The R&D Invest Decision-Making Research Of Corporation Under Uncertain Condition

Increase the amount of R&D investment is the necessity choice for our country if we want to build an innovative national, and as a principal part of R&D investment, our corporation have to estimate the R&D project carefully.As a strategic investment project of long time and foundation, it' s necessary for us to understand the theory and mode of R&D. At the same time, we know that the R&D project is much uncertainty, and the conventional estimate way of project is not fit to estimate it' s value, and we can not believe the way of qualitative analysis, so it' s equal to adopt the real option to estimate the R&D investment project, because it can estimate the value of uncertainty and selectivity.In this text, at first I summarize the basal theory and mode of R&D, and give a suggestion of R&D mode for our corporation. Base our head corporation of industry, I analyze the actuality of R&D investment and the effect of increase output or promote continuance development after we have payout in R&D. As the principal part of this text, after summarize the estimate way of project investment decision-making, it analyze the applicability of real option to R&D investment, then analyze the estimate step and kind of real option. After those, I select the real option way to study as the principal way of this text, and base some cases, I give a balance analysis of realistic rationality for real option and conventional way. As the last part of this text, I summarize the text and indicate some deficiency and improve measure.As a applied research, this text analyze the basal theory , mode and estimate way of R&D investment decision-making, I expect to bring some promotion for our corporation in rational invest decision-making.