Using simulation to optimise renting and space planning decisions
Language: English Series: Journal of Corporate Real Estate ; 9(3) 2007, 156-167(12)Publication details: 2007Subject(s): Summary: Argues that common sense methods of planning for changing business accommodation needs based on average occupation levels are usually wrong. Aims to present a method which businesses can use to maximise decisions on their short and long term space based on prior occupation patterns. Finds that using average occupancy levels to predict occupation mix works less well than simulation; both the ratio of short to long term rents and renter's attitudes to risk are key factors. Concludes that the simulation method is an opportunity for the corporate real estate manager to engage with senior management regarding business planning and is easily applied using an Excel spreadsheet.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L142760 (Browse shelf(Opens below)) | 1 | Available | 142760-1001 |
Argues that common sense methods of planning for changing business accommodation needs based on average occupation levels are usually wrong. Aims to present a method which businesses can use to maximise decisions on their short and long term space based on prior occupation patterns. Finds that using average occupancy levels to predict occupation mix works less well than simulation; both the ratio of short to long term rents and renter's attitudes to risk are key factors. Concludes that the simulation method is an opportunity for the corporate real estate manager to engage with senior management regarding business planning and is easily applied using an Excel spreadsheet.