Determination of the Location Valuation Index based on Public Transportation in Big Cities


Nasiboğlu R., Nasiboğlu E.

5th International Conference on Problems of Cybernetics and Informatics (PCI 2023), 28 - 30 August 2023, pp.1-5

  • Publication Type: Conference Paper / Full Text
  • Doi Number: 10.1109/pci60110.2023.10325931
  • Page Numbers: pp.1-5
  • Dokuz Eylül University Affiliated: Yes

Abstract

In the countries’ economy, the housing acquisition and rental market has an important economic role. On the other hand, housing prices change quite rapidly due to effects such as inflation and earthquakes. Due to these rapid changes, it becomes difficult to stabilize and objectively evaluate housing prices. In evaluating houses, in addition to the characteristics of the house itself, the location where this house is located also has an important effect.

In this study, the Location Valuation Index (LVI) was created to evaluate any location based on the ease of transportation from this location to other points of the city based on public transportation network. For this purpose, cost values ​​between stops were used. The proposed model was run on data from İzmir, Turkey’s third largest city, and a map of LVI values ​​of the city was created.