Residential market ratings using fuzzy logic decision-making procedures
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2018, Vol 31, Issue 1
Abstract
The recent global financial crisis has highlighted the important role that the real estate market plays in the global economy. The specific character of the real estate market, the availability of market information and the sudden, unpredictable changes that often occur in that market, as well as investments, are affected by considerable risks and uncertainties. Objective monitoring of the real estate market is a requirement to maintain balance, increase security and minimise the risk of crises in urban spaces. One solution is to analyse and monitor the markets continuously, using comprehensive classification. In this paper, the authors propose the creation of a decision-making support system based on an analysis of the condition of real estate markets using ratings. The proposed procedure employs decision-making theory, data mining technology (Rough Set Theory and Value Tolerance Relation fuzzy theory) and rating scoring analysis.
Authors and Affiliations
Małgorzata Renigier-Biłozor, Andrzej Biłozor, Maurizo d’Amato
Keywords
Related Articles
- EP ID EP543748
- DOI 10.1080/1331677X.2018.1484785
- Views 41
- Downloads 0
Time varying causality between stock market and exchange rate: evidence from Turkey, Japan and England
In this study, the relationship between exchange rates and stock market indices in Turkey, Japan and England was analysed by using the time varying causality test. First, by the Kapetanios unit root test that allows dete...
Managing petroleum sector performance – a sustainable administrative design
Countries all around the world use energy policy to achieve access to energy resources, such as natural gas and oil, which can lead to energy security and self-sufficiency as well as economic growth and geo-political adv...
Comparing the innovation performance of EU candidate countries: an entropy-based TOPSIS approach
innovation is important for countries in the competitive global economy. It is one of the main criteria for countries to be superior, to remain competitive, and to produce high technology products. Countries allocate dif...
Upgraded data envelopment analysis model application for total productivity comparison in major airports of the European Union
In order to compare the productivity of airports different scientific approaches are used by various authors. Previous research has shown wide application of the data envelopment analysis (D.E.A.) model for productivity...
Differences in consumer decision-making styles among selected south-east European countries
Fast changes in retailing and complex consumer decision-making processes have increased the need for additional investigation of differences and similarities in consumer decision-making styles (CDMS) in various countries...