DocumentCode
1972514
Title
Assessing the value of flexibility in the Dutch office sector using real option analysis
Author
Poort, Joost P. ; Hoo, Jun
Author_Institution
Competition Policy at SEO Economic Res., Amsterdam, Netherlands
fYear
2008
fDate
10-12 Nov. 2008
Firstpage
1
Lastpage
5
Abstract
Flexibility is one of the key aspects of the Zuidas project, a major construction project for office and housing space in the Amsterdam region. Real option analysis was used to estimate the value created by two specific kinds of flexibility: the option to postpone the construction of office space after certain preparations have been made, and the option to turn housing space into office space after a certain time.
Keywords
construction; property market; share prices; Amsterdam region; Dutch Office Sector; Zuidas project; construction project; flexibility; housing space; office space; real option analysis; value estimation; Buildings; Cities and towns; Cost accounting; Elasticity; Finishing; Fluctuations; Investments; Parameter estimation; Timing; Uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
Infrastructure Systems and Services: Building Networks for a Brighter Future (INFRA), 2008 First International Conference on
Conference_Location
Rotterdam
Print_ISBN
978-1-4244-6887-4
Type
conf
DOI
10.1109/INFRA.2008.5439619
Filename
5439619
Link To Document