摘要
给出了在竞争环境下具不确定性的地产投资的一种数量分析框架,结合项目财务分析、实物期权和博弈论三种分析方法,综合考虑了地产项目的财务价值、开发过程中的灵活性价值和竞争性价值,使战略决策者能更全面和精确地评估地产项目的投资价值。
This paper presents a quantitative analysis framework for real estate investment with uncertainty under competitive environment, combines project finance analysis, real options, and Game Theory together, to comprehensively analyze real estate project＇s values of property, flexibility, and competition, which facilitates strategic decision by evaluating real estate project more accurately and completely.
出处
《建筑经济》
北大核心
2008年第6期50-54,共5页
Construction Economy
关键词
地产项目
投资战略
数量分析
扩展NPV
real estate project
investment strategy
quantitative analysis
extended NPV
