http://hdl.handle.net/1721.1/34004 Sloan School of Management (15) http://hdl.handle.net/1721.1/41057 11.431J / 15.426J Real Estate Finance and Investment, Fall 2002 Geltner, David, 1951- Mcgrath, William Tod Concepts and techniques for analyzing financial decisions in property development and investment. Topics: leasing and property income streams, pro forma analysis, equity valuation, tax analysis, options, risk, and the financial structuring of real property ownership. From the course home page: Course Description This course is an introduction to the most fundamental concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding commercial real estate assets. As the first of a two-course sequence, this course will focus on the basic building blocks and the "micro" level, which pertains to individual properties and deals (as distinguished from the "macro" level that pertains to portfolio and investment management considerations - the macro level will be covered in 11.432 next spring). While we will touch on real estate development in this course, we will focus here on "stabilized" (fully operational) income properties. (Financial analysis of real estate development will be covered in more depth in 11.432.) Our perspective will be that of so-called "institutional" real estate decision-making (e.g., pension funds, REITs, banks, life insurance companies), regarding large-scale commercial property. At this level it is important to integrate the perspectives of "Wall Street" (the mainstream securities investments and corporate finance establishment) and "Main Street" (local, traditional real estate business community). This requires a treatment of real estate investment rigorously integrated with, and built upon, the modern corporate finance and investments perspective as taught, for example, in the Brealey-Myers text in the Sloan introductory finance theory curriculum (15.401 & 15.402). However, a key objective of this course is to recognize the unique features of real estate that distinguish it from so-called "mainstream" securities investments and corporate finance. Thu, 28 Nov 2002 22:58:59 GMT http://hdl.handle.net/1721.1/41056 11.432J / 15.427J Real Estate Finance & Investments II: Macro-Level Analysis & Advanced Topics, Spring 2003 Geltner, David, 1951- Mcgrath, William Tod The evolving organization and operation of real estate capital markets. Sources of real estate capital. Primary and secondary mortgage markets. The investment behavior of real estate assets. The development of REITs and securitized debt markets. Advanced pricing techniques for complex real estate securities. From the course home page: Course Description This course presents some of the major concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding commercial real estate assets. As the second in a two-course sequence, this course focuses on more advanced topics and the "macro" level, which pertains to decisions about collections of many individual real estate assets, that is, portfolio or firm level decisions and investment management considerations. (More fundamental "micro" level analysis, pertaining to individual properties and deals, is covered in 11.431 taught in the fall semester). This course also introduces and surveys the major public capital market real estate vehicles, REITs and MBS. Other topics treated include a selection among such subjects as real options, land valuation, development project financial analysis, corporate real estate, capital structure, portfolio strategy, equilibrium pricing of asset classes, investment performance measurement and benchmarking, investment management, and international real estate investing (not all subjects covered every semester). Students can take 11.432/15.427 without having taken 11.431/15.426 provided they have taken 15.401. Such students may have to do some review of the real estate terminology presented in the earlier course if they are not already familiar with basic real estate finance and investment terminology (see the "Key Terms" listed in the backs especially of Chs.1, 9, 11, 14, 16-18 of the text). Thu, 29 May 2003 22:58:59 GMT http://hdl.handle.net/1721.1/39816 ESD.260J / 1.260J / 15.770J Logistics Systems, Fall 2003 Caplice, Christopher George, 1961- Sheffi, Yosef, 1948- See description under subject 1.260J. This course is a survey of analytic tools, approaches, and techniques which are useful in the design and operation of logistics systems and integrated supply chains. The material is taught from a managerial perspective, with an emphasis on where and how specific tools can be used to improve the overall performance and reduce the total cost of a supply chain. There is a strong emphasis on the development and use of fundamental models to illustrate the underlying concepts involved in both intra- and inter-company logistics operations. The following topics are covered: Demand Forecasting Tools, Inventory Control Algorithms, Transportation Operations and Management, Vehicle Routing, Scheduling, Fleet Dispatching Algorithms and Approaches, Optimization of Transportation Carrier Operations, Supply Chain Network Design, Procurement, Sourcing, and Auctions (including Combinatorial Auctions), Management and Minimization of Supply Chain Uncertainty and Supply Contracts and Collaboration. In addition to model development, the course uses examples from industry to provide illustrations of the concepts in practice. This is not, however, a case study course. Fri, 28 Nov 2003 22:58:59 GMT http://hdl.handle.net/1721.1/39130 15.902 Strategic Management I, Fall 2005 Hax, Arnoldo C. Subject focuses on some of the important current issues in strategic management. It concentrates on modern analytical approaches and on enduring successful strategic practices. It is consciously designed with a technological and global outlook since this orientation in many ways highlights the significant emerging trends in strategic management. Subject is intended to provide the students with a pragmatic approach that guides the formulation and implementation of corporate, business, and functional strategies. Restricted to Sloan Fellows. Mon, 28 Nov 2005 22:58:59 GMT