Ship Investment Decidion Research To X Shipping Enterprise

Shipping industry is a capital intensive and investment risk greater service industry, compared with other industry, shipping industry has investment amount, and the investment capital is recovered in long, etc. And ship investment to shipping enterprise business activities is one of the most important content, therefore, shipping enterprise in the shipping investment consider carefully, decision making, success is able to give enterprise to bring the huge gains and get their growth opportunity, conversely, there may be facing the risk of went bankrupt. Based on the above reasons, this paper from their own point of view, with practice, research should be how toⅩshipping enterprise scientific and reasonable ship investment, is the enterprise seize the opportunity, vigorous development.While the debt crisis and the credit crisis, global shipping market and shipbuilding markets are tremendous influence.Ⅹshipping enterprise to take this opportunity, inverse risk and on their own by ship generation enterprise development for shipping enterprises. In this paper on the basis of study at home and abroad, through the ship investment decisions of the real option method to study the enterprise investment decision, to reduce the traditional investment decision method existing ship discount rate of the selection, cash flow forecast not difficult and does not reflect the flexibility of the management, defects.In this paper, the ship investment research into qualitative and quantitative two aspects, the former is first to the ship investment decision-making of the concept, significance of the narrative, expounds the influence factors in the process of investment and traditional decision method, and its limitations, then to the article mainly used the real option method analysis of the definition, type and methods of the theoretical basis and basic methods are briefly introduced, and in the light of theⅩshipping enterprise’s make a real option approach choice; The latter is introduced the binary tree model of the hypothesis, pricing model and each decision points decision rules, through the logarithmic price change method to estimate parameters, solving X shipping enterprise investment decision making, and the future ship investment decision give advice.At the end of this paper the disadvantage of the paper and put forward the research orientation for the future.