实物期权在房地产投资估价中的应用

与传统的投资决策方法相比,实物期权方法不仅考虑到房地产投资的不确定性带来的风险,还体现了其柔性管理和战略投资的价值。介绍了实物期权理论的概念与分类,将实物期权理论引入房地产投资估价中,并通过等待期权实例分析说明了其在实际中的应用。

The Real Option Theory in Real Estate Investment Evaluation

Contrasting with traditional investment decision method,the real option not only considers the risk of uncertainty,but also materializes the management flexibility and strategic value.The paper introduces the concept and sort of real option.Furthermore,real option is applied to real estate evaluation and illustrates its application in practice through a case of waiting option analyzing.