Depreciation Methods for Firm’s Assets

Giudice, Vincenzo Del; Manganelli, Benedetto; Paola, Pierfrancesco De

doi:10.1007/978-3-319-42111-7_17

Cited by 25 publications

(6 citation statements)

References 9 publications

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“…Hedonic models are widespread in urban studies, but for them statistical techniques as genetic algorithms, linear programming, semi-parametric or non-parametric regressions, artificial neural networks are certainly less common [3][4][5][6][7][8][9][10][11][12][13]28,29,[53][54][55][56][57][58][59][60][61][62][63][64][65].…”

Section: Discussionmentioning

confidence: 99%

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Using Genetic Algorithms for Real Estate Appraisals

2017

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Abstract:The main aim of this paper is the interpretation of the existing relationship between real estate rental prices and geographical location of housing units in a central urban area of Naples (Santa Lucia and Riviera of Chiaia neighborhoods). Genetic algorithms (GA) are used for this purpose. Also, to verify the reliability of genetic algorithms for real estate appraisals and, at the same time, to show the forecasting potentialities of these techniques in the analysis of housing markets, a multiple regression analysis (MRA) was applied comparing results of GA and MRA.

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Section: Discussionmentioning

confidence: 99%

“…This said, any real estate market analysis cannot be conducted without a necessary identification of sub-markets, or areas where the mechanisms of price formation and the factors that affect real estate demands and supplies are homogeneous [3][4][5][6][7][8][9][10][11][12][13][14][15][16][17].…”

Section: Introductionmentioning

confidence: 99%

Using Genetic Algorithms for Real Estate Appraisals

2017

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“…The Depreciation Cost Approach follows the principles of International Valuation Standards (Cost Approach) and it is based on the postulate of substitution of evaluated assets [30,33,34]: considering the nature of production factors for the evaluated building components, if the market shows no direct appreciation for them, their total value does not exceed the amount corresponding to the sum of the values attributable to the area and reproduction cost of components (that are comparable with the evaluated assets for the complex of the related relevant characteristics, including the in-use condition). Using the "depreciated reconstruction cost", the market value of a building must be determined as a sum of the following components:…”

Section: Depreciation Cost Approachmentioning

confidence: 99%

Abandoned Industrial Areas with Critical Environmental Pollution: Evaluation Model and Stigma Effect

et al. 2020

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The paper illustrates the phases and results of an evaluation model applied to abandoned industrial areas affected by critical environmental pollution. The main aim is to provide the economic evaluation of the impacts of critical environmental pollution on the market value of the areas, in anticipation of their future requalification and refunctionalization. Firstly, two mass appraisal models are applied: a regressive model in order to isolate the effects of real estate valorization generated by the requalification interventions of the abandoned steel mill areas of Bagnoli in Naples (Italy); an autoregressive model in relation to the chronology of the interventions and the real estate market dynamics, in order to predict values and costs of the building products to be realized on the areas. Subsequently, using the Ellwood model, the irreversible damage suffered by the areas in question due to the effect of critical environmental pollution is estimated. This irreversible damage corresponds to a “stigma” effect, or a loss to property value due to the presence of a risk perception-driven market resistance: for the abandoned steel mill areas of Bagnoli the reduction in the market value is equal to 28.63% approximately. The state of contamination of the areas is also described, estimating the related environmental remediation costs as a “deduction” to be applied to the “capital value” of the areas.

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“…Many foreign and Lithuanian authors have analysed the issues of tangible fixed assets valuation and accounting in detail. Special emphasis is put on determination of the tangible fixed assets acquisition (production) cost, accounting policy development and application of depreciation methods (Juočiūnienė and Stončiuvienė, 2008;Lakis, et al, 2009;Black, 2004;Jackson, Rodger and Tuttler, 2010;Mykolaitienė, et al, 2010;Subačienė and Jakubauskaitė, 2012;Stungurienė and Christauskas, 2013;Kamarauskienė and Subačienė, 2013;Zinkevičienė and Vaišnoraitė, 2014;Liapis and Kantianis, 2015;Del Giudice, Manganelli and De Paola, 2016;Legenzova, Gaigalienė and Vilkaitė, 2016;Matei, Ţole and Stroe, 2017;Kanapickienė, Stankevičiūtė and Grebliunė, 2019;Hilkevics and Semakina, 2019 and others). Whereas a methodology of complex analysis of tangible fixed assets has not been analysed profoundly enough.…”

Section: Introductionmentioning

confidence: 99%

Methodology of complex analysis of tangible fixed assets

Tamulevičienė¹,

Mackevičius²

2019

JESI

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Tangible fixed assets are used in production, provision of services, renting and for administrative purposes. Various internal and external information users are interested in this type of assets. With regards to the significance of such assets, it is very important to carry out their detailed analysis. The article recommends a methodology of complex analysis of tangible fixed assets that consists of the following stages: 1) compositional analysis; 2) structural and dynamic analysis; 3) change analysis; 4) technical condition analysis; 5) usage analysis; 6) profitability analysis. Application of this methodology allows one to objectively assess the condition of the tangible fixed assets and make management decisions in order to use them better and improve the enterprise's activity results.

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Depreciation Methods for Firm’s Assets

Cited by 25 publications

References 9 publications

Using Genetic Algorithms for Real Estate Appraisals

Using Genetic Algorithms for Real Estate Appraisals

Abandoned Industrial Areas with Critical Environmental Pollution: Evaluation Model and Stigma Effect

Methodology of complex analysis of tangible fixed assets

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