Инвестиционный анализ и управление региональными инвестиционными проектами на основе реальных опционов

Abstract

Investment projects are instruments of regional economic, social and environmental policy of the region. For increase in efficiency of their realization it is supposed at a stage of adoption of investment decisions to use the real options submitted by two groups in the analysis and assessment of projects: options on the party of assets; options on the party of liabilities. In article application of a method of real options in practice of the analysis and management of regional investment projects in a format of the integrated model based on integration of discounting of cash flows and assessment of options is offered.On the example of the executed calculations advantages of the optional analysis in two aspects are shown: 1) adoption of the administrative decisions directed to modification or optimization of results of implementation of the project; 2) increase in investment appeal of projects to corporate business.