The high variability of market prices and the uncertainty that, even in restrained timeframes, is characterizing the general economic situation, have led real estate operators to a prudent attitude, who tend to postpone or at least stagger the start of the initiatives on hold of more stable conditions. In this context, it is appropriate to use evaluation tools enable to enhance the investment capacity to be adapted to possible changes of the conditions initially hypothesized. In the present research Real Options Analysis (ROA) is applied to the evaluation of an investment in urban redevelopment of a former industrial complex. The result obtained shows the efficacy of the instrument.
Urban renewal and Real Option Analysis. A case study / Morano, P; Tajani, F (LECTURE NOTES IN COMPUTER SCIENCE). - In: Computational Science and Its Applications, ICCSA 2014: 14th International Conference, Guimarães, Portugal, June 30 - July 3, 2014, Proceedings, Part III. / [a cura di] Beniamino Murgante, Sanjay Misra, Ana Maria A. C. Rocha, Carmelo Torre, Jorge Gustavo Rocha, Maria Irene Falcão, David Taniar, Bernady O. Apduhan, Osvaldo Gervasi. - STAMPA. - Cham, CH : Springer, 2014. - ISBN 978-3-319-09149-5. - pp. 148-160 [10.1007/978-3-319-09150-1_12]
Urban renewal and Real Option Analysis. A case study
Morano P;Tajani F
2014-01-01
Abstract
The high variability of market prices and the uncertainty that, even in restrained timeframes, is characterizing the general economic situation, have led real estate operators to a prudent attitude, who tend to postpone or at least stagger the start of the initiatives on hold of more stable conditions. In this context, it is appropriate to use evaluation tools enable to enhance the investment capacity to be adapted to possible changes of the conditions initially hypothesized. In the present research Real Options Analysis (ROA) is applied to the evaluation of an investment in urban redevelopment of a former industrial complex. The result obtained shows the efficacy of the instrument.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
