Real estate appraisal: A double perspective data envelopment analysis approach

被引:36
|
作者
Lins, MPE
Novaes, LFD
Legey, LFL
机构
[1] Univ Fed Rio de Janeiro, Prod Engn Program, Rio De Janeiro, Brazil
[2] Univ Fed Rio de Janeiro, COPPE, Energy Planning Program, BR-21941 Rio De Janeiro, Brazil
关键词
data envelopment analysis; double perspective; production frontier; real estate; value assessment;
D O I
10.1007/s10479-005-2446-1
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
This paper proposes a new methodology for the assessment of the value range for real estate units. The theoretical basis of the methodology is built on the Data Envelopment Analysis-DEA approach, which has its original concept adapted to the case where the units under assessment consist of transactions among sellers and buyers. The proposed approach-christened Double Perspective-Data Envelopment Analysis (DP-DEA)-is applied to a database comprising the prices and features of the units under assessment. It is shown that the DP-DEA presents some specific advantages when compared to the usual regression analysis method employed in real estate value assessment.
引用
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页码:79 / 96
页数:18
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