Valuation and Design for Economic and Social Value Creation

Lami, Isabella Maria; Mecca, Beatrice; Todella, Elena

doi:10.1007/978-3-031-06825-6_141

Cited by 6 publications

(8 citation statements)

References 5 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In the context of SD, urban and architectural design constitutes a key element for the green transition (Lami et al, 2022). Indeed, urban and architectural spaces are the crucial nodes in order to improve and achieve sustainability: we can intervene on them, on their outlining from the moment of their design conception, where the choices that will define the nature and quality of the project are made.…”

Section: The Sustainable Urban and Architectural Projectsmentioning

confidence: 99%

“…Second, the development of sustainable urban and architectural projects requires a greater responsibility from public and private investors in giving rise to project that can create different types of value. Although this increase in responsibility can be complex to acquire, especially from the perspective of the private party, as it can potentially lead to a greater outlay of money, it is worth noting that the latter could be repaid by positive economic implications: investing in the development of social, environmental and cultural values can lead to the maximization of the profit of the investor (Lami et al, 2022; Mecca et al, 2020). This should be understood in terms of higher market value and lower cost value in the private context, and higher use value and thus higher total economic value in the public context (Lami et al, 2022).…”

Section: The Sustainable Urban and Architectural Projectsmentioning

confidence: 99%

See 1 more Smart Citation

Assessing the sustainable development: A review of multi‐criteria decision analysis for urban and architectural sustainability

Mecca

2023

Multi Criteria Decision Anal

Self Cite

View full text Add to dashboard Cite

Sustainable development of cities constitutes nowadays a worldwide goal. Therefore, the related urban and architectural choices must fulfil sustainable objectives. In this context, sustainability assessment presents itself as a key and fundamental element to guide decision‐making processes, orienting choices towards actions that make the built environment more sustainable. Among the several existing assessment tools and methods, multi‐criteria decision analysis (MCDA) are part of the most widely used approaches to support sustainable decisions. Therefore, this article aims to understand what makes sustainability assessment through MCDA suitable or unsuitable to support decision‐making processes in the context of sustainable urban and architectural design and observe how available MCDA methods support this purpose. To do this, a literature review related to MCDA methods in sustainable urban and architectural context has been performed. Descriptive statistics and tables are provided to point out the main trends according to specific research questions. In this sense, it is intended to highlight some potential gaps and points of reflection for future research developments that can support sustainable urban and architectural development.

show abstract

Section: The Sustainable Urban and Architectural Projectsmentioning

confidence: 99%

Section: The Sustainable Urban and Architectural Projectsmentioning

confidence: 99%

Assessing the sustainable development: A review of multi‐criteria decision analysis for urban and architectural sustainability

Mecca

2023

Multi Criteria Decision Anal

Self Cite

View full text Add to dashboard Cite

show abstract

“…In fact, the only differences between the two protocols are that the LEED-ND does not include normalization of final scores and prerequisite weighing. The latter aspect in particular could cause poor control of the project's performance in relation to some aspects assessed by the prerequisites which, however, are fundamental in order to arrive at a truly sustainable project (Todella et al, 2022;Lami et al, 2022).…”

Section: Comparative Analysismentioning

confidence: 99%

Limits and perspectives of Neighbourhood Sustainable Assessment Tools (NSATS) in sustainable urban design

Abastante

2023

Valori E Valutazioni

View full text Add to dashboard Cite

This paper aims to investigate the role of sustainability protocols at the neighborhood scale (Neighborhood Sustainable Assessment Tools) as possible tools to support the measurement of sustainability to implement effective design strategies for the built environment. Despite that cities and the built environment are at the forefront of achieving the complex goal of sustainable development, there is still a gap regarding what are the most appropriate ways and tools to measure and monitor the performance of urban transformation projects in terms of sustainable development. This difficulty is particularly evident when considering the sustainability paradigm in its Triple Bottom Line acception, which includes social and economic aspects in addition to environmental ones. In fact, while there are many established methodologies to measure the environmental performance of projects, the same cannot be said for the measurement of social and economic aspects, especially from an integrated perspective. Based on these premises, the present research analyzes three of the main NSATs at the European level, comparing them in terms of evaluation model and responsiveness to the main spheres of sustainability in order to trace limitations and perspectives.

show abstract

“…Real estate development processes in the private sphere are traditionally linked to a concept of economic value creation [3], which, within the economic context, is divided into use value, which is the amount of satisfaction or pleasure that is obtainable from the possession of an asset, and exchange value, which instead represents the power of an asset in terms of exchange with other assets [4]. In this perspective, use value indicates the "goodness" of a good relative to its use, while exchange value represents the "goodness" of a good in being exchanged for something else [5].…”

Section: Introductionmentioning

confidence: 99%

“…In this sense, there is a situation in which the private investor should be invested with a greater responsibility toward the creation of use value linked not only to the satisfaction of their own needs but also those of society and the environment in which the latter is embedded. This increase in responsibility could be repaid by positive economic implications for the investor, for example, by increasing the market value of the artefact [3,8]; however, this may not be sufficient to persuade the investor to pursue sustainable transformations. As [9] reports, instruments such as grants, subsidies, and tax breaks can be used to stimulate private sector involvement in the implementation of urban development projects, as they can reduce investment risks and accelerate the return on investment [9].…”

Section: Introductionmentioning

confidence: 99%

Surfacing Values Created by Incentive Policies in Support of Sustainable Urban Development: A Theoretical Evaluation Framework

Mecca,

Mecca

2023

Land

View full text Add to dashboard Cite

The development of sustainable cities involves improving the performance of the built environment and its effects on its context as one of the multiple intervention points. Indeed, outlining and implementing building artefacts does not constitute a simple act of generating a physical place, but represents a process that cannot ignore the positive and/or negative impacts that these transformations can have on the environment and societies in which it is embedded. Since in a profit-driven logic, a private investor’s interest in environmental and social values may be limited in favour of economic value, a positive push towards urban sustainability can be found in government-promoted fiscal building incentives. Indeed, these tools offer direct actions for more favourable urban conditions, supporting private entities in meeting the intervention costs. This paper aims to define a theoretical evaluation framework through which the “sustainable” value creation potential of building incentives can be assessed. Through this framework, the research analysed the main Italian building incentives, observing how they support the creation of economic, environmental, and social values for the benefit of society, the environment, and urban areas. This paper discusses the usefulness of the framework in supporting public actors in the potential revision, definition, and communication of such incentive policies.

show abstract

Valuation and Design for Economic and Social Value Creation

Cited by 6 publications

References 5 publications

Assessing the sustainable development: A review of multi‐criteria decision analysis for urban and architectural sustainability

Assessing the sustainable development: A review of multi‐criteria decision analysis for urban and architectural sustainability

Limits and perspectives of Neighbourhood Sustainable Assessment Tools (NSATS) in sustainable urban design

Surfacing Values Created by Incentive Policies in Support of Sustainable Urban Development: A Theoretical Evaluation Framework

Contact Info

Product

Resources

About