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An application of the TODIM method to the multicriteria rental evaluation of residential properties
Authors:Luiz Flávio Autran Monteiro Gomes  Lu?´s Alberto Duncan Rangel
Institution:1. Ibmec/RJ, Business Administration, Av. Presidente Wilson 118, 20030-020 Rio de Janeiro, RJ, Brazil;2. School of Industrial and Metallurgical Engineering, Fluminense Federal University, Av. dos Trabalhadores 420, 27255-125 Volta Redonda, RJ, Brazil
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.
Keywords:Multiple criteria analysis  Real estate market  Prospect theory
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