A group consensus model for evaluating real estate investment alternatives

Artikel

Background: 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. Result: An empirical case about the real estate investment environment is applied to certify the feasibility of this developed model. Conclusions: 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Financial Innovation ; ISSN: 2199-4730 ; Volume: 2 ; Year: 2016 ; Issue: 8 ; Pages: 1-10 ; Heidelberg: Springer

Classification and Topics

• Classification: Management
• Subject: Group decision-making ; Analytic hierarchy process ; Real estate investment ; Decision analysis

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Wu, Wenshuai ; Kou, Gang
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2016

Further information

• DOI: doi:10.1186/s40854-016-0027-8
• Handle: http://hdl.handle.net/10419/176419
• Last update: 10.03.2025, 11:44 AM CET