scholarly journals USING EYE-TRACKING TO SUPPORT BIG DATA DRIVEN PROPERTY VALUATION TOOLS

2021 ◽  
Vol XLVI-4/W1-2021 ◽  
pp. 111-114
Author(s):  
B. Soundararaj ◽  
C. Pettit
Keyword(s):  
Decision Making ◽  
Eye Tracking ◽  
Large Scale ◽  
Decision Making Process ◽  
Eye Tracker ◽  
Hedonic Price ◽  
Property Valuation ◽  
Valuation Process ◽  
Collecting Methods

Abstract. Building and using large scale, Automated Valuation Models (AVM) is one of the key multi-disciplinary pursuits in the study of cities and their economies. The methods used in building these AVMs such as ‘hedonic price modelling’ require a ‘co-design’ approach which needs significant collaboration and feedback between the modellers and the users of these models. The success of this collaborative approach depends crucially on our ability to capture the inputs and feedback from users without the bias and uncertainties present in traditional data collecting methods. In this paper, we explore and demonstrate the use of ‘eye-tracking’ technology in devising an objective methodology for collecting user feedback for co-design exercises. We employed a remote eye tracker in conjunction with traditional questionnaires to capture the decision making process of participants as buyers while selecting a property among a set of available options. We then compared the factors they reported to be important in their decision-making process to the factors they actually considered when looking at property listings. In our experiments, we found that pictures and maps captured more than 95% of the attention from buyers compared to the descriptive or statistical information showing the significance of the interface and medium of the valuation process. When responding to questionnaires, participants as property buyers reported that the attributes of a property such as number of beds, baths, quality of construction from pictures and location are equally important in selecting one over others. In contrast, when measured by an eye-tracker, we found that the participants gave significantly more attention to the quality of construction and location of the property compared to other factors. These preliminary results, though not definitive, demonstrate the value and usefulness of eye-tracking as a technique for capturing and measuring the factors that influence the desirability and in turn the price of a property. This methodology when controlled for characteristics of the participants, the properties and the medium of communication has the potential to help us to identifying and quantifying the relevance of parameters during property valuation and hence improve the accuracy and effectiveness of the corresponding hedonic price models.

scholarly journals Eye-tracking analysis of leafy vegetables

2018 ◽  
Vol 6 (1-2) ◽  
pp. 32-37
Author(s):  
Ildikó Fruzsina Boros ◽  
László Sipos ◽  
Attila Gere
Keyword(s):  
Decision Making ◽  
Eye Movements ◽  
Visual Attention ◽  
Eye Tracking ◽  
Leafy Vegetables ◽  
Decision Making Process ◽  
Final Decision ◽  
Consumer Decision Making ◽  
Eye Tracker ◽  
Scientific Publications

There is a great supply of leafy vegetables on the market; hence capturing consumer’s attention (and decision) is critically important. Several scientific publications deal with consumer choices and the newest technology to capture consumer attention is eye-tracking. Eye-trackers are commonly used in Western Europe and Asia also, where it is an important and widely-used tool during product developments and the creation of marketing strategies. In Hungary, there are only a few publications about eye-tracking applications in vegetable growing and food industry. In our research, photographs about sorrel, lamb lettuce, spinach, leaf lettuce and dandelion leafs were analysed by eye-tracking technology and the eye movements of the participants during their decision making process of leafy vegetables were captured and evaluated. The eye-tracking analyses were carried out in the Sensory Laboratory of the Faculty of Food Sciences of Szent István University, using a Tobii X2-60 eye-tracker and Tobii Studio (version 3.0.5, Tobii Technology AB, Sweden) software. We aimed to answer the following research questions: Are there any connections between the eye movements of participants and their decisions? What amount of visual attention can be registered during the decision making process? Furthermore, the following metrics were measured and evaluated: fixation durations on the leafy vegetables, number of returns to products, pathways of visual attention, time until the final decision making and motivation of their final decisions. Measurement of the subconscious consumer decision making processes is way easier using eye-trackers compared to the traditional questionnaire-based methods, because it is hard or impossible to control our eye movements. Eye-tracking can be used successfully for understanding the expectations and decisions of the consumers.

scholarly journals Questioning Facilities Management in Higher Education in Egyptian Context for Better Decision-Making Process of Funding Allocation

2017 ◽  
Vol 12 (7) ◽  
pp. 129
Author(s):  
Mona Mohamed Abd Elghany ◽  
Reem Aly Elharakany
Keyword(s):  
Higher Education ◽  
Decision Making ◽  
Public Universities ◽  
Quality Of Education ◽  
Decision Making Process ◽  
Facilities Management ◽  
Structured Interviews ◽  
Decision Making Processes ◽  
Strategic Relationships

The quality of education is influenced by the managerialization of the universities, which refers to the introduction of substantial changes in the decision-making processes of the academic institutions, and the application of renewed information systems along with new managerial methodologies to restructure the organisational strategic relationships with stakeholders. This paper proposes a questionnaire to assess the importance of facilities in universities according to their financial budget consumed value. Semi Structured Interviews were conducted with the heads of logistic and financial departments in Egyptian universities, twenty public universities and twenty-three private universities, in order to identify criteria for the most significant university's facilities and appealing infrastructure that contributes to the quality of education.

scholarly journals The Quality of the Decision-Making Process in Road Transport

2019 ◽  
Vol 1 (1) ◽  
pp. 85-92
Author(s):  
Robert Sałek
Keyword(s):  
Decision Making ◽  
Transport Process ◽  
Road Transport ◽  
Quality Of Services ◽  
Decision Making Process ◽  
Factors Affecting ◽  
Management Level ◽  
Transport Services ◽  
Preparatory Stage

Abstract The issue of quality is a very important aspect of the operation of transport companies. In relation to the area of their activity it primarily focuses on the quality of services provided, which can be verified e.g. on the basis of timeliness of deliveries or accepted complaints. This allows for examining the quality after providing the service in order to take future pro-quality actions. However, is it possible to affect the quality of services provided before their provision? The transport process itself is preceded with a range of actions taken within the framework of detailed planning and organization, which can significantly influence the quality of services. The decisions made at the management level are conditioned by many factors determining the course of future events, however, this is not always enough to make the process run uninterruptedly. Therefore, it is important to structure basic actions at the initial stage so as to allow the smooth conduct of the decision-making process for the specific task in order to subsequently focus on the detailed analysis of the actions planned. In the paper, the author attempts to characterize the fundamental factors affecting the decisions taken during the planning and organization of the transport process. The objective of the conducted research is to verify initial decisions and their significance for the improvement in the quality of transport services provided. There was conducted the algorithmization of actions and interpretation of their importance for the quality of decisions taken at the preparatory stage and during transport.

scholarly journals Sistem Pendukung Keputusan Penyeleksian Colour Guard Pada Marching Band Ginada Dengan Menggunakan Metode Vikor Dan Borda

2020 ◽  
Vol 2 (1) ◽  
pp. 35-48
Author(s):  
Nurjannah ◽  
Dito Putro Utomo
Keyword(s):  
High School ◽  
Decision Making ◽  
Decision Support ◽  
Decision Support System ◽  
Support System ◽  
Body Language ◽  
Routine Activity ◽  
Decision Making Process ◽  
Marching Band

Decision support system for selecting color guard with VIKOR and Borda methods. It has been made as a tool to select color guard at the Sei Rampah High School. The criteria used in the decision support system for color guard selection are: height, weight, agility, stamina, and body language. Color guard selection activities are a routine activity every year, so GINADA marching band coach Sei Rampah hereby selects to select permanent members in the marching band. Decision Support System in an organization can be seen as important in supporting the smooth running of activities and achieving an organizational goal. SPK can come in various forms, ranging from simple forms of data processing to complex application forms, and can also be used to accelerate and improve the quality of the decision-making process in the organization.

scholarly journals Investment analysis of plum brandy production – methodology approach

2008 ◽  
Vol 2 (1-2) ◽  
pp. 103-105
Author(s):  
Lari Hadelan
Keyword(s):  
Decision Making ◽  
Planning Process ◽  
Investment Decision ◽  
Investment Analysis ◽  
Decision Making Process ◽  
Investment Appraisal ◽  
Financial Decision ◽  
Plum Brandy

The major prerequisite of successful entrepreneurship venture is quality of decision-making process. Decision in investment is the most important financial decision. It is a part of both long-term business planning process and strategic business definition. Using available investment appraisal methods, entrepreneur should make positive or negative investment decision. Within the development of the economic theory and the practice many of methods made decision-making process rational and gave the scientific and practical base for successful project evaluation.

A bibliometric analysis of property valuation research

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
B .V Binoy ◽  
M. A Naseer ◽  
P.P Anil Kumar ◽  
Nina Lazar
Keyword(s):  
Bibliometric Analysis ◽  
Large Scale ◽  
R Package ◽  
Data Availability ◽  
Hedonic Price ◽  
Content Type ◽  
Property Valuation ◽  
Real Estate Valuation ◽  
Modeling Techniques ◽  
Number Of Publications

Purpose Real estate valuation studies gained popularity with the availability of large-scale property transaction data in the latter part of the twentieth century. Hedonic price modeling (HPM) was the most popular method in the initial years until it was taken over by advanced modeling methods in the twenty-first century. Even though there exist a few literature reviews on this topic, no comprehensive bibliometric analysis is conducted in this area. In view of gaining a better understanding of the dynamics of property valuation studies, this paper aims to conduct a bibliometric analysis. Design/methodology/approach A comprehensive search in the Scopus database, followed by detailed screening resulted in 1,400 articles. The identified research articles spanning over five decades (1964–2019) are analyzed using the open-source R package “bibliometrix.” Findings The study found the USA to be the most productive country in various aspects, such as number of publications, number of authors and publication hotspots. The findings also demonstrate assessments on the publication trends, journals, citations, keywords, co-citation and collaboration networks. It was observed that there exists an upsurge in the number of publications after the year 2000 owing to improved data availability and better modeling techniques. Research limitations/implications This study is significant in understanding the major research areas and modeling techniques used in property valuation. Future studies can incorporate multiple database sources and include more articles. Originality/value The current study is one of the first bibliometric studies on property valuation. Previous studies have not explored the possibilities of geographic information system in bibliometric research. Spatial mapping and analysis of publications provide a geographical perspective of valuation research.

Model to Estimate the Human Factor Quality in FLOSS Development

2015 ◽  
pp. 219-236
Author(s):  
Zulaima Chiquin ◽  
Kenyer Domínguez ◽  
Luis E. Mendoza ◽  
Edumilis Méndez
Keyword(s):  
Decision Making ◽  
Human Resources ◽  
Open Source ◽  
Open Source Software ◽  
Human Factor ◽  
Three Dimensions ◽  
Decision Making Process ◽  
Self Evaluation ◽  
Systemic Quality

This chapter presents a Model to Estimate the Human Factor Quality in Free/Libre Open Source Software (FLOSS) Development, or EHFQ-FLOSS. The model consists of three dimensions: Levels (individual, community, and foundation), Aspects (internal or contextual), and Forms of Evaluation (self-evaluation, co-evaluation, and hetero-evaluation). Furthermore, this model provides 145 metrics applicable to all three levels, as well as an algorithm that guides their proper application to estimate the systemic quality of human resources involved in the development of FLOSS, guide the decision-making process, and take possible corrective actions.

Managerial Decision-Making Process in the Modern Business Conditions in the EU

2020 ◽  
pp. 324-348
Author(s):  
Boban Melovic ◽  
Slavica Mitrovic Veljkovic ◽  
Dragana Cirovic ◽  
Ivana Djakovic Radojicic
Keyword(s):  
Decision Making ◽  
Cultural Dimensions ◽  
Decision Making Process ◽  
Managerial Decision ◽  
Business Decisions ◽  
Eu Countries ◽  
Content Analysis Method ◽  
Modern Business ◽  
The Eu

This chapter analyzes the differences of decision-making process in the EU member countries, caused by differences in main dimensions of national culture of each of them. The influence of different cultural dimensions on decision-making process is explained. Thanks to the application of qualitative research method and deductive approach, there are conclusions about specificities of decision-making process, in particular EU countries. Using the inductive approach, content analysis method and method of synthesis, the EU countries were grouped regarding to the decision-making styles that are the most appropriate in each of them, based on the characteristics of the cultural framework that exist within them. Obtained results may help managers to better understand their decision-maker role in different cultural environment and it would enable them to apply the appropriate decision-making style, which would increase the quality of business decisions that are being made.

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