Research On Investment Decision Making For Large Project Based On Flexibility Theory

Facing the flexible factors in the large project investing decision, the idea is put up that the large project investment should be decided flexibly in the direction of flexibility theory. The study on the problems of large project investing decision is not only the new methods but also the scientific ideas. The essence of the following article is how to use the flexibility theory into solving the large project investment decision, which relate to the problems that whether the limited resources can be allocated rationally and can be used effectively during the course of social development.The flexible decision making is studied clearly on the base of the flexibility theory, decision making theory, conspiracy theory and hamoniousness theory. Seven cannotes and the characters of flexible decision making are put forward. In the direction of flexibility theory, the factors, the structure and the function of the large project investment decision system are studied from the view of system. After the flexible factors of the decision system were studied, the bylaw and the procedure of large project investment decision are also studied. Aiming at complex decision makers, the structure of loose throng project integrated team is established, and the corresponding tactics are also put forward.During the overall ecaluation phase, the real option theory is used to analyze the flexibility value of large project and the flexibility decision model on the base of real option is established. Aiming at the characters of muti-objective, uncertain and so on, the article establishes the investing projects choice model on the interactive idea. Aiming at the benefits conflict problems among different departments and different industries in the large project investing decision, the article establishes the interactive multi-object decision model.Finally, validating the scientism,rationality and feasibility of the large project investing flexible decision method and mechanism with the fact of the South-to-North water transfer investment decisio in Hebei province n, which has an important significance to the general large project.