房地产可行性研究外文文献及翻译.docx

房地产可行性研究外文文献及翻译.docx

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房地产可行性研究外文文献及翻译

TheAnalysisoftheIssueRelatedtotheFeasibilityof

StudytheRealEstateProjectontheBasisofthe

ImplicitCost

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。

Theamountofeconomicbenefitsoftheprojectlargelydependongettingfullknowledgeoftheintangiblecostintherealestate.

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”istheaimthathowtogetapermissionfromtherelateddepartmentandaloanfromthebank,sothedatacannotbeusedtoreflecttherealconditions。

Theeconomicbenefitsofthewholerealestateprojecthavedecreased,evenfailedthatwasmainlyascribedtotheinvetor’sattitude，ignoringtheimportanceoffeasibilitystudy。

Thosearecalledtheintangiblecost。

Theotherfactorsislinkedcloselywithcalibrethataexcellentdecisionmakershouldbecharacterizedbydetermination，confidence，far-sighted.ect。

Whenafavoriteinvestingprojectlieinfrontofainvestor,hemustbeconfidenceanddeterminationtomakeadecisionassoonaspossible,ortheproblemsrelativetotheeconomicbenefits′lostwouldbehappenedtocreatetheintangiblecost。

Moreover,theinvestorshouldhavethecharactersoffar—sightedtoconsidertheinvestingprocess,andnotcarethe“gainandloss"inasmalleventstomakeawrongdecision.Itisobviouslythatthehigh—calibreisanveryimportantfactortotheinvestortoavoidtheintangiblecost.

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。

2。

4.ThereisNoComparativeamongEveryProject

Alargernumbersofreseacherspaymoreattentionsonthesingleprojectthanthecomprehensiveinthefeasibilitystudy。

Insomecases，theyalsoanalysesomeprojectsatthesametimebutaparticularonewillbeanalysedmoredeeperthananotheranalysedsuperficially。

Thedecisionmakerhavetoaccepttheprojectchoosedbyreseachersontheirwishes,andthenthecomprehensiveresearchingchangedintosinglewilllosethemeaninginthefeasibilitystudy.Becauselackofthecomparativeproject,leadingtotheeconomicbenefitsrelatedtothefinancewillbefixedtolosethechanceofgettingmorebenefitsfromthemarkettocreatemoreintangiblecost.

2。

5。

IgnoringtheValueoftheEnvironmentalAssessment

Therearemanyfaultsliesinthecurrentlyenvironmentalassessmentshowedbythereportoffeasibilitystudy。

Insomecases,thereisfewcontentsandtheanalysingsuperficiallyabouttheenvironmentalassessment,becauseofthereisnosurveyingthesurroundingsnearbytheprojectortheassessmentisnotcorrect.Itisobviouslythatthosearecontradictionwiththestrategyofsustainabledevelopmentdevelopedbyourcountry。

Moreover，thereisnoconsiderationbetweentheprojectandsustainingabilityofenvironmentcarriedoutbytheinvestor.Asaresult，thedevelopingintensitywillexceedtheloadingcapacityofenvironmentnearbytheprojecttoproduceseriouslyenvironmentcontamination.Thiswillincreasetheprojectlaterenvironmentalprotectioncosts，suchascontrolingenvironmentalpollutionandstrengthenthegreen,ect。

Thereisaseriousenvironmentalevaluationworktobeneededonenvironmentalprotection，andusingrealdatareflecttherevenueandexpendituretoprovidetrueevidencesforthefinaldecision。

However，manyofthefeasibilitystudyoverlookedthisrespectthattheprojecthadbeenputmoremoneyinlatetoproduceincreaselytheintangiblecost。

2。

6.Don’tPayAttentiontotheAnalysisoftheSensitivityandRiskFactors

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,theremustbenecessaryeducationtoinvestorstoimprovethequalityandprofessionalskillsoftheirown,sothatwhenmakingdecisionstheycandecisivelyandcorrectlymakedecisiontoreduceimplicitcostsandincre