Abstract
M.Com. (Business Management)
The ultimate objective of this research report was to develop a Decision Support
System, (DSS), that can be used by property professionals to enable them to make
better decisions regarding property development in South Africa.
The DSS addresses the problem of numerous uncertain variables in property
development investment decisions. The capability of the computer to do repetitive
calculations with different combinations of variables, with probabilities linked to each
variable, was used in a Monte Carlo analysis.
The DSS was developed on a "Lotus 1-2-3™ Release 4 for Windows" spreadsheet
which makes the program adaptable to suit specific applications if the need arises.
The DSSwill, however, be able to address the majority of property developments
without any adaptation.
The DSS was appraised by property professionals and the comments received from
the respondents indicate that the primary objective stated was achieved.
The DSS is best suited for property investors who are also involved in the early
development phases.