Research on Value Evaluation Method of Investment Project Based on Fuzzy Composite Real Options

Venture capital investments are characterized by high input, high yield, and high risk. Due to the complexity of the market environment, stage-by-stage investment is becoming increasingly important. Traditional evaluation methods like comparison, proportion, maturity, internal rate of return, scenario analysis, decision trees, and net present value cannot fully consider the uncertainty and stage characteristics of the project. The fuzzy real options method addresses this by combining real option theory, fuzzy number theory, and composite option theory to provide a more accurate and objective evaluation of Public-Private Partnership (PPP) projects. It effectively considers the interaction of options and the ambiguity of project parameters, making it a valuable tool for project evaluation in the context of venture capital investment.

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