Evaluation of Factors Affecting Risk in Real Estate Industry by Relatively Importance Index Method
DOI:
https://doi.org/10.53555/nnmce.v2i3.341Keywords:
Real Estate, Risk Management, Residential Real Estate, Risk Management ModeAbstract
Real estate industry is fragmented, very sensitive to the economic cycles & political environment, and has a significantly high rate of business failure. More than 50% of all the real estate businesses have failed within the first five years as risks associated with their startup are not being considered. Business failure is an extremely disruptive force especially in case of construction industry. Previous studies on construction project risk management (PRM) have focused on the project level rather than the enterprise level. Enterprise Risk Management (ERM) is a process affected by an entity’s board of directors, management and other personnel applied in a creating strategies across the enterprise. The objective of this study was to identify and assess the risk associated with the residential real estate business and also to formulate an enterprise risk management model.
References
.Zhen-Yu Zhao, Lin-Ling Duan, An Integrated Risk Management Model for Construction Projects, PICMET 2008 Proceedings, 27-31 July, Cape Town, South Africa (c) 2008 PICMET
.Nur Alkaf Abd Karim, Ismail Abd. Rahman Aftab Hameed Memmon, Nurhidayah Jamil, Significant Risk Factors in Construction Projects: Contractor’s Perception, 2012 IEEE Colloquium on Humanities, Science & Engineering Research (CHUSER 2012), December 3-4, 2012, Kota Kinabalu, Sabah, Malaysia
.Prasanta Kumar Dey, decision support system for risk management:a case study, Emerald Journal, management decision © MCB university press [ISSN 0025-1747]
.Prof. Sakil S. Malik, Nazmeen I. Pathan, Harris Mal, risk management in construction indudstry, Volume : 3 | Issue : 6 | June 2013 | ISSN -2249-555X
.Xian Li, The Analysis on Residential Real Estate Development Multi-objective Linear Programming and Decision, 978-1-4577-0536-6/11/$26.00 ©2011 IEEE
.Ana I. Irimia-Diéguez; Alvaro Sanchez-Cazorla, Rafaela Alfalla-Luque, Risk Management in Megaprojects, 1877-0428 © 2014 IPMA.
.Kinnaresh Patel, A study on risk assessment and its management in India, American Journal of Civil Engineering 2013; 1(2): 64-67 Published online August 30, 2013 (http://www.sciencepublishinggroup.com/j/ajce) doi: 10.11648/j.ajce.20130102.13
.CROCKER H. LIU, JIANPING MEI, An Analysis of Real-Estate Risk Using the Present Value Model, Journal of Real Estate Finance and Economics, 8:5-20 (1994) _9 1994 Kluwer Academic Publishers
.Shuguo ZHANG, Ning XU, The Application of the Post-Evaluation of Residential Real Estate Project Based on Fuzzy Comprehensive Evaluation, ICCREM 2013 © ASCE 2013
.Virginia A Gibson, Risk Management and the Corporate Real Estate Portfolio, AMERICAN REAL ESTATE SOCIETY ANNUAL MEETING, 2002
.Gianpaolo Abatecola*, Andrea Caputo, Michela Mari and Sara Poggesi,Real estate management: past, present, and future research directions, Int. J. Globalisation and Small Business, Vol. 5, Nos. 1/2, 2013
.Li yancang,Suo Juanjuan, Zhou Shujing, mproved AHP model for real estate investment risk management, 2010 International Conference on E-Business and E-Government
.Martin Hoesli, Elion Jani and Andre Bender, Monte Carlo simulations for real estate valuation, Journal of Property Investment & Finance Vol. 24 No. 2, 2006 pp. 102-122 q Emerald Group Publishing Limited 1463-578XDOI 10.1108/14635780610655076
.Xiaoxin Liu, Xin Tian, Di Wu, Xiuting Li, Performance and Risk Management of Real Estate Enterprises, 2013 Sixth International Conference on Business Intelligence and Financial Engineering
.David Gimpelevich, Simulation-based excess return model for real estate development, A practical Monte Carlo simulation-based method for quantitative risk management and project valuation for real estate development projects illustrated with a high-rise office development case study, Journal of Property Investment & Finance Vol. 29 No. 2, 2011 pp. 115-144 q Emerald Group Publishing Limited 1463-578X DOI 10.1108/14635781111112765.
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Terms & Condition
Submission -
Author can submit the manuscript through our online submission process or email us at the designated email id in contact details.
The other mode of submission not accepted than online and email.
Before submission please read the submission guidelines.
NN Publication accepts only article submitted in pdf/doc/docx/rtf file format. Another format except given file formats will no be considered .
Author will be responsible for the error mistakes in the submission files. The minor changes can be done without any cost after publication. But for major changes NN Publication may charges you the editing charges.
Publication (Online) -
The online publication is scheduled on last date of every month, but it can be delayed by 24 to 48 hours due to editorial process if huge number of articles comes to publish in single issue.
Automatic notificatation email will be sent to the all users on publication of an issue, so its author’s duty to check their email inbox or SPAM folder to get this notification.
After publication of article author can not withdraw their article.
If editor’s found any issue after publication of article then the NN Publication have the authority to remove the article from online website.
No refund will be provided after online publication of article.
Publication (Print) -
The print copy publication are sent as per the author’s request after 2 weeks of online publication of that issue.
NN Publication will ship the article by India Post and provide the consignment number on dispatch of print copy.
NN Publication follows all the guidelines of delivery provided by IndiaPost and hence not responsible for delay in delivery due to any kind of reasons.
Refund of hard copy will not be provided after dispatch or print of the journal.
NN Publication will be responsible for raise a complain if there is any issue occurs in delivery, but still will not be responsible for providing the refund.
NN Publication will be responsible to resend the print copy only and only if the print copy is lost or print copy is damaged in delivery / or there is delay more than 6 months.
According to India Post the delivery should be completed with in 1-3 weeks after dispatch of articles.
Privacy Policy-
NN Publicationl uses the email ids of authors and editors and readers for sending editorial or publication notification only, we do not reveal or sell the email ids to any other website or company.
