[Retracted] Optimization of Tourism Real Estate Development Project Based on Option Premium Model

<table class="table-group" id="tab2"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Parameter</td><td class="align_center">Meaning</td><td class="align_center">Correlation with <i>F</i></td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left"><i>α</i></td><td class="align_center">Expected yield</td><td class="align_center">Positive</td></tr><tr><td class="align_left"><i>σ</i></td><td class="align_center">Fluctuation rate</td><td class="align_center">Positive</td></tr><tr><td class="align_left">Ρ</td><td class="align_center">Discount rate, risk-free yield</td><td class="align_center">Positive</td></tr><tr><td class="align_left">Δ</td><td class="align_center">Convenience yield (dividend yield)</td><td class="align_center">Negative</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Relationship between classic real option parameters and project value.</div>

Discrete Dynamics in Nature and Society

tab2

Table 2

Table 2: [Retracted] Optimization of Tourism Real Estate Development Project Based on Option Premium Model 