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@article{ART002147596},
author={박재호 and Geem, Zong Woo and Yu, Jung Suk},
title={The Optimal Investment Portfolio for Land Development Projects of Public Company},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2016},
volume={26},
number={3},
pages={23-38}

TY - JOUR
AU - 박재호
AU - Geem, Zong Woo
AU - Yu, Jung Suk
TI - The Optimal Investment Portfolio for Land Development Projects of Public Company
JO - Korea Real Estate Review
PY - 2016
VL - 26
IS - 3
PB - korea real estate research institute
SP - 23
EP - 38
SN - 2092-5395
AB - We propose two methods such as Genetic Algorithm (GA) and Branch & Bound method (B&B) for deriving the optimal investment combination (combinatorial optimization) from among the various real estate development projects and public company may adopt these methods to maximize the return of investment while meeting the multiple constraints. With these methods, public company could have a reasonable investment portfolio that maximizes the return of investment while meeting the multiple constraints such as limited investment for financial soundness, balanced regional development, balanced project investment, project prepared for lay-off, etc. However, in the conventional social sciences, it is rare to solve these problems using the optimization model. Therefore, we set up an optimization model and derive an optimal investment combination using Genetic Algorithm (GA) and Branch & Bound method (B&B). Through virtual example, we were able to convince that these methodologies can be used conveniently in the field of various social sciences as well as real estate studies in case the variables are discrete and constraints have discontinuous attributes.
KW - public company;land development project;combinatorial optimization;genetic algorithm;branch & bound method
DO -
UR -
ER -

박재호, Geem, Zong Woo and Yu, Jung Suk. (2016). The Optimal Investment Portfolio for Land Development Projects of Public Company. Korea Real Estate Review, 26(3), 23-38.

박재호, Geem, Zong Woo and Yu, Jung Suk. 2016, "The Optimal Investment Portfolio for Land Development Projects of Public Company", Korea Real Estate Review, vol.26, no.3 pp.23-38.

박재호, Geem, Zong Woo, Yu, Jung Suk "The Optimal Investment Portfolio for Land Development Projects of Public Company" Korea Real Estate Review 26.3 pp.23-38 (2016) : 23.

박재호, Geem, Zong Woo, Yu, Jung Suk. The Optimal Investment Portfolio for Land Development Projects of Public Company. 2016; 26(3), 23-38.

박재호, Geem, Zong Woo and Yu, Jung Suk. "The Optimal Investment Portfolio for Land Development Projects of Public Company" Korea Real Estate Review 26, no.3 (2016) : 23-38.

박재호; Geem, Zong Woo; Yu, Jung Suk. The Optimal Investment Portfolio for Land Development Projects of Public Company. Korea Real Estate Review, 26(3), 23-38.

박재호; Geem, Zong Woo; Yu, Jung Suk. The Optimal Investment Portfolio for Land Development Projects of Public Company. Korea Real Estate Review. 2016; 26(3) 23-38.

박재호, Geem, Zong Woo, Yu, Jung Suk. The Optimal Investment Portfolio for Land Development Projects of Public Company. 2016; 26(3), 23-38.

박재호, Geem, Zong Woo and Yu, Jung Suk. "The Optimal Investment Portfolio for Land Development Projects of Public Company" Korea Real Estate Review 26, no.3 (2016) : 23-38.