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Heuristic for the localization of new shops based on business and social criteria

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  • Grimaldi, Didier
  • Fernandez, Vicenc
  • Carrasco, Carlos

Abstract

The last financial crisis and the globalisation of the retail industry resulted to a massive close of local shops which leads to an important proportion of unoccupied space in the city. The desertification of the urban economic environment is not only a business issue discouraging the potential investments but also a social problem of security or quality of urban life. Different solutions exist: from the top-down and historical approach based on subsidies to the bottom-up and its different options: the urban entrepreneurship or a more temporary form called successively ‘pop-up’, ‘second-hand’ or ‘urban pioneers’. Nevertheless, all these solutions have in common that the location is an important criteria to achieve a market-led regeneration of the city. Our paper consists on developing a heuristic that prioritises the opening of new shops amongst the void locations based on a business and social criteria. Our results corroborate the convergence of the social, business and technology sciences. They provide a method and a tool for the city managers to monitor and manage the opening of new shops. Included in the policy of the smart city, they allow to decrease the risks of uniformity, ‘mono-business activity’ and gentrification of the neighbourhood.

Suggested Citation

  • Grimaldi, Didier & Fernandez, Vicenc & Carrasco, Carlos, 2019. "Heuristic for the localization of new shops based on business and social criteria," Technological Forecasting and Social Change, Elsevier, vol. 142(C), pages 249-257.
    • Handle: RePEc:eee:tefoso:v:142:y:2019:i:c:p:249-257
    DOI: 10.1016/j.techfore.2018.07.034
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    References listed on IDEAS

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    1. repec:mpr:mprres:4373 is not listed on IDEAS
    2. Chris Richter & Sascha Kraus & Pasi Syrjä, 2015. "The Smart City as an opportunity for entrepreneurship," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 7(3), pages 211-226.
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    Cited by:

    1. Shadi Shayan & Ki Pyung Kim & Tony Ma & Tan Hai Dang Nguyen, 2020. "The First Two Decades of Smart City Research from a Risk Perspective," Sustainability, MDPI, vol. 12(21), pages 1-20, November.
    2. An, Zihao & Xie, Bo & Liu, Qiyang, 2023. "No street is an Island: Street network morphologies and traffic safety," Transport Policy, Elsevier, vol. 141(C), pages 167-181.
    3. Angelo Leogrande & Alessandro Massaro & Maurizio Galiano, 2020. "The Location of Superstores in Italy: A Metric Approach," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 8(1), pages 35-64, May.
    4. Celso Machado Júnior & Daielly Melina Nassif Mantovani Ribeiro & Adriana Backx Noronha Viana & Cristiane Jaciara Furlaneto, 2021. "The development of cities supported by communication and information technologies," Estudios Gerenciales, Universidad Icesi, vol. 37(161), pages 657-667, October.

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