Value-Based Decision to Redevelop Transportation Facilities: A Case Study of an Abandoned Airport

Beryl Wong Xin Xian, Yani Rahmawati, Al-Hussein Mohammed Hassan Al-Aidrous, Christiono Utomo, Noor Amila Wan Abdullah Zawawi and Raflis
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Beryl Wong Xin Xian: Department of Civil and Environmental Engineering, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Malaysia
Yani Rahmawati: Department of Civil and Environmental Engineering, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Malaysia
Al-Hussein Mohammed Hassan Al-Aidrous: Department of Civil and Environmental Engineering, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Malaysia
Christiono Utomo: Department of Civil Engineering, Institut Teknologi Sepuluh Nopember, Surabaya 60111, Indonesia
Noor Amila Wan Abdullah Zawawi: Department of Civil and Environmental Engineering, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Malaysia
Raflis: Department of Civil Engineering, Universitas Trisakti, Jakarta 11440, Indonesia

Sustainability, 2021, vol. 13, issue 9, 1-24

Abstract: Value-based decision making is the consideration of function and cost in the decision to select the highest possible option. Reviews to previous studies showed that there is a lack of consideration of the criteria of value in the decision-making process. Hence, this research aims to identify the criteria for redeveloping transportation facilities based on function and cost. The ultimate goal of this research is to select the best value alternative for project redevelopment. An abandoned airport was chosen as the case study to evaluate the decision made by the government to invest in the project of transforming the abandoned airport into a hospital that aims to cater to the increasing demand for healthcare. A quantitative and qualitative approach was applied through literature review, survey, and interview to experts in the area of transportation facilities development. Statistical descriptive analysis was used to analyse the first survey, which was to investigate the critical factors under the category of function. The second survey was conducted to select the most valuable alternative for the redevelopment by utilising the Analytical Hierarchy Process (AHP), and it was found that the transportation hub is the most valuable alternative for redeveloping the abandoned airport. The result was then validated by an expert from the industry, and it can be concluded that the value-based decision-making model can be used in enhancing the decision of the redevelopment of transportation facilities by considering both function and cost.

Keywords: value; transportation facilities; redevelopment; urban land use; decision making (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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