Application of Time-to-Build Option on Financial Analysis of Dormitory Projects – An Empirical Study of Dormitory Project of NUU
碩士 === 國立聯合大學 === 土木與防災工程學系碩士班 === 100 === BOT approach to implement infrastructure projects is widely used by government agents in last two decades. However, there are some BOT projects which do not operate well due to lack of project revenues. Agents mainly focus on economic benefit of the project...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2012
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| Online Access: | http://ndltd.ncl.edu.tw/handle/36589257866596229601 |
| Summary: | 碩士 === 國立聯合大學 === 土木與防災工程學系碩士班 === 100 === BOT approach to implement infrastructure projects is widely used by government agents in last two decades. However, there are some BOT projects which do not operate well due to lack of project revenues. Agents mainly focus on economic benefit of the project and easy to projects’ management of BOT projects. They do not pay much attention on financial benefit of BOT projects. That may result in high risk imbedded in BOT projects. This may lead to that potential investors become hesitate in investing BOT projects. A real option method could be used to reduce the financial risk of project. We provide a real option model to re-evaluate the under estimate value of project, more even to increase the project value. All these could reduce project financial risk. That may make the project become more financial feasible for potential investors.
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