Article ID: | iaor20021886 |
Country: | Netherlands |
Volume: | 133 |
Issue: | 2 |
Start Page Number: | 362 |
End Page Number: | 376 |
Publication Date: | Sep 2001 |
Journal: | European Journal of Operational Research |
Authors: | Kettani Ossama, Khelifi Karim |
Keywords: | programming: goal, financial |
In Quebec's municipal taxation system, the tax burden is allocated according to the market value of properties. Determining the market values for housing inventories containing tens of thousands of properties is obviously a complex task with enormous implications in terms of the resources required and the quality of the resulting estimates. This article presents PariTOP, a decision-support system that uses mathematical programming in general and goal programming in particular to estimate the market value of large numbers of residential properties. PariTOP is the result of a partnership between the Communauté urbaine de Québec, an administrative unit that comprises 12 cities, and Modellium, a Canadian company that develops decision-support systems.