摘要
通过金融期权与实物期权的对比,引入实物期权理论;然后分析了传统房地产投资决策方法的不足,并根据房地产资产价格经常发生跳跃而并非连续的特点,将期权理论中用于房地产投资决策分析的B-S模型推广到跳跃扩散模型,进而提高房地产投资决策的科学性。
Through contrasting financial options and real options, the paper introduces real option theory, then analyzes the shortcomings of the traditional real estate investment decision method. According to the characteristics that real estate asset price is not continuous but frequently jump, the B-S model which is used in the analysis of investment decision of real estate in option theory is extended to jump diffusion model, which enhance the real estate investment decisions in a scientific way.
出处
《建筑经济》
北大核心
2008年第2期91-93,共3页
Construction Economy
基金
国家自然科学基金项目(70571024)
模糊可能性投资组合模型及决策研究
