Pricing Research On Advanced Transfer Value Of PPP Projects On Real Option

The PPP model can make use of external funds within the legal framework and introduce advanced management concept. The characteristics of PPP mode adapte to the characteristics of the government in China at present stage, so PPP model has been widely used in our country. But the application of PPP model also faces a lot of risks, according to the different stage the PPP project risk can be divided into:the stage of construction risk, operation risk and transition risk. The theoretical research on construction phase and operational phase of the risk has been much more at home and abroad, but the transition risk study is less, this article focuses on the research in the transition risk of PPP modelThe PPP model as a project management key research projects in the field of academic research, many scholars have carried on the deep research to its; In actual use, there are a lot of large infrastructure project adopted the PPP model construction. In this paper, using the method of literature and expert interview method, analysis the actual problems deeply in the PPP mode transition phase, and research on the appeared problem during the actual, identified the PPP project transition risk. Based on real option theory and the related knowledge of economics, I has established the mathematical model which the government and investors can accept level of economic constraints. Based on the research of the investors and the government two dimensions, the article has retraced acquisitions price range that both sides can accept. Sewage treatment plant in Nanjing city as the case study has carried on the instance analysis and calculation, which has proved my point of view.This paper’s main idea is proposing the research problem-transition risk through the researched background and significance. Then through literature search and analysis combining with related theories to analyze the question and conclude that the government and investors are focus to the purchase price during their negotiation. Through the analysis of the results to solve problems, establish the mathematical model of retracing the reasonable price range, for the investors and the government to quantitative data. Finally, the example of Nanjing municipal sewage treatment plant case analysis, in order to demonstrate the validity of this article.