Ranking residential neighborhoods based on their sustainability: a CM-BWM approach
Population growth and rapid urbanization have consequences that are reflected in the economic, environmental, and social stability of city-residential neighborhoods. These impacts directly affect not only residents but also real estate markets and local governments. The professionals working in the...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2022-12-01
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| Series: | International Journal of Strategic Property Management |
| Subjects: | |
| Online Access: | https://journals.vilniustech.lt/index.php/IJSPM/article/view/18310 |
| _version_ | 1811194103474421760 |
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| author | Fábio M. C. Andrade Fernando A. F. Ferreira Ricardo J. C. Correia |
| author_facet | Fábio M. C. Andrade Fernando A. F. Ferreira Ricardo J. C. Correia |
| author_sort | Fábio M. C. Andrade |
| collection | DOAJ |
| description |
Population growth and rapid urbanization have consequences that are reflected in the economic, environmental, and social stability of city-residential neighborhoods. These impacts directly affect not only residents but also real estate markets and local governments. The professionals working in the latter entities have become increasingly concerned about urban sustainability and its strategic integration into their plans. Strategies have been implemented that focus on both addressing negative aspects of residential neighborhoods and enhancing positive features that can contribute to the continuous improvement of locals’ living conditions. This study applies the multiple-criteria decision analysis approach and a combination of cognitive mapping and the best-worst method (BWM) to identify the most relevant criteria and use these to rank residential neighborhoods according to their sustainability. To apply the selected techniques, two group meetings were held with a panel of decision makers. The results were validated by the panel members and the Funchal City Council councilor for urbanism, who concurred that the proposed ranking system facilitates the identification of the most sustainable residential neighborhoods. The contributions and limitations of the methodological approach are also discussed.
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| first_indexed | 2024-04-12T00:20:27Z |
| format | Article |
| id | doaj.art-b7cf0ac386ba4d6b8801c3f7a0b15765 |
| institution | Directory Open Access Journal |
| issn | 1648-715X 1648-9179 |
| language | English |
| last_indexed | 2024-04-12T00:20:27Z |
| publishDate | 2022-12-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | International Journal of Strategic Property Management |
| spelling | doaj.art-b7cf0ac386ba4d6b8801c3f7a0b157652022-12-22T03:55:44ZengVilnius Gediminas Technical UniversityInternational Journal of Strategic Property Management1648-715X1648-91792022-12-0126610.3846/ijspm.2022.18310Ranking residential neighborhoods based on their sustainability: a CM-BWM approachFábio M. C. Andrade0Fernando A. F. Ferreira1Ricardo J. C. Correia2ISCTE Business School, BRU-IUL, University Institute of Lisbon, Avenida das Forças Armadas, 1649-026 Lisbon, PortugalISCTE Business School, BRU-IUL, University Institute of Lisbon, Avenida das Forças Armadas, 1649-026 Lisbon, Portugal; Fogelman College of Business and Economics, University of Memphis, TN 38152-3120 Memphis, USAFaculty of Social Sciences, CiTUR Madeira, University of Madeira, Campus Universitário da Penteada, 9020-105 Funchal, Portugal Population growth and rapid urbanization have consequences that are reflected in the economic, environmental, and social stability of city-residential neighborhoods. These impacts directly affect not only residents but also real estate markets and local governments. The professionals working in the latter entities have become increasingly concerned about urban sustainability and its strategic integration into their plans. Strategies have been implemented that focus on both addressing negative aspects of residential neighborhoods and enhancing positive features that can contribute to the continuous improvement of locals’ living conditions. This study applies the multiple-criteria decision analysis approach and a combination of cognitive mapping and the best-worst method (BWM) to identify the most relevant criteria and use these to rank residential neighborhoods according to their sustainability. To apply the selected techniques, two group meetings were held with a panel of decision makers. The results were validated by the panel members and the Funchal City Council councilor for urbanism, who concurred that the proposed ranking system facilitates the identification of the most sustainable residential neighborhoods. The contributions and limitations of the methodological approach are also discussed. https://journals.vilniustech.lt/index.php/IJSPM/article/view/18310best-worst method (BWM)cognitive mappingmultiple criteria decision analysis (MCDA)real estate marketresidential neighborhoodsustainability |
| spellingShingle | Fábio M. C. Andrade Fernando A. F. Ferreira Ricardo J. C. Correia Ranking residential neighborhoods based on their sustainability: a CM-BWM approach International Journal of Strategic Property Management best-worst method (BWM) cognitive mapping multiple criteria decision analysis (MCDA) real estate market residential neighborhood sustainability |
| title | Ranking residential neighborhoods based on their sustainability: a CM-BWM approach |
| title_full | Ranking residential neighborhoods based on their sustainability: a CM-BWM approach |
| title_fullStr | Ranking residential neighborhoods based on their sustainability: a CM-BWM approach |
| title_full_unstemmed | Ranking residential neighborhoods based on their sustainability: a CM-BWM approach |
| title_short | Ranking residential neighborhoods based on their sustainability: a CM-BWM approach |
| title_sort | ranking residential neighborhoods based on their sustainability a cm bwm approach |
| topic | best-worst method (BWM) cognitive mapping multiple criteria decision analysis (MCDA) real estate market residential neighborhood sustainability |
| url | https://journals.vilniustech.lt/index.php/IJSPM/article/view/18310 |
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