D. Boyd and L. Jankovic
Examines the context of design of intelligent buildings. Considersthe potential to create intelligent buildings during refurbishment inthe light of refurbishment limits – quality…
Abstract
Examines the context of design of intelligent buildings. Considers the potential to create intelligent buildings during refurbishment in the light of refurbishment limits – quality and quantity of space, appearance of building. IT and services distribution and environmental performance. Concludes that refurbishment to provide intelligent buildings is viable if IT use is not high and building limits can be overcome, since it is faster, cheaper and more environmentally friendly than redevelopment.
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I Gede Mahatma Yuda Bakti, Sik Sumaedi, Medi Yarmen, Marlina Pandin, Aris Yaman, Rahmi Kartika Jati and Mauludin Hidayat
Recently, autonomous vehicles (AV) acceptance has been studied intensively. This paper aims to map and analyze the bibliometric characteristics of AV acceptance literature…
Abstract
Purpose
Recently, autonomous vehicles (AV) acceptance has been studied intensively. This paper aims to map and analyze the bibliometric characteristics of AV acceptance literature. Furthermore, this research aims to identify research gaps and propose future research opportunities.
Design/methodology/approach
The bibliometric analysis was performed. Scopus database was used as the source of the literature. This study selected and analyzed 297 AV acceptance papers. The performance and science mapping analysis were performed.
Findings
The developed countries tended to dominate the topic. The publication outlet tended to be in transportation or technology journals. There were four research themes in existing literature. Technology acceptance model (TAM) and UTAUT2 tended to be used for explaining AV acceptance. AV acceptance studies tended to use two types of psychological concepts for understanding AV acceptance, namely risk related concepts and functional utilitarian benefit related concepts. In the context of research design, quantitative approach tended to be used. Self-driving feature was the most exploited feature of AV in the existing literature. Three research gaps were mapped and future research opportunities were proposed.
Practical implications
This paper provided a comprehensive information that allowed scientists to develop future research on AV acceptance.
Originality/value
There is lack of paper that discussed the bibliometric characteristics of AV acceptance literature. This paper fulfilled the gap.
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Ana Cascão, Ana Paula Quelhas and António Manuel Cunha
This paper aims to analyze the heuristics and cognitive biases described by behavioral finance in the investment decision-making process of Portugal’s housing market.
Abstract
Purpose
This paper aims to analyze the heuristics and cognitive biases described by behavioral finance in the investment decision-making process of Portugal’s housing market.
Design/methodology/approach
In a first step, the authors applied an exploratory factor analysis (EFA) to assess the impact of heuristics and cognitive biases on investors’ decision-making. In a second step, the authors run a structural equation model (SEM) diagram path to assess if the sociodemographic characteristics of housing market investors determine the identified heuristics and if the heuristics condition the investors’ investment criteria.
Findings
Herd behavior and the heuristics of representativeness, availability and anchoring influence the housing market’s investors’ behavior in their decision-making process. Investors with above-average income show higher levels of overconfidence. Investors showing higher levels of overconfidence also tend to be more sensitive to the house price under analysis for investment. Women tend to show higher levels of the availability and anchoring heuristic. In turn, housing market investors showing higher levels of availability and anchoring heuristic tend to be more sensitive to the price and location of the house under analysis for investment.
Research limitations/implications
The explained variance of the EFA is below 50%, and the root mean square of approximation of the SEM is above the threshold of 0.05. These indicators are evidence of the models’ fragility.
Practical implications
Governments and regulators can better prevent real estate bubbles if they monitor behavioral biases and heuristics of housing investors together with quantitative indicators. Realtors can profit from adapting their marketing strategy and commercial communication to investors of sociodemographic groups more prone to a specific type of heuristics.
Originality/value
To the best of the authors’ knowledge, this is the first study that combines the contributions of behavioral finance with Portugal’s housing investment market and the first study connecting heuristics to investment criteria.
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This special issue of Facilities on “Strategic Issues for Facilities Managers” is very different in style from the editor‐generated issues of this journal, but it has been…
Abstract
This special issue of Facilities on “Strategic Issues for Facilities Managers” is very different in style from the editor‐generated issues of this journal, but it has been designed to achieve a particular purpose. It focuses on the business issues about which facilities managers need to be aware in order to plan the most effective deployment of corporate physical assets. In order that readers can acquire a good understanding of a wide variety of topics in a short period of time, the material is presented in the form of précis and short articles.
Thomas Michael Brunner-Kirchmair and Melanie Wiener
Inspired by new findings on and perceptions of risk governance, such as the necessity of taking a broader perspective in coping with risks in companies and working together in…
Abstract
Purpose
Inspired by new findings on and perceptions of risk governance, such as the necessity of taking a broader perspective in coping with risks in companies and working together in interactive groups with various stakeholders to deal with complex risks in the modern world, the purpose of this paper is looking for new ways to deal with financial risks. Current methods dealing with those risks are confronted with the problems of being primarily based on past data and experience, neglecting the need for objectivity, focusing on the short-term future and disregarding the interconnectedness of different financial risk categories.
Design/methodology/approach
A literature review of risk governance, financial risk management and open foresight was executed to conceptualize solutions to the mentioned-above problems.
Findings
Collaborative financial risk assessment (CFRA) is a promising approach in financial risk governance with respect to overcoming said problems. It is a method of risk identification and assessment, which combines aspects of “open foresight” and the financial risk management and governance literature. CFRA is characterized as bringing together members of different companies in trying to detect weak signals and trends to gain knowledge about the future, which helps companies to reduce financial risks and increase the chance of gaining economic value. By overcoming organizational boundaries, individual companies may gain the knowledge they would probably not have without CFRA and achieve a competitive advantage.
Research limitations/implications
A conceptual paper like the one at hand wants empirical proof. Therefore, the authors developed a research agenda in the form of five propositions for further research.
Originality/value
This paper discusses the existing problems of financial risk identification and assessment methods. It contributes to the existing literature by proposing CFRA as a solution to those problems and adding a new perspective to financial risk governance.
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Thanh Truc Le Gia, Hoang-Anh Dang, Van-Binh Dinh, Minh Quan Tong, Trung Kien Nguyen, Hong Hanh Nguyen and Dinh Quang Nguyen
In many countries, innovation in building design for improving energy performance, reducing CO2 emissions and minimizing life cycle cost has received much attention for…
Abstract
Purpose
In many countries, innovation in building design for improving energy performance, reducing CO2 emissions and minimizing life cycle cost has received much attention for sustainable development. This paper investigates the importance of optimization tools for enhancing the design performance in the early stages of Vietnam's cooling-dominated buildings in hot and humid climates using an integrated building design approach.
Design/methodology/approach
The methodology of this study exploits the non-dominated sorting genetic algorithm (NSGA-II) optimization algorithm coupled with building simulation to research a trade-off between the optimization of investment cost and energy consumption. Our approach focuses on the whole optimization problem of thermal envelope, glazing and energy systems from preliminary design phases. The methodology is then tested for a case study of a non-residential building located in Hanoi.
Findings
The results show a considerable improvement in design performance by our method compared to current building design. The optimal solutions present the trade-off between energy consumption and capital cost in the form of a Pareto front. This helps architects, engineers and investors make important decisions in the early design stages with a large view of impacts of all factors on energy performance and cost.
Originality/value
This is one of the original research to study integrated building design applying the simulation-based genetic optimization algorithm for cooling-dominated buildings in Vietnam. The case study in this article is for a non-residential building in the north of Vietnam but the methodology can also be applied to residential buildings and other regions.
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Brandon McFadden and Troy G. Schmitz
Deficiency of nutrition is generally referred to as malnutrition; however, malnutrition can refer to both overnutrition and undernutrition. Nutrient availability and intake are…
Abstract
Deficiency of nutrition is generally referred to as malnutrition; however, malnutrition can refer to both overnutrition and undernutrition. Nutrient availability and intake are current challenges for society, and these challenges will only intensify as population continues to grow and resources become more stressed. This chapter examines the need for dietary guidelines to increase nutrition security, describes the history of dietary guidelines in the United States, examines compliance and challenges with compliance of dietary guidelines, and finishes with future implications of dietary guidelines. This study concluded that although the purpose of the United States Department of Agriculture (USDA) Dietary Guidelines is to assist Americans in choosing healthy eating patterns and to alleviate the negative health and economic outcomes associated with malnutrition, consumers typically do not follow the USDA Dietary Guidelines due to their inherent complexities and other factors, such as income and access to food which may affect compliance.
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Assesses the methods which can be used to value non‐market propertyassets in the light of increased demands for such valuations in a timeof movement towards greater public…
Abstract
Assesses the methods which can be used to value non‐market property assets in the light of increased demands for such valuations in a time of movement towards greater public accountability. Discusses the inadequacy of current methods of valuation which assume that the property is used for financial gain when no established supply and demand market exists for public property assets. Concludes that a valuation should reflect environmental as well as economic efficiency of buildings.
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Sara J. Wilkinson, Kimberley James and Richard Reed
This paper seeks to establish the rationale for existing office building adaptation within Melbourne, Australia, as the city strives to become carbon neutral by 2020. The problems…
Abstract
Purpose
This paper seeks to establish the rationale for existing office building adaptation within Melbourne, Australia, as the city strives to become carbon neutral by 2020. The problems faced by policy makers to determine which buildings have the optimum adaptation potential are to be identified and discussed.
Design/methodology/approach
This research adopts the approach of creating a database of all the buildings in the Melbourne CBD including details of physical, social, economic and technological attributes. This approach will determine whether relationships exist between attributes and the frequency of building adaptation or whether triggers to adaptation can be determined.
Findings
This research provided evidence that a much faster rate of office building adaptation is necessary to meet the targets already set for carbon neutrality. The findings demonstrate that a retrospective comprehensive examination of previous adaptation in the CBD is a unique and original approach to determining the building characteristics associated with adaptation and whether triggers can be identified based on previous practices. The implication is that a decision‐making tool should be developed to allow policy makers to target sectors of the office building stock to deliver carbon neutrality within the 2020 timeframe.
Practical implications
Drastic reductions in greenhouse gas emissions are required to mitigate global warming and climate change and all stakeholders should be looking at ways of reducing emissions from existing stock.
Originality/value
This paper adds to the existing body of knowledge by raising awareness of the way in which the adaptation of large amounts of existing stock can be fast tracked to mitigate the impact of climate change and warming associated with the built environment, and in addition it establishes a framework for a decision‐making tool for policy makers.
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Ki Pyung Kim and Kenneth Sungho Park
The aim of this research is to examine if building information modelling (BIM) is feasible as an information management platform to determine a financially and environmentally…
Abstract
Purpose
The aim of this research is to examine if building information modelling (BIM) is feasible as an information management platform to determine a financially and environmentally affordable housing refurbishment solution based on the life cycle cost (LCC) and LCC calculation.
Design/methodology/approach
A case study in conjunction with BIM simulation approach using BIM tools (Autodesk Revit and IES VE/IMPACT) was adopted to identify the feasibility of BIM for the simultaneous formulation of LCC and life cycle assessment in housing refurbishment.
Findings
This research reveals that BIM is a suitable for the information management platform to enable construction professionals to consider trade-off relationship between LCC and life cycle assessment simultaneously, and determine the most financially and environmentally affordable refurbishment solution. The interoperability issues in data exchange among different BIM tools and unstandardized BIM object libraries with incomplete data sets of construction materials are recognised as the major shortcomings in a BIM system. Essential remedial actions to overcome the shortcomings in the current BIM tools are identified.
Research limitations/implications
Actual housing information and various refurbishment materials for the BIM simulation are limited.
Practical implications
This research contributes to supporting construction professionals to prepare practical BIM adoption for the integration of the LCC and life cycle assessment that can significantly improve early decision-makings on sustainable housing refurbishment.
Originality/value
This research will contribute to providing proper remedial actions to overcome the shortcomings in the current BIM tools, and insights for construction professionals to understand the implication of BIM-embedded housing refurbishment.