Jini is a technology for building reliable, fault-tolerant distributed applications. Besides offering an infrastructure for clients to locate services, it introduces the concept of leasing. Leases model time-constrained access granting and are used for distributed garbage collection. In this position paper we propose an extension to the lease concept that allows associating costs with resource ...

Abstract In this study, we develop and empirically test a valuation model for commonly encountered option in office leases: tenant’s to renew at future market rent (a fair value) with lease termination as the maturity date. The integrates decision analysis real options risk private risks. “Option value” is defined value of either party pre-contract, while “option price” assumes agreement betwee...