메뉴 건너뛰기




Volumn 11, Issue 1, 2014, Pages 465-476

An application of real option analysis for the assessment of operative flexibility in the urban redevelopment

Author keywords

Binomial model; Financial feasibility; Real options; Risk analysis; Urban redevelopment

Indexed keywords


EID: 84906043523     PISSN: 11099526     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (10)

References (38)
  • 4
    • 63149100902 scopus 로고    scopus 로고
    • Irreversible investment, real options, and competition: Evidence from real estate development
    • Bulan L., Mayer C., Tsuriel Somerville C. Irreversible investment, real options, and competition: evidence from real estate development, Journal of Urban Economics, Vol. 65, 2009, pp. 237-251.
    • (2009) Journal of Urban Economics , vol.65 , pp. 237-251
    • Bulan, L.1    Mayer, C.2    Somerville, T.C.3
  • 5
    • 0000841044 scopus 로고
    • The intensity and timing of investment: The case of land
    • Capozza D., Li Y., The intensity and timing of investment: the case of land, The American Economic Review, Vol. 84 No. 4, 1994, pp. 889-904.
    • (1994) The American Economic Review , vol.84 , Issue.4 , pp. 889-904
    • Capozza, D.1    Li, Y.2
  • 13
    • 85043048894 scopus 로고    scopus 로고
    • Eurostat, Euro-area house prices down by 2.5% - third quarter 2012 compared with third quarter 2011, 2013
    • Eurostat, Euro-area house prices down by 2.5% - third quarter 2012 compared with third quarter 2011, 2013.
  • 16
    • 0000486843 scopus 로고
    • Valuing lease contracts a realoption approach
    • Grenadier S.R., Valuing lease contracts a realoption approach, Journal of Financial Economics, Vol. 38, 1995, pp. 297-331.
    • (1995) Journal of Financial Economics , vol.38 , pp. 297-331
    • Grenadier, S.R.1
  • 17
    • 84891554914 scopus 로고    scopus 로고
    • Rome: Re-Qualification Program for the Street Markets in Public-Private Partnership. A Further Proposal for the Flaminio II Street Market, in Civil, Structural and Environmental Engineering (GCCSEE 2013)
    • Guarini M. R., Battisti F., Buccarini C., Rome: Re-Qualification Program for the Street Markets in Public-Private Partnership. A Further Proposal for the Flaminio II Street Market, in Civil, Structural and Environmental Engineering (GCCSEE 2013), Advanced Materials Research, Vol. 838-841, 2014, pp. 2928-2933.
    • (2014) Advanced Materials Research , vol.838-841 , pp. 2928-2933
    • Guarini, M.R.1    Battisti, F.2    Buccarini, C.3
  • 20
    • 84986117275 scopus 로고    scopus 로고
    • Option pricing for real estate development: Hong Kong Disneyland
    • Leung B.Y.P., Hui E.C.M. (2002) Option pricing for real estate development: Hong Kong Disneyland, Journal of Property Investment & Finance, Vol. 20, No. 6, pp. 473-496.
    • (2002) Journal of Property Investment & Finance , vol.20 , Issue.6 , pp. 473-496
    • Leung, B.Y.P.1    Hui, E.C.M.2
  • 21
    • 84986139340 scopus 로고    scopus 로고
    • Real options in real estate development
    • Lucius D.I., Real options in real estate development, Journal of Property Investment & Finance, Vol. 19, No. 1, 2001, pp. 73-78.
    • (2001) Journal of Property Investment & Finance , vol.19 , Issue.1 , pp. 73-78
    • Lucius, D.I.1
  • 22
    • 84868007736 scopus 로고    scopus 로고
    • Fuzzy Real Option Evaluation of Real Estate Project Based on Risk Analysis
    • Mao Y., Wu W., Fuzzy Real Option Evaluation of Real Estate Project Based on Risk Analysis, Systems Engineering Procedia, Vol. 1, 2011, pp. 228-235.
    • (2011) Systems Engineering Procedia , vol.1 , pp. 228-235
    • Mao, Y.1    Wu, W.2
  • 24
    • 0034178792 scopus 로고    scopus 로고
    • Time to build, option value and investment decisions: A comment
    • Milne A., Whalley A.E., Time to build, option value and investment decisions: a comment, Journal of Financial Economics, Vol. 56, 2000, pp. 325-332.
    • (2000) Journal of Financial Economics , vol.56 , pp. 325-332
    • Milne, A.1    Whalley, A.E.2
  • 25
    • 84886266116 scopus 로고    scopus 로고
    • The transfer of development rights for the regeneration of brownfield sites
    • Morano P., Tajani F., The transfer of development rights for the regeneration of brownfield sites, Applied Mechanics and Materials, Vol 409-410, 2013, pp. 971-978.
    • (2013) Applied Mechanics and Materials , vol.409-410 , pp. 971-978
    • Morano, P.1    Tajani, F.2
  • 27
    • 0037365348 scopus 로고    scopus 로고
    • The effect of time-to-build on strategic investment under uncertainty
    • Pacheco-de-Almeida G., Zemsky P., The effect of time-to-build on strategic investment under uncertainty, Rand Journal of Economics, Vol. 34, 2003, pp. 166-182.
    • (2003) Rand Journal of Economics , vol.34 , pp. 166-182
    • Pacheco-de-Almeida, G.1    Zemsky, P.2
  • 28
    • 84993911739 scopus 로고
    • Empirical testing of real optionpricing models
    • Quigg L., Empirical testing of real optionpricing models, Journal of Finance, Vol. 48, No. 2, 1993, pp. 621-39.
    • (1993) Journal of Finance , vol.48 , Issue.2 , pp. 621-639
    • Quigg, L.1
  • 30
    • 0038679600 scopus 로고    scopus 로고
    • Options, uncertainty and sunk costs: An empirical analysis of land use change
    • Schatzki T., Options, uncertainty and sunk costs: an empirical analysis of land use change, Journal of Environmental Economics and Management, Vol. 46, 2003, pp. 86-105.
    • (2003) Journal of Environmental Economics and Management , vol.46 , pp. 86-105
    • Schatzki, T.1
  • 31
    • 84880601939 scopus 로고    scopus 로고
    • Binomial option pricing models for real estate development
    • Shen J., Pretorius F., Binomial option pricing models for real estate development, Journal of Property Investment & Finance, Vol. 31, No. 5, 2013, pp. 418-440.
    • (2013) Journal of Property Investment & Finance , vol.31 , Issue.5 , pp. 418-440
    • Shen, J.1    Pretorius, F.2
  • 32
    • 0043097047 scopus 로고
    • The optimal timing of urban land development
    • Shoup D., The optimal timing of urban land development, Regional Science Association Papers, Vol. 25, 1970, pp. 33-44.
    • (1970) Regional Science Association Papers , vol.25 , pp. 33-44
    • Shoup, D.1
  • 33
    • 85043054691 scopus 로고    scopus 로고
    • Standard & Poor's, Europe's recession is still dragging down house prices in most markets, 2013
    • Standard & Poor's, Europe's recession is still dragging down house prices in most markets, 2013.
  • 34
    • 0022213282 scopus 로고
    • Urban Land Prices Under Uncertainty
    • Titman S., Urban Land Prices Under Uncertainty, The American Economic Review, Vol. 75, No. 3., 1985, pp. 505-514.
    • (1985) The American Economic Review , vol.75 , Issue.3 , pp. 505-514
    • Titman, S.1
  • 35
    • 84977719278 scopus 로고
    • Valuing flexibility as a complex option
    • Triantis A.J., Hodder J.E., Valuing flexibility as a complex option, Journal of Finance, Vol. 45, 1990, pp. 549-565.
    • (1990) Journal of Finance , vol.45 , pp. 549-565
    • Triantis, A.J.1    Hodder, J.E.2
  • 37
    • 0006059535 scopus 로고    scopus 로고
    • The valuation of upwardsonly rent reviews: An option pricing model
    • Ward C., French N., The valuation of upwardsonly rent reviews: an option pricing model, Journal of Property Valuation & Investment, Vol. 15, No. 2., 1997.
    • (1997) Journal of Property Valuation & Investment , vol.15 , Issue.2
    • Ward, C.1    French, N.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.