Real Estate Appraisal: A Double Perspective Data Envelopment Analysis Approach

@article{Lins2005RealEA,
  title={Real Estate Appraisal: A Double Perspective Data Envelopment Analysis Approach},
  author={Marcos Pereira Estellita Lins and Luiz Fernando de Lyra Novaes and Luiz Fernando Loureiro Legey},
  journal={Annals of Operations Research},
  year={2005},
  volume={138},
  pages={79-96}
}
This paper proposes a new methodology for the assessment of the value range for real estate units. The theoretical basis of the methodology is built on the Data Envelopment Analysis—DEA approach, which has its original concept adapted to the case where the units under assessment consist of transactions among sellers and buyers. The proposed approach—christened Double Perspective-Data Envelopment Analysis (DP-DEA)—is applied to a database comprising the prices and features of the units under… 
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