TAILIEUCHUNG - Substantiation of the innovation and investment project using the method of real options

The article describes the algorithm for implementing the methodology for evaluating an innovation and investment project with venture financing based on the method of real options. | Substantiation of the innovation and investment project using the method of real options International Journal of Management IJM Volume 11 Issue 5 May 2020 pp. 497-510 Article ID IJM_11_05_047 Available online at http ijm JType IJM amp VType 11 amp IType 5 Journal Impact Factor 2020 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 DOI IAEME Publication Scopus Indexed SUBSTANTIATION OF THE INNOVATION AND INVESTMENT PROJECT USING THE METHOD OF REAL OPTIONS Nataliya Basiurkina Business Management Department Odessa National Academy of Food Technologies Odessa Ukraine Inna Sysoieva Department of Economy Account and Taxation Vinnytsia Educational and Scientific Institute of Economics Ternopil National Economic University Vinnytsia Ukraine Julia Ratushna Financial Markets Department National University of the State Fiscal Service of Ukraine Irpin Ukraine Tetiana Kotenko Department of Finance Banking and Insurance Central Ukrainian National Technical University Kropyvnytskyi Ukraine Nataliia Baistriuchenko Department of Management Sumy State University Sumy Ukraine Alla Sukhanova Department of Production and Investment Management National University of Life and Environmental Sciences of Ukraine Kyiv Ukraine ABSTRACT The main aspects of using the method of real options in substantiating the innovation and investment project are considered in the article. It was found that for the development and implementation of innovation and investment projects it is advisable to use the method of real options ROV which allows informed management decisions even in conditions of high uncertainty as it can significantly increase the potential economic efficiency of investment projects. Two main methods are used to estimate the value of real options the Black-Scholes option valuation model and the binomial model. The article describes the algorithm for implementing the methodology for evaluating

• Quản lý dự án
• Innovation and investment project
• Method of real options
• Black Scholes option valuation model
• The binomial model
• Prices of real option