摘要
IT基础设施投资是信息化建设的基础条件,如何对这一战略投资进行合理评价是企业决策者最关心的问题。本文在充分阐述实物期权评价IT基础设施投资的必要性以后,借助具体的应用案例,给出实物期权评价框架,比较运用NPV法、简单的增长期权方法、复合期权方法对其进行评价后得出结论:实物期权理论,尤其是其中的复合期权方法更能客观地评价IT基础设施投资的实际价值。
How to evaluate IT infrastructure investment, which is the foundation of information construction, is becoming a most caring question of enterprise policy-maker. After elaborating the necessity of using a real options approach, this paper carries on a real options frame with the aid of the concrete application case to evaluate the IT infrastructure investment through NPV, growth options and compound options separately. Results show that real options, especially compound options can ensure correct evaluation of IT infrastructure investment.
出处
《西华大学学报（哲学社会科学版）》
2006年第3期51-54,共4页
Journal of Xihua University(Philosophy & Social Sciences)
关键词
IT基础设施
实物期权
投资评价
复合期权
IT Infrastructure
Real Options
Investment Evaluation
Compound Options
