Appraisal Model of LCC Uncertainty for Housing Management and Decision-Making

In Japan, the value and price of housing on Japanese market, especially the existing one, is underestimated because of lack of proper estimation tools. Proper Assessment of existing housing are required for property market. How to manage our property with flexibility during the planning period is also a critical issue. Thus, this research propose a appraisal model for housing management, attempt to estimates the whole cost of different alternatives during the planning period, help users to manage their properties and make decisions under various situations. Differing from conventional testing model, proposed model analyze uncertain factors by applying binomial distribution under various hypothetical circumstances rather than limited, and simplified conditions. The applicability on decision-making is clarified by case study in last part of this research.