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新兴技术创新速度分析——一种实物期权方法 被引量:6

Analysis of the Speeds of Emerging Technology Innovations with a Real Option Approach
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摘要 在创新采纳成本随时间下降的情况下,采用实物期权方法通过采纳企业投资决策对创新提供方的期望净收益的影响,研究在快速变化的环境下最优的新兴技术创新速度。假设技术进步状态服从泊松过程,分析了创新采纳企业的3种投资策略。进一步通过比较创新提供方的期望净收益值的变化得到了最优的创新速度。最后,通过数字释例分析了几个重要参数的变化对创新提供企业期望净收益的影响。 It was analyzed how a firm's decision to invest in a new technology would effect on the expectation net proceeds of the firm with the new technology when the cost of carrying out this technology was decreased. The optimal speed of the innovation an emerging technology under the conditions that technological circumstance changed quickly was studies. On the assumption that technology progress follows the c process, three investment strategies for using technology by firms were analyzed. The optimal innovation speed was acquired by comparing the expectation net proceeds of the firms with the technology. The effects of several important parameters on the expectation net proceeds were showed through the numerical illustrations.
作者 夏晖 曾勇
出处 《管理学报》 2005年第3期295-300,共6页 Chinese Journal of Management
基金 国家自然科学基金资助项目 (70 2 72 0 0 1 ) 电子科技大学青年基金资助项目 (JX0 40 46)
关键词 新兴技术 实物期权 技术创新 投资策略 企业技术 emerging technology real option technology innovation investment strategies
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