000			01394cab a2200205 4500
001			ABS68784
008			050218n2005 000 0 eng u
035			_a(Sirsi) u128844
100			_aFrench, N.
245			_aDiscounted cash flow: accounting for uncertainty
260			_c2005
490			_aJournal of Property Investment and Finance _v23(1) 2005, 76-89(13)
520			_aValuation is the process of estimating price. Information from the various methods employed is used in the Discounted Cash Flow (DCF) valuation model to determine the single point valuation figure. However the valuation will be affected by uncertainties in the comparable data available, the current and future market conditions and in the specific inputs for the subject property. Discusses the ways in which uncertainty can be incorporated into the DCF model. The outcome of introducing uncertainty in the inputs produces a range of different answers. The central tendency of this distribution is very close to the single point estimate of the static model, yet the user of the technique now benefits from an understanding of the upside and downside risk pertaining to this single point estimate. [Taken from journal abstract]
590			_aABS
650			_aUNCERTAINTY
650			_aDISCOUNTED CASH FLOW
650			_aASSET VALUATION
690			_aPROPERTY-PROPERTY APPRAISAL AND VALUATION
942			_n0
999			_c74812 _d74812