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.
The work must be attributed in equal parts to the two authors.
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Morano, P., Tajani, F. (2014). Urban Renewal and Real Option Analysis: A Case Study. In: Murgante, B., et al. Computational Science and Its Applications – ICCSA 2014. ICCSA 2014. Lecture Notes in Computer Science, vol 8581. Springer, Cham. https://doi.org/10.1007/978-3-319-09150-1_12
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DOI: https://doi.org/10.1007/978-3-319-09150-1_12
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