Abstract
The importance of CRE decision-making, in particular the link through to the strategic decision making of the firm, has been recognised in a number of papers over the last 30 years. However, whilst some papers have focussed on the alignment of CRE and others on specific issues such as acquisitions, there is a paucity of research on the CRE decision-making process itself and the behaviour of the decision-maker. A semi-structured interview technique (Causal Network Elicitation Technique) is used to investigate the Mental Representation adopted by CRE decision-makers when faced with a particular scenario. The technique uses Decision Network, an extension of Bayesian Belief Network methodology, as a mechanism for making inferences. A Causal Network is developed to identify, decision, situational, attribute and benefit variables, together with utility weights to represent the Mental Representation of the decision maker’s decision.
Original language | English |
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Number of pages | 14 |
Publication status | Published - 4 Jul 2019 |
Event | 26th Annual Conference of the European Real Estate Society (ERES 2019) - Cergy-Pontoise Cedex, France Duration: 3 Jul 2019 → 6 Jul 2019 Conference number: 26 https://www.eres.org/index.php/annual-conferences |
Conference
Conference | 26th Annual Conference of the European Real Estate Society (ERES 2019) |
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Abbreviated title | ERES 2019 |
Country/Territory | France |
City | Cergy-Pontoise Cedex |
Period | 3/07/19 → 6/07/19 |
Internet address |
Keywords
- CRE
- decision-making logic