运筹与管理2017，Vol.26Issue(11)：111-119,9.DOI:10.12005/orms.2017.0268
合作竞争条件下R&D项目投资决策分析
The R&D Project Investment Decision Analysis under Coopetition Condition
摘要
Abstract
The successful R&D projects will bring huge profit for the high-tech enterprises,but there are some uncertainties from technical risk,economic risk and sudden risks in research and development process.In order to cope with the uncertainties,some enterprises have to make a cost sharing alliance in R&D project investment,but they will compete in cooperation for more benefits.It needs to be very accurate in valuation of the projects in the coopetition condition before investment.There are four kinds of investment decisions for two high-tech enterprises under coopetition condition:first-mover,follower,investment together at once,and investment after waiting.By utilizing the European option value to quantify the uncertainties,this paper establishes the corresponding R&D projects investment decision payoff mathematics model which can assess the timing and payoffs of the investment.When the cost sharing alliance has maximum profit,the investment decisions will be the optimal investment decisions for the two enterprises.After Shapley value calculation,the two high-tech enterprises could obtain their own profit from the for R&D project in coopetition.关键词
合作竞争/最优投资决策/实物期权/不确定性Key words
coopetition/optimal investment decision/real options/uncertainties分类
数理科学引用本文复制引用
曹博洋,姜明辉..合作竞争条件下R&D项目投资决策分析[J].运筹与管理,2017,26(11):111-119,9.基金项目
国家自然科学基金资助项目(70871030) （70871030）
