International Journal of Information and Communication Technology Research

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International Journal of Information and Communication Technology Research


A Risk Management Decision Support System for the Real Estate Industry

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Author(s) Raul Valverde
ISSN 2223-4985
On Pages 139-147
Volume No. 1
Issue No. 3
Issue Date July 01, 2011
Publishing Date July 01, 2011
Keywords Risk Management, Real Estate, Decision Support systems, Finance.



Abstract

The purpose of this work is to build a risk management decision support system for the real estate industry. The decision support system would be useful for risk managers interested in real estate investment. The paper identifies the main risk management related decisions that real estate professionals made on a daily basis. Risk management decision models are selected from an extensive literature review. These models are incorporated into a decision support system. A set of reports that will support risk management real estate decisions are designed and implemented in a prototype built to demonstrate the potential of this technology in the real estate industry. The database of the decision support is populated with a sample of data collected from the real estate market of the state of California USA and results were generated to illustrate how reports can be used to support real estate risk management decisions.  

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