Here the operations research, economics and related knowledge are used to analyze this issue . the author firstly elaborates such issues as : finance decision-making, investment environment analysis, decision making evaluation index, and investment risk analysis, and then a dynamic multi objective programming model is set up . there are three objectives in the model, which are npv, value and opportunity loss 本文針對(duì)我國(guó)航運(yùn)企業(yè)的經(jīng)營(yíng)特點(diǎn)及其所面臨的問題,運(yùn)用運(yùn)籌學(xué)中的多目標(biāo)規(guī)劃法,在分析闡述融資決策、投資環(huán)境、投資決策評(píng)價(jià)指標(biāo)及投資風(fēng)險(xiǎn)分析的基礎(chǔ)上,提出并建立了船舶投資決策多目標(biāo)規(guī)劃模型,在船舶運(yùn)營(yíng)經(jīng)濟(jì)效果、決策者效用值、機(jī)會(huì)損失等方面,對(duì)各種投資方案的不同特點(diǎn)進(jìn)行了比較選優(yōu)。