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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.

Suggested Citation

  • 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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    References listed on IDEAS

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    1. Keeney,Ralph L. & Raiffa,Howard, 1993. "Decisions with Multiple Objectives," Cambridge Books, Cambridge University Press, number 9780521438834, April.
    2. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
    3. Bouyssou, Denis, 1986. "Some remarks on the notion of compensation in MCDM," European Journal of Operational Research, Elsevier, vol. 26(1), pages 150-160, July.
    4. Sigrid Stagl, 2004. "Valuation for Sustainable Development: The Role of Multicriteria Evaluation," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 73(1), pages 53-62.
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