Dynamic simulation of real estate repair and comfort services

Sampsa Ruutu

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

Abstract

This article presents a system dynamics simulation model built to study the effects of office building renovations, energy class upgrades, and comfort services. These effects are important to the real estate owner and have an essential impact on the satisfaction of the customer organization renting the office space. Decision-making in real life is often short-sighted, either because of the wrong incentives or because of faulty mental models people have. The proof of concept simulation model shows the value of the system dynamics modelling approach in facilitating communication between different stakeholders and evaluating different policies.
Original languageEnglish
Title of host publicationVTT Symposium on Service Innovation
Place of PublicationEspoo
PublisherVTT Technical Research Centre of Finland
Pages242-251
Publication statusPublished - 2011
MoE publication typeA4 Article in a conference publication

Publication series

NameVTT Symposium
PublisherVTT
Number271
ISSN (Print)0357-9387
ISSN (Electronic)1455-0873

Fingerprint

Repair
Computer simulation
Office buildings
Dynamical systems
Decision making
Communication

Cite this

Ruutu, S. (2011). Dynamic simulation of real estate repair and comfort services. In VTT Symposium on Service Innovation (pp. 242-251). Espoo: VTT Technical Research Centre of Finland. VTT Symposium, No. 271
Ruutu, Sampsa. / Dynamic simulation of real estate repair and comfort services. VTT Symposium on Service Innovation. Espoo : VTT Technical Research Centre of Finland, 2011. pp. 242-251 (VTT Symposium; No. 271).
@inproceedings{e8e625c11ad140969d1e3f1f5fbf0c96,
title = "Dynamic simulation of real estate repair and comfort services",
abstract = "This article presents a system dynamics simulation model built to study the effects of office building renovations, energy class upgrades, and comfort services. These effects are important to the real estate owner and have an essential impact on the satisfaction of the customer organization renting the office space. Decision-making in real life is often short-sighted, either because of the wrong incentives or because of faulty mental models people have. The proof of concept simulation model shows the value of the system dynamics modelling approach in facilitating communication between different stakeholders and evaluating different policies.",
author = "Sampsa Ruutu",
year = "2011",
language = "English",
series = "VTT Symposium",
publisher = "VTT Technical Research Centre of Finland",
number = "271",
pages = "242--251",
booktitle = "VTT Symposium on Service Innovation",
address = "Finland",

}

Ruutu, S 2011, Dynamic simulation of real estate repair and comfort services. in VTT Symposium on Service Innovation. VTT Technical Research Centre of Finland, Espoo, VTT Symposium, no. 271, pp. 242-251.

Dynamic simulation of real estate repair and comfort services. / Ruutu, Sampsa.

VTT Symposium on Service Innovation. Espoo : VTT Technical Research Centre of Finland, 2011. p. 242-251 (VTT Symposium; No. 271).

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

TY - GEN

T1 - Dynamic simulation of real estate repair and comfort services

AU - Ruutu, Sampsa

PY - 2011

Y1 - 2011

N2 - This article presents a system dynamics simulation model built to study the effects of office building renovations, energy class upgrades, and comfort services. These effects are important to the real estate owner and have an essential impact on the satisfaction of the customer organization renting the office space. Decision-making in real life is often short-sighted, either because of the wrong incentives or because of faulty mental models people have. The proof of concept simulation model shows the value of the system dynamics modelling approach in facilitating communication between different stakeholders and evaluating different policies.

AB - This article presents a system dynamics simulation model built to study the effects of office building renovations, energy class upgrades, and comfort services. These effects are important to the real estate owner and have an essential impact on the satisfaction of the customer organization renting the office space. Decision-making in real life is often short-sighted, either because of the wrong incentives or because of faulty mental models people have. The proof of concept simulation model shows the value of the system dynamics modelling approach in facilitating communication between different stakeholders and evaluating different policies.

M3 - Conference article in proceedings

T3 - VTT Symposium

SP - 242

EP - 251

BT - VTT Symposium on Service Innovation

PB - VTT Technical Research Centre of Finland

CY - Espoo

ER -

Ruutu S. Dynamic simulation of real estate repair and comfort services. In VTT Symposium on Service Innovation. Espoo: VTT Technical Research Centre of Finland. 2011. p. 242-251. (VTT Symposium; No. 271).