RESIDUAL METHOD OF PROPERTY VALUATION

Petroleum Property Valuation

Valuation of installment option by penalty method

In this paper, installment options on the underlying asset which evolves according to Black-Scholes model and pays constant dividend to its owner will be considered. Applying arbitrage pricing theory, the non-homogeneous parabolic partial differential equation governing the value of installment option is derived. Then, penalty method is used to value the European continuous installment call opt...

C-property and Residual Distribution

In this paper we consider the discretization the Shallow Water equations by means of Residual Distribution (RD) schemes, and review the conditions allowing the exact preservation of some exact steady solutions. These conditions are shown to be related to both the type of spatial approximation and to the quadrature used to evaluate the cell residual. Numerical examples are shown to validate the ...

Methods and Techniques for Contaminated Property Valuation

As noted in the previous edition of “Environment and the Appraiser,” 1 assignments involving contaminated properties, or properties that may be impacted by environmental contamination, often require specialized valuation methods and techniques. The Appraisal Standards Board provides guidance on this issue in Advisory Opinion 9 (AO-9), “The Appraisal of Real Property That May Be Impacted by Envi...

Valuation of IT Courses - A Contingent Valuation Method Approach

To help the civil servants in both central and local governments in Taiwan operating administrative works smoothly under a new digitalized system launched in 1994, a series of courses related to information technology were offered free to them annually by the central governments. However, due to the budget deficit in recent years, the government is considering decreasing or completely canceling...