基于机会成本投资决策分析方法的新思考

项目投资决策应基于资金的机会成本进行贴现分析,但对什么是资金的机会成本却存在不同理解,从而导致投资决策错误。本文明确提出应以行业基准收益率作为资金的机会成本的度量,以净现值最大化为准则科学地评价投资项目的经济效益。

New Thought About the Analytic Method of Investment Decision Based on the Opportunity Cost

Project investment decision must be taken the discount analysis based on the opportunity cost of capital, but there are different comprehensions on what is opportunity cost, so it results in mistakes in investment decision. This paper suggests definitely that it is necessary to evaluate the opportunity cost of capital with Minimum Attractive Rate of Return, and to evaluate the economic benefit of project based on Rule of Maximal Net Present Value scientifically.