Real estate and real options — A case study

Rocha, Katia; Salles, Luciana; Garcia, Francisco A. Alcaraz; Sardinha, Alberto; Teixeira, José A. Carvalho

doi:10.1016/j.ememar.2006.09.008

Cited by 41 publications

(27 citation statements)

References 10 publications

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“…O órgão apresenta um histórico do número de unidades imobiliárias ofertadas no mercado. Estudos neste mesmo segmento comumente empregam-no para análise de séries históricas na finalidade de retratar o setor de modo mais fidedigno possível (ROCHA et al, 2007;FORTUNATO et al, 2008). Deste modo, as prospecções percentuais de crescimento, queda e estabilidade no setor foram parâmetros para a definição dos cenários e subsidiaram-se no contexto apresentado no período histórico de dez anos.…”

Section: Revistaunclassified

It’s worth investing? A study through the lens of Real Options

Daciê¹,

Sanches²,

Garcia³

2016

Revista Capital Científico - Eletrônica

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ResumoNa tomada de decisão a incerteza do ambiente de negócios não pode ser negligenciada. A Teoria das Opções Reais faz uma analogia entre oportunidades de investimento, flexibilidade gerencial e opções financeiras. Embora fundamentada no valor presente líquido, reconhece que o seu valor segue um caminho aleatório porque incorpora a aleatoriedade dos eventos (a incerteza). O objetivo desta pesquisa consiste em analisar as flexibilidades existentes entre os retornos possíveis de um empreendimento realizado no setor de loteamento e incorporação imobiliária. Analisa-se o investimento aplicando-se o modelo de flexibilidade gerencial representado pelo desenvolvimento de cenários. Os achados apresentam que o cálculo do valor presente líquido não representa a realidade analisada por meio das Opções Reais, denotando avaliação dos retornos em até 2,5% a maior. As considerações finais indicam que a análise das Opções Reais agrega informações em relação aos métodos tradicionais, isto porque durante a análise de projetos inseridos em um ambiente de elevada incerteza, existe a possibilidade de maximizar ganhos ou minimizar perdas ao inserir risco na avaliação do projeto e a flexibilidade gerencial que o envolve.

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Section: Revistaunclassified

It’s worth investing? A study through the lens of Real Options

Daciê¹,

Sanches²,

Garcia³

2016

Revista Capital Científico - Eletrônica

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“…The fall casts no longer than the time it takes for the property oversupply to be worked down. Given these challenges, strategic RM under uncertainty is a field worth of investigation (Rocha et al , ; Tsai and Hung, ; Morales and Wang, ; Padhi and Aggarwal, ; Boden and Ferguson, ). Moreover, the importance of strategic RM in multistoried residential apartment projects increases because of the following reasons: The apartment building cost is more than the land cost.…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

Strategic Revenue Management under Uncertainty: A Case Study on Real Estate Projects in India

Padhi

Theogrosse-Ruyken

Das

2015

J. Multi-Crit. Decis. Anal.

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This paper proposes an approach for strategic revenue management under uncertainty for real estate projects. It integrates three modelling techniques: first, artificial neural network integrated support vector machines for forecasting the profit and loss‐making real estate residential projects; second, analytical network process approach using decision making trials and evaluation laboratory methodology for establishing interrelationships among factors; and third, multiobjective genetic algorithm approach for obtaining optimal numbers and types of apartments in a real estate project. We compare the respective revenues generated with the new number of apartments and price from the suggested revenue maximization model and that of the old practiced one through a case study of India. Copyright © 2015 John Wiley & Sons, Ltd.

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“…Step3: Establish the risk influence rank and risk probability into two dimension coordinate systems [16] then obtains the risk level table, as shown in Tab. Step4: Ballot vote theory is applied into risk matrix and Borda sequence value method is introduced to help manager to determine the key risk [17] .…”

Section: Introductionmentioning

confidence: 99%

Marketing outsourcing risk assessment in the real estate based on risk matrix model

Lin

Zhou

2011

Proceedings of International Conference on Information Systems for Crisis Response and Management (ISCRAM)

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With the rapid development of real estate market, more and more explorers prefer to choose the market outsourcing to speed up marketing and realize the rapid return of the capital. Risk will happen inevitably in the process of outsourcing. This paper summarizes and analyzes the risk produced in the process of real estate market outsourcing by using the qualitative research method of induction and deduction based on the life-cycle theory, constructs risk assessment model by using the risk matrix and Voting Theory. Taking a typical real estate marketing outsourcing project for example, it applies risk matrix model to assess the key risk. The result of assessment is conformed to the realistic situation, which means risk matrix model has strong practicability and provides the basis to the further risk control.

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Real estate and real options — A case study

Cited by 41 publications

References 10 publications

It’s worth investing? A study through the lens of Real Options

It’s worth investing? A study through the lens of Real Options

Strategic Revenue Management under Uncertainty: A Case Study on Real Estate Projects in India

Marketing outsourcing risk assessment in the real estate based on risk matrix model

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