Traditional methods such as DCF and NPV arc not able to solve the problem of investment decision-making of R&D project because of the high uncertainty.

• 摘要针对研发项目的高度不确定性使得传统的评价与决策方法不再适用于R&D项目的投资决策问题，采用生产函数中的技术效率参数描述技术水平。