The research on application of real option theory on investment decision of real estate project

被引：0
|
作者：
Liu, YM [1 ]
Lu, CB [1 ]
机构：
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
来源：
Proceedings of the 2005 International Conference on Management Science and Engineering | 2005年
关键词：
real option; net present value; real estate; investment decision;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Real option theory is increasingly becoming a hot research field among the scholars. In this paper, the author first analyzes the shortcomings of traditional net present value method in investment decision of real estate project, then introduces real option theory and compares it with net present value method. On this basis, potential kinds of real option in investment decision of real estate project are analyzed, and a case study on comparing real option theory with net present value method is carried out. Finally, the author draws a conclusion that real option theory has advantage in the uncertain environment in investment decision of real estate project
引用
收藏
页码：1097 / 1102
页数：6
相关论文
共 50 条
  • [1] The Application of Real Option Method for Investment Decision of Real Estate Project
    Wang, Zhen
    [J]. PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT, COMMERCE AND SOCIETY, 2015, 17 : 11 - 15
  • [2] Research on the Application of Option to Defer in Real Estate Investment Decision
    Li Yuanhui
    Ding Huiping
    Hu Gang
    [J]. PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING, 2009, : 743 - 747
  • [3] The application of real option in decision making of real estate investment
    Gao, H
    Yu, XF
    [J]. PROCEEDINGS OF CRIOCM 2005 INTERNATIONAL RESEARCH SYMPOSIUM ON ADVANCEMENT OF CONSTRUCTION MANAGEMENT AND REAL ESTATE, 2005, : 418 - 421
  • [4] Application of the Option Game Theory to the Real Estate Enterprise Investment Decision
    Ouyang Jiantao
    [J]. Engineering Sciences, 2007, (02) : 207 - 213
  • [5] Application Research on Real Option to Hydropower Project Investment Decision
    Jin Zhenhui
    Feng xiaoling
    Xu Limin
    Xu Liu
    [J]. PROCEEDINGS OF THE 15TH INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT, VOLS A-C, 2008, : 1533 - 1536
  • [6] Research of Personal Investment Decision-Making on Real Estate Based on the Theory of Real Option
    Hui, Yang Jian
    Jun, Mo Rui
    [J]. EBM 2010: INTERNATIONAL CONFERENCE ON ENGINEERING AND BUSINESS MANAGEMENT, VOLS 1-8, 2010, : 1525 - 1528
  • [7] Application of real option approach in delay investment decision of real estate development
    Wang Lin
    Wang Xuefeng
    [J]. PROCEEDINGS OF 2006 INTERNATIONAL CONFERENCE ON CONSTRUCTION & REAL ESTATE MANAGEMENT, VOLS 1 AND 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE, 2006, : 415 - 417
  • [8] Research on Investment Decision-Making of Defer Developing of Real Estate Based on the Real Option Theory
    Zhang, Ailin
    Zhao, Na
    [J]. INTERNATIONAL CONFERENCE ON ENGINEERING AND BUSINESS MANAGEMENT (EBM2011), VOLS 1-6, 2011, : 2123 - 2126
  • [9] Application of option-game in the real estate investment decision
    Jiang, YY
    An, YH
    Li, EY
    [J]. Proceedings of 2005 International Conference on Construction & Real Estate Management, Vols 1 and 2: CHALLENGE OF INNOVATION IN CONSTRUCTION AND REAL ESTATE, 2005, : 1061 - 1064
  • [10] The Real Option Theory in Real Estate Investment Evaluation
    Gao Hui
    Zhao Xiaolong
    Meng Jingting
    [J]. PROCEEDINGS OF HANGZHOU CONFERENCE ON MANAGEMENT OF TECHNOLOGY (MOT 2008), 2008, : 408 - 411
12345