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Defining the utility and market value of a real estate: A multiple criteria approach

    Artūras Kaklauskas Affiliation
    ; Edmundas K. Zavadskas Affiliation
    ; Audrius Banaitis Affiliation
    ; Gintautas Šatkauskas Affiliation

Abstract

This paper considers the application of methodology for the defining the utility and market value of a real estate. The theoretical basis of the methodology is developed. The proposed methods, the method of multiple criteria complex proportional assessment (COPRAS) and the method of defining the utility and market value of a real estate assume the dependence of priority, utility degree and value of investigated versions on a system of criteria adequately describing the alternatives and their direct proportionality to the values and weights of these criteria. The procedure of the defining the utility and market value of a real estate is discussed using an example.


First published online: 18 Oct 2010

Keyword : Multiple criteria analysis, Utility and market value, Real estate

How to Cite
Kaklauskas, A., Zavadskas, E. K., Banaitis, A., & Šatkauskas, G. (2010). Defining the utility and market value of a real estate: A multiple criteria approach. International Journal of Strategic Property Management, 11(2), 107-120. https://doi.org/10.3846/1648715X.2007.9637564
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Oct 18, 2010
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This work is licensed under a Creative Commons Attribution 4.0 International License.