CITIC TOWER II: THE REAL OPTION CASE STUDY SUMMARY Scenario * Undeveloped prime waterfront property on Victoria Harbor was bought 6 months ago at public auction * Owner now wants to sell the land and is available to Citic Pacific Limited on a first-choice basis through an intermediary * Larry Yung (Chairman) thought they could acquire the site and turn it into another Grade-A office building “Citic Tower II” * Asking price of the land was $1 billion * Net present value of property
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Abstract Throughout the popsicle stick tower crane projects‚ groups were instructed to build a tower crane replica out of popsicle sticks‚ with the purpose of holding the most weight in a competition between their peers’ tower cranes. The Insane Cranes focused on making a very sturdy base‚ and a flexible yet strong jib. Their crane held 2‚600 grams and places second in their class-wide competition. They found that the hardest part of the project was the research about and the assembly of the jib
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The London Eye is a giant Ferris wheel situated on the banks of the River Thames inLondon‚ England. The entire structure is 135 metres (443 ft) tall and the wheel has a diameter of 120 metres (394 ft). It is the tallest Ferris wheel in Europe‚ and the most popular paid tourist attraction in the United Kingdom‚ visited by over 3.5 million people annually.[4] When erected in 1999 it was the tallest Ferris wheel in the world‚ until surpassed first by the 160 m (520 ft) Star of Nanchang in 2006 and
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to Eiffel Tower 3 History of Eiffel Tower 5 Construction & Function Advantage of the Structure Disadvantages of the Structure 14 Conclusion 16 Introduction Nothing like it had ever been built like the Eiffel Tower. It is a 984-foot (300-meter) tower of wrought iron and open-lattice. The Eiffel Tower was the tallest
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DESIGN OF THE EIFFEL TOWER General purpose: To inform Specific Purpose: To inform my audience about the considerations in the Eiffel Tower design. Central Idea/ Thesis Statement: The considerations in Eiffel tower design divided into three elements that are material‚ wind considerations‚ and artistic considerations. Introduction Attention gather:“Being the most striking manifestation of the art of metal structures by which our engineers have shown in Europe‚ it is one of the most remarkable
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Construction of The Eiffel Tower Introduction The Eiffel Tower is a freestanding framework tower (lattice tower) located on the Champ de Mars in Paris‚ France. It was named after it’s Chief Designer/Engineer Alexandre Gustave Eiffel and is the most-visited paid monument in the world with several millions ascending each year. Why was the tower built? The plan to build a tower 300 meters high was conceived as part of preparations for the World Exhibition Fair‚ which would be held in 1889
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The Eiffel Tower (French: La Tour Eiffel‚ [tuʁ ɛfɛl]) is an iron[10] lattice tower located on the Champ de Mars in Paris‚ named after the engineer Gustave Eiffel‚ whose company designed and built the tower. Erected in 1889 as the entrance arch to the 1889 World’s Fair‚ it has become both a global cultural icon of France and one of the most recognizable structures in the world. The tower is the tallest structure in Paris[11] and the most-visited paid monument in the world; 7.1 million people ascended
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decision to make. He must decide if he should invest in property and build the “Citic Tower II”. Under the current conditions‚ the current net present value is negative‚ which is one of the factors that Larry is using to decide. Another concern is that the commercial real estate market is very cyclical in the area. Also‚ with the current economic conditions‚ there is not really a guarantee that the “Citic Tower II” will survive in the area‚ which another concern for Larry Yung. In terms of the positives
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FACTS ABOUT THE EIFFEL TOWER Eiffel & Company completed the Eiffel Tower on March 31‚ 1889 for the Universal Exposition in Paris celebrating the centennial of the French Revolution. The project included 50 engineers and designers (who produced 5‚300 blueprints)‚ 100 ironworkers (who produced 18‚038 individual pieces for assembly) and 121 construction workers (who used 2.5 million rivets). The Eiffel Tower took two years‚ two months and five days to complete. In addition to contractor Gustave
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CRITIQUE: SEARS TOWER I remember being passionate about the design of a certain building standing in the heart of the United States of America when I was 14-15 years old. Well‚ I still am. There is something romantic about this building- its tall frame‚ its minimal design‚ the elegant black bands running around the building‚ the use of tinted black aluminum curtain with bronze tinted glazing‚ the bundled tubular form etc etc. I have always been a fan of minimalism‚ courtesy Mies Van Der Rohe
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