U zhuong, 2, hhuhanhui 11 school of economic management, south east university, 2100962 nanjing university of information and engineering, economic management institute, nanjing 210044 summary: mainstream transaction cost theory is appropriate to explain the decision-making of the union based on business know-how, and real-life rights theory is better suited to interpret the mechanisms of the emerging alliance based on enterprise knowledge development. Based on the new features of the alliance of knowledge stages, using the binary tree options pricing model to justify these observations, in conjunction with the intrinsic requirements of the alliance's options design and evaluation. The results show that effective evaluation of complex options for asset restructuring can help enterprises make the right decisions about the alliance of knowledge, the uncertainty of the price of the union’s assets and the change in the proportion of its members’ investment in innovation can create a difference in value between the members of the alliance, who, even if they are able to complete their knowledge innovation projects independently, can achieve a comparative advantage in dealing with an uncertain environment through the strategic choice of the alliance’s options. Keywords: knowledge innovation; strategic alliance; asset reorganization; physical chart classification number: f276 bibliography number: a articles number: 1672 - 0334 (2008) 06 - 0073 - 08a research on the m echn ism of knowledge innovatio♪ alliance under the assembly restruturing wu chong1, 2, hu han2hui11 school of eco ♪Nomics & management, southeast university, nanjing 210096, china2 school of ecoNomics & management, nanjing university of information science & technology, nanjing 210044, chinaabstract: the dominant transformation cost theory is located to explore the development 2 making of traditioNarproduction alliance bAs long as you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation where you're in a situation, you're in a situation where you're in a situation, and you're in a situation where you're in a situation, and you're in a situation where you're in a situation where you're in a situation where you're in a situation, and you're in a situation, and you're inAsymmetrically, as a matter of urgency, as a matter of urgency, as a matter of fact, as a matter of fact, as a matter of fact, as a matter of factThe organisation of all kinds of assessment assails and the contribution of all kinds of meetings of the administration.
