基于期权理论的房地产企业土地开发和市场交易研究-工商管理专业论文.docxVIP

RESEARCH RESEARCH 0N REAL ESTATE LAND DEVELOPMENT AND LAND TRANSACT l 0NS BASED 0N 0PT 1 0N THEORY ABSTRACT The real eState lalld deVelopment is not reversible，unCertain坝call be delayed锄d flexible operating．Because of mese characteristics，tlle位曲tion出mVesnTlent decision memods is obviousIy defe嘶Ve uSed iIl the real esta_te lalld deVelopment decision．Option tlle0Dr considers tlle project uIlcertainty锄d ne)dbili够、Ⅳe11，a110wing deVeloperS t0 ch00Se tlle best iIlvestment oppor嘶锣and me greater Value，so嬲t0 pr0Vide a new way t0 accurately蠲sess the Value of land．FirStly，this p印er analyze tl