Feasibility studies: the new frontiers
Brown, P.M.
Feasibility studies: the new frontiers - 1991 - Journal of Property Research 8(1) Spring 1991, 71-81(11) .
Traditional valuation methods, based on historic patterns of appreciation and depreciation, are seen as insufficient in today`s fluctuating property market to accurately forecast potential values. The article advocates a probabilistic approach for feasibility studies using computers and simulation techniques , and illustrates it with case studies.
Feasibility studies: the new frontiers - 1991 - Journal of Property Research 8(1) Spring 1991, 71-81(11) .
Traditional valuation methods, based on historic patterns of appreciation and depreciation, are seen as insufficient in today`s fluctuating property market to accurately forecast potential values. The article advocates a probabilistic approach for feasibility studies using computers and simulation techniques , and illustrates it with case studies.