Research On Economic Evaluation Of Investment Project By Introducing Risk Model

The economic evaluation of investment project is project before running than necessary link. Our government has clearly stipulated the before the investment project must have a qualifying the project feasibility study report issued by the consultancy. Project economic evaluation is the evaluation of an important part of the project is feasible, especially in the company (investors) under the premise of profit as the goal, the result of the project economic evaluation is of great significance for investors to make reasonable decisions.At present, the project adopted by the economic evaluation methods and parameters is found by 2006 countries "method and parameter (third edition)" specified in the content of the decision. Eight years on, however, the whole country and even the global economy fast development, great changes have taken place in the development situation of all walks of life, more and more factors that will influence the traditional economic evaluation method of the correctness and accuracy of the result of the project economic evaluation. Therefore, we need to traditional project economic evaluation making appropriate adjustments, to conform to the rule and trend of social development, so as to correctly for the purpose of economic evaluation of investment projects.Firstly in this paper expounds the background of the research significance and research status at home and abroad, and summarized the economic evaluation of investment projects, investment project risk and relevant theories of economic forecasting methods, etc. Then from two aspects, micro and macro risks respectively introduced different risk model is set up, try to adjust to the traditional project economic evaluation method. Microscopic risk, analyzed the characteristics of the project net cash flow volatility, quantification and the introduction of net cash flow volatility and risk; Macro aspects to floating interest rate to measure the change of the macroeconomic environment, through the analysis of historical interest rates change, the annual interest rate to predict the future, the introduction of the macro economic environment change risk. Combined to form a new introduction of risk investment projects economic evaluation methods. Finally, through the case analysis has been applied to the model. Results show that the new method not only has the function of traditional methods have also to be able to provide investors with additional economic information, so that investors make better decisions, grasp the investment opportunities.