An examination of the effect of feng shui on residential property price in Hong Kong

Thesis (B.Sc)--University of Hong Kong, 2009.Includes bibliographical references (p. 88-92).published_or_final_versio

Spatial Resolution and Noise Properties of Regularized Motion-Compensated Image Reconstruction

Reducing motion artifacts is an important problem in medical image reconstruction. Using gating to partition data into separate frames can reduce motion artifacts but can increase noise in images reconstructed from individual frames. One can pool the frames to reduce noise by using motion-compensated image reconstruction (MCIR) methods. MCIR methods have been studied in many medical imaging modalities to reduce both noise and motion artifacts. However, there has been less analysis of the spatial resolution and noise properties of MCIR methods. This paper analyzes the spatial resolution and noise properties of MCIR methods based on a general parametric motion model. For simplicity we consider the motion to be given. We present a method to choose quadratic spatial regularization parameters to provide predictable resolution properties that are independent of the object and the motion. The noise analysis shows that the estimator variance depends on both the measurement covariance and the Jacobian determinant values of the motion. A 2D PET simulation demonstrates the theoretical results.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/85889/1/Fessler240.pd

Analysis of land value and strategic decisions in real estate development

Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2013.This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.Cataloged from student-submitted PDF version of thesis.Includes bibliographical references (pages 82-84).This thesis investigates the use of the game theory and the real options theory in real estate development at the strategic level, trying empirically to explain different economic observations among different metropolitan cities and different property types. The real options theory provides a rich theoretical framework to analyze investment values in real estate development. It takes the market uncertainty into consideration, while the widely used neoclassical NPV valuation method takes a deterministic approach. A simplified real options valuation model is set up in this thesis to calculate the option premium value of waiting for developers. However, since it is done in a monopolistic setting, the strategic interaction aspect of real estate development will be analyzed using the game theory model. The interaction of the game theory model and the real options model will provide a comprehensive and powerful framework to study the timing strategy of developers. Using data spanning quarterly from 1995 to 2013 among 5 property types (single-family house, apartment, industrial, office, and retail) and 44 MSAs, this thesis analyzes the relationships empirically between the volatility of underlying assets, the land cost ratio, the option premium value, and the timing of development. The aims of the study are twofold. First, the study compares different market characteristics among different MSAs and different property types from the option game theoretic perspective. Second, it analyzes the effect and the use of the game theory and the real options theory in the context of real estate development.by Chun Kit So ( Timothy So )S.M.in Real Estate Developmen