The Use of Decision Theory in the Business Geography

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F63468352%3A_____%2F15%3A%230000441" target="_blank" >RIV/63468352:_____/15:#0000441 - isvavai.cz</a>

Alternative codes found

RIV/00216305:26110/15:PU113159

Result on the web

<a href="http://dx.doi.org/10.1166/asl.2015.5746" target="_blank" >http://dx.doi.org/10.1166/asl.2015.5746</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1166/asl.2015.5746" target="_blank" >10.1166/asl.2015.5746</a>

Result language

angličtina

Original language name

The Use of Decision Theory in the Business Geography

Original language description

The paper deals with the use application of the theory of decision making for the real estate market oriented to business geography. The advantage is the optimization of input data and selects the best variant in combination with strategies in spatial decision making. The added value is the transparent solution of the decision-making process between stakeholders in the property market. The article proposes the evaluation process which is user oriented and consists of several multi-criteria methods. In this paper the authors proposed a mathematical model which includes input data containing hypothesis of the stakeholders (input criteria) and output data representing proposed variants for different solutions. A team of experts and stakeholders sett importance of the various criteria and thus determine the values of weights for their quantification. These parameters are determined in the model as the main criteria for strategic planning in the real estate engineering. The weights are also numerically quantified using different methods of decision theory. Spatial analyses create an important part of this method. Spatial analyses serve as an attractive cartographic presentation of the project to users appearing in the real estate market using static and of interactive maps. Graphically and numerically multi-criteria analyses are presented as the final result which report analyzing the effectiveness of various factors. These factors affect the real estate market and the price of real estate. From an economic point of view, it is possible to determine these factors by the supply and demand for a particular type of property. The proposed method is a new approach to comprehensive evaluation criteria for the purposes of the real estate market. The existing MCDA methods are integrated into one unit and evaluated through an optimal variant.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

IN - Informatics

OECD FORD branch

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Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

ADV SCI LETT

ISSN

1936-6612

e-ISSN

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Volume of the periodical

21

Issue of the periodical within the volume

1

Country of publishing house

US - UNITED STATES

Number of pages

5

Pages from-to

88-92

UT code for WoS article

000355157000021

EID of the result in the Scopus database

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