大连海事大学学报 >
2017 , Vol. 43 >Issue 4: 22 - 28
DOI: https://doi.org/10.16411/j.cnki.issn1006-7736.2017.04.004
基于障碍期权理论的船舶投资决策
收稿日期: 2017-03-22
修回日期: 2017-05-17
网络出版日期: 2017-05-31
Ship investment decision based on barrier option approach
Received date: 2017-03-22
Revised date: 2017-05-17
Online published: 2017-05-31
王凌 , 王建平 . 基于障碍期权理论的船舶投资决策[J]. 大连海事大学学报, 2017 , 43(4) : 22 -28 . DOI: 10.16411/j.cnki.issn1006-7736.2017.04.004
This paper evaluated the ship investment project respectively with the traditional net present value method (NPV), the real option method (ROA) and real option method with a down-and-out barrier feature (BOP). Empirical analysis shows that the ship investment project with ROA and BOP has a greater value than that with NPV, and the ship investment project with BOP has a lower value than that with ROA, because barrier options have lower prices than ordinary options.
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