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With the increasing of construction of
logistics parks, it is essential for commercial real estate project to study on
risk decision to avoid redundant and blind construction. Based on risk essence,
the paper analyses the attitude of investment decision-makers on risk benefits.
Finally, the paper improves the expected utility theory and applies the
prospect theory to risk decision of commercial real estate project to provide scientific
and objective basis for Project Investment Decision.
Mountainous regions are
particularly sensitive to climate change. Seasonal and annual variations in
climate already strongly influence the ecosystems in such areas. Temporal and
spatial variations of temperature and precipitation, for higher elevation site
(Hailuogou Station) and lower elevation site (Moxi Station) within Hailuogou
watershed which is located on the eastern slope of Mount Gongga, China, were
analyzed to evaluate the extent and trend of climate change. Climate data were
carefully checked and corrected for errors before being analyzed. The results
of this work indicate that the measured climate data contain a wide magnitude
of variations in temperature and precipitation in the mountainous region. The
annual, minimal and maximal temperatures exhibit some increasing trends during
the studied period. The results of this work show that slightly warming climate
is mostly caused by increasing minimum temperature. Maximal precipitation
mostly occurs in July and minimal precipitation mostly occurs in December.
There exists a slightly declining trend of precipitation during 1988-2009.
Precipitation exhibits an increasing trend with altitude, whereas the temperature
has the reverse trend in the alpine area during studied period.