Assessing Real Estate Investment Alternatives: A Multi-Criteria and Multi-Stakeholder Decision Aid Tool

Mantogiannis, Vasileios A.; Katsigiannis, Fotios A.

doi:10.13033/ijahp.v12i1.702

Cited by 6 publications

(3 citation statements)

References 35 publications

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“…Mantogiannis and Katsigiannis used the Analytical Hierarchy Process model to evaluate four real estate investment alternatives from the UK private rented market. The authors validated the volatility of the financial performance indicators through Monte Carlo simulation runs [155]. März evaluated the fuel poverty vulnerability of urban neighborhoods for the German city of Oberhausen [156].…”

Section: Mcda Applications In Other Fieldsmentioning

confidence: 99%

Recent advances in multi-criteria decision analysis: A comprehensive review of applications and trends

Więckowski,

Sałabun,

Kizielewicz

et al. 2023

KES

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In recent years, multi-criteria decision support methods have become widely used research tools by both scientists and practitioners. Theoretical works involving new multi-criteria methods and developments of existing methods immediately find applications in areas of business practice. This paper attempts to sort out the areas of application of MCDA methods. For this purpose, the relevant literature from 2018–2023 was reviewed. The inclusion selection criteria were defined as addressing multi-criteria practical issues, open accessibility, comprehensive research methodology and findings, and the use of an MCDA method in the evaluation process. Detailed research identified that the main areas of use of MCDA methods are healthcare, energy management, supplier selection, and transportation. Due to the timeliness and importance of the problem, a detailed study of the use of MCDA methods in sustainability issues was separated. The paper contributes contributions to both theory and economic practice. The article provides a series of recommendations both on the methodological side of the problems to be solved and shows the practical prism of individual decision models, offering ready-to-use decision models, and providing a comprehensive review of recent MCDA advancements, fostering informed and reliable decision-making. Additionally, this review sheds light on the latest developments in MCDA, emphasizing trends in Decision Support Systems (DSS) and prominent application areas in contemporary research.

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Section: Mcda Applications In Other Fieldsmentioning

confidence: 99%

Recent advances in multi-criteria decision analysis: A comprehensive review of applications and trends

Więckowski,

Sałabun,

Kizielewicz

et al. 2023

KES

View full text Add to dashboard Cite

show abstract

“…The AHP analysis is a MCDM technique (Al-Rahbi et al, 2020;Dehghanimohammadabadi & Kabadayi, 2020;Garg & Ganesh, 2020;Kopytov et al, 2011;Kou et al, 2013). It was developed by Thomas Saaty to make complex decisions (Mantogiannis & Katsigiannis, 2020;T. L. Saaty, 1980T.…”

Section: Ahp Analysismentioning

confidence: 99%

Integral Swot-Ahp-Tows Model for Strategic Agricultural Development in the Context of Drought: A Case Study in Ninh Thuan, Vietnam

Nguyen¹,

Truong

2022

IJAHP

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The study combined a qualitative analysis model and quantitative analysis to rank strategies in agricultural production in Ninh Thuan province, Vietnam. A strength, weakness, opportunity, and threat (SWOT) analysis is used to evaluate the characteristics of internal and external factors through the TOWS matrix. The research used the Analytical Hierarchy Process (AHP) to compare and rank the influence of the criteria on agricultural production. The AHP method quantified the weights of the factors in the TOWS matrix based on a pairwise comparison of the elements. The research results show that the AHP technique can help make the decisions of policymakers easier rather than making decisions based on qualitative uncertainty. The SWOT-AHP-TOWS model provides a new approach to drought in Vietnam using a quantitative tool based on multi-criteria analysis.

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“…At the same time, DeLisle, Never, and Grissom (2020) demonstrate how big data can support inductive reasoning which can lead to enhanced real estate decisions; the researchers illustrate how the use of data can improve decision-making. Mantogiannis and Katsigiannis (2020) claim that any investment decisions in private real estate require the consideration of several qualitative and quantitative criteria. Furthermore, they underline the possibility of different or even conflicting interests among the participating stakeholders.…”

Section: Croatian and Comparative Public Administrationmentioning

confidence: 99%

Involving the Public in the Assessment of Community Real Estate Property

Dmytryshyn

2022

HKJU-CCPA

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The paper argues for the need to involve the public in decision-making on abandoned community real estate property in small communities with limited financial resources. This can be achieved by giving the public the opportunity to express their opinion via a survey. For this purpose, a specific approach was developed which involves conducting a survey and evaluating the results. A particular weighting factor is given for each chosen rank of indicator. A system of 50 indicators for five different groups (interior, exterior, environment, historical and cultural value, and finance) is proposed. The indicators are divided into 38 incentives and 12 disincentives, in accordance with their impact on the final assessment of the real estate property. An example of an assessment is given and it is proposed that the survey results be categorised and analysed based on the age of respondents. The aim of this paper is to develop a way of investigating the opinion of the local community regarding abandoned municipal real estate property in the cheapest and easiest way, applicable even in small villages. Not only will this ensure the assessment is carried out, it will also involve more people in community life and increase their interest. Public participation in solving community affairs is crucial when it comes to increasing the interest of residents in the life of the territory in particular and the effective development of civil society in general. At the initial stage citizens may only engage in one-time participation; however, in the future a critical mass of caring locals will be formed who can bring forward new ideas and offer innovative solutions.

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Assessing Real Estate Investment Alternatives: A Multi-Criteria and Multi-Stakeholder Decision Aid Tool

Cited by 6 publications

References 35 publications

Recent advances in multi-criteria decision analysis: A comprehensive review of applications and trends

Recent advances in multi-criteria decision analysis: A comprehensive review of applications and trends

Integral Swot-Ahp-Tows Model for Strategic Agricultural Development in the Context of Drought: A Case Study in Ninh Thuan, Vietnam

Involving the Public in the Assessment of Community Real Estate Property

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