marginal utility

Multicriteria analysis and genetic algorithms for mass appraisals in the Italian property market

Purpose
In the present paper, two innovative methodologies (Utility Additive and Evolutionary Polynomial Regression) for mass appraisal of residential properties have been tested and compared. The aim is to deepen their characteristics, by exploring the potentialities and the operating limits.
Design/metodology/approach

Multicriteria analysis and genetic algorithms for mass appraisals in the Italian property market

In the present paper, two innovative methodologies (Utility Additive and Evolutionary Polynomial Regression) for mass appraisal of residential properties have been tested and compared. The aim is to deepen their characteristics, by exploring the potentialities and the operating limits. With reference to the same case studies, concerning samples of residential properties recently sold in three Italian cities, the two procedures are tested and the results are compared.

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