An investigation of the operation of corporate real estate decision-making

Research output: Contribution to conferenceAbstractAcademic

11 Downloads (Pure)

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 languageEnglish
Number of pages14
Publication statusPublished - 4 Jul 2019
Event26th Annual Conference of the European Real Estate Society (ERES2019) - Cergy-Pontoise Cedex, France
Duration: 3 Jul 20196 Jul 2019
Conference number: 26
https://www.eres.org/index.php/annual-conferences

Conference

Conference26th Annual Conference of the European Real Estate Society (ERES2019)
Abbreviated titleERES2019
CountryFrance
CityCergy-Pontoise Cedex
Period3/07/196/07/19
Internet address

Fingerprint

Real estate
Decision maker
Decision making
Bayesian belief networks
Methodology
Structured interview
Strategic decision making
Decision-making process
Inference
Scenarios
Alignment

Keywords

  • CRE
  • decision-making logic

Cite this

Cooke, H., Appel - Meulenbroek, R., & Arentze, T. (2019). An investigation of the operation of corporate real estate decision-making. Abstract from 26th Annual Conference of the European Real Estate Society (ERES2019), Cergy-Pontoise Cedex, France.
Cooke, Howard ; Appel - Meulenbroek, Rianne ; Arentze, Theo. / An investigation of the operation of corporate real estate decision-making. Abstract from 26th Annual Conference of the European Real Estate Society (ERES2019), Cergy-Pontoise Cedex, France.14 p.
@conference{97dccf50d7cd4b94994a08e102c50b35,
title = "An investigation of the operation of corporate real estate decision-making",
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.",
keywords = "CRE, decision-making logic",
author = "Howard Cooke and {Appel - Meulenbroek}, Rianne and Theo Arentze",
year = "2019",
month = "7",
day = "4",
language = "English",
note = "26th Annual Conference of the European Real Estate Society (ERES2019), ERES2019 ; Conference date: 03-07-2019 Through 06-07-2019",
url = "https://www.eres.org/index.php/annual-conferences",

}

Cooke, H, Appel - Meulenbroek, R & Arentze, T 2019, 'An investigation of the operation of corporate real estate decision-making', 26th Annual Conference of the European Real Estate Society (ERES2019), Cergy-Pontoise Cedex, France, 3/07/19 - 6/07/19.

An investigation of the operation of corporate real estate decision-making. / Cooke, Howard; Appel - Meulenbroek, Rianne; Arentze, Theo.

2019. Abstract from 26th Annual Conference of the European Real Estate Society (ERES2019), Cergy-Pontoise Cedex, France.

Research output: Contribution to conferenceAbstractAcademic

TY - CONF

T1 - An investigation of the operation of corporate real estate decision-making

AU - Cooke, Howard

AU - Appel - Meulenbroek, Rianne

AU - Arentze, Theo

PY - 2019/7/4

Y1 - 2019/7/4

N2 - 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.

AB - 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.

KW - CRE

KW - decision-making logic

M3 - Abstract

ER -

Cooke H, Appel - Meulenbroek R, Arentze T. An investigation of the operation of corporate real estate decision-making. 2019. Abstract from 26th Annual Conference of the European Real Estate Society (ERES2019), Cergy-Pontoise Cedex, France.