Spatial decision support systems for effective ex-ante risk evaluation: An innovative model for improving the real estate redevelopment processes

Anelli, Debora; Tajani, Francesco

doi:10.1016/j.landusepol.2023.106595

Cited by 20 publications

(9 citation statements)

References 62 publications

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“…In order to ensure the authority of this evaluation, expert judgments are often introduced for subjective indicators, which cannot be properly measured because of an expert's subjectivism [34]. The classic AHP method excels among subjective analysis and evaluation methods, allowing effective judgment and decision making for qualitative problems that are otherwise challenging to quantify [36]. However, it suffers from complexities in the calculation process, particularly in the consistency testing of the judgment matrix, and the scientific basis of the consistency of judgment rules has been subject to debate.…”

Section: Fuzzy Analytical Hierarchy Process Methods (Fahp Method)mentioning

confidence: 99%

Evaluation System Creation and Application of “Zero-Pollution Village” Based on Combined FAHP-TOPSIS Method: A Case Study of Zhejiang Province

Wang

et al. 2023

Sustainability

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With the implementation of China’s rural revitalization strategy, the construction of low-pollution villages has become an urgent demand for rural residents to achieve an ecologically livable environment. This paper aims to construct a new evaluation system for a “zero-pollution village” inspired by the principle of CASBEE. A village is regarded as a relatively independent ecosystem, and the evaluation system is designed to improve the “internal environmental quality Q” of a village while reducing the “external environmental load L”. Thus, the evaluation system included two target strata (Q and L) and 3 layers comprising 6 criteria layers, 21 sub-criteria layers, and 76 indicators in the indicator layers. A new combined weight method based on FAHP-TOPSIS was presented to determine the weights of each layer of indicators. After verifying the evaluation system by applying it to 3 representative villages, 26 villages in Zhejiang Province were evaluated. These results indicate that the evaluation system was effective for evaluating the construction of a zero-pollution village. The current village environment in Zhejiang Province has been significantly improved; however, the vast majority of villages have not yet reached the zero-pollution standard.

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Section: Fuzzy Analytical Hierarchy Process Methods (Fahp Method)mentioning

confidence: 99%

Evaluation System Creation and Application of “Zero-Pollution Village” Based on Combined FAHP-TOPSIS Method: A Case Study of Zhejiang Province

Wang

et al. 2023

Sustainability

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“…In the field of investment risk, the capitalization rate is generally considered one of the most important variables (Anelli & Tajani, 2023). If a slight variation of it occurs, this can affect the result of the risk investor's analysis.…”

Section: Introductionmentioning

confidence: 99%

Capitalization Rate and Real Estate Risk Factors: An Analysis of the Relationships for the Residential Market in the City of Rome (Italy)

Manganelli,

Anelli,

Tajani

et al. 2024

Real Estate Management and Valuation

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The assessment of income-producing properties - considered as the bulk of the existing assets - has rapidly increased. An efficient assessment of the market value of this kind of properties requires an adequate involvement of the main risk factors of the local real estate market for the determination of the capitalization rate for the income approach application. The aim of the work is to identify the most significant local real estate risk factors related to the market, the tenant and the context on the residential capitalization rate. The development of a regressive methodological approach applied to the residential sector of the city of Rome (Italy) is proposed. The obtained results show the susceptibility of the analyzed capitalization rate to the variation of the local real estate risk factors, in particular the per capita income and the variation of the rental values, by also considering the influences of the exogenous shocks and the expectation of the investors. The practical implications of the work consist in the possibility for evaluators to assess the likely changes in the capitalization rate in different residential contexts if variations occur in the most influential local risk factors identified by the proposed model.

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“…From a broad perspective, policy decisions, companies' activities, urban development (Anelli & Tajani, 2023; Morano et al, 2020), consumers' choices in goods, food, and services (Jackson, 2005) can all contribute to more sustainable development. Within this framework, finance has been identified as the enabler for the transition to a greener economy, and the trend of sustainable finance and sustainable investing emerged (Arvidsson & Dumay, 2022).…”

Section: Introductionmentioning

confidence: 99%

What do we know about ESG and risk? A systematic and bibliometric review

De Giuli,

Grechi,

Tanda

2023

Corp Soc Responsibility Env

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Environmental, Social and Governance (ESG) issues have become particularly relevant in the agendas of policymakers, investment decisions by companies and asset allocation process of investors. However, the transition to a greener and more sustainable economic system is not without risks. The literature has investigated the relationship between ESG and risk in different ways, through multiple perspectives and approaches. We select all documents with “ESG” and “Risk” in the title, abstracts and keywords available in Scopus and, after removing non‐relevant papers, we are left with a sample of 589 documents published in the period 1983–2022. To provide a view of the most important studies, we also focus on the most cited documents to discuss the methodological approaches and main results. The results show that over time, ESG has gained increasing attention from the literature, but researchers work in isolation and there is no single approach or leading core topic driving academic productivity; a clear taxonomy of ESG risks appears to be missing. To the best of our knowledge, this paper is the first to discuss research on ESG and risk from a financial perspective. The results highlight some existing gaps in the literature that can provide a hint for the development of the topic by researchers. These include a clearer taxonomy of ESG risks that can affect investors' and companies' decisions, a greater effort to evaluate how ESG risks distribute and spill from one sector to another and the inclusion of emerging economies and small and medium‐sized enterprises in the samples.

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Spatial decision support systems for effective ex-ante risk evaluation: An innovative model for improving the real estate redevelopment processes

Cited by 20 publications

References 62 publications

Evaluation System Creation and Application of “Zero-Pollution Village” Based on Combined FAHP-TOPSIS Method: A Case Study of Zhejiang Province

Evaluation System Creation and Application of “Zero-Pollution Village” Based on Combined FAHP-TOPSIS Method: A Case Study of Zhejiang Province

Capitalization Rate and Real Estate Risk Factors: An Analysis of the Relationships for the Residential Market in the City of Rome (Italy)

What do we know about ESG and risk? A systematic and bibliometric review

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