Optimization Techniques in Real Estate Investment Portfolios: A Quantitative Approach

Authors

  • Tarang Patel Unitedworld Institute of Management, Karnavati University, Gandhinagar, India
  • Pushpendra Singh Unitedworld Institute of Management, Karnavati University, Gandhinagar, India
  • Deepak Dhaakad Unitedworld Institute of Management, Karnavati University, Gandhinagar, India
  • Sidhraj Vaghela Unitedworld Institute of Management, Karnavati University, Gandhinagar, India
  • Rahul Chauhan Unitedworld Institute of Management, Karnavati University, Gandhinagar, India
  • Andino Maseleno Department of Information Systems, Institut Bakti Nusantara, Lampung, Indonesia
  • R Rizal Isnanto Department of Computer Engineering, Diponegoro University, Semarang, Indonesia

DOI:

https://doi.org/10.38035/gijes.v1i4.263

Keywords:

Real estate investment, portfolio optimization, sustainability, artificial intelligence

Abstract

This study explores optimization techniques in real estate investment portfolios, focusing on balancing risk and return through diversification, sustainability, and technology integration. By analyzing responses from 104 participants across different demographic groups, the research examines how factors such as age, gender, education, and occupation influence the adoption of strategies like AI-driven decision-making, ESG considerations, and corporate governance. The findings reveal that while traditional optimization techniques remain essential, there is growing acceptance of advanced tools and sustainable practices. The study emphasizes the importance of a holistic approach to portfolio management, combining financial performance with ethical and environmental considerations. Future research can further investigate emerging technologies and global regulatory impacts on real estate investments.

References

Ferdiansyah, D., Iratihsnanto, R. R., & Suseno, J. E. (2023). Strategy Indicators for Secure Software Development Lifecycle in Software Startups Based on Information Security Governance. Journal of Internet Services and Information Security, 13(3), 104-113.

Palmieri, E., & Ferilli, G. B. (2024). Innovating the bank-firm relationship: a spherical fuzzy approach to SME funding. European Journal of Innovation Management, 27(9), 487–515. https://doi.org/10.1108/EJIM-02-2024-0102

Panova, Y., & Hilletofth, P. (2018). Managing supply chain risks and delays in construction project. Industrial Management & Data Systems, 118(7), 1413–1431. https://doi.org/10.1108/IMDS-09-2017-0422

Park, C., Kim, D.-S., & Lee, K. Y. (2022). Asset allocation efficiency from dynamic and static strategies in underfunded pension funds. Journal of Derivatives and Quantitative Studies: ????, 30(1), 2–22. https://doi.org/10.1108/JDQS-10-2021-0025

Pigatto, G., Cinquini, L., Tenucci, A., & Dumay, J. (2023). Disclosing value creation in integrated reports according to the six capitals: a holistic approach for a holistic instrument. Sustainability Accounting, Management and Policy Journal, 14(7), 90–123. https://doi.org/10.1108/SAMPJ-11-2021-0493

Prasetyani, M., Isnanto, R. R., & Rosyida, I. (2023). Determining The Location Detection on Several Sectors to Support The Business Center: Literature Review. In E3S Web of Conferences (Vol. 448, p. 02050). EDP Sciences.

Rampini, L., & Re Cecconi, F. (2022). Artificial intelligence algorithms to predict Italian real estate market prices. Journal of Property Investment & Finance, 40(6), 588–611. https://doi.org/10.1108/JPIF-08-2021-0073

Real estate investment decision making – a review. (2012). Journal of Property Investment & Finance, 30(5). https://doi.org/10.1108/jpif.2012.11230eaa.002

Reddy, W., Higgins, D., Wist, M., & Garimort, J. (2013). Australian industry superannuation funds. Journal of Property Investment & Finance, 31(5), 462–480. https://doi.org/10.1108/JPIF-02-2013-0009

Reza Tavakoli Baghdadabad, M., & Glabadanidis, P. (2013). Evaluation of Malaysian mutual funds in the maximum drawdown risk measure framework. International Journal of Managerial Finance, 9(3), 247–270. https://doi.org/10.1108/IJMF-07-2011-0056

Reza Tavakoli Baghdadabad, M., Matnor, F., & Ibrahim, I. (2012). Optimized drawdown risk in evaluating the performance of Malaysian mutual funds. Journal of Islamic Accounting and Business Research, 3(2), 138–162. https://doi.org/10.1108/17590811211265957

Rivera, L., Gligor, D., & Sheffi, Y. (2016). The benefits of logistics clustering. International Journal of Physical Distribution & Logistics Management, 46(3), 242–268. https://doi.org/10.1108/IJPDLM-10-2014-0243

Roberts, C., & Henneberry, J. (2007). Exploring office investment decision?making in different European contexts. Journal of Property Investment & Finance, 25(3), 289–305. https://doi.org/10.1108/14635780710746939

Robson, S., & Greenhalgh, P. (2023). Exploring the use of dual-processing in commercial property development decision-making under conditions of risk and uncertainty. Property Management, 41(5), 601–617. https://doi.org/10.1108/PM-11-2022-0084

Shurrab, J., Hussain, M., & Khan, M. (2019). Green and sustainable practices in the construction industry. Engineering, Construction and Architectural Management, 26(6), 1063–1086. https://doi.org/10.1108/ECAM-02-2018-0056

Socol, A., & Iuga, I. C. (2024). Addressing brain drain and strengthening governance for advancing government readiness in artificial intelligence (AI). Kybernetes, 53(13), 47–71. https://doi.org/10.1108/K-03-2024-0629

Sweeney, F. M. (1993). Mapping a European Property Investment Strategy. Journal of Property Valuation and Investment, 11(3), 259–267. https://doi.org/10.1108/EUM0000000003307

Taran, Y., Nielsen, C., Montemari, M., Thomsen, P., & Paolone, F. (2016). Business model configurations: a five-V framework to map out potential innovation routes. European Journal of Innovation Management, 19(4), 492–527. https://doi.org/10.1108/EJIM-10-2015-0099

Tavakoli Baghdadabad, M. R. (2015). An empirical analysis of funds’ alternative measures in the mean absolute deviation (MAD) framework. International Journal of Emerging Markets, 10(4), 726–746. https://doi.org/10.1108/IJoEM-12-2011-0112

Tavakoli Baghdadabad, M. R., & Fooladi, M. (2015). Using downside risk in evaluating the performance of Malaysian mutual funds. International Journal of Emerging Markets, 10(3), 427–447. https://doi.org/10.1108/IJoEM-08-2011-0071

Vasileiou, E., Hadad, E., & Melekos, G. (2024). What drives the real estate market? Could behavioral indicators be useful in house pricing models? EconomiA, 25(1), 157–174. https://doi.org/10.1108/ECON-10-2023-0166

Voipio, V., Elfvengren, K., Korpela, J., & Vilko, J. (2023). Driving competitiveness with RFID-enabled digital twin: case study from a global manufacturing firm’s supply chain. Measuring Business Excellence, 27(1), 40–53. https://doi.org/10.1108/MBE-06-2021-0084

von Helfenstein, S. B. (2010). Real options “in” economic systems: Exploring systemic disturbance causes and cures. In J. W. Kensinger (Ed.), Research in Finance (Vol. 26, pp. 1–32). Emerald Group Publishing Limited. https://doi.org/10.1108/S0196-3821(2010)0000026004

Wirtz, J., So, K. K. F., Mody, M. A., Liu, S. Q., & Chun, H. H. (2019). Platforms in the peer-to-peer sharing economy. Journal of Service Management, 30(4), 452–483. https://doi.org/10.1108/JOSM-11-2018-0369

Work Study Volume 16 Issue 12. (1967). Work Study, 16(12), 5–64. https://doi.org/10.1108/eb048226

Yakub, A. A., Achu, K., Ali, H. M., & Abdul Jalil, R. (2022). An analysis of the determinants of office real estate price modelling in Nigeria: using a Delphi approach. Property Management, 40(5), 758–779. https://doi.org/10.1108/PM-08-2021-0060

Zungu, L. T., & Greyling, L. (2023). Investigating the asymmetric effect of income inequality on financial fragility in South Africa and selected emerging markets: a Bayesian approach with hierarchical priors. International Journal of Emerging Markets, ahead-of-print(ahead-of-print). https://doi.org/10.1108/IJOEM-12-2022-1929

Published

2024-01-21

How to Cite

Patel, T., Singh, P., Dhaakad, D., Vaghela, S., Chauhan, R., Maseleno, A., & Rizal Isnanto, R. (2024). Optimization Techniques in Real Estate Investment Portfolios: A Quantitative Approach. Greenation International Journal of Engineering Science, 1(4), 183–194. https://doi.org/10.38035/gijes.v1i4.263