Journal Article•
The Grey Fuzzy Comprehensive Evaluation of Financing Risk in Real Estate Investment
TL;DR: This paper uses the grey fuzzy comprehensive evaluation method to evaluate the real estate investment risk and proves that the method is suitable and reliable and will improve the financing risk decision.
Abstract: This paper uses the grey fuzzy comprehensive evaluation method to evaluate the real estate investment risk. It is proved by demonstration that the method is suitable and reliable and will improve the financing risk decision.
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14 Aug 2009
TL;DR: A new model based on the AHM (Analytic hierarchical model) and the fuzzy comprehensive evaluation and it has significance in theory and practice for the risk management of investment.
Abstract: To find an effective method to deal with the uncertainty of the risk management of real estate investment, a new model based on the AHM (Analytic hierarchical model) and the fuzzy comprehensive evaluation was proposed. After the establishment of the index system, the AHM was employed to determine the weight of every index, and the value of the risk was obtained by using the fuzzy set. Engineering practice showed the rationality of the method. This study provides a promising approach for the risk evaluation of real estate investment and it has significance in theory and practice for the risk management of investment.
5 citations
Cites background from "The Grey Fuzzy Comprehensive Evalua..."
...System of risk evaluation of real estate investment The main risk factors of real estate investment are as follow: (1) economic factors: sales cycle, industry competitiveness, economic operation, exchange and interest rate; (2) policy factors: environmental policy, tax policy, financial policy, and industrial policy; (3) location factor; (4) settlement risks: sales return sum, settlement ability, settlement period and so on....
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...) 1 ( 2 − = n n f c i i (3) where i c is the rate of i μ , and∑ = = n...
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...(3) Determination of fuzzy membership matrix of I , it could be identified by the votes of experts....
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17 Sep 2011
TL;DR: To break through conventional method, the calculation of the given demonstration example uses MATLAB 7.8, making the process more simple and quick, and manifested that the experiences of experts can be fully absorbed.
Abstract: Risk evaluation has been an important task for real estate investments in uncertain economic condition In order to find an effective method to deal with the uncertainty of risk evaluation, a model based on the AHP and the Grey system theory was proposed Though an example, we draw the conclusion that the evaluation result is in accordance with the fact To break through conventional method, the calculation of the given demonstration example uses MATLAB 78, making the process more simple and quick The result of the research has manifested that the experiences of experts can be fully absorbed The evaluation results become more accurate and conform to the realistic situation
3 citations
24 Jul 2009
TL;DR: A new method based on the AHM (Analytic hierarchical model) and the fuzzy comprehensive evaluation was proposed and engineering practice and comparison showed the rationality of the method.
Abstract: In order to find an effective method to deal with the uncertainty of the risk evaluation of real estate investment, a new method based on the AHM (Analytic hierarchical model) and the fuzzy comprehensive evaluation was proposed. After the establishment of the evaluation system, the AHM was employed to determine the weight of every index, and the value of the risk was obtained by using the fuzzy set. Engineering practice and comparison with other existing methods showed the rationality of the method. This study provides a promising approach for the risk evaluation of real estate investment and has significance in theory and practice for the risk management of investment.
1 citations
Cites background from "The Grey Fuzzy Comprehensive Evalua..."
...Keywords-risk managmentt; real estate investment;analytic hierarchical mode ;fuzzy set I. INTRODUCTION Now, the risk evaluation of the real estate is more and more important [1-4]....
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...By comprehension of all experts’ advices, the compared judgment matrix between every two indexes which in the overall objects can be gained as following: = 1567 5/1135 6/13/113 7/15/13/11 R (6) According to (2), it can be converted into the form of measurable judgment matrix in AHM ( 2=β ): =′…...
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TL;DR: In this article, the authors proposed a new approach to evaluate property acquisition's risk that does not rely on a standardize appraisal indices analysis, and the proposed Geographical Information System is able to investigate the historical variation of the main real estate market indicators and to let the final user appraise the general level of real estate investment risk.
Abstract: Many economists have identified the main cause of recent global real estate market crisis both in the poor diffusion of systems capable of monitoring the historical property values that in the lack of public awareness about the risks of real estate investments. This paper proposes a new approach to evaluate property acquisition’s risk that does not rely on a standardize appraisal indices analysis. The proposed Geographical Information System is able to investigate the historical variation of the main real estate market indicators and to let the final user appraise the general level of real estate investment risk. The subsequent sections of this paper will discuss about the real strength of the most common literature’s algorithms used to appraise risk in real estate, then it will be explained how inexpensive information technology applications can help to increase the diffusion of awareness related to real estate market conditions. Finally it will be discussed the case of study; conclusions and some considerations about future improvements will close the study.
1 citations