An example of a proposal for a high way project demonstrates a method of valuing managerialflexibility to evaluate and select strategies.
通过一个高速公路项目的案例来展示实物期权方法所带来的管理灵活性对评价和选择战略的重要意义。
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The result show that using compound option theory in the investment decision of mining projects can better reflect the uncertainty and managerialflexibility in a way.
The real option allows a proactive approach to investment decisions in conditions of uncertainty, emphasizes the value of the managerialflexibility under uncertainty.