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- Title
Valoración agraria multicriterio en un entorno con escasa información.
- Authors
Bellver, Jerónimo Aznar; Martínez, Francisco Guijarro; Jiménez, José María Moreno
- Abstract
This paper presents a new multicriteria agricultural valuation method (MAVAM) designed specifically for situations in which there is only limited information, whether quantified or not, with respect to the elements being considered. The proposed procedure, valid for working in both individual and collective decision-making processes, aims to capture and incorporate into the valuation process both the objective information associated with the tangible aspects of the problem, as well as the subjective knowledge of that valuation process linked to the human factor. To that end, it combines in one regression model two of the most popular multicriteria decision-making techniques applied in practice: the analytical hierarchy process (AHP) and goal programming (GP). The first of these allows us to capture, by way of the use of paired comparisons, the tangible and intangible information derived from the known elements. The second, in addition to providing a fairly robust estimation of the regression model, makes it possible to integrate into the valuation process both the limited information that exists and the personal attitude adopted with respect to that valuation. The methodology is illustrated by way of its application to the particular case of valuing an agricultural asset located in the Ribera e Valencia rural district of Spain.
- Subjects
SPAIN; AGRICULTURE; VALUATION; DECISION making; REGRESSION analysis
- Publication
Estudios de Economía Aplicada, 2007, Vol 25, Issue 2, p549
- ISSN
1133-3197
- Publication type
Article