Application of System Dynamics to Project Management in Old Urban Redevelopment

Abstract

Old urban redevelopment project management, compared with traditional project management, features multiobjectives, multi-feedback loops and complex nonlinear. In this paper, system dynamics approach is introduced into the project management in old urban redevelopment, and the characteristics of system dynamics in old urban redevelopment management are discussed and highlighted by studying on the interactions and responses among the three subsystems through feedback analyzing of the systemic behaviors. Systemic controlling and system dynamics modeling are described to demonstrate the project dynamics. Using a case study by computer simulation, effective countermeasures of systemic controlling are represented in old urban redevelopment project management on the whole.

Application of System Dynamics to Evaluate the Social and Economic Benefits of Infrastructure Projects

“…Stave [46] used SD to provide the framework for improving public participation in the decision making processes regarding environmental policy. Yang et al [47] have applied SD to model the redevelopment of old urban areas. In these works, a number of outcomes were uncovered through exercising SD models of old urban areas that were counterintuitive; for example, the policy of building low-cost public housing in decayed inner cities was making poverty and unemployment worse not better.…”