scholarly journals International Real Estate Review

2002 ◽  
Vol 5 (1) ◽  
pp. 146-168
Author(s):  
Tien Foo Sing ◽  
◽  
Kin Pang, Juvette Lee ◽  
Ah Long Wong ◽  
◽  
...  
Keyword(s):  
Real Estate ◽  
Net Present Value ◽  
Communication Technologies ◽  
Network Externality ◽  
The Real Estate ◽  
Present Value Model ◽  
Broadband Services ◽  
Input Variables ◽  
Value Model ◽  
Rental Value

Suntec City (hereafter referred to as Suntec), “Asia’s Vertical Silicon Valley,?is one of the real estate examples where broadband and information & communication technologies (ICT) have been strongly embraced to enhance the competitiveness and marketability of its office space. In a mailed questionnaire survey participated in by 24 major commercial developers who are members of the Read Estate Development Association of Singapore (REDAS), 60% of the sample developer firms experienced strong competition in attracting and retaining lessees against office buildings equipped with ICT and broadband facilities. Sixty-seven percent of those who felt competition from the better-connected buildings indicated that they have plans to upgrade the existing ICT and broadband facilities over the next three years. They expected the upgrading to enhance the marketability of the building (71%) and also be able to attract tenants who are willing to pay a premium for the ICT and broadband services (43%). In the post- upgrading period, the majority of respondent firms felt that ICT and Broadband services would have positive impacts on occupancy rate (58%), rent (46%), and running and maintenance costs of the building (61%). We developed an incremental net present value model, which encapsulates the above factor and a network externality, to estimate the economic gain of investing in ICT and broadband connectivity in the Suntec City Tower One case. Based on our assumptions of the input variables, we found that the differentiating premium associated with the ICT and broadband connectivity was equivalent to 3.86% of the unit rental value. When probabilistic uncertainties were added to selected variables in a simulation process, the ICT and broadband related rental premium increased to 5.27%.

scholarly journals International Real Estate Review

2010 ◽  
Vol 13 (3) ◽  
pp. 323-350
Author(s):  
Andrés Navarro-Galera ◽  
◽  
María del Carmen Pérez-López ◽  
Lázaro Rodríguez-Ariza ◽  
◽  
...  
Keyword(s):  
Real Estate ◽  
Fair Value ◽  
International Standards ◽  
Financial Reports ◽  
The Real Estate ◽  
Construction Company ◽  
Value Evaluation ◽  
Value Model ◽  
Real Estate Assets

Some international standards have proposed that the fair value approach should be used to evaluate real estate assets. The choice to use this method or another approach could influence the quality of the financial reports published in response to information demands by company stakeholders.In this study,we will examine whether fair value evaluation, in the real estate context, improves the utility of construction company financial reports. For this purpose, we have addressed a questionnaire to financial directors that concern the relevance, reliability and viability of this valuation criterion. Based on the opinion of the respondents, our results show that the fair value model would improve the usefulness of financial reports to evaluate company solvency, and would also improve the comparability, timeliness and understandability of such reports.

scholarly journals Yield and Economic Return Estimates for Eight Blueberry Cultivars Grown in Kentucky

HortScience ◽  
2000 ◽  
Vol 35 (4) ◽  
pp. 556E-556d
Author(s):  
Tim Woods ◽  
Dwight Wolfe ◽  
Gerald R. Brown
Keyword(s):  
Fruit Ripening ◽  
Net Present Value ◽  
The Other ◽  
First Year ◽  
Yield Data ◽  
Market Prices ◽  
Present Value Model ◽  
Growing Conditions ◽  
Research And Education ◽  
Value Model

Yield data from a highbush blueberry planting established in 1993 at the Univ. of Kentucky Research and Education Center, Princeton, Ky., was collected over a 5-year period for eight cultivars. The economic impact of yield of each cultivar was calculated for each cultivar using a net present value model based on prevailing market prices and costs of production. These returns were compared across cultivars and an assessment of the economic potential for Kentucky growing conditions was considered. `Duke' and `Sierra' produced the most fruit over the 5-year period of this study. `Duke' was also the earliest ripening cultivar in the planting, with 14.3% of `Duke's fruit ripening during the first week of June. Sunrise also ripened early, with 7.7% of its fruit ripening during the first week of June. Picking for the other cultivars (`Sierra', `Bluecrop', `Blue Gold', `Toro', `Nelson', and `Patriot'), began during the second week of June and was finished for all cultivars by the end of the fourth week of June. An exception was `Nelson', which was picked through the first week of July. Despite relatively low yields observed in the first year of production, `Duke' had the highest net present values for the assumed 12-year life of the planting. The ranking of the other seven cultivars from highest to lowest in terms of their respective net present values was: `Sierra', `Blue Gold', `Bluecrop', `Toro', `Nelson', `Sunrise', and `Patriot'.

Modernizing the net present value model

1989 ◽  
Vol 7 (1) ◽  
pp. 133-140
Author(s):  
J.Ralph Byington ◽  
Peter John Poznanski
Keyword(s):  
Net Present Value ◽  
Present Value ◽  
Present Value Model ◽  
Value Model

scholarly journals Possibilistic Fuzzy Net Present Value Model and Application

2014 ◽  
Vol 2014 ◽  
pp. 1-11 ◽  
Author(s):  
S. S. Appadoo
Keyword(s):  
Net Present Value ◽  
Possibility Theory ◽  
Moment Generating Function ◽  
Unified Approach ◽  
Present Value ◽  
Present Value Model ◽  
Recent Developments ◽  
The Interest Rate ◽  
The Moment ◽  
Value Model

The cash flow values and the interest rate in the net present value (NPV) model are usually specified by either crisp numbers or random variables. In this paper, we first discuss some of the recent developments in possibility theory and find closed form expressions for fuzzy possibilistic net present value (FNPV). Then, following Carlsson and Fullér (2001), we discuss some of the possibilistic moments related to FNPV model along with an illustrative numerical example. We also give a unified approach to find higher order moments of FNPV by using the moment generating function introduced by Paseka et al. (2011).

Evaluating the value proposition of developing a vacation ownership resort: the case of Florida and Hawaii

2016 ◽  
Vol 71 (3) ◽  
pp. 165-179 ◽  
Author(s):  
Albert Barreda ◽  
Kevin Murphy ◽  
Amy Gregory ◽  
Dipendra Singh
Keyword(s):  
Net Present Value ◽  
Current Approach ◽  
Value Proposition ◽  
Content Type ◽  
Vacation Ownership ◽  
Present Value Model ◽  
Value Model ◽  
A Company ◽  
Practical Implications ◽  
A Current

Purpose This paper aims to examine the value proposition of developing a vacation ownership project in Florida and Hawaii by analyzing actual company data. Design/methodology/approach The study is based on a net present value model approach that was used for analysis of the company financial data. Findings Results suggest that the vacation ownership alternative produces better financial performance than traditional hotel development. Research limitations/implications Research is limited to the case of a company in two main destinations. Practical implications The paper helps practitioners by presenting a current approach to consider in their understanding and perception of vacation ownership. Social implications Research is limited to the case of a company in two main destinations. Originality/value This study is one of the few investigations about applying real company data and comparing the main timeshare markets.

scholarly journals Modeling the Commercial Property Value Using Ordinary Least Squared (OLS): A Case Study of Putatan, Sabah and Limbang, Sarawak

2021 ◽  
Vol 6 (3) ◽  
pp. 290-296
Author(s):  
Oliver Valentine Eboy ◽  
Avie Krista Jurah
Keyword(s):  
Real Estate ◽  
Low Cost ◽  
Influence Factors ◽  
Suitable Model ◽  
Property Value ◽  
Commercial Property ◽  
The Real Estate ◽  
Property Valuation ◽  
Real Estate Sector ◽  
Rental Value

Real Estate is an asset that provides profitable investment in return. Commercial property constitutes an important part of the real estate sector. In valuing commercial property, rental value is an essential component for valuers in applying valuation methods. Determining the rental value usually a difficult process as it involves a lot of influence factors. There are various factors that can be used but not the same for every commercial property. Therefore, this paper shows the modeling valuation comparison between two commercial property areas of Putatan and Limbang that represent the outskirts of the city in Sabah and Sarawak respectively. The purpose of this study is to find an effective approach to develop a suitable model for commercial property valuation using OLS and subsequently intends to identify factors that influence the commercial properties for both study areas. The OLS technique was used for this study to develop the property valuation model in Putatan and Limbang.  The outcome shows that both study areas can be modeled using OLS for property valuation using similar factors but the Limbang area produced higher accuracy than Putatan based on the adjusted R2 value. However, in terms of the significant of the property value influence factors, both Limbang and Putatan produced different significant factors. Thus, it shows that most of the outskirt city commercial property valuation must be modeled using different influence factors. The model will benefit the local authorities, especially for commercial property valuation. Ultimately, revaluation also can be done easily with low cost, less time and few people needed for this approach.

scholarly journals Economic Comparison of Commodity and Conservation Program Benefits: An Example from the Mississippi Delta

2004 ◽  
Vol 36 (2) ◽  
pp. 415-424 ◽  
Author(s):  
John D. Anderson ◽  
Gregory M. Parkhurst
Keyword(s):  
Crop Production ◽  
Net Present Value ◽  
Mississippi Delta ◽  
Farm Bill ◽  
Decoupled Payments ◽  
Wetland Reserve Program ◽  
Present Value Model ◽  
Key Variables ◽  
Commodity Programs ◽  
Value Model

Changes to commodity programs in the 2002 Farm Bill increased the value of crop base acreages on which decoupled payments are received. The bill also expanded the availability of key conservation programs. This paper compares the value of payments from commodity programs (along with continued crop production) to the easement payment (and recreational lease revenue) available under the Wetland Reserve Program. A net present value model using risk-adjusted returns is employed in the analysis for Mississippi delta cropland containing rice, cotton, and soybean base. Sensitivity analysis is conducted on some of the key variables affecting the decision.

scholarly journals What is a “fair salary” for a surgical subspecialist?

2002 ◽  
Vol 12 (4) ◽  
pp. 1-5
Author(s):  
Richard N. W. Wohns
Keyword(s):  
Net Present Value ◽  
Family Physicians ◽  
Present Value ◽  
Present Value Model ◽  
Value Model

The author presents a net present value model by which a “fair salary” for surgical subspecialists is justified. Neurosurgical practitioners are used as an example, based on assumed fair salary for family physicians.

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