Application of Real Option in Value Assessment on Franchising Infrastructure Projects

摘要：

It is vital for the deve1opment of society to keep infrastructure and economy increasing in balance. The government has effectively drawed the non-public capital by the way of franchising to solve the problem. But the franchising infrastructure project is affected seriously by the uncertainty factors, in which the core problem is how to estimate the value of franchising infrastructure projects correctly. The article analyses the current status and character of franchising infrastructure projects, sums up the common methods for estimating the value of franchising infrastructure project, and innovatively applies real option to this problem to prove the conclusion that Real Option method can solve the uncertainty effects on the franchising infrastructure project and is a good perfection to the traditional methods.

关键词： real option franchising infrastructure projects value assessment uncertainty analysis

作者: ZHAO Haiyan RAN Liping WANG Huimo

作者单位: School of Advanced Vocational Education, ShanghaiUniversity of Engineering Science, Shanghai, China Department of Construction and Real Estate,School of Management, Harbin Institute of Technology, Har Department of Construction and Real Estate, School of Management, Harbin Institute of Technology, Ha

会议类型: 国际会议

会议名称: 2009 International Conference on Construction & Real Estate Management(2009建设与房地产管理国际会议)

会议地点: 北京

会议语种:英文

页码: 692-695

在线出版日期: 2009-11-05（万方平台首次上网日期，不代表论文的发表时间）