relation: https://khub.utp.edu.my/scholars/8060/
title: Value-based decision for highest and best use
creator: Rahmawati, Y.
creator: Utomo, C.
description: This paper presents how highest and best use (HBU) concept can be applied for value-based decision making. HBU is a technique to analyze and select the best use of land to get maximum productivity. Analytical Hierarchy Process (AHP) is applied to develop process of decision making by determine the preferences and best fit option. The criteria are based on the concept of HBU which are legal, physical, finance, and also productivity. The best alternative is obtained from calculation of Satisficing game. It is formed by comparing function to cost. The functions are derived from HBU criteria and the cost is estimated from two drivers that are initial cost and life cycle cost. This paper is focused on the practice of selecting best use for a traditional market land. Using satisficing option for value-based decision allows to form an algorithm of group decision among stakeholders for future research recommendation. © 2017 IEEE.
publisher: Institute of Electrical and Electronics Engineers Inc.
date: 2017
type: Conference or Workshop Item
type: PeerReviewed
identifier:   Rahmawati, Y. and Utomo, C.  (2017) Value-based decision for highest and best use.  In: UNSPECIFIED.     
relation: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85046414713&doi=10.1109%2fICE2T.2017.8215982&partnerID=40&md5=c1fd9d5e630781c823b9d9b54c7072f9
relation: 10.1109/ICE2T.2017.8215982
identifier: 10.1109/ICE2T.2017.8215982