Provides a revolutionary conceptual framework and practical tools to quantify uncertainty and recognize the value of flexibility in real estate development This book takes a practical engineering approach to the valuation of options and flexibility in real estate.
It presents simple simulation models built in universal spreadsheet software such as Microsoft Excel(R).
These realistically reflect the varying and erratic sources of uncertainty and price dynamics that uniquely.
Wiley-blackwell Flexibility and real estate valuation under uncertainty: a practical guide for developers, paperback/david geltner
