... of the fuzzy pay-off method into a practical investment case was found straightforward because assignment of probabilities into different uncertainty scenarios was unnecessary. In the empirical case, it was found that flexibility investments were profitable only when parts of the building instead of the whole...

... in that it explicitly accounts for uncertainty and for the ability of managers to make a rational future decision (between renting and renovating). The model considers three sources of uncertainty: the market price of rent for office space (as measured by volatility); date of space need; and amount of space need. Input...

... of such decisions on human resource factors. Yet such decisions must be and are made. This paper describes the Cornell Balanced Real Estate Assessment model (COBRA©), a prototype tool which addresses these issues. © MCB UP Limited 2003 Real estate finance Uncertainty Human resources Workplace strategy...

... that such approaches are necessary, but not sufficient. Senior managers need more robust adaptive strategies that exploit knowledge management tools to model, under conditions of uncertainty, the real estate and human resource implications of different workplace decisions. These facets of workplace strategies...