The Verhulst equation in managing the life cycle of a real estate facility

Abstract

Managing the lifecycle of a real estate facility is an important part of the reproduction process. A brief analysis of corporate lifecycle models is provided. As a scientific research hypothesis, it is assumed that the initial stage lifecycle is based on consumption of external resources, while at the final stage internal resources are consumed. The concepts of “resource consumption lifecycle model” and “resource consumption rate” are introduced. It is the rate of resource consumption that determines the end of the real estate facility lifecycle. The Verhulst differential equation for the population growth model is used as a mathematical basis. The lifecycle model has three phases: growth, stability, and degradation. This model can be applied to change the lifecycle of a construction facility. Synchronous and asynchronous types of management are described. It is proven that monitoring and forecasting are components of synchronous management of a real estate lifecycle.