Responsible property investment criteria developed using the Delphi Method

Pivo, Gary

doi:10.1080/09613210701574795

Cited by 41 publications

(36 citation statements)

References 19 publications

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Section: Consensus Measurementmentioning

confidence: 99%

“…It can be construed that the W value should be increased along with a successive Delphi survey rounds. Within the identified Delphi papers, the W value ranged from 0.234 to 0.600 (Hon et al 2012;Pivo 2008).Chi-square should be recommended to be adopted when the number of variables to be evaluated is larger than seven (Siegel and Castellan 1988). Views of the Delphi panelists reach a consensus when the computed Chi-square value is larger than the critical Chi-square value (Ke et al 2010;2011; Hon et al 2012).…”

mentioning

confidence: 99%

“…Six papers were devoted to this area. These studies mainly employed Delphi to evaluate the effectiveness and outcomes of innovative technologies and systems (Karlsson et al 2008; Cooke et al 2008; Dawood and Sikka 2009; Dawood 2010;Lin et al 2011).Four papers on cost and schedule were identified (Chau 1995;Shaheen et al 2007;Pivo 2008;. These studies mainly used Delphi as forecasting and evaluation tools.…”

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confidence: 99%

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Application of Delphi Method in Construction Engineering and Management Research: A Quantitative Perspective

Ameyaw

Shan

et al. 2016

Journal of Civil Engineering and Management

191

196

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Abstract. The Delphi method has been used as a main research method by a growing number of researchers in the Construction Engineering and Management (CEM) field in the past two decades. Although a number of studies are available on the use of Delphi, few researchers fully examine the potential of the Delphi method in the combined use of statistical techniques, which is an inevitable trend for future Delphi research. This paper aims to review the combined use of Delphi and other quantitative methods in the CEM field based on a structured literature review of 88 relevant papers. All of the 88 papers are systematically identified from ten well-known peer-reviewed CEM journals published in the period of 1990-2012. Topic coverage, application requirements, and statistical techniques in the 88 Delphi papers are reviewed. The mix use of the Delphi method with three advanced modelling methods, such as Fuzzy Sets, Analytical Hierarchy Process, and Analytical Network Process is also examined. These review results provide practical references for researchers having interests in applying Delphi method in CEM research.Keywords: Delphi method; Construction engineering and management research; Quantitative perspective; Review IntroductionThe Delphi method is a structured communication and consensus building approach amongst a group of experts on a complex problem (Chan et al. 2001). This method refers to an iterative process where consensus is often reached through rounds of feedbacks of experts' opinion and judgment on a particular subject (Hallowell and Gambatese 2010b). Although sometimes the reliability of the findings derived from a Delphi study may raise some controversy because of the inappropriate design and execution of the Delphi study, such as shortcomings of the survey instrument, poor choice of experts, weak bias control, unreliable analyses, and limited feedback during the study (Gupta and Clarke 1996;Keeney et al. 2001), the Delphi method remains a particularly useful alternative for the situation when objective data are unattainable, there is a lack of empirical evidence, or experimental research is unrealistic or unethical (Hallowell and Gambatese 2010b).As an established profession in the construction industry, CEM is a practice-driven field in nature. Many research questions in this field need to address the impacts of individuals, organizations and the society on construction management activities, particularly those on planning, forecasting and decision making activities (Fellows and Liu 2009). The key to resolve these problems should draw upon the collective knowledge and experience of selected experts in a given area. By contrast to other methods such as interviews, Delphi provides a more reliable and efficient alternative for solving these problems with high uncertainty (Chan et al. 2001). Therefore, a growing number of researchers have adopted Delphi method in CEM research since the early 1990s (Hallowell and Gambatese 2010b).Although many researchers regard Delphi as a qualitative method (Hasson et ...

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Section: Consensus Measurementmentioning

confidence: 99%

mentioning

confidence: 99%

mentioning

confidence: 99%

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Application of Delphi Method in Construction Engineering and Management Research: A Quantitative Perspective

Ameyaw

Shan

et al. 2016

Journal of Civil Engineering and Management

191

196

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“…[NOTE: Include UN discussion on the difference between RPI and SPI; Pivo, 2008;Ellison and Sayce, 2007] While there have been significant efforts to standardize investment performance data and reporting systems within the investment community, this has not yet trickled into the sustainability debate related to real estate assets. "For the demand side of the property industry to make effective progress in understanding, measuring and improving sustainability of commercial real estate a common set of metrics through which sustainability performance can be measured in required" (Ellison and Brown, 2010).…”

Section: Implications For the Commercial Real Estate Marketmentioning

confidence: 99%

“…has attempted to standardize definitions, terminology and best practices for social responsibility across the globe, including the identification of '7 Core Subjects' that need to be considered, while the Global Reporting Initiative, G3 is currently the most utilized global standard for reporting of corporate social sustainability results (Pivo, 2008). While both provide a framework for incorporating (social) equity into assessment rating systems , neither has entered into the real estate industry with regard to standardizing asset level data collection and reporting practices.…”

Section: The Rio Declaration On Environment and Development -A Statemmentioning

confidence: 99%

Assessing Assessment: Toward a More Holistic Rating System for Sustainability Performance

Christensen¹

2011

Proceedings of the 18th Annual European Real Estate Society Conference - Eindhoven, the Netherlands

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This paper investigates the evolution of the multitude of alternative building certification/ assessment rating systems around the world. In addition, the paper compares best practices, with a particular focus on the two most commonly used and/or modified environmental assessment systems -LEED (Leadership in Environmental and Energy Design) and BREEAM (Building Research Establishment Environmental Assessment Method).In order for these certification/assessment rating systems to continue to push for innovation, it will be important that they begin to converge and speak the same language, so this paper will explore the different philosophies and business models from which they have evolved. Similarities will be identified, topics of significant difference will be highlighted, and strengths and weaknesses of each system currently being applied will be described. Issues that remain to be tackled by the rating systems -e.g. such as a need to move beyond checklists to better performance indicators that measure performance more holistically -are identified for further research.

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Sustainable Commercial Property

Dixon¹,

Calvello²

2009

Environmental Alpha

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Responsible property investment criteria developed using the Delphi Method

Cited by 41 publications

References 19 publications

Application of Delphi Method in Construction Engineering and Management Research: A Quantitative Perspective

Application of Delphi Method in Construction Engineering and Management Research: A Quantitative Perspective

Assessing Assessment: Toward a More Holistic Rating System for Sustainability Performance

Sustainable Commercial Property

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