Research on Single Port Investment Decision-making Optimization Model Based on Real Options

Chinese ports investment theory and practice are still in infant, have been unable to adapt to the future port of the actual needs of sustainable development.The managerial flexibility involved in the contingent investment can be described and valued by expansive real options, the port investment in the expansion of the integrated value function model is established. The model is set up to calculate the optimal capacity with numerical techniques when the target investment returns index of the port is mainly concerned. Finally, with the practical example, the results show that the model has the practical application in practical significance.