IDEAS home Printed from https://ideas.repec.org/a/eee/soceps/v93y2024ics0038012124000570.html
   My bibliography  Save this article

Urban expansion effects on real estate ecosystems: Identification and neutrosophic analysis of causal dynamics

Author

Listed:
  • Correia, Inês C.
  • Ferreira, Fernando A.F.
  • Zopounidis, Constantin
  • Ferreira, Neuza C.M.Q.F.

Abstract

Real estate ecosystems are the result of symbiotic relationships between different types of real estate, including residential, commercial, or industrial properties. Maintaining a balance among these categories is essential for these ecosystems’ ability to function properly. Real estate currently is largely a product of urban expansion caused by population increases and distances from primary-sector industries. The unplanned growth of urban areas can have profound consequences for local residents’ health and the environment. However, when well structured, urbanization can have a positive effect on societies’ well-being. The relationship between this expansion and its impact on real estate ecosystems is an extremely complex, subjective topic, so decision makers cannot apply just one solution when making plans. This study develops a multicriteria analysis model to support decision making processes, which provides a structured understanding of urban expansion effects on real estate ecosystems and deals with the inherent subjectivity and complexity of this decision problem. Cognitive mapping and decision-making trial and evaluation laboratory (DEMATEL) technique were combined in a neutrosophic environment to incorporate uncertainty and produce a more realistic analysis system, thereby overcoming various limitations of previous research on urban expansion (e.g., unclear way by which relevant factors/criteria are identified in most cases, and lack of analyses dealing with the dynamics of their causal relationships). Decision makers with professional experience in relevant areas collaborated to provide essential input used to create the proposed model. External experts validated the results, confirming the potential of our analysis system for real-life applications.

Suggested Citation

  • Correia, Inês C. & Ferreira, Fernando A.F. & Zopounidis, Constantin & Ferreira, Neuza C.M.Q.F., 2024. "Urban expansion effects on real estate ecosystems: Identification and neutrosophic analysis of causal dynamics," Socio-Economic Planning Sciences, Elsevier, vol. 93(C).
    • Handle: RePEc:eee:soceps:v:93:y:2024:i:c:s0038012124000570
    DOI: 10.1016/j.seps.2024.101858
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0038012124000570
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.seps.2024.101858?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gunther Maier & Shanaka Herath, 2009. "Real Estate Market Efficiency: A Survey of Literature," ERES eres2009_155, European Real Estate Society (ERES).
    2. Luthra, Sunil & Govindan, Kannan & Mangla, Sachin Kumar, 2017. "Structural model for sustainable consumption and production adoption—A grey-DEMATEL based approach," Resources, Conservation & Recycling, Elsevier, vol. 125(C), pages 198-207.
    3. Eden, Colin, 2004. "Analyzing cognitive maps to help structure issues or problems," European Journal of Operational Research, Elsevier, vol. 159(3), pages 673-686, December.
    4. Eden, Colin & Ackermann, Fran, 2004. "Cognitive mapping expert views for policy analysis in the public sector," European Journal of Operational Research, Elsevier, vol. 152(3), pages 615-630, February.
    5. Valerie Belton & Theodor Stewart, 2010. "Problem Structuring and Multiple Criteria Decision Analysis," International Series in Operations Research & Management Science, in: Matthias Ehrgott & José Rui Figueira & Salvatore Greco (ed.), Trends in Multiple Criteria Decision Analysis, chapter 0, pages 209-239, Springer.
    6. Vieira, Fabiana C. & Ferreira, Fernando A.F. & Govindan, Kannan & Ferreira, Neuza C.M.Q.F. & Banaitis, Audrius, 2022. "Measuring urban digitalization using cognitive mapping and the best worst method (BWM)," Technology in Society, Elsevier, vol. 71(C).
    7. S Bell & S Morse, 2013. "Groups and facilitators within problem structuring processes," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 64(7), pages 959-972, July.
    8. repec:arz:wpaper:eres2009-155 is not listed on IDEAS
    9. Quigley, John M., 2006. "Real estate portfolio allocation: The European consumers' perspective," Journal of Housing Economics, Elsevier, vol. 15(3), pages 169-188, September.
    10. D Shaw & J S Edwards & P M Collier, 2006. "Quid pro quo: Reflections on the value of problem structuring group workshops," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(8), pages 939-949, August.
    11. Vakkas Uluçay & Memet Şahin, 2019. "Neutrosophic Multigroups and Applications," Mathematics, MDPI, vol. 7(1), pages 1-17, January.
    12. Francisco C. Marques & Fernando A. F. Ferreira & Constantin Zopounidis & Audrius Banaitis, 2022. "A system dynamics-based approach to determinants of family business growth," Annals of Operations Research, Springer, vol. 311(2), pages 799-819, April.
    13. Sheng-Li Si & Xiao-Yue You & Hu-Chen Liu & Ping Zhang, 2018. "DEMATEL Technique: A Systematic Review of the State-of-the-Art Literature on Methodologies and Applications," Mathematical Problems in Engineering, Hindawi, vol. 2018, pages 1-33, January.
    14. Lan, Xiujuan & Hu, Zheneng & Wen, Chuanhao, 2023. "Does the opening of high-speed rail enhance urban entrepreneurial activity? Evidence from China," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).
    15. Woo-Jin Shin & Jesse Saginor & Shannon Van Zandt, 2011. "Evaluating Subdivision Characteristics on Single Family Housing Value Using Hierarchical Linear Modelling," Journal of Real Estate Research, American Real Estate Society, vol. 33(3), pages 317-348.
    16. Davis, James C. & Henderson, J. Vernon, 2003. "Evidence on the political economy of the urbanization process," Journal of Urban Economics, Elsevier, vol. 53(1), pages 98-125, January.
    17. Braga, Irina F.B. & Ferreira, Fernando A.F. & Ferreira, João J.M. & Correia, Ricardo J.C. & Pereira, Leandro F. & Falcão, Pedro F., 2021. "A DEMATEL analysis of smart city determinants," Technology in Society, Elsevier, vol. 66(C).
    18. D Shaw, 2006. "Journey Making group workshops as a research tool," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(7), pages 830-841, July.
    19. Pinto, Ana M.F. & Ferreira, Fernando A.F. & Spahr, Ronald W. & Sunderman, Mark A. & Govindan, Kannan & Meidutė-Kavaliauskienė, Ieva, 2021. "Analyzing blight impacts on urban areas: A multi-criteria approach," Land Use Policy, Elsevier, vol. 108(C).
    20. Wang, Ke-Liang & Jiang, Wei & Miao, Zhuang, 2023. "Impact of high-speed railway on urban resilience in China: Does urban innovation matter?," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    21. Ferreira, Fernando A.F. & Spahr, Ronald W. & Sunderman, Mark A. & Govindan, Kannan & Meidutė-Kavaliauskienė, Ieva, 2022. "Urban blight remediation strategies subject to seasonal constraints," European Journal of Operational Research, Elsevier, vol. 296(1), pages 277-288.
    22. Mingers, John & Rosenhead, Jonathan, 2004. "Problem structuring methods in action," European Journal of Operational Research, Elsevier, vol. 152(3), pages 530-554, February.
    23. Bin, Okmyung, 2004. "A prediction comparison of housing sales prices by parametric versus semi-parametric regressions," Journal of Housing Economics, Elsevier, vol. 13(1), pages 68-84, March.
    24. Yaoping Cui & Jiyuan Liu & Xinliang Xu & Jinwei Dong & Nan Li & Yiming Fu & Siqi Lu & Haoming Xia & Bo Si & Xiangming Xiao, 2019. "Accelerating Cities in an Unsustainable Landscape: Urban Expansion and Cropland Occupation in China, 1990–2030," Sustainability, MDPI, vol. 11(8), pages 1-15, April.
    25. Dorsey, Robert E. & Hu, Haixin & Mayer, Walter J. & Wang, Hui-chen, 2010. "Hedonic versus repeat-sales housing price indexes for measuring the recent boom-bust cycle," Journal of Housing Economics, Elsevier, vol. 19(2), pages 75-93, June.
    26. Jinming Yang & Shimei Li & Huicui Lu, 2019. "Quantitative Influence of Land-Use Changes and Urban Expansion Intensity on Landscape Pattern in Qingdao, China: Implications for Urban Sustainability," Sustainability, MDPI, vol. 11(21), pages 1-18, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vieira, Fabiana C. & Ferreira, Fernando A.F. & Govindan, Kannan & Ferreira, Neuza C.M.Q.F. & Banaitis, Audrius, 2022. "Measuring urban digitalization using cognitive mapping and the best worst method (BWM)," Technology in Society, Elsevier, vol. 71(C).
    2. Vaz-Patto, Constança M.R.P. & Ferreira, Fernando A.F. & Govindan, Kannan & Ferreira, Neuza C.M.Q.F., 2024. "Rethinking urban quality of life: Unveiling causality links using cognitive mapping, neutrosophic logic and DEMATEL," European Journal of Operational Research, Elsevier, vol. 316(1), pages 310-328.
    3. Bruno M. B. Pinto & Fernando A. F. Ferreira & Ronald W. Spahr & Mark A. Sunderman & Leandro F. Pereira, 2023. "Analyzing causes of urban blight using cognitive mapping and DEMATEL," Annals of Operations Research, Springer, vol. 325(2), pages 1083-1110, June.
    4. Weck, Marina & Jackson, Eric Blake & Sihvonen, Markus & Pappel, Ingrid, 2022. "Building smart living environments for ageing societies: Decision support for cross-border e-services between Estonia and Finland," Technology in Society, Elsevier, vol. 71(C).
    5. Oliveira, Inês A.S.J. & Carayannis, Elias G. & Ferreira, Fernando A.F. & Jalali, Marjan S. & Carlucci, Daniela & Ferreira, João J.M., 2018. "Constructing home safety indices for strategic planning in residential real estate: A socio-technical approach," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 67-77.
    6. Ferreira, Fernando A.F. & Spahr, Ronald W. & Sunderman, Mark A. & Govindan, Kannan & Meidutė-Kavaliauskienė, Ieva, 2022. "Urban blight remediation strategies subject to seasonal constraints," European Journal of Operational Research, Elsevier, vol. 296(1), pages 277-288.
    7. Pinto, Ana M.F. & Ferreira, Fernando A.F. & Spahr, Ronald W. & Sunderman, Mark A. & Govindan, Kannan & Meidutė-Kavaliauskienė, Ieva, 2021. "Analyzing blight impacts on urban areas: A multi-criteria approach," Land Use Policy, Elsevier, vol. 108(C).
    8. G A Hindle & L A Franco, 2009. "Combining problem structuring methods to conduct applied research: a mixed methods approach to studying fitness-to-drive in the UK," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(12), pages 1637-1648, December.
    9. Vanessa B. Schramm & Fernando Schramm, 2018. "An Approach for Supporting Problem Structuring in Water Resources Management and Planning," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 32(9), pages 2955-2968, July.
    10. Rodrigues, Teresa C. & Montibeller, Gilberto & Oliveira, Mónica D. & Bana e Costa, Carlos A., 2017. "Modelling multicriteria value interactions with Reasoning Maps," European Journal of Operational Research, Elsevier, vol. 258(3), pages 1054-1071.
    11. Durugbo, Christopher M., 2020. "Affordance-based problem structuring for workplace innovation," European Journal of Operational Research, Elsevier, vol. 284(2), pages 617-631.
    12. Francisco C. Marques & Fernando A. F. Ferreira & Constantin Zopounidis & Audrius Banaitis, 2022. "A system dynamics-based approach to determinants of family business growth," Annals of Operations Research, Springer, vol. 311(2), pages 799-819, April.
    13. Braga, Irina F.B. & Ferreira, Fernando A.F. & Ferreira, João J.M. & Correia, Ricardo J.C. & Pereira, Leandro F. & Falcão, Pedro F., 2021. "A DEMATEL analysis of smart city determinants," Technology in Society, Elsevier, vol. 66(C).
    14. White, Leroy, 2016. "Behavioural operational research: Towards a framework for understanding behaviour in OR interventions," European Journal of Operational Research, Elsevier, vol. 249(3), pages 827-841.
    15. Anita Kwartnik-Pruc & Grzegorz Ginda & Anna Trembecka, 2022. "Using the DEMATEL Method to Identify Impediments to the Process of Determining Compensation for Expropriated Properties," Land, MDPI, vol. 11(5), pages 1-21, May.
    16. Maria A. S. Xavier & Fernando A. F. Ferreira & José P. Esperança, 2021. "An intuition-based evaluation framework for social credit applications," Annals of Operations Research, Springer, vol. 296(1), pages 571-590, January.
    17. Manuel D. N. T. Oliveira & Fernando A. F. Ferreira & Guillermo O. Pérez-Bustamante Ilander & Marjan S. Jalali, 2017. "Integrating cognitive mapping and MCDA for bankruptcy prediction in small- and medium-sized enterprises," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(9), pages 985-997, September.
    18. Sébastien Damart, 2010. "A Cognitive Mapping Approach to Organizing the Participation of Multiple Actors in a Problem Structuring Process," Group Decision and Negotiation, Springer, vol. 19(5), pages 505-526, September.
    19. Gomes, Luís S. & Santos, Sérgio P. & Coelho, Luís Serra & Rebelo, Efigénio L., 2023. "Using MCDA to assist an Intermunicipal community develop a resilience strategy in face of the pandemic caused by the SARS-CoV-2," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    20. Ana Rita S. C. Azevedo & Fernando A. F. Ferreira, 2019. "Analyzing the dynamics behind ethical banking practices using fuzzy cognitive mapping," Operational Research, Springer, vol. 19(3), pages 679-700, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:soceps:v:93:y:2024:i:c:s0038012124000570. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/seps .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.