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on Project, Program and Portfolio Management |
| By: | Fieke Noordam; Monique Arkesteijn |
| Abstract: | The (re)construction of hospitals is a complicated process because of the wide range of activities by different users in these buildings. When real estate managers and designers team up with hospital stakeholders, it results in better project outcomes. This collaboration benefits from appropriate visualisation tools. Both physical mock-ups and virtual visualisation tools are no longer an exception in such projects with various stakeholders. Therefore, maximising the contribution of the visualisation tools becomes more critical. Currently, there is a limited knowledge on how visualisation tools are used best to involve the stakeholders within hospital (re)construction projects. This paper addresses the following research question: ‘How can visualisation tools contribute to the involvement of stakeholders in hospital (re)construction project?’ A systematic literature review and three hospital case studies, including 21 stakeholder interviews, have been conducted. The resulting findings are validated by an external expert panel. The findings show that visualisation tools support the involvement of hospital stakeholders by enforcing communication and improving stakeholders understanding. The visualisation tools positively impact: 1) gathering stakeholders design feedback; 2) forming compromises; 3) creating design support and enthusiasm. In general, visualisation tools have a positive effect on stakeholders' involvement; however, it depends on when in the design process and for what purpose the tools are used. Inadequate use of virtual visualisation tools can mislead stakeholders since virtual visualisations show design details that might not be decided yet. The physical mock-ups and virtual visualisation tools have different purposes and complimentary benefits in hospital (re)construction projects. Using the visualisation tools, depending on the to be served purpose, one should gradually show more realistic visualisations. A combination of visualisation tools has the highest impact when in early design phases, coarse physical mock-ups are used, and virtual visualisation tools reveal refinements at a later design phase. |
| Keywords: | Hospitals; stakeholder involvement; visualisation tools; VR |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:arz:wpaper:eres2024-246 |
| By: | Christoph Koenig (DEF, University of Rome "Tor Vergata"); Letizia Borgomeo (Research Department, Intesa Sanpaolo); Martina Miotto (DEM, University of Padova) |
| Abstract: | We study the impact of a government subsidy program in Italy targeted at R&D-intensive projects presented by high-tech startups in 2009. Using the score assigned by the scientific commission to each project, we employ a Regression Discontinuity Design to study how the subsidy affected successful firms’ innovation activity and performance over more than 10 years. We show that the subsidy led to substantial increases in intangible assets and had a lasting positive effect on various dimensions of firm performance. Innovation as measured by patents did not respond to the subsidy. |
| Keywords: | R&D subsidies, High-tech startups, Innovation policy, Firm performance |
| JEL: | D22 G38 L52 O31 O34 O38 |
| Date: | 2024–10–31 |
| URL: | https://d.repec.org/n?u=RePEc:rtv:ceisrp:585 |
| By: | Mohammad Hamida; Greco Angela; Hilde Remoy; Vincent Gruis; Brian van Laar |
| Abstract: | The practical implementation of circular- and adaptable-related strategies in building transformation projects becomes an indispensable action for a resource-efficient and future-proof redevelopment of the built environment. In this regards, using the developed framework for circular building adaptability in adaptive reuse (CBA-AR) by Hamida et al. (2023) in practice seems to be a promising action. However, the CBA-AR framework has not been tested in real world settings, in which knowledge about its usability and effectiveness is immature. Thus, this study aims to test and reflect on the usability and effectiveness of the CBA-AR framework as a guiding tool for practitioners aiming at promoting circularity and adaptability in building transformation projects. An action research- and design research-oriented approach is followed, using a series of exploration- and design-oriented workshops as a primary research method. The experimentation is being carried out on a vacant office building in Rotterdam, the Netherlands. This study directly connects theory and practice by testing and reflecting on the usability and effectiveness of a conceptual framework in the real word. This research contributes to the relevant body of knowledge to CBA in adaptive reuse by bridging the gap among theoretical, empirical and participatory research observations through testing and reflecting of the applicability and effectiveness of a guiding framework in the real world. Scholars can reflect on the lessons learned from this study in developing decision-making tools for circular adaptive reuse. |
| Keywords: | Action Research; Adaptability; Adaptive Reuse; Circular economy |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:arz:wpaper:eres2024-230 |
| By: | Patrinos, Harry Anthony; Tanaka, Nobuyuki |
| Abstract: | Despite efforts to generate more funds for education, current financing in the education sector is inadequate, inefficient, and inequitable to ensure quality education and improve learning outcomes. One way to fill the financing gap is innovative finance, which means not only sourcing new and additional funds but also spending these funds efficiently and effectively. Blended finance, one type of innovative finance, uses public funds to attract private capital to sustainable development projects by minimizing their risk. The use of blended finance has spread over the past decade in the energy sector for example, but there is scope for it to be applied more widely in the education sector. |
| Date: | 2024–04–01 |
| URL: | https://d.repec.org/n?u=RePEc:wbk:hdgewp:189695 |
| By: | Rungsee Benjaanunphong; Pornraht Pongprasert |
| Abstract: | This research aims to analyze the factors affecting the price of condominium projects along the Mass Rapid Transit (MRT) Orange Line, an electric train that is expected to start operation in 2025. It is the main Heavy Rail line connecting Eastern Bangkok suburbs with the city's new Central Business District (New CBD). To provide more opportunities for land development, the city plan of Bangkok has also changed along the Orange Line, especially Ramkhamhaeng Road. The price of land will rise as a result. Researchers are interested about how the price of the condominium will change if additional factors are taken into consideration, such as the project's proximity to the MRT station, the main road, the expressway entrance and exit points, private facilities, and other factors related to the operator's reliability and the expense of the common area. To construct the project and set the price in line with the actual circumstances, this research outcome aims to provide real estate developers with an understanding of the factors that determine the pricing of condominiums along MRT Orange. Buyers of condominiums can use the proper price information to inform their selections. When making investing decisions, investors of stocks in real estate companies could consider this information into consideration and this data can be used as an outline by the Revenue Department to collect land taxes. In this research was used to analyse data from 28 condominium projects along Orange Line with a project life of no more than five years, covering areas close to the new CBD to the Eastern Bangkok suburbs, such as Min Buri. There are a total of 17 factors used in running regression under 3 groups: Locational, Physical and neighborhood characteristics. In result, it is found that 3 factors that affect the price are: Floors, Distance from Train Station and Distance from Department Store. |
| Keywords: | Central Business District (CBD); Condominium; Eastern Bangkok suburbs; MRT Orange Line |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:arz:wpaper:eres2024-239 |
| By: | John (Jianqiu) Bai; William R. Kerr; Chi Wan; Alptug Y. Yorulmaz |
| Abstract: | We study funding gaps on Kickstarter across multiple ethnic groups from 2009-2021. Scaling the concept of racially salient events, we quantify the close co-movement of minority funding gaps in crowd-funding to inflamed political rhetoric surrounding migration. The funding gap for minorities more than doubles in the most inflamed periods compared to baseline. Results are especially acute for Hispanic creators. Distant, mostly white backers are typically important for projects reaching a critical threshold of funding support. Retractions in support for minority creators during tense periods are even spatially, as present in liberal cities as conservative ones. |
| JEL: | D26 G23 J15 L26 M13 |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:33097 |
| By: | Elise Viadere |
| Abstract: | This paper explores why energy-sharing communities need policy support via network tariff adjustments and how to optimally design that support. Findings from a case study indicate that, even with high self-consumption, the energy-sharing model may not ensure participants reach break-even. Counterfactual analyses, using machine-learning techniques, indicate that capacity-term adjustments alone had minimal im-pact on peak consumption. Policy recommendations suggest limiting capacity-term adjustments to communities capable of actively managing peak loads through real-time data and flexible assets. |
| Keywords: | Promoting energy-sharing communities |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:eca:wpaper:2013/384253 |