Abstract
Military to civilian conversion becomes a global trend now. As market developments of land project in civilian and military to civilian conversion have the same characteristic of uncertainty, real option decision model can be introduced into scientific decision of the market developments. Based on relevant literature, a basic model composed of real option was framed, and the critical price of exercise real option was calculated with the model. Practicability of the model was verified by applied analysis method based on a developing example of a certain project for military to civilian conversion.
| Original language | English |
|---|---|
| Pages (from-to) | 165-169 |
| Number of pages | 5 |
| Journal | Binggong Xuebao/Acta Armamentarii |
| Volume | 30 |
| Issue number | SUPPL. 1 |
| Publication status | Published - Nov 2009 |
Keywords
- Defense industry conversion
- Enterprise management
- Land development
- Option decision