Deciding the future use of obsolete offices: testing the analytic hierarchy process

Capon, Sarah (2011) Deciding the future use of obsolete offices: testing the analytic hierarchy process. MSc dissertation, University of Portsmouth.

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    Abstract

    This research paper is concerned with the development of obsolete offices that have reached the end of their primary useful life. Offices become obsolete due to many reasons such as economic, environmental, cultural and commercial and currently we are observing a surplus of Grade B office stock in the market predominantly due to economic factors. These vacant offices that are underutilised are becoming a liability not only for the owners, but also for the community and city in which they reside.

    Development decisions on how to develop sites such as vacant offices are traditionally reached by developers and investors based on a subjective, personal and instinctive basis. Development appraisals are often carried out to account for financial analysis of a particular site for various development options. However there are many other contributing factors to consider including the suitability of the site, planning implications and the relative risk involved.

    This research paper therefore seeks to assess the suitability of a decision making model called Analytic Hierarchy Process (AHP), which although is a tried and tested model, has not yet been applied to the development decisions of vacant offices. This research seeks to demonstrate the suitability of such a tool to provide a systematic approach to development decisions and optimise the decisions reached.

    The study has shown that not only does the AHP model confirm the decisions reached by the developers but it also provides an opportunity to examine the results and judgements made, in greater depth through a sensitivity analysis.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Technology > School of Civil Engineering and Surveying
    Depositing User: Jane Polwin
    Date Deposited: 02 Feb 2012 14:56
    Last Modified: 28 Jan 2015 11:52
    URI: http://eprints.port.ac.uk/id/eprint/6095

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