Research on the application of real options approach to real estate investment decision and its efficiency comment

被引：0
|
作者：
Zhang Shoujian [1 ]
Wang Zhiying [1 ]
机构：
[1] Harbin Inst Technol, Dept Construct & Real Estate, Harbin 150006, Peoples R China
来源：
Proceedings of 2006 International Conference on Construction & Real Estate Management, Vols 1 and 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE | 2006年
关键词：
real estate development; investment decision; real options; real estate value;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we've studied the application of real options to real estate development investment decision. Basing Chinese real estate markets' practical condition, we give an objective comment of its adaptation and give some concrete operating methods and some reasonable suggestion. We can conclude that this method can be very useful and simple to use in real estate appraisal practice if decision makers apply this method as the process and steps we've given. This theory can also explain why there is high-profit in real estate field to some extent.
引用
收藏
页码：258 / 261
页数：4
相关论文
共 50 条
  • [41] Real Estate Investment Choices and Decision Support Systems
    Del Giudice, Vincenzo
    De Paola, Pierfrancesco
    Francesca, Torrieri
    Nijkamp, Peter J.
    Shapira, Aviad
    SUSTAINABILITY, 2019, 11 (11)
  • [42] Decision-making model on real estate investment
    Wo Yasheng
    MECHATRONICS AND APPLIED MECHANICS, PTS 1 AND 2, 2012, 157-158 : 1230 - 1232
  • [43] Real estate development as real options
    Hui, Eddie Chi-Man
    Fung, Hankel Hon-Kwok
    CONSTRUCTION MANAGEMENT AND ECONOMICS, 2009, 27 (03) : 221 - 227
  • [44] The investment decision analysis of noisy real assets based on real options
    Liu, Tao
    Chen, Zhong
    Gao, Wen-Tao
    Shanghai Jiaotong Daxue Xuebao/Journal of Shanghai Jiaotong University, 2007, 41 (07): : 1078 - 1081
  • [45] Research and application of power network investment decision-making model based on fuzzy real options
    Zeng, Ming
    Wang, He
    Zhang, Ting
    Li, Baozhu
    Huang, Shulin
    2007 INTERNATIONAL CONFERENCE ON SERVICE SYSTEMS AND SERVICE MANAGEMENT, VOLS 1-3, 2007, : 397 - +
  • [46] The application of modern investment portfolio theory in real estate investment
    Shang, RB
    Yang, RJ
    PROCEEDINGS OF THE 2004 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE & ENGINEERING, VOLS 1 AND 2, 2004, : 2602 - 2606
  • [47] Application Research on Real Option to Hydropower Project Investment Decision
    Jin Zhenhui
    Feng xiaoling
    Xu Limin
    Xu Liu
    PROCEEDINGS OF THE 15TH INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT, VOLS A-C, 2008, : 1533 - 1536
  • [48] Research on the application of option to defer to the best opportunity select in real estate investment
    Yang, Y
    Yang, ND
    Guo, ML
    Qian, JB
    Proceedings of 2005 International Conference on Construction & Real Estate Management, Vols 1 and 2: CHALLENGE OF INNOVATION IN CONSTRUCTION AND REAL ESTATE, 2005, : 1151 - 1154
  • [49] Application of Real Options to Investment on Power Construction
    Wu Yunna
    Li Cong
    Tang Qifen
    PROCEEDINGS OF 2010 INTERNATIONAL CONFERENCE ON LOGISTICS SYSTEMS AND INTELLIGENT MANAGEMENT, VOLS 1-3, 2010, : 595 - +
  • [50] The application and analysis of real options in IT project investment
    Wang, TN
    Sun, XL
    Proceedings of the 2005 International Conference on Management Science & Engineering (12th), Vols 1- 3, 2005, : 2532 - 2536
12345