对高科技企业进行价值评估。
The research also finds that real option model works well, when we use it to asses the value of a high-tech company.
实物期权是一种来自于金融衍生工具的新理论方法，正逐步广泛地应用在投资决策、财务管理、价值评估领域。
Real option, as a new theoretical approach, derived from finance option theory, was gradually applied to such fields as investment decision making, financial management, and value assessment.
实物期权法在矿权价值评估中的实际应用则是对传统的矿权价值评估方法的改进。
Real options method is introduced in practices of mining right evaluation, in fact it improves the traditional mining right evaluation method.
接下来又介绍了实物期权的方法对创业投资项目财务价值评估的意义。
The fifth part introduced in real option approach to the venture capital project finance value appraisal significance.
本文利用实物期权方法研究企业竞争投资决策和风险债务评估问题。
This thesis adopts real options approach to study investment decisions in competitive circumstances and valuation of risky debt of the corporate.
矿业权评估的实物期权方法优于传统的DCF法，能克服DCF法的弱点，更合理地评估矿业权的价值。
The option in kind method of mining right evaluation is superior to the traditional DCF method and can overcome the shortcoming of DCF method and evaluate the value of mining right more rationally.
在这之后，把期权的B - S模型及二叉树模型应用于无形资产的价值评估中，并由此建立了无形资产的实物期权定价模型及其参数确定方法。
The B-S model and binary model are used in the evaluation of intangible asset and real option pricing model and identification of its parameters are formed accordingly.
在收益法价值评估的基础上，根据欧式B - S期权定价公式，给出房地产实物期权定价近似公式。
According to B-S European options, the approximate formula of real estate options can be deduced based on the NPV method in the paper.
接着，在剖析传统评估方法的基础上提出了实物期权法的评估方法。
The following step is to put forward the assessment methods called real option approach on the basis of traditional assessment methods.
第五章总结与展望。实物期权方法评估采矿权价值是合理可行的，并更好地体现了采矿权的期权特性。
Chapter five is the conclusion and prospect, using real option approach to calculate mining titles is reasonable and feasible and can reflect the option characteristic better.
在企业并购过程中，采用实物期权法对企业的特许经营权价值进行评估。
The real option method is used to evaluate the value of operating concessions given to corporations in the process of the merger and acquisition of corporations.
实物期权的评估框架以及单一实物期权、复合实物期权对高新技术企业价值的评估。
The frame of real option and the appraisal of high-new technology enterprise by single or multiple real option model.
综合评估法是一种，将贴现现金流估价法、经济增加值估价法和实物期权估价法三者结合在一起的评估方法。
Integrated valuation method is a combination valuation method of DCF valuation method, EVA valuation method and real option valuation method.
提出了基于实物期权的房屋拆迁价格评估表达式。
Finally, an expression of the Urban Housing Units valuation based on Real Option was presented.
在EVA评估模型基础上嵌入实物期权定价理论后，由于考虑了公司的柔性价值，所以能更准确和客观地估计上市公司的价值。
And option pricing considers the flexibility of investment. So valuation model according to theory of EVA and option can estimate the firm value more accurately and objectively than other models.
目前用实物期权来评估专利价值的文献又没有考虑技术进步对专利价值的影响，从而高估专利的价值。
However, now, the research that applies real option to patent pricing does not consider the impact of rivalry entry on the value of patent option, leading to the overvaluation of the patents.
目前用实物期权来评估专利价值的文献又没有考虑技术进步对专利价值的影响，从而高估专利的价值。
However, now, the research that applies real option to patent pricing does not consider the impact of rivalry entry on the value of patent option, leading to the overvaluation of the patents.
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