TY - JOUR
T1 - To build or not to build, that is the uncertainty
T2 - Fuzzy synthetic evaluation of risks for sustainable housing in developing economies
AU - Adabre, Michael Atafo
AU - Chan, Albert P.C.
AU - Edwards, David J.
AU - Osei-Kyei, Robert
N1 - Funding Information:
This paper forms part of a research project entitled “Affordable Housing Supply: A Comparative Study between Developed and Developing Economies”, from which other deliverables have been produced with different objectives but sharing common background and methodology. The authors wish to gratefully acknowledge the Research Grants Council (RGC) and the Department of Building and Real Estate, Hong Kong Polytechnic University and the National Research Foundation (NRF), South Africa, for their financial support in conducting this study. The authors are also grateful to the editors and the anonymous reviewers for their insightful comments which helped to improve the quality of this paper.
Publisher Copyright:
© 2022 Elsevier Ltd
PY - 2022/6
Y1 - 2022/6
N2 - Sustainable housing development is essential for achieving the United Nation's Sustainable Development Goals. However, amid increasing housing deficits, investing in sustainable housing is widely perceived as a risky venture among policymakers and potential developers. This study explores the risk factors that hinder sustainable housing in developing economies using Ghana as a case study. Through a comprehensive literature review, a list of 30 risk factors was established and categorized into five thematic groups. These factors and groups were used to conduct a questionnaire survey among professionals in the Ghanaian housing market to assess progress on achieving sustainable development goals in housing and the risk factors that affect these. Fuzzy synthetic evaluation (FSE) analysis conducted on risk factors revealed that ‘financing-related’ is the most critical risk category followed by ‘procurement-related’, ‘design and construction’, ‘operation and maintenance’ and ‘political-related’ risk factors. By prioritizing the risk categories, the findings apprise policymakers and practitioners of the risk factors that require more attention to achieve sustainable housing development. Additionally, the study stipulates measures for mitigating critical risks and for promoting efficient eminent domain on land, energy efficient retrofitting, transparent procurement, effective contractual strategies and efficient co-production and co-designing for sustainable housing development.
AB - Sustainable housing development is essential for achieving the United Nation's Sustainable Development Goals. However, amid increasing housing deficits, investing in sustainable housing is widely perceived as a risky venture among policymakers and potential developers. This study explores the risk factors that hinder sustainable housing in developing economies using Ghana as a case study. Through a comprehensive literature review, a list of 30 risk factors was established and categorized into five thematic groups. These factors and groups were used to conduct a questionnaire survey among professionals in the Ghanaian housing market to assess progress on achieving sustainable development goals in housing and the risk factors that affect these. Fuzzy synthetic evaluation (FSE) analysis conducted on risk factors revealed that ‘financing-related’ is the most critical risk category followed by ‘procurement-related’, ‘design and construction’, ‘operation and maintenance’ and ‘political-related’ risk factors. By prioritizing the risk categories, the findings apprise policymakers and practitioners of the risk factors that require more attention to achieve sustainable housing development. Additionally, the study stipulates measures for mitigating critical risks and for promoting efficient eminent domain on land, energy efficient retrofitting, transparent procurement, effective contractual strategies and efficient co-production and co-designing for sustainable housing development.
KW - Decision analysis
KW - Fuzzy system model
KW - Group decision-making
KW - Multiple criteria evaluation
KW - Risk factors
KW - Sustainable housing
UR - http://www.scopus.com/inward/record.url?scp=85124912738&partnerID=8YFLogxK
U2 - 10.1016/j.cities.2022.103644
DO - 10.1016/j.cities.2022.103644
M3 - Journal article
AN - SCOPUS:85124912738
SN - 0264-2751
VL - 125
JO - Cities
JF - Cities
M1 - 103644
ER -
