| Science and technology are important drivers of economic development, but also the fundamental symbol of human progress. Now the international community's competition is in comprehensive national strength on the final analysis, and especially in the hi-tech industrialization of the competition. High-tech industries depend on the rapid development of high-tech investment. However, from the high-tech research and development to production, a number of high-tech investment projects need to establish high-tech enterprises into the market operators, which experience many stages, require substantial investment, enterprises are faced with investment risk. What kind of high-tech projects worth investing in, what kind of investment is not worth it to investors is an extremely important issue.The paper is on the analysis of high-tech features of the project life cycle, combination of different life-cycle stage to analyze the specific the risk characteristics of various periods, mainly discuss the application of matrix risk method and level analysis on risk assessment, put forward a series of risk evaluation assessment indexes of the high-tech investment which is fit for our country, and combining the risk matrix method and level of analysis based on the different life-cycle, after assessment of the specific risks of High-tech projects proposed response measures and methods for the risk. But it is not enough to control risk merely; the economic value of investment is the main purpose. So besides the assessing the risk of the High-tech project, we also take the economic benefits into the assessment system, because of the shortcomings of the traditional NPV, the paper combination real options and NPV on the value assessment system based on real options characteristics of High-tech projects, discuss feasibility from the economic of the project evaluation. This paper is from the control risk and economic feasibility to establish a comprehensive evaluation method about high-tech project. |
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