An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method

Detalhes bibliográficos
Autor(a) principal: Moshkovich,Helen M
Data de Publicação: 2011
Outros Autores: Gomes,Luiz Flávio Autran Monteiro, Mechitov,Alexander I
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Pesquisa operacional (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382011000100002
Resumo: Evaluation of real estate properties is an important factor in any economy. The appraisal process is rather subjective, based on the appraiser's experience and intuition. Attempts are being made to help appraisers produce more stable and reliable results. In the paper the authors present an integrated approach to the problem based on the multicriteria decision making framework. The process is carried out through three phases using the multicriteria method TODIM. An "adjusted value" iterative procedure for market value estimation is proposed. The final property price ensures that the overall quality of the alternative obtained through the TODIM method is not farther from the comparable properties on the market than the stated threshold. The process is illustrated through an application in the city of Volta Redonda (Brazil). The results are compared with the "proportional approach". The "adjusted value" approach showed significant improvement compared to the "proportional" adjustment of market values
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spelling An integrated multicriteria decision-making approach to reale state evaluation: case of the todim methodmultiple criteria decision analysisreal estate marketTODIM methodEvaluation of real estate properties is an important factor in any economy. The appraisal process is rather subjective, based on the appraiser's experience and intuition. Attempts are being made to help appraisers produce more stable and reliable results. In the paper the authors present an integrated approach to the problem based on the multicriteria decision making framework. The process is carried out through three phases using the multicriteria method TODIM. An "adjusted value" iterative procedure for market value estimation is proposed. The final property price ensures that the overall quality of the alternative obtained through the TODIM method is not farther from the comparable properties on the market than the stated threshold. The process is illustrated through an application in the city of Volta Redonda (Brazil). The results are compared with the "proportional approach". The "adjusted value" approach showed significant improvement compared to the "proportional" adjustment of market valuesSociedade Brasileira de Pesquisa Operacional2011-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382011000100002Pesquisa Operacional v.31 n.1 2011reponame:Pesquisa operacional (Online)instname:Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)instacron:SOBRAPO10.1590/S0101-74382011000100002info:eu-repo/semantics/openAccessMoshkovich,Helen MGomes,Luiz Flávio Autran MonteiroMechitov,Alexander Ieng2011-05-02T00:00:00Zoai:scielo:S0101-74382011000100002Revistahttp://www.scielo.br/popehttps://old.scielo.br/oai/scielo-oai.php||sobrapo@sobrapo.org.br1678-51420101-7438opendoar:2011-05-02T00:00Pesquisa operacional (Online) - Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)false
dc.title.none.fl_str_mv An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
title An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
spellingShingle An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
Moshkovich,Helen M
multiple criteria decision analysis
real estate market
TODIM method
title_short An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
title_full An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
title_fullStr An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
title_full_unstemmed An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
title_sort An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method
author Moshkovich,Helen M
author_facet Moshkovich,Helen M
Gomes,Luiz Flávio Autran Monteiro
Mechitov,Alexander I
author_role author
author2 Gomes,Luiz Flávio Autran Monteiro
Mechitov,Alexander I
author2_role author
author
dc.contributor.author.fl_str_mv Moshkovich,Helen M
Gomes,Luiz Flávio Autran Monteiro
Mechitov,Alexander I
dc.subject.por.fl_str_mv multiple criteria decision analysis
real estate market
TODIM method
topic multiple criteria decision analysis
real estate market
TODIM method
description Evaluation of real estate properties is an important factor in any economy. The appraisal process is rather subjective, based on the appraiser's experience and intuition. Attempts are being made to help appraisers produce more stable and reliable results. In the paper the authors present an integrated approach to the problem based on the multicriteria decision making framework. The process is carried out through three phases using the multicriteria method TODIM. An "adjusted value" iterative procedure for market value estimation is proposed. The final property price ensures that the overall quality of the alternative obtained through the TODIM method is not farther from the comparable properties on the market than the stated threshold. The process is illustrated through an application in the city of Volta Redonda (Brazil). The results are compared with the "proportional approach". The "adjusted value" approach showed significant improvement compared to the "proportional" adjustment of market values
publishDate 2011
dc.date.none.fl_str_mv 2011-04-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382011000100002
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382011000100002
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0101-74382011000100002
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Sociedade Brasileira de Pesquisa Operacional
publisher.none.fl_str_mv Sociedade Brasileira de Pesquisa Operacional
dc.source.none.fl_str_mv Pesquisa Operacional v.31 n.1 2011
reponame:Pesquisa operacional (Online)
instname:Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
instacron:SOBRAPO
instname_str Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
instacron_str SOBRAPO
institution SOBRAPO
reponame_str Pesquisa operacional (Online)
collection Pesquisa operacional (Online)
repository.name.fl_str_mv Pesquisa operacional (Online) - Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
repository.mail.fl_str_mv ||sobrapo@sobrapo.org.br
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