净现值、决策树、实物期权是目前国内外资产评估领域广泛使用的三种模型,而且实际应用中已经在基本模型框架基础上有了大量的扩展、衍生。通过文献研究,本文分析了每种模型在实际应用中的优点和局限性,并探讨了它们未来在评价投资价值与风险方面的潜在应用前景。 Net Present Value, Decision Tree and Real Option are the three models widely used in the field of asset valuation both at home and abroad. In practice, there have been a lot of extensions and derivations based on the basic model framework. Through literature research, this paper analyzes the advantages and limitations of each model in practical application, and discusses their potential applications in the future to evaluate the value and risk of investment.