Research On Delayed Option Investment Of BTT Project Based On Real Option Theory

As the industry escalating competition, market environment change, the development of the project company internal and external demand, project investors have deeply realized that rely on a single subjective judgment is more and more unable to correctly know project investment and development work, must be scientific and accurate analysis of the bluetail ticket tracker(BTT) project investment.Due to the bluetail ticket tracker(BTT) project investment and development cycle is long, large affected by policy, the characteristics of large investment scale, and the bluetail ticket tracker(BTT) project has the irreversibility, uncertainty and flexibility etc. The characteristics of real option, so introduces real option bluetail ticket tracker(BTT) project investment analysis is inevitable. This article from the current situation of the existing mode of financing development, draw lessons from the research achievements of home and abroad, to study the bluetail ticket tracker(BTT) project delay investment of real option. By studying the bluetail ticket tracker(BTT) project investment concept, influence factor, the concept of real options, analysis the basic features and use of scope, the bluetail ticket tracker(BTT) based on the basic theory of real option to delay investment model, and delaying investment option value calculation method, by determining the rail to determine the timing of the delay of investment, and combined with case analysis, verify the validity of the model, make investors can choose the best opportunity to strive for the maximum value of flexibility, so as to provide the bluetail ticket tracker(BTT) project investment analysis scientific and accurate analysis method.