Determination of efficiency of investments in construction
Decision making is associated with ranking problems aimed to obtain a set of preference order of solutions. People can make mistakes choosing the best object for investments. Due to high cost of such mistakes, such a choice should be well founded. A major goal of paper is to develop a theoretical ba...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2004-03-01
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| Series: | International Journal of Strategic Property Management |
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| Online Access: | https://www.bme.vgtu.lt/index.php/IJSPM/article/view/7282 |
| _version_ | 1818380271586639872 |
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| author | Leonas Ustinovichius |
| author_facet | Leonas Ustinovichius |
| author_sort | Leonas Ustinovichius |
| collection | DOAJ |
| description | Decision making is associated with ranking problems aimed to obtain a set of preference order of solutions. People can make mistakes choosing the best object for investments. Due to high cost of such mistakes, such a choice should be well founded. A major goal of paper is to develop a theoretical basis for creating a decision support system aimed to increase building construction and reconstruction investment efficiency by applying multiattribute decision making approaches and mathematical modelling. To achieve the goal, the following problems have to be solved: to analyse new models currently used in developing investment strategies in building construction and reconstruction, to make a classification of construction investment projects and to describe the stages of determining the efficiency of construction investments, to create a family of multiattribute decision methods to be used in the analysis of investment projects in building construction and reconstruction, to create multiple attribute decision support system based on the multiattribute methods developed for determining the efficiency of construction and reconstruction investment projects.
First Published online: 18 Oct 2010 |
| first_indexed | 2024-12-14T02:16:02Z |
| format | Article |
| id | doaj.art-9170b07d61be42dbab1733dbdf58ee72 |
| institution | Directory Open Access Journal |
| issn | 1648-715X 1648-9179 |
| language | English |
| last_indexed | 2024-12-14T02:16:02Z |
| publishDate | 2004-03-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | International Journal of Strategic Property Management |
| spelling | doaj.art-9170b07d61be42dbab1733dbdf58ee722022-12-21T23:20:37ZengVilnius Gediminas Technical UniversityInternational Journal of Strategic Property Management1648-715X1648-91792004-03-018110.3846/1648715X.2004.9637505Determination of efficiency of investments in constructionLeonas Ustinovichius0Department of Building Technology and Management , Vilnius Gediminas Technical University , Sauletekio al. 11, Vilnius, LT‐10223, LithuaniaDecision making is associated with ranking problems aimed to obtain a set of preference order of solutions. People can make mistakes choosing the best object for investments. Due to high cost of such mistakes, such a choice should be well founded. A major goal of paper is to develop a theoretical basis for creating a decision support system aimed to increase building construction and reconstruction investment efficiency by applying multiattribute decision making approaches and mathematical modelling. To achieve the goal, the following problems have to be solved: to analyse new models currently used in developing investment strategies in building construction and reconstruction, to make a classification of construction investment projects and to describe the stages of determining the efficiency of construction investments, to create a family of multiattribute decision methods to be used in the analysis of investment projects in building construction and reconstruction, to create multiple attribute decision support system based on the multiattribute methods developed for determining the efficiency of construction and reconstruction investment projects. First Published online: 18 Oct 2010https://www.bme.vgtu.lt/index.php/IJSPM/article/view/7282Building construction and reconstructionInvestment efficiencyDecision‐making problemsMultiattribute decision methodsMultiple attribute decision support system |
| spellingShingle | Leonas Ustinovichius Determination of efficiency of investments in construction International Journal of Strategic Property Management Building construction and reconstruction Investment efficiency Decision‐making problems Multiattribute decision methods Multiple attribute decision support system |
| title | Determination of efficiency of investments in construction |
| title_full | Determination of efficiency of investments in construction |
| title_fullStr | Determination of efficiency of investments in construction |
| title_full_unstemmed | Determination of efficiency of investments in construction |
| title_short | Determination of efficiency of investments in construction |
| title_sort | determination of efficiency of investments in construction |
| topic | Building construction and reconstruction Investment efficiency Decision‐making problems Multiattribute decision methods Multiple attribute decision support system |
| url | https://www.bme.vgtu.lt/index.php/IJSPM/article/view/7282 |
| work_keys_str_mv | AT leonasustinovichius determinationofefficiencyofinvestmentsinconstruction |