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The redevelopment mode selection framework for Third Front Brownfields in China
Guiwen Liu1, Zekai Li1, Qingye Han2
1School of Management Science and Real Estate, Chongqing University, 400044, Chongqing, China.
Abstract:
Unlike most brownfields located in the urban center, there is a kind of special brownfields produced in the Third Front Construction (TFC) period of China, and in turn they are named the Third Front Brownfield (TFB) in this paper. In addition to commercial value, other values should also be considered when TFBs are redeveloped, which makes they may need a specific protective reuse way and their revitalization process is relatively slower. Therefore, it is of great significance to study the redevelopment mode of TFBs. Accordingly, this paper presents a redevelopment mode selection framework to support stakeholders' investment decision-making and facilitate the reuse of TFBs. First, a previous case base including two sets is developed to conduct experience mining. In specific, an attribute set and a TFB redevelopment mode set of previous successful cases are established through literatures and expert interviews. Second, the weights of abovementioned attributes are determined by using the G1 method. Third, a concept of matching rate is defined based on the Attribute Similarity Model (ASM) to search the similarity between the new TFB and previous cases so that stakeholders can get advice on the redevelopment of the new TFB. A case study is conducted to show the effectiveness of the proposed framework and some policy suggestions are made according to the study process.
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