This paper deals with a multiple criteria analysis model for real estate appraisal. The model was created by Kettani O., Oral M. e Siskos Y. in the late 1990's, but has yet to be used in Italy. The model is pluri-equational and uses a linear programming. As the equations used are all univariate and do not have endogenous variables except those that every relation tries to explain; the application of the model allows the problem of the identification as well as the simultaneous valuation of the parameters to be overcome, with the problem being known as the "curse of dimensionality". The model is tested on a particular case and is compared to the multiple regression analysis. The experiment has highlighted the greater reliability of the results of the model as well as the visible advantages of the reduction of the basic hypothesis. The best performance comes from the main deductive component which leads to an enhanced capability of interpreting the case studied.

Modelli di stima nel mercato immobiliare: l'utilizzazione della programmazione lineare

MANGANELLI, BENEDETTO;
2009-01-01

Abstract

This paper deals with a multiple criteria analysis model for real estate appraisal. The model was created by Kettani O., Oral M. e Siskos Y. in the late 1990's, but has yet to be used in Italy. The model is pluri-equational and uses a linear programming. As the equations used are all univariate and do not have endogenous variables except those that every relation tries to explain; the application of the model allows the problem of the identification as well as the simultaneous valuation of the parameters to be overcome, with the problem being known as the "curse of dimensionality". The model is tested on a particular case and is compared to the multiple regression analysis. The experiment has highlighted the greater reliability of the results of the model as well as the visible advantages of the reduction of the basic hypothesis. The best performance comes from the main deductive component which leads to an enhanced capability of interpreting the case studied.
2009
File in questo prodotto:
File Dimensione Formato  
articolo_Valori e Valutazioni n.3.pdf

non disponibili

Tipologia: Documento in Post-print
Licenza: DRM non definito
Dimensione 1.98 MB
Formato Adobe PDF
1.98 MB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11563/6453
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact