B Brano Glumac

Brownfield redevelopment features: applying Fuzzy Delphi

Purpose – A brownfield site is well described by various definitions and the idea to redevelop it is supported by identifying numerous benefits for the society. Further, the existing literature covers a broad range of different aspects of the brownfield redevelopment thus elaborating different features. At present, there is no overview of the brownfield features from the real estate development perspective focusing on the physical, legal and financial aspects of a site and property. This paper aims to address these issues.Design/methodology/approach – At first, this paper contributes with the literature survey after which the features were structured according to the real estate development perspective. Additionally, the authors distinguish different expert groups and show the importance of keeping apart their aggregated opinions. Fuzzy Delphi technique is considered as an excellent method to gather such diverse panel data since it supports expert diversity in its procedure and calculation. Additionally, ...

Actors’ Preferences in the Redevelopment of Brownfield: Latent Class Model

AbstractNumerous authors have argued that the redevelopment of a brownfield can provide a range of benefits. For example, the physical improvements of a brownfield result in better site characteristics such as lower contamination levels, better site accessibility, and eventually improve the image of a neighborhood. On the other hand, applying proper legal policies leads to a less complicated ownership structure and might result in a faster approval process. These physical improvements and legal policy endeavors often lead to financial benefits such as value capturing or improved real estate value. However, the necessity to deal simultaneously with physical improvements, legal policies, finances, and the tradeoffs that need to be considered therein may explain why brownfield problems are not easily resolved. In addition, many actors are involved in the redevelopment process. Actors such as the municipality, developer, and landowner might have different preferences regarding the essential physical, legal, a...

Implementing energy saving measures

Purpose – This paper aims to propose a decision support tool that would aid decision-makers to implement energy-saving measures efficiently in a corporate real estate. Design/methodology/approach – The tool consists of a system dynamic model that allows describing and quantifying the complex interaction between potential maintenance scenarios, external energy factors and case-specific conditions. In addition, to include the uncertainty of some of the input variables related to the external energy factors, Monte Carlo simulation has been applied. Findings – A case study of a city hall in The Netherlands showed the usability of the proposed tool. Over the selected period of 20 years, applying the chosen set of interventions, the simulation showed possible gains in the net present value and significant decrease of energy consumption and carbon emission. Municipal officials and consultants verified the tool for energy efficiency. Research limitations/implications – Although the tool has proved its functionali...

A negotiation decision model for public-private partnerships in brownfield redevelopment

Urban development cannot proceed without the commitment of multiple actors, because decision-making processes have become more and more interdependent. This article supports better decision-making in brownfield redevelopment projects in cases where the project realization depends on a public–private partnership between a municipality and a developer. In a broader sense, in this research, we investigate how the negotiation process in brownfield redevelopment projects can be improved by providing an understanding of the characteristics of a brownfield area and the interaction between the parties involved. In order to improve the process, a negotiation decision model is proposed. This is a hybrid model consisting of five phases. Its novelty lies in the combination of a latent class model and a strategic choice model that can be formulated as a prescriptive-interactive approach in decision theory. The hybrid negotiation model is applied to a reconstructed case study in order to present its possibilities. Accordingly, three applications of the model are introduced, and in each application the beneficiary is a municipality. Although using decision models for brownfield redevelopment projects has already been thoroughly studied, there is little evidence concerning the prescriptive-interactive component built into existing models.