Abstract

Construction and the real estate sectors have low efficiency and high fragmentation compared to other branches of the building industry. Scientists, practitioners and politicians from various countries input much attention, effort and time to eliminate drawbacks such as efficiency and fragmentation. Currently construction and real estate are characterized by the intensive creation and use of information, knowledge and automation (software, knowledge and decision support systems, neural networks, etc.) applications. It is commonly agreed that a better integration of information, knowledge and automation applications would significantly speed up construction and real estate sector processes, improve the value of decisions made and decrease the overall cost of a building’s life cycle. The authors’ objective in integrating decision support with knowledge systems is to improve the quality and efficiency of decision support systems. In order to demonstrate the integration decision support and knowledge systems a Cooperative Integrated Web-based Negotiation Decision Support System for Real Estate will be considered as an example.KeywordsReal EstateDecision Support SystemReal Estate MarketReal Estate SectorReal Estate BrokerThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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