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Using Goal Programming and the Analytic Hierarchy Process in House Selection

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  • Schniederjans, Marc J
  • Hoffman, James J
  • Sirmans, G Stacy

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

Suggested Citation

  • Schniederjans, Marc J & Hoffman, James J & Sirmans, G Stacy, 1995. "Using Goal Programming and the Analytic Hierarchy Process in House Selection," The Journal of Real Estate Finance and Economics, Springer, vol. 11(2), pages 167-176, September.
    • Handle: RePEc:kap:jrefec:v:11:y:1995:i:2:p:167-76
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    Cited by:

    1. Morano, Pierluigi & Tajani, Francesco, 2018. "Saving soil and financial feasibility. A model to support public-private partnerships in the regeneration of abandoned areas," Land Use Policy, Elsevier, vol. 73(C), pages 40-48.
    2. Chia-Lee Yang & Benjamin J. C. Yuan & Chi-Yo Huang, 2015. "Key Determinant Derivations for Information Technology Disaster Recovery Site Selection by the Multi-Criterion Decision Making Method," Sustainability, MDPI, vol. 7(5), pages 1-40, May.
    3. Jerónimo Aznar & Francisco Guijarro & José Moreno-Jiménez, 2011. "Mixed valuation methods: a combined AHP-GP procedure for individual and group multicriteria agricultural valuation," Annals of Operations Research, Springer, vol. 190(1), pages 221-238, October.
    4. Aznar Bellver, Jerónimo & Guijarro Martínez, Francisco & Moreno Jiménez, José María, 2007. "Valoración Agraria multicriterio en un entorno con escasa información/Multicriteria Agricultural Valuation in an Environment with scarce information," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 25, pages 549-572, Abril.
    5. Tajani, Francesco & Morano, Pierluigi & Di Liddo, Felicia, 2020. "The optimal combinations of the eligible functions in multiple property assets enhancement," Land Use Policy, Elsevier, vol. 99(C).

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