scholarly journals Exploring Tools for Public Real Estate Enhancement in Italy: From Criteria to Decisions

2021 ◽  
Vol 13 (2) ◽  
pp. 622
Author(s):  
Marzia Morena ◽  
Genny Cia ◽  
Alessandra Migliore ◽  
Stefano Mantella
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Public Administration ◽  
Public Utility ◽  
Decision Making Process ◽  
Public And Private ◽  
The Real Estate ◽  
The Public ◽  
Public Property ◽  
Technical Features

The debate on public real estate enhancement is prominent and requires innovative strategies to assure economic and social sustainability. This article aims at systematizing the currently available methods and tools of public property enhancement in Italy, proposing a system of criteria to support the public administration (PA) in the decision-making process when managing public real estate enhancement oriented towards public utility. Namely, this article considers and assesses consolidated and innovative public real estate enhancement methods and tools currently available to the Italian PA according to the “endogenous criteria” of the real estate tools and “criteria of purpose” of the public administration promoting the enhancement process. The final aim is to support the decision-making process of PAs and help both public and private actors in grasping and managing the complexity of public real estate enhancement. An overview of the literature and of reference laws on public property enhancement builds the research framework, together with a path of research, dialogues, and fieldworks with the Italian State Property Agency (Agenzia del Demanio). The decision-making process of PAs for selecting a suitable enhancement strategy or tool should rest on endogenous criteria and criteria of purpose. Specifically: (i) the distinct technical features of each public asset; (ii) the public utility aim that the public entity intends to pursue; (iii) the needs of the community (i.e., the demand); (iv) the skills available within the PA that promotes the strategy.

scholarly journals An Analysis of Preferences in Housing Demand by Means of a Multicriteria Methodology (AHP). A More Sustainable Approach

2021 ◽  
Vol 13 (14) ◽  
pp. 7550
Author(s):  
Roberto Cervelló-Royo ◽  
Marina Segura ◽  
Regina García-Pérez ◽  
Baldomero Segura-García del Río
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Real Estate Market ◽  
Housing Demand ◽  
Decision Making Process ◽  
Analytic Hierarchy ◽  
The Real Estate ◽  
Qualitative Relationship ◽  
Key Aspects ◽  
Housing Attributes

This paper examines key aspects of the behavior of housing demand from a sustainable standpoint. Most studies have mainly focused on housing supply, looking at quantitative predictions without considering the qualitative relationship found between housing values and housing demand on a sustainable and microeconomic scale. We used a multicriteria decision methodology (analytic hierarchy process—AHP) for the analysis of preferences in demand, based on the theory of multi-attribute utility of housing, to determine the relative importance of each characteristic of housing and its influence on the decision-making process. For this purpose, we carried out the study over three main groups of stakeholders in the housing market: real estate surveyors, real estate agents, and housing buyers (the latter representing the housing demand). Results show that although there might be some slight discrepancies among the three groups in the decision-making process and the weighting of housing attributes, the three groups agree in most of the process, especially when defining the criteria and the importance that each criterion has on the process of valuation. This study provides important managerial and sustainable implications for the real estate market related to urban public policy, as we highlight which criteria are most preferred.

scholarly journals Exploration of Silence's Motives Towards the Work Decisions: The Case of Jordanian Public and Private Schools

2019 ◽  
Vol 9 (1) ◽  
pp. 266
Author(s):  
Osama Khaled Alkhlaifat
Keyword(s):  
Decision Making ◽  
Private Schools ◽  
Human Resources Management ◽  
Point Of View ◽  
Decision Making Process ◽  
Structured Interviews ◽  
Public And Private ◽  
The Public ◽  
Work Related ◽  
Last Stage

The aim of this study has been to investigate and provide a deeper understanding of the motives of silence towards the participation in the work-related decisions, in both the public and private schools in the Jordanian capital (Amman). ‘100’ teachers were interviewed using the semi-structured interviews through the available communication means. The pre-set questions were directed to the sample of the study to identify both the situations related to the decisions and motives leading to silence and non-participation from the respondents' point of view. The motives were classified according to the factors to which they belong, as well as the situations were classified according to each stage of the decision-making process, where some specialists in the field of human resources management had been asked to help in accomplishing the classification. The results showed that the largest percentage of respondents faced at least one situation in which they chose to remain silent. Most of the situations mentioned were related to the first and last stage of decision-making process (identifying the problem and following up the decision). The results also showed that most of the motives were related to the organizational practices by the officials, where the total iteration is twice as the personal motives.

scholarly journals Influence of children in real estate family purchase decision-making context

2020 ◽  
Vol 18 (3) ◽  
pp. 211-217
Author(s):  
I. Kancheva
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Purchase Decision ◽  
Decision Making Process ◽  
Final Phase ◽  
Convenience Sample ◽  
Frequency Distributions ◽  
The Real Estate ◽  
Paired Samples ◽  
The Family

Purpose: Children play a significant role as active participants in different markets through their own spending power. They are also able to exert considerable influence – explicit or implicit - over other family members’ consumer behavior. The combination of various spatial, structural, financial and practical aspects place the purchase of a real estate among the most complex for the family. The objective of the present paper is to reveal the degree and form of children’s influence throughout family real estate purchase decision-making process. Methods: This paper represents the results of an empirical study focused on parental perceptions of children’s influence in a family real estate purchase. Data were gathered using a convenience sample of 286 respondents – 156 men and 130 women from different Bulgarian families. Frequency distributions, analysis of variance, paired samples and independent samples t-test were applied for the aims of the analysis. Results: Children are found to exert moderate indirect influence throughout the family real estate purchase. They are most influential in the final phase of the real estate purchase decision-making process. Although high influence scores are detected in some attributive decisions, children are found least influential over choices related to technical and financial aspects of the purchase.

scholarly journals Transparency of the decision-making process during the Coronavirus pandemic

2021 ◽  
pp. 81-97
Author(s):  
Irina Ciacir ◽  
◽  
Ecaterina Subina ◽  
Keyword(s):  
Decision Making ◽  
Public Administration ◽  
Decision Making Process ◽  
The European Union ◽  
The Public ◽  
Republic Of Moldova ◽  
Communication Problems ◽  
Short Period ◽  
The Republic

2020 is a year of global change. The spread of the COVID-19 virus was an impetus for transformation. The entire globe confronts impediments hard-to-anticipate, but who endangers people’s life. This article refers to the transparency of the decision-making process in the pandemic period. Also, it is explained the communication problems that can appear in complicated situations between the public administration and the citizen. Both the authorities of the European Union, in general, and of the Republic of Moldova, in particular, encounter social problems, which must be resolved in a very short period. Many decisions must be made promptly and unforeseen. It is important that this process does not affect the quality of public services provided and does not infringe on the rights of citizens. Thus, the decision-making process must be transparent and accessible to citizens

Information Economics: A Practical Approach to Valuing Information Systems

1992 ◽  
Vol 7 (3) ◽  
pp. 169-176 ◽  
Author(s):  
Devra Wiseman
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Case Studies ◽  
Value Of Information ◽  
Information Economics ◽  
Scoring Systems ◽  
Decision Making Process ◽  
Public And Private ◽  
The Public ◽  
Technology Managers

This paper describes an approach to analysing the value of information systems to an enterprise, and the risks that the value will not be realised. The approach is called Information Economics (IE). A key use is to prioritize investments in information systems. It brings together business and technology managers, by providing, at one level, a tool they can use for scoring systems. At another level, it offers a decision-making process that provides a number of key benefits, such as improved communications. Two case studies, from the public and private sectors, show two different, practical uses of the Information Economics approach, and how it can be adapted to different organizations.

scholarly journals The public interests - local administrative decision - making process relationship in the countries of the European Union: comparative study

Moldoscopie ◽  
2021 ◽  
Author(s):  
Victor Saca ◽  
◽  
Tatiana Bogos ◽  
Keyword(s):  
Decision Making ◽  
Public Administration ◽  
Decision Making Process ◽  
The European Union ◽  
Public Interests ◽  
Good Practices ◽  
The Public ◽  
The Republic ◽  
Community Space

The article proposed for publication is analysing the relation between the public interest and the local administrative decisional process in the countries from the European neighbourhood area. The author emphasises the importance of the good practices in the Republic of Moldova. The local public administration represents the main attributes of a democatice society. This is the level that actually forms the good practices of democracy and these determine the role of the local authorities, which have a considerable importance in the administrative system. The tendency of the states to modernization creates the premises for the elaboration of the local public administration standards, and creates the common principles of organisation and functioning of the public administration, defined by law and applied into practice. Identifying a suitable and effective model for organising and improving this collaboration relation is the first goal. In this context, the article is analysing the structure of local public administration, the emphasis being on the relation of the public interests-decision-making process in different states of the community space. The author finds that this relation differs from one state to another, depending on the specific features in each state. The principle of decentralization and local autonomy is what underlies the strengthening of local public administrations in different countries.

scholarly journals Technologies To Improve The Decision-Making Process Of Real Estate Appraisers: XML, Intelligent Agents, Avms, And Web Services

2011 ◽  
Vol 1 (6) ◽  
Author(s):  
Timothy H. Greer ◽  
Mirza B. Murtaza
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Web Services ◽  
Intelligent Agents ◽  
New Technologies ◽  
Decision Making Process ◽  
Residential Real Estate ◽  
The Real Estate ◽  
Time Required ◽  
Automated Valuation

<p class="MsoBlockText" style="margin: 0in 0.5in 0pt 1in;"><span style="font-style: normal; mso-bidi-font-style: italic;"><span style="font-size: x-small;"><span style="font-family: Times New Roman;">Pressure to expedite mortgage originations has prompted the need to accelerate the appraisal process for residential real estate.<span style="mso-spacerun: yes;">&nbsp; </span>The appraisal aspect of a mortgage origination is one area where decision support can play a major role in redefining the process. This study presents propositions that incorporate new technologies into the decision-making process of a residential real estate appraiser.<span style="mso-spacerun: yes;">&nbsp; </span>The four propositions deal with intelligent agents, XML, automated valuation models (AVMs), and web services. Intelligent agents have the ability to redefine how appraisal firms create, maintain, and update their databases.<span style="mso-spacerun: yes;">&nbsp; </span>XML offers enhanced data handling capabilities, while automated valuation models offer the ability to drastically reduce the time required to render an estimate of value. These two technologies can be combined with web services to make the real estate appraisal application available anywhere and anytime of the day.</span></span></span></p>

scholarly journals Problems of Real Estate Management with Respect to Claims for Restitution of Expropriated Properties

2018 ◽  
Vol 26 (3) ◽  
pp. 105-112 ◽  
Author(s):  
Anna Trembecka ◽  
Anita Kwartnik-Pruc
Keyword(s):  
Real Estate ◽  
Research Paper ◽  
Property Management ◽  
The Real Estate ◽  
The Public ◽  
Public Property ◽  
Property Owners ◽  
Estate Management ◽  
Real Estate Management ◽  
Executive Body

Abstract This research paper discusses the issue of the influence of claims for restitution of expropriated real properties on the process of managing public property. Owners of expropriated properties in Poland are protected in the real estate management process. It consists in the legislator imposing an obligation on the public legal entity to notify the entitled persons about the possibility to seek restitution of their properties if the intended purpose of expropriation has not been implemented and if the property is planned to be used for other purposes by the executive body. The thesis of this research paper is the statement that current legal regulations, in particular as regards the obligation to notify former owners, bring about problems in the process of the managing real estate owned by the State Treasury and local government units. The objective of this research paper is to identify problems in the process of public property management with respect to the rights of former owners to seek restitution of expropriated properties. Amendments to the regulations on real estate restitution were proposed in order to streamline the processes of rational real estate management, while respecting the principle of protecting property rights.

Asset allocation decision-making practices of institutional real estate funds in a developing economy

2019 ◽  
Vol 38 (3) ◽  
pp. 457-477
Author(s):  
Benjamin Gbolahan Ekemode ◽  
Abel Olaleye
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Asset Allocation ◽  
Investment Decisions ◽  
Decision Making Process ◽  
Allocation Decision ◽  
Real Estate Investment ◽  
Content Type ◽  
The Real ◽  
The Real Estate

Purpose In a bid to broaden the understanding of the real estate investment decision-making framework, the purpose of this paper is to examine the real estate asset allocation decision-making practices of real estate funds in Nigeria, a developing economy. This is with a view to providing information toward enhancing real estate investment decisions. Design/methodology/approach A mixed-methods approach comprising a combination of literature review, expert interviews and semi-structured questionnaire survey is adopted for this study. Through literature review and expert interviews, the asset allocation decision-making process of institutional real estate funds was identified. Based on the literature review and expert discussions, a semi-structured questionnaire was developed and self-administered on fund/portfolio managers of 59 institutional real estate funds in Nigeria to investigate their asset allocation decision-making practice. Data were analyzed using descriptive and inferential statistics for the closed-ended questions while the open-ended questions were content analyzed. Findings The findings revealed that the asset allocation decision-making process utilized by public and private real estate funds follows an opportunistic asset accumulation approach. The decision-making process also varies depending on the nature of the fund. Further findings showed that government policies, political uncertainties and regulatory mechanism motivate asset allocation decisions. Moreover, majority of the sampled real estate funds employed a combination of in-house personnel and external consultants (hybrid), while mean/standard deviation and cash flow analysis (DCF, NPV) were mostly utilized by the funds in making property investment decisions. Practical implications The findings implied that the real estate asset allocation decision-making process of institutional property investors in Nigeria deviates from the normative model of the asset allocation process prescribed in the literature and varies depending on the nature of the real estate funds. As such, familiarization of institutional investors with government policies, political climate and other regulatory mechanism (barriers to entry) guiding the ownership and operation of real estate assets in the country could improve their real estate investment decisions. Originality/value The study complements and extends existing literature on real estate asset allocation decision-making process of institutional investors from the viewpoint of the actors involved in a developing African economy.

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