This paper aims to outline the application of Fuzzy Logic in real estate investment. In literature, there is a wide theoretical background on real estate investment decisions, but there has been a lack of empirical support in this regard. For this reason, the paper would fill the gap between theory and practice. The fuzzy logic system is adopted to evaluate the situations of a real estate market with imprecise and vague information. To highlight the applicability of the Possibility Theory, we proceeded to reconsider an example of property investment evaluation through fuzzy logic. The case study concerns the purchase of an office building. The results obtained with Fuzzy Logic have been also compared with those arising from a deterministic approach through the use of crisp numbers.

Valuation of real estate investments through Fuzzy Logic / Del Giudice, Vincenzo; De Paola, Pierfrancesco; Cantisani, Giovanni Battista. - In: BUILDINGS. - ISSN 2075-5309. - 7:1(2017). [10.3390/buildings7010026]

Valuation of real estate investments through Fuzzy Logic

Del Giudice, Vincenzo;De Paola, Pierfrancesco
;
2017

Abstract

This paper aims to outline the application of Fuzzy Logic in real estate investment. In literature, there is a wide theoretical background on real estate investment decisions, but there has been a lack of empirical support in this regard. For this reason, the paper would fill the gap between theory and practice. The fuzzy logic system is adopted to evaluate the situations of a real estate market with imprecise and vague information. To highlight the applicability of the Possibility Theory, we proceeded to reconsider an example of property investment evaluation through fuzzy logic. The case study concerns the purchase of an office building. The results obtained with Fuzzy Logic have been also compared with those arising from a deterministic approach through the use of crisp numbers.
2017
Valuation of real estate investments through Fuzzy Logic / Del Giudice, Vincenzo; De Paola, Pierfrancesco; Cantisani, Giovanni Battista. - In: BUILDINGS. - ISSN 2075-5309. - 7:1(2017). [10.3390/buildings7010026]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/714243
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