Publication detail

The Use of Decision Theory in the Business Geography

BARTONĚK, D. DERMEKOVÁ, S.

Original Title

The Use of Decision Theory in the Business Geography

Type

journal article in Web of Science

Language

English

Original Abstract

The paper deals with the use application of the theory of decision making for the real estate market oriented to business geography. The advantage is the optimization of input data and selects the best variant in combination with strategies in spatial decision making. The added value is the transparent solution of the decision-making process between stakeholders in the property market. The article proposes the evaluation process which is user oriented and consists of several multi-criteria methods. In this paper the authors proposed a mathematical model which includes input data containing hypothesis of the stakeholders (input criteria) and output data representing proposed variants for different solutions. A team of experts and stakeholders sett importance of the various criteria and thus determine the values of weights for their quantification. These parameters are determined in the model as the main criteria for strategic planning in the real estate engineering. The weights are also numerically quantified using different methods of decision theory. Spatial analyses create an important part of this method. Spatial analyses serve as an attractive cartographic presentation of the project to users appearing in the real estate market using static and of interactive maps. Graphically and numerically multi-criteria analyses are presented as the final result which report analyzing the effectiveness of various factors. These factors affect the real estate market and the price of real estate. From an economic point of view, it is possible to determine these factors by the supply and demand for a particular type of property. The proposed method is a new approach to comprehensive evaluation criteria for the purposes of the real estate market. The existing MCDA methods are integrated into one unit and evaluated through an optimal variant

Keywords

real estate market, multi-criteria analysis, business geography.

Authors

BARTONĚK, D.; DERMEKOVÁ, S.

RIV year

2015

Released

1. 3. 2015

Publisher

Advanced Science Letters, American Scientific Publishers

Location

USA

ISBN

1936-6612

Periodical

ADV SCI LETT

Year of study

21

Number

1

State

United States of America

Pages from

88

Pages to

92

Pages count

5

URL

http://www.researchgate.net/publication/273707133_The_Use_of_Decision_Theory_in_the_Business_Geography

BibTex

@article{BUT113125,
  author="Dalibor {Bartoněk} and Stanislava {Viktorová}",
  title="The Use of Decision Theory in the Business Geography",
  journal="ADV SCI LETT",
  year="2015",
  volume="21",
  number="1",
  pages="88--92",
  doi="10.1166/asl.2015.5746",
  issn="1936-6612",
  url="http://www.researchgate.net/publication/273707133_The_Use_of_Decision_Theory_in_the_Business_Geography"
}