European Option Based R&D Investment Decision Making under Uncertainties

Table 1

The payoffs of different commercialization investment for enterprises and .

									Optimum
5000	9465	6971	6159	5033	7465	5588	4159	3975	(, )
10000	7428	5507	4167	3709	5428	4344	2167	2877	(, )
15000	5754	4418	2558	2780	3754	3437	558	2124	(, ), (, )
20000	4359	3589	1238	2111	2359	2758	−761	1593	(, )
25000	3179	2945	138	1621	1179	2237	−1861	1209	(, )
30000	2168	2436	−790	1254	168	1832	−2790	926	(, )