房地产项目外文翻译和文献综述
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毕业论文外文翻译与文献综述
系别土木与建筑工程系
专业工程管理
学生姓名刘祝成
学号090340201年级09级
指导老师陈蓓
教务部制表
二Ο一三年五月二十六日四川大学锦城学院本科毕业设计外文翻译与文献综述
1TheAnalysisoftheIssueRelatedtotheFeasibilityof
StudytheRealEstateProjectontheBasisofthe
ImplicitCost
BilinShao,BinDing
Abstract:Itisknownthatthefeasibilitystudyofrealestateprojectplaysanimportantrole
inrealestatedevelopment.Nevertheless,therestillremainsmanyproblemsinthefeasibility
study.Inthispaper,theconceptofimplicitcostwillbeintroduced,whichwillbeusedtoanalyse
theseproblems.Meanwhile,someusefulstrategieswillberaisedfortheseproblems,which
intendstofurtherimprovethefeasibilitystudyoftherealestateprojects.
Keywords:realestateproject;feasibilitystudy;implicitcost;problems
1.Introduction
Thefeasibilitystudyisthedecisionsciencehasbeenusedinprojectarea,andthebasictargetisonthe
basisofthecomprehensiveinvestigatingandresearchingtoidentifyaconstructionobjectwhetherhavethe
characteristicsofprogressive,realityandreliableinthewholeprosessfrompreviouslyprojectconstructionto
lineoperation.Wealsoneedtoknowthosewhethercanpayofffromthefinanceandthecredibilityinthe
economytogiveabighelpfortheinvestatingdecisions.Itisrealrolethataframeworktoinvestingproject,
andisthekeyfactorsthatcandecidetheprojectcanbeinvestedornottogivesomesupportsontheproject
decisions.Therealestateischaracteristicofaccountingforhugefinancing,alongperiodrelativetothe
investingandeasilyinfluencedbytheinstablefactors.Therefore,thethefeasibilitystudyisveryimportantfor
therealestate.However,currentlywearemoreandmorefocusingontheexplicitcostinthefeasibilitystudy
andignoringtheintangiblecost.Theintangiblecostis,asopposedtoexplicitcostandhidedamongthetotal
costofenterprise,causedbythedecisionmakercharacterizedbylowerdiathesis,wrongconcept,andthe
deficiencyofinformations,coupledwiththenon-marketfactorstoleadtothetotalcostincreaseingdirectlyor
indirectly.Theamountofeconomicbenefitsoftheprojectlargelydependongettingfullknowledgeofthe
intangiblecostintherealestate.
2.TheExistenceoftheQuestionsLiedintheFeasibilityStudyonthe
BasisoftheIntangibleCost
Recently,therealestatehavegotabigimprovementinthefeasibilitystudy.Asthemaincontentsand四川大学锦城学院本科毕业设计外文翻译与文献综述
2methods,ithavebeennormedandstabilizedgraduallytouseintheprojectdecisions.Butthatisfactthatthe
feasibilitystudycannotplaytheroleabovementionedintherealcase.Theworstcaseisthatthereisnothe
feasibilitystudybeforestartingthework.Andanothereventsisthatthefeasibilitystudyhadbeendone,but
theresultwasnotfittotherequestions.Themainproblemsarefollowing:
2.1.TheInvestorwithLowDiathesisDidNotPayMoreAttentionsonit
Untilnow,anumberoftheinvestorsdidnotgetaclearclueandrealizetheimportantancerelatedtothe
feasibilitystudy.Theyhadmadeadecisionwhetherbuildingtherealestatereliedontheirownwish,and
reckonedthefeasibilitystudywasjusta“payablepaper”tosubmittolendinginstitution,investorand
government.Thereisnomeaninginthefeasibilitystudybecauseofcarryingonisnotthorough,focusingon
theformat.Therefore,the“feasibilitystudy”istheaimthathowtogetapermissionfromtherelated
departmentandaloanfromthebank,sothedatacannotbeusedtoreflecttherealconditions.Theeconomic
benefitsofthewholerealestateprojecthavedecreased,evenfailedthatwasmainlyascribedtotheinvetor’s
attitude,ignoringtheimportanceoffeasibilitystudy.Thosearecalledtheintangiblecost.Theotherfactorsis
linkedcloselywithcalibrethataexcellentdecisionmakershouldbecharacterizedbydetermination,
confidence,far-sighted.ect.Whenafavoriteinvestingprojectlieinfrontofainvestor,hemustbeconfidence
anddeterminationtomakeadecisionassoonaspossible,ortheproblemsrelativetotheeconomicbenefits′
lostwouldbehappenedtocreatetheintangiblecost.Moreover,theinvestorshouldhavethecharactersof
far-sightedtoconsidertheinvestingprocess,andnotcarethe“gainandloss”inasmalleventstomakea
wrongdecision.Itisobviouslythatthehigh-calibreisanveryimportantfactortotheinvestortoavoidthe
intangiblecost.
2.2.TheFeasibilityStudyRelatedtotheConstructionProjectisMainlyCompletedbythe
ConsultantAgencyandDesignDtheDeviserHasLow-Calibre
Departmentofconstructionentrustedbyinvestor.Itispossiblethattheaccuracylargelydependonthose
institutions′levelcontrolledbythedeviser’scalibre.Unfortunately,ahugenumberofdevisersarelackingof
theattitudeonseektruthfromfacts.Theyhavepartiallyusedthedatatooptimisticallyevaluatethemarket
pricemovement.Theyalsodidnotexploitthemarketsurveyindetailstopredictthemarketprospect;atthe
sametime,theydidnotcareaboutsomefaults,however,morelightsshedinexaggerateingtheadvantagesof
technologyandproductthatreducingthesuccessrateofinvesting.Onthebasisofthedevisershaving
low-calibre,thefeasibilitystudycannotbecompletedbycourseofcorrectwayandcanonicalprocessthatthe
decisionmakergotawrongjudgementtoresultinlostingtheeconomicbenefits,eventhewholeproject’s