scholarly journals Selecting the appropriate project delivery method for real estate projects using fuzzy AHP

2020 ◽  
Vol 3 (4) ◽  
pp. 249-263
Author(s):  
Semra Comu ◽  
◽  
Zehra Kural ◽  
Busra Yucel
Keyword(s):  
Real Estate ◽  
Fuzzy Ahp ◽  
Project Delivery ◽  
Real Estate Industry ◽  
Delivery Method ◽  
Factors Affecting ◽  
The Real ◽  
The Real Estate ◽  
Theoretical Contribution ◽  
Real Estate Projects

The real estate industry holds a remarkably significant share in the Turkish economy. Due to the nature ofthe dynamic characteristics of the real estate industry, project achievement is not an easy task. Choosing the appropriate Project Delivery Method (PDM) is significantly crucial, considering that it provides various benefits, including economic contribution and time-saving. This study aims to determine the main factors affecting PDM selection with the most suitable analysis method for real estate projects in Turkey. The PDM types used in the real estate sector and the factors affecting the appropriate PDM selection process are identified based on literature review and interviews with professionals related to the Turkish real estate industry. The model generated is utilized as a tool in choosing the appropriate PDM in real estate projects by using Fuzzy Analytical Hierarchy Process (AHP). In terms of the theoretical contribution to the literature, this study identifies five main factors categorized as i) time-related issues, ii) cost, funding and cash flow related issues, iii) scope related issues, iv) owner organization, risk, and relationship related issues, and vi)project characteristic issues with 13 sub-factors. In addition to the theoretical contribution, a hierarchical model and a Fuzzy AHP based approach to select the appropriate PDM for the real estate projects in Turkey are provided as a practical contribution.

scholarly journals Financing Model Optimization of Lanzhou Yatai Group Real Estate Project

2014 ◽  
Vol 2 (5) ◽  
pp. 38-49
Author(s):  
Haidong Feng
Keyword(s):  
Real Estate ◽  
Large Scale ◽  
Real Estate Industry ◽  
Operating Characteristics ◽  
Financial Industry ◽  
Vast Number ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Project ◽  
Real Estate Projects

Lanzhou Yatai Group, as the first listed real estate companies, occupies absolute advantage in the competition of the industry. Especially because of Lanzhou National Economic Development District, Yaitai Group focuses Lanzhou new area asthe target of the advantages and great location. With the business development and planning, the company will also create Lanzhou Yaitai Group Technology Headquarters before 2016, and also will be followed by the huge business opportunities in the real estate industry driven by the financial industry, service industry, catering industry, and the education industry as well. At the same time, the asset number of investment companies in the new district has reached about 0.45 billion, so the vast number of these channels also makes traditional financing be in danger. Banking loans, equity financing, debt financing gradually are difficult to enable the company’s rapid development growing so fast. Large-scale funding and financing inefficiencies of some large-scale projects also make the company’s financial operations meeting some obstacles. In this paper, the author will analyze Yatai Group real estate financing process and the traditional financing channels to predict its financing risk prevention and the Group’s real estate funds operating characteristics of the project. At the same time, we put forward the concept and characteristics of the real estate project financing. After financing inefficiencies of Lanzhou Yatai Group from 2011 to 2014, we make the analysis for real estate projects for the company and make a selection and optimization models. But also for the smooth development of real estate projects in Yatai Group, we provided a positive recommendation, which will become healthy and stable developments of the real estate industry in Gansu Province, and the development and construction of new district will be made as a good expectation.

Study on Business Integration Strategy for Real Estate Development

2013 ◽  
Vol 838-841 ◽  
pp. 3135-3141
Author(s):  
Yi Yong Lin ◽  
You Song Wang
Keyword(s):  
Real Estate ◽  
Cost Model ◽  
Market Competition ◽  
Business Management ◽  
Real Estate Industry ◽  
The Real ◽  
Real Estate Enterprise ◽  
The Real Estate ◽  
Management Capacity ◽  
Product Optimization

Based on the features of the real estate industry, a cost model was established for analyze integration strategies. The analysis results show that a real estate enterprise should give a priority to integration of the business activities, of which the costs themselves are not large but which will greatly influence the whole project and other development business activities; and that the integration in a real estate enterprise is influenced by the product optimization degree, the business management capacity, and the degree of market competition. The integration in the real estate industry is influenced by the product optimization degree and the business management capacity, but it has nothing to do with the degree of market competition.

scholarly journals Research on the Influence of Real Estate Development on Private Investment: A Case Study of China

2018 ◽  
Vol 10 (8) ◽  
pp. 2659 ◽  
Author(s):  
Jiangtao Li ◽  
Jianyue Ji ◽  
Huiwen Guo ◽  
Lei Chen
Keyword(s):  
Real Estate ◽  
Generalized Method Of Moments ◽  
Private Investment ◽  
Medium Size ◽  
Real Estate Development ◽  
Real Economy ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Investment In China

Private investment in China, as a developing country, is an important source of financing for Chinese SMEs (Small and Medium-Size Enterprises) and has played a major role in the development of the real economy. However, in 2016, the growth rate of private investment in China dropped from 10.18% to 3.17%, which had a significant impact on the real economy. At the same time, China’s real estate market has developed rapidly, attracting a large number of capital inflows. The relationship between real estate development and private investment in China is worth considering. This study first, theoretically analyzes the influence mechanism of real estate industry on private investment, pointing out that within a modest development range, the development of real estate industry can promote private investment through the industrial linkage, urbanization, and balance sheet effects, but when real estate is overdeveloped, it has an inhibitory effect on private investment through vampire effect, raising costs and reducing demand effect. In other words, real estate has different effects on private investment in different developmental periods. Therefore, there is a non-linear relationship between the two variables. Second, the relevant provincial panel data of 31 provinces in mainland China from 2003 to 2015 were selected. Using the dynamic panel system Generalized Method of Moments (GMM), this study estimated the correlation between real estate development and private investment. The empirical results showed that the development of the real estate industry has a significant impact on the level of private investment; the two showing an “inverted U-shaped” relationship. At present, in some provinces in China, the real estate industry has exceeded the inverted U-shaped threshold. To boost the vitality of private investment in promoting real economic growth, the development of the real estate industry should be restricted, and house prices should be properly regulated.

The Change of Real Estate Enterprises' Strategic Plan under New Situation

2012 ◽  
Vol 174-177 ◽  
pp. 3393-3396
Author(s):  
Jing Zhang ◽  
Ming Yue Hu ◽  
Ying Peng
Keyword(s):  
Real Estate ◽  
External Environment ◽  
Current Situation ◽  
Great Change ◽  
Real Estate Industry ◽  
Environment Factors ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Enterprises ◽  
New Situation

Government strictly regulates real estate industry by a series of policy recently. Because of the great change of polices, the real estate industry was taken a big knock. In order to find out the solution of real estate enterprises keep developing under new situation. By analyzing the external environment factors of real estate enterprises, the study deduces that the change of real estate enterprises’ strategy plane is inevitable. Elaborate the current situation of real estate enterprises from five aspects of strategy plane, and make a conclusion that how to change it. Therefore, ensure that real estate enterprises could avoid policies risk, and keep developing.

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