Real Estate Development Risk Management

Author: Zhao Shiqiang (Compiler)
Publisher:
Publish Date: 2003-01-01
Features: Based on the theory of risk research and an analysis of the characteristics of real estate development and operation, this book elaborates on the necessity and urgency of risk management in real estate development. Applying the principles and methods of systems engineering, it establishes a risk management system for real estate development, combining the specific features of the industry. Using risk identification, estimation, and evaluation methods, it analyzes the risks and their root causes in real estate development across four stages: investment decision-making, land acquisition, project construction, and rental/lease management. The book explores and proposes methods and indicators for risk estimation, establishing an evaluation index system and a multi-level fuzzy hierarchical comprehensive evaluation mathematical model for real estate development risk. Additionally, it systematically explains risk management measures for various types of risks, including risk avoidance, risk control, risk transfer, insurance, risk retention, risk diversification, and risk utilization, along with their principles and applications in real estate development and operation. The content of the book is systematic and comprehensive, covering both theoretical discussions on real estate risk management and practical risk management methods, as well as case studies of development projects. This book is suitable for real estate development and operation professionals to study, and also applicable for senior undergraduate and graduate students in engineering management, business administration, real estate, and land resource management to learn and research.