Optimal Investment Timing and Size of a Logistics Park: A Real Options Perspective

Table 1

Freight transportation volume of Changsha City.

Year	Freight transportation volume (million tons)
2000	59.10
2001	75.50
2002	87.66
2003	106.32
2004	110.66
2005	109.91
2006	124.78
2007	161.84
2008	171.58
2009	210.74
2010	229.47
2011	256.51
2012	261.45
2013	280.48
2014	304.49

Source. Changsha Statistical Yearbook (2000–2014) [9].