房地产项目的可行性研究外文参考文献翻译3000.docx

房地产项目的可行性研究外文参考文献翻译3000.docx

《房地产项目的可行性研究外文参考文献翻译3000.docx》由会员分享，可在线阅读，更多相关《房地产项目的可行性研究外文参考文献翻译3000.docx（9页珍藏版）》请在冰豆网上搜索。

房地产项目的可行性研究外文参考文献翻译3000

房地产项目的可行性研究外文参考文献翻译3000

英文翻译

TheAnalysisoftheIssueRelatedtotheFeasibilityof

StudytheRealEstateProjectontheBasisofthe

ImplicitCost

BilinShao,BinDing

Abstract:

Itisknownthatthefeasibilitystudyofrealestateprojectplaysanimportantroleinrealestatedevelopment.Nevertheless,therestillremainsmanyproblemsinthefeasibilitystudy.Inthispaper,theconceptofimplicitcostwillbeintroduced,whichwillbeusedtoanalysetheseproblems.Meanwhile,someusefulstrategieswillberaisedfortheseproblems,whichintendstofurtherimprovethefeasibilitystudyoftherealestateprojects.

Keywords:

realestateproject;feasibilitystudy;implicitcost;problems

1.Introduction

Thefeasibilitystudyisthedecisionsciencehasbeenusedinprojectarea,andthebasictargetisonthebasisofthecomprehensiveinvestigatingandresearchingtoidentifyaconstructionobjectwhetherhavethecharacteristicsofprogressive,realityandreliableinthewholeprosessfrompreviouslyprojectconstructiontolineoperation.Wealsoneedtoknowthosewhethercanpayofffromthefinanceandthecredibilityintheeconomytogiveabighelpfortheinvestatingdecisions.Itisrealrolethataframeworktoinvestingproject,andisthekeyfactorsthatcandecidetheprojectcanbeinvestedornottogivesomesupportsontheprojectdecisions.Therealestateischaracteristicofaccountingforhugefinancing,alongperiodrelativetotheinvestingandeasilyinfluencedbytheinstablefactors.Therefore,thethefeasibilitystudyisveryimportantfortherealestate.However,currentlywearemoreandmorefocusingontheexplicitcostinthefeasibilitystudyandignoringtheintangiblecost.Theintangiblecostis,asopposedtoexplicitcostandhidedamongthetotalcostofenterprise,causedbythedecisionmakercharacterizedbylowerdiathesis,wrongconcept,andthedeficiencyofinformations,coupledwiththenon-marketfactorstoleadtothetotalcostincreaseingdirectlyorindirectly.Theamountofeconomicbenefitsoftheprojectlargelydependongettingfullknowledgeoftheintangiblecostinthereal

-I-

英文翻译

estate.

2.TheExistenceoftheQuestionsLiedintheFeasibilityStudyontheBasisoftheIntangibleCost

Recently,therealestatehavegotabigimprovementinthefeasibilitystudy.Asthemaincontentsandmethods,ithavebeennormedandstabilizedgraduallytouseintheprojectdecisions.Butthatisfactthatthefeasibilitystudycannotplaytheroleabovementionedintherealcase.Theworstcaseisthatthereisnothefeasibilitystudybeforestartingthework.Andanothereventsisthatthefeasibilitystudyhadbeendone,buttheresultwasnotfittotherequestions.Themainproblemsarefollowing:

2.1.TheInvestorwithLowDiathesisDidNotPayMoreAttentionsonit

Untilnow,anumberoftheinvestorsdidnotgetaclearclueandrealizetheimportantancerelatedtothefeasibilitystudy.Theyhadmadeadecisionwhetherbuildingtherealestatereliedontheirownwish,andreckonedthefeasibilitystudywasjusta“payablepaper”tosubmittolendinginstitution,investorandgovernment.Thereisnomeaninginthefeasibilitystudybecauseofcarryingonisnotthorough,focusingontheformat.Therefore,the“feasibilitystudy”istheaim

thathowtogetapermissionfromtherelateddepartmentandaloanfromthebank,sothedatacannotbeusedtoreflecttherealconditions.Theeconomicbenefitsofthewholerealestateprojecthavedecreased,evenfailedthatwasmainlyascribedtotheinvetor’sattitude,ignoringtheimportanceoffeasibilitystudy.Thosearecalledtheintangiblecost.Theotherfactorsislinkedcloselywithcalibrethataexcellentdecisionmakershouldbecharacterizedbydetermination,confidence,far-sighted.ect.Whenafavoriteinvestingprojectlieinfrontofainvestor,hemustbeconfidenceanddeterminationtomakeadecisionassoonaspossible,ortheproblemsrelativetotheeconomicbenefits′lostwouldbehappenedtocreatetheintangiblecost.Moreover,the

investorshouldhavethecharactersoffar-sightedtoconsidertheinvestingprocess,andnotcarethe“gainandloss”inasmalleventstomakeawrongdecision.Itisobviouslythatthehigh-calibreisanveryimportantfactortotheinvestortoavoidtheintangiblecost.

-II-

英文翻译

2.2.TheFeasibilityStudyRelatedtotheConstructionProjectisMainlyCompletedbytheConsultantAgencyandDesignDtheDeviserHasLow-Calibre

Departmentofconstructionentrustedbyinvestor.Itispossiblethattheaccuracylargelydependonthoseinstitutions′levelcontrolledbythedeviser’scalibre.Unfortunately,ahugenumberofdevisersarelackingoftheattitudeonseektruthfromfacts.Theyhavepartiallyusedthedatatooptimisticallyevaluatethemarketpricemovement.Theyalsodidnotexploitthemarketsurveyindetailstopredictthemarketprospect;atthesametime,theydidnotcareaboutsomefaults,however,morelightsshedinexaggerateingtheadvantagesoftechnologyandproductthatreducingthesuccessrateofinvesting.Onthebasisofthedevisershavinglow-calibre,thefeasibilitystudycannotbecompletedbycourseofcorrectwayandcanonicalprocessthatthedecisionmakergotawrongjudgementtoresultinlostingtheeconomicbenefits,eventhewholeproject’sdepleting.

2.3.TheAnalysisandForecastingoftheMarketisnotEnough

Theearningpowerofinvestingprojectisnotonlydependingontheallkindsofavailableresources,butalsorelyingonthecurrentandpotentialrequestsneededbysociety.Currently,therearenomoreattenionsconcentratedonthemarketsurveyandforecastinginthefeasibilitystudy.Alargenumbersofdatacamefromtherelatedresearchers’experienceandsocialrelations.

Eventhoughtheydidasurveyandforecastedthemarkettrend,theresultsaremorequalitativeanalysisthanquantitative.Thedatameasuredbyaboveprocesscannotreallyreflectthemarketconditionandprospect.Itisseemlylikehavinggoodbenefits,becauseofthefaultexistedintheanalysisandforecastingofmarkettoleadtotheinvestingprojecthastofacethecondition“havingapricebutnosales”.Thosecanbeavoidedaccordingtothereseacher’sendeavor.

-III-

英文翻译

2.4.ThereisNoComparativeamongEveryProject

Alargernumbersofreseacherspaymoreattentionsonthesingleprojectthanthecomprehensiveinthefeasibilitystudy.Insomecases,theyalsoanalysesomeprojectsatthesametimebutaparticularonewillbeanalysedmoredeeperthananotheranalysedsuperficially.Thedecisionmakerhavetoaccepttheprojectchoosedbyreseachersontheirwishes,andthenthecomprehensiveresearchingchangedintosinglewilllosethemeaninginthefeasibilitystudy.Becauselackofthecomparativeproject,leadingtotheeconomicbenefitsrelatedtothefinancewillbefixedtolosethechanceofgettingmorebenefitsfromthemarkettocreatemoreintangiblecost.

2.5.IgnoringtheValueoftheEnvironmental

Assessment

Therearemanyfaultsliesinthecurrentlyenvironmentalassessmentshowedbythereportoffeasibilitystudy.Insomecases,thereisfewcontentsandtheanalysingsuperficiallyabouttheenvironmentalassessment,becauseofthereisnosurveyingthesurroundingsnearbytheprojectortheassessmentisnotcorrect.Itisobviouslythatthosearecontradictionwiththestrategyofsustainabledevelopmentdevelopedbyourcountry.Moreover,thereisnoconsiderationbetweentheprojectandsustainingabilityofenvironmentcarriedoutbytheinvestor.Asaresult,thedevelopingintensitywillexceedtheloadingcapacityofenvironmentnearbytheprojecttoproduceseriouslyenvironmentcontamination.Thiswillincreasetheprojectlaterenvironmentalprotectioncosts,suchascontrolingenvironmentalpollutionandstrengthenthegreen,ect.

Thereisaseriousenvironmentalevaluationworktobeneededonenvironmentalprotection,andusingrealdatareflecttherevenueandexpendituretoprovidetrueevidencesforthefinaldecision.However,manyofthefeasibilitystudyoverlookedthisrespectthattheprojecthadbeenputmoremoneyinlatetoproduceincreaselytheintangiblecost.

-IV-

英文翻译

2.6.Don'tPayAttentiontotheAnalysisofthe

SensitivityandRiskFactors

Theestateprojectitselfhasahighriskandinvesting,becauseoftherearesomeuncertainfactorsinprojectimplementationprocess.Withtheseuncertainties,theinvestmentprojectthereisarisk,thustheuncertaintyofthewholeprojectisofvitalimportance.Ifthefeasibilitystudyoftheseriskfactorswereaccuratelyanalysedthatwillcauseadditionalcostsoftheproject.Inpracticalworkofthefeasibilitystudy,theanalysisofriskisnotenoughoronlystayinqualitativeanalysis,giveaquantitativeanalysis.Thoughsomeofthemtoquantify,buteitherquantitativemethodunsuitableorquantitativeresultsdonottakeseriously,nothaveagoodunderstandingtoprojectriskfactors,thusmakesomeprojectinconcreteimplementationappearofriskorriskfactorschange,ledtoincreasecostsandeconomicbenefitgreatlydecreased,causingtherecessivecostofproduction.

3.CountermeasuresofFeasibilityStudy

3.1.StrengtheningIdeologicalEducationandQualityEducationoftheDecisionMaker

Inordertomakefeasibilitystudygosmoothly,decisionmakersshouldbeeducatedtofullyrealizetheimportanceandfunctionofthefeasibilitystudy.Theideologycalrecognitionanddefinitefeasibilitystudyeffect,sothatitcanfromthefundamentalguaranteeoffeasibilitystudyworksmoothly.Inaddition,theremustbenecessaryeducationtoinvestorstoimprovethequality