Die Erstellung, Berechnung und Analyse eines Entscheidungsbaumes im Rahmen der flexiblen Planung stellt insbesondere bei komplexeren Entscheidungsproblemen ein mitunter langwieriges und kompliziertes Unterfangen dar. In diesem Beitrag soll anhand eines Fallbeispiels aufgezeigt werden, wie diese...

The Mallinson Report , published in 1994, emphasised the need for valuers to develop expertise for the purpose of estimating the worth of property investments. Implicit in attempts to estimate worth is the assumption that the property market displays some level of inefficiency and that, in such...

This paper presents a simple method to assess the value of a commercial property, considering the cost and timing of refurbishment. It is constructed on the understanding that net rental income tends to decrease as the property ages, while maintenance cost increases with time. As a result, there...

We study the robustness of empirical efficiency valuations of production processes in an extended Farrell model. Based on input and output data, an empirical efficiency status---efficient or inefficient---is assigned to each of the processes. This status may change if the data of the observed...