基于實(shí)物期權(quán)理論的房地產(chǎn)項(xiàng)目投資決策方法.pdf

1、分類(lèi)號(hào)E2皇313基笪Q：窆UDCY98807密級(jí)工商管理碩士學(xué)位論文基于實(shí)物期權(quán)理論的房地產(chǎn)項(xiàng)目投資決策方法朱道兵研究方向全些財(cái)毯簦堡墨攮融姿塞釜指導(dǎo)教師塞仨友教握論文答辯日期2塑生且旦學(xué)位授予日期答辯委員會(huì)主席黃綾彪煎援論文評(píng)閱人里巍教授揚(yáng)叢副硒究雖RESEARCHoNTHEMETHoDoFREALESTATEEXPLoIr】FAlⅡoNITEMSBASEDoNRl弘蛆oPTIoNABSTRACTm把realesta置ehasbee

2、nthemainindustryofa由蹣enationaleconomyBow11瑤marketmechanismoftherealestatehasalsobeenhealthinesswithreforminggraduallyButthemarketenvironmentoftherealestateenterpriseischangedmorecomplicated，thefactorischangedmoreindeterm

3、inate，thecompetitionisalsochangedmoreandmoredrasticWeCanconcludethattherealestatehashighriskbecauseofthecharacteristicsoftherealestate，suchasbiginvestmentlongrettLrntimeetcSotherealestateenterprisecarryonthedetailedanaly

4、sis船possiblebeforeStartanitemeachtimehopingtogettheidealrepay，n圮traditionalnetpresentvalueanddiscountcashflowmethodarethemainanalyticaltoolswhichtherealestateenterprisewouldadoptcurrentlyThesetoolshelptherealestateenterp

5、risetoinvestreasonable，promotetherealestateindustrydevelopingtooButthetheoriesfoundationofthesetoolshaveimmanentshortcoming111esetoolscantadaptthecurrentmarketeonditionalreadyUndertheconditionofthemarketriskthesetoolsmay

6、becausethemanagermakeanotexactitudedecisionevengiveupthebeneficialinvestmentopportunityndsthesisintroducestheauthor’sexperienceintherealestateenterpriseapplyingtherealoptiontheories，carryingthefeasibilityanalysisontheinv

7、estmentitem，contrastingthetraditionalNPVmethodandtherealoptionmethod，avoidingthelimitoftraditionalNPVmethodavailablyensuringtheoperationoftheitem，makingthedecisionoftheenterprisecarryingoutAtthesametime，thisthesisstudied

8、thepremiseandlimitandrelationbetweenthetraditionalNPVmethodandtherealoptionmethodCurrentlytherealestatealreadyhastheconditiontousetherealoptiontheories，therealoptiontheoriesisscienceandviable111ismethodprovidesanewapproa