Background: Individual decision-making largely influences the effectiveness of decisions and benefits of investments. Methods: In this article, a consensus model for group decision-making (GDM), based on the analytic hierarchy process (AHP), is developed to gather group ideas and analyze the real estate investment environment under multi-criteria problems. Twelve evaluation procedures of the developed model, which increase the convergence of the opinions of multiple experts, are proposed. Results: An empirical case about the real estate investment environment is applied to certify the feasibility of this developed model. Conclusions: the evaluation procedures have been fully observed with several rounds of discussions, and have manifested the experiences of experts. Besides, the evaluation results are in accordance with real-world situations, which demonstrates that our developed model is a feasible analysis tool for real estate investors to obtain better profits and lower risk.
CITATION STYLE
Wu, W., & Kou, G. (2016). A group consensus model for evaluating real estate investment alternatives. Financial Innovation, 2(1). https://doi.org/10.1186/s40854-016-0027-8
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