Journal article

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

Abstract

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..

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Grants

Funding Acknowledgements

This research is supported by the 2015 Research Development Grant (Proposal Development), the Faculty of Architecture Building and Planning, the University of Melbourne.