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An interactive decision support method for real estate management in a multi-criteria framework – REMIND

    Franck Taillandier Affiliation
    ; Irène Abi-Zeid Affiliation
    ; Patrick Taillandier Affiliation
    ; Gérard Sauce Affiliation
    ; Régis Bonetto Affiliation

Abstract

Managing a housing stock involves complex decision making such as the design of a multiyear action plan pertaining to the maintenance and upgrading of the properties. In order to address this problem, we developed a novel interactive decision support method (REMIND) to assist a housing stock manager in the progressive design and choice of a multiyear action plan based on multiple criteria. It uses a filtering approach both at the individual action level and at the global scenario level where the housing stock manager can gradually express preferences and conduct what-if analyses. An optimization component based on Tabu search allows the decision-maker to obtain a set of good plans from which he can choose the one to implement. The quality of a plan is defined in terms of how well it meets the goals on each criterion. The application of the method was tested in a leading French property management company.

Keyword : Decision support, Multiyear action plan, Simulation, Strategic housing stock management, Optimization

How to Cite
Taillandier, F., Abi-Zeid, I., Taillandier, P., Sauce, G., & Bonetto, R. (2014). An interactive decision support method for real estate management in a multi-criteria framework – REMIND. International Journal of Strategic Property Management, 18(3), 265-278. https://doi.org/10.3846/1648715X.2014.941432
Published in Issue
Sep 18, 2014
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