Firstly, this paper summarized the developing history, the characteristics and experience at different developing period of project investment. Then, based on the new characteristics and requirement of economic developing and project investment of China, analysed the unsuitability of the theory of investment decision China using now. Also by analyzing the influence the choice give to investment decision on making project investment, this paper furtherly studied the project investment from the direction of real option, advancing the points that theory of real option will be adopted more and more in future project decision, hi the end, this theory was tested by some special project. |