Capital Budgeting Model Of Investment Bundles Based On Enterprise Products Substitution

About the product substitution investment package capital budget model research, there are a lot of blank, which can be concluded to several aspects. One point, it adapted to the competition of enterprise cost savings capital budgeting model there are vacant, current use of capital budgeting model without using mostly resource sharing ideas, to be replaced product termination of the operation of the salvage value when processing is not reasonable.It is the net present value of the product is not less than0doesn’t work, will enterprise as a sustainable business entity, dynamically to evaluation method of the investment value products research is needed.This article through to the traditional financial evaluation model of investment opportunities and enterprise processing equipment of the old methods,it can find new product development cost of investment and how to deal with old product equipment used is facing the biggest problems to the enterprise. In this paper, we consider the enterprise investment products and resource sharing between the relationship, the enterprise level competitive advantage, ability accumulation and enterprise value for products from the point of view of the analysis and decision making. And also introduces the traditional capital budgeting method, contingency theoretical basis empirical research method and different life cycle of product portfolio capital budget constraint optimization model and algorithm, this paper expounds the capital budget methods of implementation of the standards, and sums up the advantages and disadvantages and applicability, and using the static equilibrium and alternative products dynamic equilibrium method, the economic analysis alternative products. According to construction of investment package capital budget model, and through the examples to confirm, then according to the type of product substitution, respectively, single stage and multi-level building alternative investment package capital budget model, make the product replacement investment package capital budget model more targeted. According to the model calculation example analysis, verify the feasibility of the model and simple, the relationship of enterprise complementary products are decision criteria.