| 房地产开发投资决策中的两阶段复合期权模型 |
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| 引用本文： | 纪少帅,胡华.房地产开发投资决策中的两阶段复合期权模型[J].河南师范大学学报(自然科学版),2011,39(4):10-13. |
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| 作者姓名： | 纪少帅 胡华 |
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| 作者单位： | 宁夏大学数学计算机学院,银川,750021 |
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| 基金项目： | 国家自然科学基金(61063020); 宁夏自然科学基金(NZ1050); 宁夏大学科研项目(ZR200817) |
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| 摘 要： | 利用实物期权方法从含有两个随机变量的角度出发研究了房地产开发项目的两个阶段的投资决策问题,结合复合期权思想,建立了每一阶段的实物期权模型,得到了相应的期权价值和投资阈值的解析解及最优开发密度,最后结合具体的实例对模型的可行性进行了验证.不仅从理论上为实物期权投资策略提供了分析框架,而且从实际应用上为房地产开发投资策略提...
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| 关 键 词： | 实物期权 房地产 开发阈值 投资决策 |
Two Stages Compound Options Model in Real Estate Development Investment Decision-making |
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| JI Shao-shuai,HU Hua.Two Stages Compound Options Model in Real Estate Development Investment Decision-making[J].Journal of Henan Normal University(Natural Science),2011,39(4):10-13. |
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| Authors: | JI Shao-shuai HU Hua |
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| Institution: | JI Shao-shuai,HU Hua(School of Mathematics and Computer Science,Ningxia University,Yinchuan 750021,China) |
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| Abstract: | By using the real option method and two random variables,the paper deals with the perspective of the two stages of real estate development project investment decisions,combining with compound options thought to establish each stage of the real option model.The research paper aims to obtain the corresponding optional value and the investment of the threshold of analytical solution and optimal development density. |
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| Keywords: | real options real estate development threshold investment decision |
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