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Rethinking Brownfield Redevelopment Features through Fuzzy Delphi Method

Brano Glumac, Qi Han, Jos Smeets and Wim Schaefer

The Valuation Journal, 2011, vol. 6, issue 1, 126-147

Abstract: A Brownfield is well described in various definitions and its redevelopment is seen as generating numerous benefits for the society. Further on, the existing literature covers a broad range of different aspects of the Brownfield redevelopment thus enhancing its different features. Still at present, there is no overview of the Brownfield features from the perspective of the real estate that focuses on the physical characteristics of the site and the legal-financial characteristics of the property, two fundamental elements of the Brownfield development. This paper contributes to the literature survey that was deployed based on this perspective. Additionally, it focuses on the features relevant to the Brownfield redevelopment that serves as an input for the Fuzzy Delphi technique that derived from the traditional Delphi method and Fuzzy Set Theory. The survey was deployed among experts that were grouped according to specific goals and tasks. This paper aims to find out if the different groups value the relevance of the Brownfield redevelopment features in the same way and what are the relevant features. Fuzzy Delphi technique is considered as an excellent tool to gather and abbreviate information for identifying the key features of the Brownfield redevelopment. Generating the custom data from the experts can directly have operational advantages as well since the available databases are often not sufficient to conduct analysis and derive conclusions on the Brownfield redevelopment.

JEL-codes: R12 R33 C63 C44 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:vaj:journl:v:6:y:2011:i:1:p:126-147