DocumentCode
2431405
Title
Application of real option approach to investment decision-making of building projects
Author
Baozhu, Sheng ; Shiliang, Xu
Author_Institution
Anhui Univ. of Archit., Hefei, China
fYear
2011
fDate
8-11 Jan. 2011
Firstpage
708
Lastpage
711
Abstract
The research is to help building enterprise make plan and manage their strategy investment. Real option, as a new theoretical approach, is broadly applied in investment decision, finance management etc. In this paper the application of real options in building projects investment is discussed based on binomial tree model and B-S model which can improve the defect of traditional methods and make building projects investment become more reasonable.
Keywords
construction; decision making; investment; project management; strategic planning; trees (mathematics); B-S model; binomial tree model; building project investment; investment decision making; real option approach; strategy investment; Buildings; Companies; Decision making; Investments; Mathematical model; Pricing; Uncertainty; building projects investment; investment opportunities; real option; uncertainties; valuation;
fLanguage
English
Publisher
ieee
Conference_Titel
Management Science and Industrial Engineering (MSIE), 2011 International Conference on
Conference_Location
Harbin
Print_ISBN
978-1-4244-8383-9
Type
conf
DOI
10.1109/MSIE.2011.5707506
Filename
5707506
Link To Document