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

M. Reedt Dortland; Geert P.M.R. Dewulf; Anneloes Blanken

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

M. Reedt Dortland, Geert P.M.R. Dewulf, Anneloes Blanken

Faculty of Engineering Technology

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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.

Original language	English
Publication status	Published - 2010
Event	3rd HaCIRIC International Conference 2010: Better healthcare through better infrastructure - Edinburgh, Scotland, United Kingdom Duration: 22 Sept 2010 → 24 Sept 2010 Conference number: 3

Conference

Conference	3rd HaCIRIC International Conference 2010
Country/Territory	United Kingdom
City	Edinburgh, Scotland
Period	22/09/10 → 24/09/10

Keywords

IR-73529

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

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.",

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T1 - Real options and scenario planning as a way to gain insight into flexibility in health care real estate management, a first exploration

AU - Reedt Dortland, M.

AU - Dewulf, Geert P.M.R.

AU - Blanken, Anneloes

N1 - Conference code: 3

PY - 2010

Y1 - 2010

N2 - 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.

AB - 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.

KW - IR-73529

M3 - Paper

T2 - 3rd HaCIRIC International Conference 2010

Y2 - 22 September 2010 through 24 September 2010

ER -

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

Abstract

Conference

Keywords

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