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An application of the TODIM method to the multicriteria rental evaluation of residential properties

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  • Autran Monteiro Gomes, Luiz Flávio
  • Duncan Rangel, LuI´s Alberto

Abstract

This article presents an evaluation study of residential properties carried out together with real estate agents in the city of Volta Redonda, Brazil. The study aimed to define a reference value for the rents of these properties using the TODIM method of Multicriteria Decision Aiding. By applying this method to the ordering of properties with different characteristics, a ranking of all the properties was obtained and, as a result of this, diverse ranges of rental values for the properties under analysis. The study was complemented by an analysis of the sensitivity of the numerical results obtained.

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  • Autran Monteiro Gomes, Luiz Flávio & Duncan Rangel, LuI´s Alberto, 2009. "An application of the TODIM method to the multicriteria rental evaluation of residential properties," European Journal of Operational Research, Elsevier, vol. 193(1), pages 204-211, February.
    • Handle: RePEc:eee:ejores:v:193:y:2009:i:1:p:204-211
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    Cited by:

    1. Dilip Kumar Sen & Saurav Datta & Siba Sankar Mahapatra, 2017. "Decision Support Framework for Selection of 3PL Service Providers: Dominance-Based Approach in Combination with Grey Set Theory," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 16(01), pages 25-57, January.
    2. Yuan-Sheng Lee & Hsu-Shih Shih, 2016. "Incremental analysis for generalized TODIM," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 24(4), pages 901-922, December.
    3. Leoneti, Alexandre Bevilacqua & Gomes, Luiz Flavio Autran Monteiro, 2021. "A novel version of the TODIM method based on the exponential model of prospect theory: The ExpTODIM method," European Journal of Operational Research, Elsevier, vol. 295(3), pages 1042-1055.
    4. Paredes-Frigolett, Harold, 2016. "Modeling the effect of responsible research and innovation in quadruple helix innovation systems," Technological Forecasting and Social Change, Elsevier, vol. 110(C), pages 126-133.
    5. Tseng, Ming-Lang & Lim, Ming K. & Wu, Kuo-Jui, 2019. "Improving the benefits and costs on sustainable supply chain finance under uncertainty," International Journal of Production Economics, Elsevier, vol. 218(C), pages 308-321.
    6. Dilip Kumar Sen & Saurav Datta & Siba Sankar Mahapatra, 2016. "A TODIM-Based Decision Support Framework for G-Resilient Supplier Selection in Fuzzy Environment," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 33(05), pages 1-40, October.
    7. Chen, Rong-Hui & Lin, Yuanhsu & Tseng, Ming-Lang, 2015. "Multicriteria analysis of sustainable development indicators in the construction minerals industry in China," Resources Policy, Elsevier, vol. 46(P1), pages 123-133.
    8. Fernando A. F. Ferreira & Marjan S. Jalali & Paulo Bento & Carla S. E. Marques & João J. M. Ferreira, 2017. "Enhancing individual entrepreneurial orientation measurement using a metacognitive decision making-based framework," International Entrepreneurship and Management Journal, Springer, vol. 13(2), pages 327-346, June.
    9. Jun-Kun Lin & Hung-Lung Lin & William Yu Chung Wang & Ching-Hui Chang & Chin-Tsai Lin, 2020. "An Evaluation Model for Property-Purchasing Plans Based on a Hybrid Multi-Criteria Decision-Making Model," Mathematics, MDPI, vol. 8(6), pages 1-18, May.
    10. Antônio Marcos Duarte Junior & Luiz Carlos Barbosa Medeiros, 2016. "Investing in Private Equity in Brazil," Brazilian Business Review, Fucape Business School, vol. 13(5), pages 51-84, September.
    11. Qian, Xiaohu & Fang, Shu-Cherng & Huang, Min & Wang, Xingwei, 2019. "Winner determination of loss-averse buyers with incomplete information in multiattribute reverse auctions for clean energy device procurement," Energy, Elsevier, vol. 177(C), pages 276-292.
    12. Llamazares, Bonifacio, 2018. "An analysis of the generalized TODIM method," European Journal of Operational Research, Elsevier, vol. 269(3), pages 1041-1049.
    13. Luiz Gomes & Maria Machado & Luis Rangel, 2013. "Behavioral multi-criteria decision analysis: the TODIM method with criteria interactions," Annals of Operations Research, Springer, vol. 211(1), pages 531-548, December.
    14. Marjan S. Jalali & Fernando A. F. Ferreira & João J. M. Ferreira & Ieva Meidutė-Kavaliauskienė, 2016. "Integrating Metacognitive and Psychometric Decision-Making Approaches for Bank Customer Loyalty Measurement," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(04), pages 815-837, July.
    15. Mostafa EKHTIARI & Ehsan YADEGARI & Ghazale SADIDI, 2016. "Ranking Enterpreneurship Main Risks In Non-Profit Financial Funds By Todim Technique Under Grey Conditions (A Case Study In Iran)," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(3), pages 319-336.
    16. Dieudonné Tchuente & Serge Nyawa, 2022. "Real estate price estimation in French cities using geocoding and machine learning," Annals of Operations Research, Springer, vol. 308(1), pages 571-608, January.
    17. Paredes-Frigolett, Harold & Pyka, Andreas & Pereira, Javier & Gomes, Luiz Flávio Autran Monteiro, 2014. "Ranking the performance of national innovation systems in the Iberian Peninsula and Latin America from a neo-Schumpeterian economics perspective," FZID Discussion Papers 95-2014, University of Hohenheim, Center for Research on Innovation and Services (FZID).
    18. Namık Kemal Erdoğan & Ahmet Onay & Çağlar Karamaşa, 2019. "Measuring the Performance of Retailer Firms Listed in BIST under the Balanced Scorecard Perspective by Using Interval Valued Pythagorean Fuzzy AHP Based Pythagorean Fuzzy TODIM Methodology," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 7(2), pages 333-350, December.
    19. Zhou, Jianli & Wu, Yunna & Tao, Yao & Gao, Jianwei & Zhong, Zhiming & Xu, Chuanbo, 2021. "Geographic information big data-driven two-stage optimization model for location decision of hydrogen refueling stations: An empirical study in China," Energy, Elsevier, vol. 225(C).
    20. Qin, Jindong & Liu, Xinwang & Pedrycz, Witold, 2017. "An extended TODIM multi-criteria group decision making method for green supplier selection in interval type-2 fuzzy environment," European Journal of Operational Research, Elsevier, vol. 258(2), pages 626-638.
    21. Maria A. S. Xavier & Fernando A. F. Ferreira & José P. Esperança, 2021. "An intuition-based evaluation framework for social credit applications," Annals of Operations Research, Springer, vol. 296(1), pages 571-590, January.
    22. Weizhang Liang & Suizhi Luo & Guoyan Zhao, 2018. "Evaluation of Cleaner Production for Gold Mines Employing a Hybrid Multi-Criteria Decision Making Approach," Sustainability, MDPI, vol. 11(1), pages 1-20, December.
    23. Zhenyu Zhang & Jie Lin & Huirong Zhang & Shuangsheng Wu & Dapei Jiang, 2020. "Hybrid TODIM Method for Law Enforcement Possibility Evaluation of Judgment Debtor," Mathematics, MDPI, vol. 8(10), pages 1-21, October.
    24. Qin, Quande & Liang, Fuqi & Li, Li & Wei, Yi-Ming, 2017. "Selection of energy performance contracting business models: A behavioral decision-making approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 422-433.

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