A multidimensional decisions modeling framework for built space supply
The spatial and temporal distribution of built space supply plays an important role in shaping urban form and thus the general travel pattern in an urban area. Within an integrated framework, we are interested in modeling the decisions of a builder in terms of when, where, what type, and how much bu...
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| Format: | Article |
| Language: | English |
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University of Minnesota Libraries Publishing
2013-11-01
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| Series: | Journal of Transport and Land Use |
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| Online Access: | https://www.jtlu.org/index.php/jtlu/article/view/350 |
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| _version_ | 1850163317886156800 |
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| author | Bilal Farooq Eric J. Miller Murtaza Haider |
| author_facet | Bilal Farooq Eric J. Miller Murtaza Haider |
| author_sort | Bilal Farooq |
| collection | DOAJ |
| description | The spatial and temporal distribution of built space supply plays an important role in shaping urban form and thus the general travel pattern in an urban area. Within an integrated framework, we are interested in modeling the decisions of a builder in terms of when, where, what type, and how much built space to build. We present a multidimensional discrete-continuous model formulation for the built space supply decisions that are based on expected profit maximization. The framework is applied to estimate a model for supply of new office space in the greater Toronto area (GTA) for the 1986 to 2006 period. To our knowledge, this work is the first that models the where, when, how much, and what type of office space to build in a single econometric framework at a fairly disaggregate spatial zoning system. The results indicate risk taker behavior on the builders’ part, while market conditions and supply of resources (labor, construction cost, etc.) are also found to be important factors in decision making. |
| format | Article |
| id | doaj-art-e8d05a8df36f43e893e1d6f2eee99810 |
| institution | OA Journals |
| issn | 1938-7849 |
| language | English |
| publishDate | 2013-11-01 |
| publisher | University of Minnesota Libraries Publishing |
| record_format | Article |
| series | Journal of Transport and Land Use |
| spelling | doaj-art-e8d05a8df36f43e893e1d6f2eee998102025-08-20T02:22:20ZengUniversity of Minnesota Libraries PublishingJournal of Transport and Land Use1938-78492013-11-016310.5198/jtlu.v6i3.350143A multidimensional decisions modeling framework for built space supplyBilal Farooq0Eric J. Miller1Murtaza Haider2École Polytechnique MontréalCities Centre, University of TorontoRetail Management, Ted Rogers School of Management, Ryerson UniversityThe spatial and temporal distribution of built space supply plays an important role in shaping urban form and thus the general travel pattern in an urban area. Within an integrated framework, we are interested in modeling the decisions of a builder in terms of when, where, what type, and how much built space to build. We present a multidimensional discrete-continuous model formulation for the built space supply decisions that are based on expected profit maximization. The framework is applied to estimate a model for supply of new office space in the greater Toronto area (GTA) for the 1986 to 2006 period. To our knowledge, this work is the first that models the where, when, how much, and what type of office space to build in a single econometric framework at a fairly disaggregate spatial zoning system. The results indicate risk taker behavior on the builders’ part, while market conditions and supply of resources (labor, construction cost, etc.) are also found to be important factors in decision making.https://www.jtlu.org/index.php/jtlu/article/view/350Built space supplyintegrated urban systemschoice modelling |
| spellingShingle | Bilal Farooq Eric J. Miller Murtaza Haider A multidimensional decisions modeling framework for built space supply Journal of Transport and Land Use Built space supply integrated urban systems choice modelling |
| title | A multidimensional decisions modeling framework for built space supply |
| title_full | A multidimensional decisions modeling framework for built space supply |
| title_fullStr | A multidimensional decisions modeling framework for built space supply |
| title_full_unstemmed | A multidimensional decisions modeling framework for built space supply |
| title_short | A multidimensional decisions modeling framework for built space supply |
| title_sort | multidimensional decisions modeling framework for built space supply |
| topic | Built space supply integrated urban systems choice modelling |
| url | https://www.jtlu.org/index.php/jtlu/article/view/350 |
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