A group consensus model for evaluating real estate investment alternatives

Wenshuai Wu () and Gang Kou
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Wenshuai Wu: East China Jiaotong University
Gang Kou: Southwestern University of Finance and Economics

Financial Innovation, 2016, vol. 2, issue 1, 1-10

Abstract: 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. Results 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.

Keywords: Group decision-making; Analytic hierarchy process; Real estate investment; Decision analysis (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (39)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:fininn:v:2:y:2016:i:1:d:10.1186_s40854-016-0027-8

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DOI: 10.1186/s40854-016-0027-8

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