2004 UC Proceedings Abstract
 Educating Multi-Disciplined Experts for GIS-Based Global Valuation Modeling Track: Business GIS Author(s): Bruce Weber Globalization has resulted in 1,000 billion euro in real estate assets to be valued annually. The financial sector has reached the stage where reliable real estate valuation methods are sorely needed for financial transactions and accounting. GIScience is a methodology that can be used to provide global transparency and confidence. A new GIS-based valuation paradigm has been developed that utilizes suitability studies and agent-based micro-simulation models. It could provide a global best practice methodology that also deals with sustainability. GIS could also provide risk assessment methods that will be needed for banking, required as a result of the Basel Accord. Leading 1960s educators warned that rapidly growing knowledge in urban land economics, urban economics, regional science, and many other areas are essential in understanding complexities that shape present and future values of real estate. How will academia prepare specialists in the model building needed to update 70+ year old methodologies? Bruce Weber University of Ulster School of Built Environment c/o PO Box 2703 Newport Beach , CA 92659 US Phone: (924)280-7257 E-mail: B.Weber@ulster.ac.uk |
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