Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/176419 
Year of Publication: 
2016
Citation: 
[Journal:] Financial Innovation [ISSN:] 2199-4730 [Volume:] 2 [Issue:] 8 [Publisher:] Springer [Place:] Heidelberg [Year:] 2016 [Pages:] 1-10
Publisher: 
Springer, Heidelberg
Abstract: 
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.
Subjects: 
Group decision-making
Analytic hierarchy process
Real estate investment
Decision analysis
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.