| Risk investment of science and technology into productivity has a huge role in promoting, which can enhance a country’s economic industrial structure and basic technology level. But there has been the development of risk investment project evaluation method and system lag, which restricts the development and growth of the investment risk; in view of this, according to the characteristics of risk investment and venture investment project evaluation process characteristics, on the analysis of the traditional evaluation method in project evaluation, there can not be effectively solve the risk of the project uncertainty and investment decision flexibility this problem, so this paper put the introduction of real option into the investment risk evaluation and decision-making. In this paper,the qualitative and quantitative combined, to quantitative The study and analysis of research methods based on the risk assessment of investment projects, making the evaluation results more scientific.This paper firstly expounds the venture investment project of high risk, high yield and characteristics of the stage of capital injection, analyzing the traditional evaluation method ignores the operation flexibility and can not solve the problem of selecting the appropriate discount rate, which becomes more and more difficult to correct the real value of the evaluation of venture capital project, and then wo study the option character of implicit in the real option analysis method and risk investment projects. It is proved that using the real option method has very strong applicability for risk investment decision evaluation, Secondly, according to the characteristics of Venture Investment:multi stage investment and discontinuous, discrete investment characteristics.wo established risk investment decision of multi-stage discrete investment real option pricing model. This model has practical A strong, simple calculation and easy operation; finally, using the actual case analysis of the model. |
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