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Multi-Objective Decisions in Real Estate Financing

  • Harbin Institute of Technology

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Real estate financing is a distribution and consumption process which works through the circulation of money and credit channels. It includes funding, financing and related services. China's current real estate financing has many problems - especially in financing channels - which should be adopted by the characteristics of related real estate. In order to make more reasonable decisions in real estate financing, this article combines real estate financing with the risk -return model and the multi-objective decision. Real estate projects can estimate future risks and benefits more accurately using the risk-return model. Firstly, we should compare the risks with the benefits of these few items and then compare the ratio of the benefits and risks. By comparing the relative preference of investors, we can get the optimal solution. However, it is not easy to estimate real estate projects using the AHP. We build the judgment matrix to calculate the weight of each index and get the conclusion. Finally, we can get the project evaluation scores. With the scores, we can know whether the financing decision for a real estate project is good or not. We can make a more reasonable decision in real estate financing with these two methods.

Original languageEnglish
Title of host publicationICCREM 2014
Subtitle of host publicationSmart Construction and Management in the Context of New Technology - Proceedings of the 2014 International Conference on Construction and Real Estate Management
EditorsHaowen Ye, Geofrey Q. P. Shen, Yaowu Wang, Yong Bai
PublisherAmerican Society of Civil Engineers (ASCE)
Pages1372-1378
Number of pages7
ISBN (Electronic)9780784413777
DOIs
StatePublished - 2014
Event2014 International Conference on Construction and Real Estate Management: Smart Construction and Management in the Context of New Technology, ICCREM 2014 - Kunming, China
Duration: 27 Sep 201428 Sep 2014

Publication series

NameICCREM 2014: Smart Construction and Management in the Context of New Technology - Proceedings of the 2014 International Conference on Construction and Real Estate Management

Conference

Conference2014 International Conference on Construction and Real Estate Management: Smart Construction and Management in the Context of New Technology, ICCREM 2014
Country/TerritoryChina
CityKunming
Period27/09/1428/09/14

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