文献类型：期刊文献

中文题名：基于实物期权方法的数字图书馆投资时机研究

英文题名：Research on Firm'S Optimal Investing Time of Digital Library Based on The Real Option Approach

作者：翟玉冰[1];臧振春[1];李海洋[1];崔春生[1]

第一作者：翟玉冰

机构：[1]河南财经政法大学数学与信息科学系

第一机构：河南财经政法大学数学与信息科学学院

年份：2013

卷号：43

期号：24

起止页码：16-24

中文期刊名：数学的实践与认识

外文期刊名：Mathematics in Practice and Theory

收录：CSTPCD;;北大核心:【北大核心2011】；CSCD:【CSCD_E2013_2014】；

基金：国家社会科学基金(12BTQ011);河南社会科学规划项目(2013BJJ061)

语种：中文

中文关键词：数字图书馆;实物期权;投资机会;数值方法

外文关键词：digital library; real option; investment opportunity; numerical methods

摘要：数字图书馆的投资成本相对传统图书馆较高,且投入不可逆,对其投资成本的研究可以帮助投资者更好的规避风险,提高收益率.将实物期权方法应用到数字图书馆投资时机选择问题中,对投资成本如何影响投资机会价值和净现值进行讨论.运用微分方程数值方法,对项目投资的可行性以及投资时机选择问题进行研究,以决策投资项目是否应该被执行,应等待执行还是立即执行.
The investment cost of Digital Library is higher than the cost of traditional library, and the investment is irreversible, research on the investment cost can help investors hedge their risks and improve profitability. This article will apply real options approach to digital library investment timing problem, how the cost of the investment affects the net present value and the investment opportunity. We discuss it by use the differential equations method, the project investment and investment feasibility study timing issues to decision whether the project should be executed, you should wait for execution or executed immediately.