cam a22 2 4500 55141748X CHVBK 20201014163702.0 m d cr || |||||||| 181214t20182018njua ob 001 0 eng 2017054517 978-1-119-10645-6 electronic book 978-1-119-10647-0 electronic book 978-1-119-10648-7 electronic book 978-1-119-10649-4 paperback (IDSSG)001003005 (SERSOL)ssj0001908237 (OCoLC)1011557605 (WaSeSS)ssj0001908237 DLC ger DLC OCLCO OCLCF N$T DG1 YDX EBLCP MERER OCLCQ UAB OCLCQ IDB YDX OCLCO OCLCQ UPM COO SzZuIDS HSG rda HD1387 .G45 2018 333.33/2 23 Geltner David 1951 Verfasser aut Flexibility and real estate valuation under uncertainty a practical guide for developers David Geltner, Massachusetts Institute of Technology, Cambridge, MA, USA, Richard de Neufville, Massachusetts Institute of Technology, Cambridge, MA, USA Hoboken, NJ John Wiley & Sons, Inc 2018 ©2018 1 Online-Ressource Includes bibliographical references and index. Chapter 2 Economics of the Discounted Cash Flow Valuation Model: Understanding the Discount Rate is Critical2.1 Choice of Discount Rate; 2.2 Differences between Discount Rate, Opportunity Cost of Capital, and Internal Rate of Return; 2.3 Net Present Value; 2.4 Relationship between Discount Rate, Growth Rate, and Income Yield; 2.5 Relationship between Discount Rate and Risk; 2.6 Conclusion; Chapter 3 Future Scenarios Matter: We Need to Recognize that Future Projections are Uncertain; 3.1 The Standard Discounted Cash Flow Model Appears to be Deterministic. 3.2 We Live in a World of Uncertainty3.3 Discounted Cash Flow Pro Forma Cash Flows Are Expectations; 3.4 Flexibility and Options; 3.5 Conclusion; Chapter 4 Scenario Analysis: Future Scenarios can Significantly and Surprisingly Affect the Present Value; 4.1 Discounted Cash Flow Scenario Analysis; 4.2 Scenarios Affect Value; 4.3 Flexibility Has Value; 4.4 Conclusion; Chapter 5 Future Outcomes Cover a Range of Possibilities: We Can Describe Uncertainties in Real Estate Using Probability Distributions of Possible Future Outcomes; 5.1 Distribution of Future Outcomes. 5.2 Quantifying Input Distributions5.3 Distributions of Outcomes Differ from Distributions of Inputs; 5.4 Flaw of Averages; 5.5 Conclusion; Chapter 6 Simulation of Outcomes: Simulation is a Practical, Efficient Way to Explore Uncertainty and to choose between Alternative Strategies for Managing it; 6.1 Generating Scenarios; 6.2 Real Estate Simulation in a Nutshell; 6.3 Simulation Is an Efficient Process; 6.4 Number of Trials; 6.5 Conclusion; Chapter 7 Modeling Price Dynamics: Using Pricing Factors to Model the Dynamics of Real Estate Markets; 7.1 Pricing Factors; 7.2 Random Walks. 7.3 Real Estate Pricing Factor Dynamics7.4 Conclusion; Chapter 8 Interpreting Simulation Results: Target Curves and Scatterplots can be used to Graph the Distribution of the Sample Output; 8.1 Target Curves; 8.2 Comparing Target Curves; 8.3 Value at Risk; 8.4 Scatterplots; 8.5 Conclusion; Chapter 9 Resale Timing Decision: Analysis: Letâ#x80;#x99;s See what happens when we apply the Tools of Flexibility Analysis to a Classical Investment Decision: when to sell the Property; 9.1 The Resale Timing Problem; 9.2 Extending the Time Horizon of the Discounted Cash Flow Model; 9.3 IF Statements. Lizenzbedingungen können den Zugang einschränken. License restrictions may limit access. Online resource; title from digital title page (viewed on April 20, 2018). BUSINESS & ECONOMICS Real Estate General bisacsh Real estate development (OCoLC)fst01090973 fast Real estate investment (OCoLC)fst01091018 fast Real property Valuation (OCoLC)fst01091157 fast Real property Valuation Real estate development Real estate investment Online-Ressource gnd-carrier De Neufville Richard 1939 Verfasser aut Print version Geltner, David, 1951- author. Flexibility and real estate valuation under uncertainty 9781119106494 (DLC) 2017051519 https://onlinelibrary.wiley.com/doi/book/10.1002/9781119106470 Full text for the University of St. Gallen BK020053 XK020053 XK020000 Metadata rights reserved idssg Metadata Rights Reserved ids I HSG idssg HS noalma ids I O'Reilly Safari Learning Platform: Academic edition Wiley Online Library UBCM All Obooks E-Books von 360MarcUpdates Ebook Central All Subscribed Titles IDSSG HSG HSG ONL IDSBB A145 A145 145VT NELA1451806 IDSBB A145 A145 145VT NELA1451806 IDSBB B405 B405 405VT NELB4051809 IDSBB B405 B405 405VT NELB4051809 IDSSG 100 1- Geltner David 1951 Verfasser aut IDSSG 700 1- De Neufville Richard 1939 Verfasser aut IDSSG 856 40 https://onlinelibrary.wiley.com/doi/book/10.1002/9781119106470 Full text for the University of St. Gallen IDSBB 100 1- Geltner David 1951- author IDSBB 700 1- De Neufville Richard 1939- author IDSBB 776 08 Geltner, David, 1951- author Print version Flexibility and real estate valuation under uncertainty 9781119106494 (DLC) 2017051519 IDSBB 856 40 https://learning.oreilly.com/library/view/~/9781119106494/?ar Uni Basel: Volltext IDSBB 856 40 https://onlinelibrary.wiley.com/doi/book/10.1002/9781119106470 Uni Basel: Volltext IDSBB 856 40 https://ebookcentral.proquest.com/lib/unibern/detail.action?docID=5309259 Uni Bern: Volltext IDSBB 856 40 https://onlinelibrary.wiley.com/doi/book/10.1002/9781119106470 Uni Bern: Volltext SWISSBIB 530797798