書誌事項
- タイトル別名
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- STOCHASTIC DIRECT CAPITALIZATION MODEL FOR REAL ESTATES
- カクリツロンテキ チョクセツ カンゲン モデル ニ ヨル フドウサン ノ シュウエキ カカク
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説明
Applicability of dynamic discounted cash flow approach upon capitalization of real estates is inclusively investigated, and it was found that evaluation of the direct capitalization must be carried out analytically, since Monte Carlo simulation may not be employed because of time consuming due to a nonlinear stochastic cash flows involved in the mathematical derivation. This paper proposed an approximate analytical method of discounted cash flows based on a logarithm random walk process in order to evaluate the stochastic direct capitalization of real estates. Numerical results by the proposed method is verified by Monte Carlo simulation, and a good agreement was obtained. It is emphasized that the procedure is simple and the calculation is easy, because an analytical technique is used.
収録刊行物
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- 日本建築学会計画系論文集
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日本建築学会計画系論文集 72 (614), 213-220, 2007
日本建築学会
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キーワード
詳細情報 詳細情報について
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- CRID
- 1390001204786034944
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- NII論文ID
- 110006242449
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- NII書誌ID
- AN10438548
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- ISSN
- 18818161
- 13404210
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- NDL書誌ID
- 8694257
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- 本文言語コード
- ja
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- データソース種別
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- JaLC
- NDL
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- CiNii Articles
- KAKEN
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- 抄録ライセンスフラグ
- 使用不可