Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia

Home ownership is a complex issue involving many determinants. Affordability is the limelight as well as delayed completion. Basically, there are three parties involved in a housing development; private developer, government, and house buyer. The government has reserved its role by organizing severa...

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Main Author:	Nor Syuhadah, Saiddin
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HD28-70 Management Industrial Management
Online Access:	https://etd.uum.edu.my/8541/1/S814598_01.pdf https://etd.uum.edu.my/8541/2/S814598_02.pdf https://etd.uum.edu.my/8541/3/s814598_references.docx
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id	my-uum-etd.8541
record_format	uketd_dc
spelling	my-uum-etd.85412021-08-08T09:05:53Z Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia 2019 Nor Syuhadah, Saiddin Zaibidi, Nerda Zura Sulaiman, Norintan Saniah Awang Had Salleh Graduate School of Arts & Sciences Awang Had Salleh Graduate School of Arts & Sciences HD28-70 Management. Industrial Management Home ownership is a complex issue involving many determinants. Affordability is the limelight as well as delayed completion. Basically, there are three parties involved in a housing development; private developer, government, and house buyer. The government has reserved its role by organizing several programs such as ‘PR1MA’ and ‘My First Home’ in order to overcome the issue. The programs are managed through public-private partnership (PPP). On side of the house buyer, apart from house price, there are other preferences considered. The interaction between these parties becomes complex due to disparity in preferences and target. The purpose of this study is to develop an interaction model in determining a mutual house price. Besides, the affordability level of home ownership is also measured. The preferences and the target of each party were investigated, and their constraints were established to be modelled by using Goal Programming approach. The constraints are based on the economics factors that influenced house price. Next, the interaction among parties was simulated to get the average mutual house price. There are 193 house buyers, two private developers, and a government in Kedah involved, hence, 386 simulations were performed. Then, the level of affordability of owning a house was measured by using Fuzzy Logic approach. Findings show that the average mutual house price suggested by the model is RM169, 879.20. It is shown that the residents of Kedah afford to own low-cost houses, in accordance to the average mutual house price suggested by the interaction model. The suggested average house price could be a reference to all related parties in housing development. The construction of the model emphasized the inclusion of human interactions along with economic factors. 2019 Thesis https://etd.uum.edu.my/8541/ https://etd.uum.edu.my/8541/1/S814598_01.pdf text eng 2022-01-01 public https://etd.uum.edu.my/8541/2/S814598_02.pdf text eng public https://etd.uum.edu.my/8541/3/s814598_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Zaibidi, Nerda Zura Sulaiman, Norintan Saniah
topic	HD28-70 Management Industrial Management
spellingShingle	HD28-70 Management Industrial Management Nor Syuhadah, Saiddin Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia
description	Home ownership is a complex issue involving many determinants. Affordability is the limelight as well as delayed completion. Basically, there are three parties involved in a housing development; private developer, government, and house buyer. The government has reserved its role by organizing several programs such as ‘PR1MA’ and ‘My First Home’ in order to overcome the issue. The programs are managed through public-private partnership (PPP). On side of the house buyer, apart from house price, there are other preferences considered. The interaction between these parties becomes complex due to disparity in preferences and target. The purpose of this study is to develop an interaction model in determining a mutual house price. Besides, the affordability level of home ownership is also measured. The preferences and the target of each party were investigated, and their constraints were established to be modelled by using Goal Programming approach. The constraints are based on the economics factors that influenced house price. Next, the interaction among parties was simulated to get the average mutual house price. There are 193 house buyers, two private developers, and a government in Kedah involved, hence, 386 simulations were performed. Then, the level of affordability of owning a house was measured by using Fuzzy Logic approach. Findings show that the average mutual house price suggested by the model is RM169, 879.20. It is shown that the residents of Kedah afford to own low-cost houses, in accordance to the average mutual house price suggested by the interaction model. The suggested average house price could be a reference to all related parties in housing development. The construction of the model emphasized the inclusion of human interactions along with economic factors.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Nor Syuhadah, Saiddin
author_facet	Nor Syuhadah, Saiddin
author_sort	Nor Syuhadah, Saiddin
title	Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia
title_short	Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia
title_full	Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia
title_fullStr	Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia
title_full_unstemmed	Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia
title_sort	goal programming and fuzzy approach in determining mutual house price and affordability: a study in kedah, malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Awang Had Salleh Graduate School of Arts & Sciences
publishDate	2019
url	https://etd.uum.edu.my/8541/1/S814598_01.pdf https://etd.uum.edu.my/8541/2/S814598_02.pdf https://etd.uum.edu.my/8541/3/s814598_references.docx
_version_	1747828409480773632

Goal programming and fuzzy approach in determining mutual house price and affordability: a study in Kedah, Malaysia

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