This article explores the psychological characteristics of potential real estate buyers connected with their decision to buy. Through a review of research, it reveals that most studies of psychological factors in the decision to buy real estate have a partial and dispersed orientation, and examine individual factors independently. It appears that the research area islacking clearly defined models of psychological factors in the decision to buy real estate that would integrally and relationally explain the role of psychological characteristics of real estate buyers and their expectations in relation to a decision to buy. The article identifies two sets of psychological factors, motivational and emotional, determines their interaction with potential buyers' expectations when deciding to purchase realestate and offers starting points for forming a model.
COBISS.SI-ID: 2669763
The issue of Municipal Solid Waste (MSW) management is an ever increasing problem, especially because solid waste from industry and other Closed-loop Supply Chain Waste (CLSCW) is included in MSW and influence also fee for utilities in area. Dealing with very large amounts of MSW per capita is a global problem, forcing municipalities and industry to develop new systemic approaches and technological solutions. One of the well-accepted solutions is energy recovery from MSW and CLSCW. The Waste-to-Energy (WTE) policy significantly reduces the volume of waste disposed in landfills, influences the reduction of total greenhouse gas emissions, and gives the potential for generating electricity or developing co-generation of electricity and heat. Nevertheless, there are still high uncertainties regarding the optimal decision on investments in cogeneration plants. In this paper we shall not discuss the technical characteristics of plants. Our focus is on the choices regarding investment costs and efficiency which also depend on the uncertain demand for supply system products, which is in correlation with the quantity of waste. In general, the recovered items must be distributed from the recycling facility back to production, and waste items must be sent to landfills, for which taxes and fees have to be paid. Alternatively, waste items can be reversibly used as a source of energy with several technological methods – most commonly the burning process. The uncertain energy efficiency of cogeneration plants and the uncertainty of demand appear simultaneously. In this paper, the methods for supporting decisions in optimal investment or co-investment in the urban cogeneration plant in case of joint actions of local authorities responsible for MSW and CLSC managers is considered when energy efficiency is normally distributed or fuzzy, at volatile demand, which has never been studied jointly.
COBISS.SI-ID: 38066437
Common risk assessment framework for the end-to-end supply chain and transportation networks is presented. The perturbed time delays as a common denominator of the risk drivers are advised. The capital requirements are derived for a supply chain to be able to return to its desired state.
COBISS.SI-ID: 513415554
Europe is wealthy but unbalanced, and the flows of people, money, information, goods and services are suffering from this situation. There is a crucial question in todays European economy: How to balance the European wealth and facilitate the flows to achieve wellbeing for all generations (job opportunities for the young and proper care for seniors). The answer is in Smart Silver Economy, by developing a firm understanding of space of flows and space of places as considered by Castells. The idea is to develop the knowledge to embed it in SUGAR ICT toolkit, based on SUGAR technology platform (SUGAR TP), which would facilitate understanding to increase intensity of processes. It is the ambition of SUGAR to establish roadmaps for action at EU, national and international level, bringing together scientific knowledge, art (architecture), technological know-how (GIS, ICT), industry (health care, real estate and facility management, ICT development companies), regulators (banks, insurance, health, municipalities and regional spatial planning authorities), and financial institutions to develop a strategic agenda for leading technologies for smart urban growth in face of an ageing society. The core of this idea is presented in article here.
COBISS.SI-ID: 7021153
The Chapter examines the role of Equity Release Schemes (ERS) in the welfare mix for seniors. The concepts for asset-based welfare, where the housing owned by the occupant is part of his portfolio comprised of defined contribution (private) pension and residential property, are examined. We present how the variance of expected seniors income is reduced by using residential property as the pillar of the pension system, as proposed in the EC Green Paper on Pensions (2010). The study is focusing on modelling the decumulation of the housing equity and the defined contribution private pension, incorporating insurance mechanisms for management of longevity. Development of longevity insurance in the framework of reverse mortgage products is important in European Union due to lack of government insurance of reverse mortgage products as developed in United States under the HECM insurance program. Here we propose a new model in which periodic payout that the beneficiary receives is the difference between the amount drawn and the annuity premium for longevity insurance. The paper shows how the drawing amount in the loan model ERS (reverse mortgage) is decreasing with the increasing interest rate, while the pension arising from defined contribution systems is increasing with the increasing interest rate. The optimal combination of sources in the portfolio which minimize volatility induced by volatile interest rate is derived and discussed. The paper intend to show that regarding his/her old-age welfare protection, young person when employed should consider buying a home instead of rent, to gain the optimal structure of pension portfolio in retirement.
COBISS.SI-ID: 7022689