Work

A group consensus model for evaluating real estate investment alternatives

Year: 2016

Type: article

Abstract: Individual decision-making largely influences the effectiveness of decisions and benefits of investments. Methods: In this article, a consensus model for group decision-making (GDM), based on the analytic hierarchy process (AHP), is developed to gather group ideas and analyze the real estate investment environment under multi-criteria problems. Twelve evaluation procedures of the developed model, which increase the convergence of the opinions of multiple experts, are proposed. An empirical case about the real estate investment environment is applied to certify the feasibility of this developed model. the evaluation procedures have been fully observed with several rounds of discussions, and have manifested the experiences of experts. Besides, the evaluation results are in accordance with real-world situations, which demonstrates that our developed model is a feasible analysis tool for real estate investors to obtain better profits and lower risk.

Source: Financial Innovation

DOI: 10.1186/s40854-016-0027-8

Authors: Wenshuai Wu, Gang Kou

Institutions: East China Jiaotong University, Sichuan University, Southwestern University of Finance and Economics

Language: English

Topic: Multi-Criteria Decision Making

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: diamond

Funders: National Natural Science Foundation of China, Education Department of Jiangxi Province

Award: 社会信用制度建设的管理理论与实现机制研究