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Streamlining of the Process of Decision-Making in Real Estate Management with Incomplete Information

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  • Renigier-Biłozor Małgorzata

    (Faculty of Geodesy, Geospatial and Civil Engineering, University of Warmia and Mazury in Olsztyn)

  • Biłozor Andrzej

    (Faculty of Geodesy, Geospatial and Civil Engineering, University of Warmia and Mazury in Olsztyn)

  • Napiórkowska-Baryła Agnieszka

    (Faculty of Econonomics, University of Warmia and Mazury in Olsztyn)

Abstract

This paper presents a streamlined sub-system of decision-making in a real estate market with incomplete data. As we currently observe, various entities collect data and use databases, which entails a problem with their quality and completeness. This results from the specifics of the real estate market, particularly from the nature of the available information, access to it and integral uncertainty.

Suggested Citation

  • Renigier-Biłozor Małgorzata & Biłozor Andrzej & Napiórkowska-Baryła Agnieszka, 2016. "Streamlining of the Process of Decision-Making in Real Estate Management with Incomplete Information," Real Estate Management and Valuation, Sciendo, vol. 24(1), pages 64-75, March.
    • Handle: RePEc:vrs:remava:v:24:y:2016:i:1:p:64-75:n:6
    DOI: 10.1515/remav-2016-0006
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