| In recent years,the number of PPP projects has been increasing,and the management of investment decisions has become an important part of such projects.There are many limitations in the evaluation,analysis and decision-making of PPP project investment with traditional management ideas.Therefore,it is necessary to find a more suitable method for PPP project investment decision management.Through the research and analysis,the current research method based on the real options approach is of great value to the investment decision-making of PPP project.Abroad,a lot of research theories have been formed,and some research theories have been put into practice,providing effective results support.In our country,the PPP project is only the initial stage,and the investment decision analysis method based on the real options approach is just beginning,so there are few theories and achievements.Some of the factors affecting investment as a fixed value,which in the specific implementation process often have large deviations,this is because the actual factors in the development of the PPP project is for the dynamic change,will have a lot of influence on the investment decision.The static method of influencing factors has obviously reduced the complexity of PPP project research,and is not conducive to the implementation of specific investment decisions.At present,the domestic and foreign research for PPP project is mainly focused on identification and risk of risk sharing,but ignore the project investment and strategic flexibility,lack of uncertainty of the value cognition,follow the market can not be real-time evaluation of the project,so that the lack of credibility of decision.In the PPP investment decision evaluation method,the use of option theory can make great breakthroughs in the limitations of PPP investment decision-making,and help to measure the objectivity and accuracy of the evaluation results.Taking PPP project in YXETA hospital as an example,this paper systematically analyzes the investment decision of PPP project based on real options.This paper isdivided into five parts: firstly,the research background and significance,and research ideas and methods,research framework,contents and innovations are introduced in this paper;the second part is the review of the relevant literature and research status;the third part is the development of the related concepts and theoretical basis of this research paper;the fourth part through the analysis of PPP investment opportunity and investment decision model based on construction cost uncertainty PPP project real option method,consideration,discussion on investment of PPP project based on Real Option Decision;the fifth part in the preceding chapters based on the research of YXETA hospital PPP project investment decision analysis;the last is the conclusion and outlook of this study.In order to provide scientific basis and reference for the investment decision of the project.It can be used as a reference for other similar projects in the investment decision making by using the real option method. |