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Value Evaluation Of LNG Tank Container Project Based On Real Options Method

Posted on:2021-05-26Degree:MasterType:Thesis
Country:ChinaCandidate:T XuFull Text:PDF
GTID:2511306302476394Subject:Master of business administration
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At the present stage,the domestic financial investment industry develops rapidly and the investment mode is iterated rapidly.Under the national policies of vigorously promoting "manufacturing 2025" and "One Belt And One Road",the manufacturing industry expands rapidly and business innovation changes in a complex way.The investment field has a growing demand for innovative industry research in the manufacturing industry.At present,the author is engaged in innovative investment business in the financial leasing industry,and deeply feels that there is great room for development in both industrial system and innovation mode,as well as in the field of shipping and shipping.The author,which is based on the actual case,in view of the"LNG tank container" project for this paper,in the face of policy and market environment,many uncertainty factors,such as asset disposal mode,from the perspective of financial investment and capital operation,demonstrated in the current market environment,LNG tank container project investment valuation is reasonable.Based on relative to financial options,real options in the field of physical assets on popularization and application of real options analysis is adopted,decision science,corporate finance and financial options to invest in real assets valuation analysis of statistics,this method can effectively reduce the uncertainty existing in the traditional financial valuation method,make the final project investment decision-making evaluation more reasonable.Therefore,the author will use real option method to analyze and evaluate the investment project of liquefied natural gas tank container,so as to provide a more perfect valuation method and decision analysis for the investment project.The research content of this paper is to analyze and study H company's overseas LNG pouring container investment project based on cases,and to demonstrate whether this project has sufficient investment value for H company.In discounted cash flow model based on the traditional financial investment analysis,further valuation analysis using the real option theory framework,and by using the monte carlo simulation(MCS)optimize the project investment value,calculated the H company the net present value and the expansion of the LNG tank container project,give up the option value,the reliability of the implementation project investment valuation,finally provides a more scientific reference for actual decisions,have certain innovation,the industrial chain as well as expand the investment to provide more complete analysis of the investment research.
Keywords/Search Tags:Monte Carlo Simulation, Real Option, Cash Flow Discount Method, LNG tank container project
PDF Full Text Request
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