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Development of Decision Support System for House Evaluation and Purchasing

Authors: Pei-Chann Chang, Chia-Yu Hsu, Julaimin Goh

Abstract:

Home is important for Chinese people. Because the information regarding the house attributes and surrounding environments is incomplete in most real estate agency, most house buyers are difficult to consider the overall factors effectively and only can search candidates by sorting-based approach. This study aims to develop a decision support system for housing purchasing, in which surrounding facilities of each house are quantified. Then, all considered house factors and customer preferences are incorporated into Simple Multi-Attribute Ranking Technique (SMART) to support the housing evaluation. To evaluate the validity of proposed approach, an empirical study was conducted from a real estate agency. Based on the customer requirement and preferences, the proposed approach can identify better candidate house with consider the overall house attributes and surrounding facilities.

Keywords: Decision Analysis, Real Estate, Smart, Decision Support System, housing evaluation

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1079256

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