Real options and scenario planning as a way to gain insight into flexibility in health care real estate management, a first exploration

Reedt Dortland, M. and Dewulf, G. and Blanken, A. (2010) Real options and scenario planning as a way to gain insight into flexibility in health care real estate management, a first exploration. In: 3rd Annual Conference of the Health and Care Infrastructure Research and Innovation Centre, HaCIRIC10, PhD Workshop Better healthcare Through Better Infrastructure, 22 September 2010, Edinburgh, Scotland.

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Abstract:	Real estate management in health care faces many uncertainties, and more specific in the Netherlands even more because of changing regulations regarding the financing of capital costs. Therefore we propose, based on literature and a survey, to use scenario planning in combinations with the real option approach to deal with these uncertainties. The survey shows that limited use is made of future uncertainties and options for flexibility in the responded Dutch hospitals. Real options provide insight for real estate managers into opportunities for flexibility when making strategic decisions in real estate management, such as choosing for a building organisation form.
Item Type:	Conference or Workshop Item
Faculty:	Engineering Technology (CTW)
Research Group:	Construction Management and Engineering (CME)
Link to this item:	http://purl.utwente.nl/publications/73529
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