Author_Institution :
Sch. of Econ. & Manage., Beijing Jiaotong Univ., Beijing, China
Abstract :
In addition to considering construction costs, real estate project pricing still needs to consider market condition, socio-economic, natural and physical, road traffic and building situations, the income level of residents as well as the influence of national policy and many other factors, due to extreme complexity, unclarity, difficulty in determinacy and quantization of these factors, in real estate price appraisal process, the only thing can do is to hold main factors, assume some factors remain unchanged or dismiss certain factors for rough calculation or estimation, while such kind of price appraisal by dismissing some factors has fuzzy itself, so fuzzy judgment approach in fuzzy mathematics can be applied for market data comparison process appraisal when making regional factor correction and individual factor correction.
Keywords :
construction; fuzzy set theory; pricing; property market; building situations; construction costs; fuzzy judgment; fuzzy mathematics; individual factor correction; market condition; national policy; real estate price appraisal; real estate project pricing; regional factor correction; road traffic; socioeconomic situations; Appraisal; Costs; Economic forecasting; Fuzzy control; Fuzzy set theory; Fuzzy systems; Mathematics; Pricing; Roads; Weather forecasting; analytic hierarchy process (AHP); fuzzy mathematics; real estate pricing;
