摘要
PPP项目自身特点决定了项目运作过程中需要更为弹性的决策管理方法。实物期权方法更加重视弹性决策的价值问题,它可以用来对由未来变化决定的项目、不确定性大的项目以及需要战略修正的项目等进行评价。在PPP项目运作程序分析的基础上,分阶段界定了PPP项目的实物期权类型和实物期权的拥有人;并且从PPP项目全寿命期的角度认为所有参与者拥有的是一个非常复杂的多重复合期权,给出了PPP项目全寿命期实物期权分析路径图,以帮助管理者在项目运作过程中进行弹性决策。本研究是PPP项目价值评估的基础工作,同时也是PPP项目全寿命期风险管理的有力工具。使得实物期权在PPP项目实践中更具操作性。
The characteristics of Public Private Partnership（PPP） projects determine the necessity of flexible decision-making methods in the project operation process.The approach of real option attaches importance to the value of flexible decision and is used to evaluate the projects with future changes,uncertainty,or strategic amended.This research defined the types and owners of real option for PPP projects in stages based on the analysis of the procedures of PPP projects.From the life cycle perspective,all the participants own multiple interacting options.The path diagram of real option was proposed.This research provides the decision makers a basic work and tool for life cycle risk management of PPP projects in the flexible decision-making implementation.
出处
《工程管理学报》
2011年第4期393-398,共6页
Journal of Engineering Management
基金
国家自然科学基金青年项目(71001027)
