Climate-informed urban design via probabilistic acceptability criterion and Sharpe ratio selection
Ido Nevat ()
Additional contact information
Ido Nevat: TUMCREATE
Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2022, vol. 24, issue 1, No 25, 617-645
Abstract:
Abstract We develop a new framework for selecting an urban design which performs best from an Outdoor Thermal Comfort (OTC) perspective, while taking into account the uncertainty in the OTC preference of individuals. To this end, we first present and develop the notion of Probabilistic Acceptability Criterion (PAC) which is a new method to quantify people’s satisfaction of OTC values, based on data collected from a survey. We develop the PAC for both regression and classification models which are most common statistical analysis methods in the literature. Next, based on the PAC, we develop a new approach to scoring each of the urban designs, based on Binary Probabilistic Impact Function, which extends the widely used deterministic impact function. We show that the score is a random variable which follows a Poisson-Binomial distribution and characterise its parameters. We then use those results and present a new approach for scoring of the urban designs that is based on the Sharpe ratio, which is a widely used metric in financial applications. Our framework is the first model which provides urban designers the ability to evaluate the quality of their urban designs from an OTC point of view, while taking the uncertainty into account in a holistic and rigorous way. We illustrate our framework by applying it to a real case study in Singapore.
Keywords: Urban climate; Urban design; Decision theory (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://link.springer.com/10.1007/s10668-021-01460-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:endesu:v:24:y:2022:i:1:d:10.1007_s10668-021-01460-7
Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668
DOI: 10.1007/s10668-021-01460-7
Access Statistics for this article
Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens
More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().