Title :
Investment Risk Assessment and Control in Tourism Project Based on Portfolio Theory
Author :
Xu, Xu-Song ; Chen, Mei
Author_Institution :
Econ. & Manage. Sch., Wuhan Univ., Wuhan, China
Abstract :
By applying mean variance model and CAPM model of modern portfolio theory, the paper constructs portfolio risk decision making model in tourism project. Then, we assess investment risk in tourism project by combining the model with present situation of tourism investment in China. The analysis provides proof for enterprises when making risk controlling strategies in tourism project investment.
Keywords :
decision theory; investment; risk management; travel industry; CAPM model; investment risk; investment risk assessment; mean variance model; modern portfolio theory; portfolio risk decision making model; produced capital asset pricing model; risk control strategy; tourism investment; tourism project; Decision making; Investments; Portfolios; Pricing; Project management; Risk analysis; Risk management;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5301504
