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Flexibility and Real Estate Valuation under Uncertainty
book

Flexibility and Real Estate Valuation under Uncertainty

by David Geltner, Richard de Neufville
April 2018
Intermediate to advanced content levelIntermediate to advanced
256 pages
7h 35m
English
Wiley-Blackwell
Content preview from Flexibility and Real Estate Valuation under Uncertainty

20Modular Production Timing Flexibility: We Explore the Timing Option to Pause and Restart the Project Any Time After its Commencement

The flexibility to delay the start of a project, which we explored in the previous chapter, is common. However, it is only one type of option for the timing of production in development projects. Indeed, Chapter 15 described three different types of timing options: overall project start timing, modular production timing, and phasing. We now look at the second of these.

Modular production timing flexibility is the option to pause the production process of a multi‐asset development project after the project has started. To enable developers to implement this flexibility, the ...

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Publisher Resources

ISBN: 9781119106494Purchase book