Using Goal Programming and the Analytic Hierarchy Process in House Selection

Marc J Schniederjans, James J Hoffman and G Stacy Sirmans

The Journal of Real Estate Finance and Economics, 1995, vol. 11, issue 2, 167-76

Abstract: The house selection process involves an assessment by the buyer of a series of qualitative and quantitative factors. Simple ranking or weighting selection methods utilizing these factors can lead to less than optimal decision making. This paper presents a model to aid in the house selection decision process. Specifically, this paper presents a Goal Programming (GP) model that utilizes the Analytic Hierarchy Process (AHP) to evaluate property attributes and make an optimal house selection decision. The formulation methodology for the proposed house selection modeling process is illustrated with examples based on data from a prior study. Copyright 1995 by Kluwer Academic Publishers

Date: 1995
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The Journal of Real Estate Finance and Economics is currently edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

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