Brownfield risk communication and evaluation
Hao Wu, Piyush Tiwari, Sun Sheng Han, Toong-Khuan Chan
JOURNAL OF PROPERTY RESEARCH | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | Published : 2017
Brownfield development is a risky business requiring specific knowledge and sensible judgement in order to create valuable real estate capital. This paper approaches brownfield risk in a multi-criterion, multi-actor interactive framework, taking into account the risks perceived and communicated by key actors. The paper begins with the development of a generic risk evaluation model using the analytical hierarchical process; this is followed by a primary purposive survey of experts’ stated-preference for weighting, ranking and scoring of risk factors developed earlier by the authors. The risk evaluation leads to a consistent hierarchy of risk factors influence brownfield decisions in the Melbo..View full abstract
This research is supported by the 2015 Research Development Grant (Proposal Development), the Faculty of Architecture Building and Planning, the University of Melbourne.