Research On The Profit Distribution Of Industty University Research Cooperation Based On The Option-game Method

With the deepening of economic globalization and science and technology globalization,technological innovation has become the main way for companies and countries to enhance their comprehensive strength.The drawbacks of the traditional closed innovation models have become increasingly apparent,so enterprises are beginning to seek cooperation with universities and research institutes.But a lot of the cooperation between industry,university and research ended in failure.Among them,about 73.7% of the alliances broke down due to the distribution of interest.This shows that the issue of profit distribution is the first contradiction of industry university research alliance.How to solve the issue of profit distribution is the key to promote the cooperation between industry university research.Constructing a scientific and rational interest distribution method is of profound significance to improving the operating efficiency of the industry university research alliance and improving the technical innovation ability of our country.Based on the current research situation of domestic and foreign scholars,this paper studies the relevant theories.According to the idea of project value evaluation-benefit distribution,this paper takes option and game as the whole method to study the problem of benefit distribution in the cooperation of industry university research.Traditional valuation methods tend to underestimate the real value of assets because they focus on static evaluation,so the real option method is introduced,according to the characteristics of the industry university research project,the pricing model of the tri-tree compound real option is constructed.According to the value of option,the model of benefit distribution of cooperation between industry university research based on Shapley value method is constructed.Due to the lack of consideration of input factors and risk factors in the distribution of profit by Shapley value method,the corresponding improvement of Shapley value is made.The method of risk correction for Shapley value method is to combine Shapley value method with real option method,and the method of input correction for the Shapley value method is to use the input factor.And the whole method is applied to the practical case of industry university research cooperation.Taking option and game as an integral method to study the benefit distribution in the cooperation between industry university research can transform the risks contained in the project into potential benefits and comprehensively evaluate the value of the project.What's more,it comprehensively grasps the risks in the investment stage and cooperation stage of the industry university research cooperation project.This is a reasonable correction method for Shapley value method based on the consideration of risk factors.In addition,using the B-S model to evaluate the option value of technology patents and human capital,based on this,the input factor is calculated,and the Shapley value is modified based on the input factor,so,a set of benefit distribution method based on input factor,contribution factor and risk factor is formed.In this paper,the elementary infinitesimal order estimation and stochastic analysis are used to extend the binomial tree option pricing model to the tri-tree option pricing model,which improves the accuracy of calculation.This paper makes a systematic study on the distribution of benefits in the cooperation between industry university research,and provides reference for the breakdown of industry university research alliance due to improper distribution of benefits.The purpose is to maintain the long-term development of industry university research cooperation.It is hoped that this study will provide some enlightenment to solve the problem of benefit distribution in the cooperation of industry university research in the future.