Preference-based Accommodation Strategy design and decision approach
One of the long-standing issues in CREM is the alignment of an organization’s real estate to its corporate strategy as I have shown in chapter 2. CRE alignment is even defined by some as the raison d’être of CREM, as the range of activities undertaken to attune corporate real estate optimally to corporate performance. Even though extensive research into existing CRE alignment models has provided us with valuable insights into the steps, components and variables that are needed in the alignment process, these models still fall short in two ways. Most models pay little to no attention to the design of a new portfolio and to the selection of a new portfolio that adds the most value to the organization.
The Preference-based Accommodation Strategy approach is a design and decision support tool to remedy these shortcomings and thereby enhance CRE alignment. The basic concepts and definitions for PAS have been explained in chapter 3. In this chapter, PAS is presented in its main development phases.
The research methods to develop, test and evaluate PAS are explained in paragraph 4.1. In paragraph 4.2 the main concepts and the three components of PAS are explained. Subsequently, these three components are discussed; the steps of PAS in paragraph 4.3, the stakeholders & activities in paragraph 4.4 and the generic mathematical model in paragraph 4.5. In the last paragraph 4.6, the coherence between the three components is explained as well as the conclusion.