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Prof. Antonio Nesticò
Department of Civil Engineering, University of Salerno

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Conference paper
Published: 10 April 2021 in Soil and Recycling Management in the Anthropocene Era
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The programmatic guidelines provided by the European Community encourage Member States to invest more and more in the energy infrastructure sector in order to promote sustainable development. These are projects characterized not only by high complexity profiles but also above all by multiple risk rates, including extra-financial ones. Thus, the aim of this paper is to characterize an innovative risk assessment protocol that overcomes the limits of the economic evaluation techniques generally used in practice. This can be done by characterizing a decisional protocol that allows providing objective criteria for the acceptability of the investment risk, considering also the social and environmental implications that the initiatives of the energy sector generate on the community. The innovative idea is based on the integration of the logic “As Low As Reasonably Practicable” (ALARP) in the procedural schemes of Cost‒Benefit Analysis (CBA). In accordance with the ALARP principle, widely applied to problems concerning health and safety in high-risk sectors such as industrial engineering, a risk is tolerable when the costs to reduce it further are disproportionate to the benefits obtainable. The attempt to use the ALARP logic in the management of investment risk leads to defining a useful tool for informing on the financial, economic and social sustainability of the project initiative. This with consequent repercussions on the entire process of resource allocation is to be earmarked for the environmental sector and, specifically, for the energy.

ACS Style

Antonio Nesticò; Gianluigi De Mare; Shuquan He; Gabriella Maselli. An Environmental and Financial Risk Assessment Protocol for the Investments in the Energy Sector. Soil and Recycling Management in the Anthropocene Era 2021, 2069 -2074.

AMA Style

Antonio Nesticò, Gianluigi De Mare, Shuquan He, Gabriella Maselli. An Environmental and Financial Risk Assessment Protocol for the Investments in the Energy Sector. Soil and Recycling Management in the Anthropocene Era. 2021; ():2069-2074.

Chicago/Turabian Style

Antonio Nesticò; Gianluigi De Mare; Shuquan He; Gabriella Maselli. 2021. "An Environmental and Financial Risk Assessment Protocol for the Investments in the Energy Sector." Soil and Recycling Management in the Anthropocene Era , no. : 2069-2074.

Journal article
Published: 06 January 2021 in Journal of Cleaner Production
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This study deals with the perspective of circular economy (CE) transition in the Construction and Demolition Waste Management (C&DWM) system of the Metropolitan City of Naples (Italy). It assesses the current building materials stored in the existing buildings and C&DW generation, composition and management, by means of public databases, i-Tree Canopy software and SWOT analysis (Strengths, Weaknesses, Opportunities and Threats). The final goal is to provide useful feedbacks to the city Administration and stakeholders to increase and improve the management of existing C&DW flows. The statistical database and the use of i-Tree Canopy for geographical assessment point out a large amount of building materials stocked in the existing buildings and potentially available, while results of the SWOT analysis, combined with TOWS matrix, show that the transition to CE in the C&DW management systems in the Metropolitan City of Naples still is at an early stage due to several weaknesses. The latter regard the lack of demand for recycled products, the lack of data in the end-of-life stage of recycling, and the presence of a high fraction of mixed C&DW reflecting the low adoption of reduction measures on C&D sites. Solutions are proposed with the purpose of better realigning the C&DWM system according to the CE principles as well as to increased sustainability.

ACS Style

Silvio Cristiano; Patrizia Ghisellini; Gianni D’Ambrosio; Jingyan Xue; Antonio Nesticò; Francesco Gonella; Sergio Ulgiati. Construction and demolition waste in the Metropolitan City of Naples, Italy: State of the art, circular design, and sustainable planning opportunities. Journal of Cleaner Production 2021, 293, 125856 .

AMA Style

Silvio Cristiano, Patrizia Ghisellini, Gianni D’Ambrosio, Jingyan Xue, Antonio Nesticò, Francesco Gonella, Sergio Ulgiati. Construction and demolition waste in the Metropolitan City of Naples, Italy: State of the art, circular design, and sustainable planning opportunities. Journal of Cleaner Production. 2021; 293 ():125856.

Chicago/Turabian Style

Silvio Cristiano; Patrizia Ghisellini; Gianni D’Ambrosio; Jingyan Xue; Antonio Nesticò; Francesco Gonella; Sergio Ulgiati. 2021. "Construction and demolition waste in the Metropolitan City of Naples, Italy: State of the art, circular design, and sustainable planning opportunities." Journal of Cleaner Production 293, no. : 125856.

Journal article
Published: 01 December 2020 in Valori e Valutazioni
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ACS Style

Maria Rosaria Guarini; Antonio Nesticò; Pierluigi Morano; Francesco Sica. Urban rent control: a decision support tool for the optimal resources allocation between urban forest projects. Valori e Valutazioni 2020, 27, 77 -90.

AMA Style

Maria Rosaria Guarini, Antonio Nesticò, Pierluigi Morano, Francesco Sica. Urban rent control: a decision support tool for the optimal resources allocation between urban forest projects. Valori e Valutazioni. 2020; 27 ():77-90.

Chicago/Turabian Style

Maria Rosaria Guarini; Antonio Nesticò; Pierluigi Morano; Francesco Sica. 2020. "Urban rent control: a decision support tool for the optimal resources allocation between urban forest projects." Valori e Valutazioni 27, no. : 77-90.

Conference paper
Published: 03 October 2020 in Transactions on Petri Nets and Other Models of Concurrency XV
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The paper explores the theme of sponsorship aimed at enhancing the historical-architectural heritage, analyzing the point of view of companies. Specifically, a static analysis model proposed in a previous paper, whose objective is to establish the optimal amount to invest in sponsorship to maximize business profit, is integrated with an innovative model that allows the company to assess the degree of financial efficiency of the investment, i.e. its productivity \( \Upsilon \). The latter depends on a series of variables that characterize both the monument to be enhanced, the location in which it is located, and the sponsorship strategy adopted by the company. However, in the case of sponsorship of recovery/restoration work, the critical variable that most affects the efficiency of the investment is the number of visitors to the location where the monument is located (direct audience). This is because as the number of visitors increases, the level of exposure to the sponsorship message increases. Therefore, we assume two functional relationships, one linear and the other logarithmic, which correlate financial efficiency to the average number of visitors. In this way, the advantage of the company is twofold. On the one hand, it has the opportunity to maximize profits by investing the optimal amount of sponsorship. On the other hand, it can choose the level of productivity of the investment by deciding to finance the monument of a specific location according to its degree of exposure.

ACS Style

Luigi Dolores; Maria Macchiaroli; Gianluigi De Mare; Antonio Nesticò; Gabriella Maselli; Elena Merino Gómez. The Estimation of the Optimal Level of Productivity for Sponsors in the Recovery and Enhancement of the Historical-Architectural Heritage. Transactions on Petri Nets and Other Models of Concurrency XV 2020, 12253, 285 -299.

AMA Style

Luigi Dolores, Maria Macchiaroli, Gianluigi De Mare, Antonio Nesticò, Gabriella Maselli, Elena Merino Gómez. The Estimation of the Optimal Level of Productivity for Sponsors in the Recovery and Enhancement of the Historical-Architectural Heritage. Transactions on Petri Nets and Other Models of Concurrency XV. 2020; 12253 ():285-299.

Chicago/Turabian Style

Luigi Dolores; Maria Macchiaroli; Gianluigi De Mare; Antonio Nesticò; Gabriella Maselli; Elena Merino Gómez. 2020. "The Estimation of the Optimal Level of Productivity for Sponsors in the Recovery and Enhancement of the Historical-Architectural Heritage." Transactions on Petri Nets and Other Models of Concurrency XV 12253, no. : 285-299.

Conference paper
Published: 02 October 2020 in Algorithms and Data Structures
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The uncontrolled expansion of built-up areas and of multiple forms of poverty, on a global level, determines a new geography of degradation, extended both to suburbs and to central zones, thus exposing cities, in their entirety, at risk of peripheralization. In this framework, counteracting actions at the urban scale, such as regeneration programmes, need to be targeted primarily at areas of significant risk, occurring with a combination of vulnerability factors, in three dimensions: social, building and urban. Furthermore, in order to be effective, such programmes must be geared to maximizing risk mitigation. This is possible when the planning of interventions takes into account the evaluation results of the better design alternative in order to reduce pre-existing vulnerability. Such an approach constitutes the novelty of the study. So, the aim of the work is to provide an innovative model for the mitigation of peripheralization risk at urban scale. For this purpose, the contribution defines a set of mitigation indicators and a protocol for evaluating the most effective design alternative based on the Analytic Hierarchy Process (AHP).

ACS Style

Gerundo Roberto; Nesticò Antonio; Marra Alessandra; Carotenuto Maria. A Model to Mitigate the Peripheralization Risk at Urban Scale. Algorithms and Data Structures 2020, 12250, 928 -939.

AMA Style

Gerundo Roberto, Nesticò Antonio, Marra Alessandra, Carotenuto Maria. A Model to Mitigate the Peripheralization Risk at Urban Scale. Algorithms and Data Structures. 2020; 12250 ():928-939.

Chicago/Turabian Style

Gerundo Roberto; Nesticò Antonio; Marra Alessandra; Carotenuto Maria. 2020. "A Model to Mitigate the Peripheralization Risk at Urban Scale." Algorithms and Data Structures 12250, no. : 928-939.

Conference paper
Published: 30 September 2020 in Transactions on Petri Nets and Other Models of Concurrency XV
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The value of water as a resource has now been recognized on a global scale, albeit with different levels of awareness due to its availability and accessibility. All western countries have regulated the management sector of this resource (Integrated Water System – SII), regarding both its distribution as well as the purification and collection of sewage waste. Italy has also moved towards privatizing its management, proposing a collaborative mechanism between the public regulatory Authority and the private operator. The investments for the maintenance and development of the asset are therefore supported by the private investors. The model proposed in this work is based on the use of AHP to encourage the conciliation of opposing interests and rationalize a rather complex regulatory phase. It facilitates the selection of technical investment alternatives for the improvement of the SII supply standards.

ACS Style

Maria Macchiaroli; Luigi Dolores; Vincenzo Pellecchia; Gianluigi De Mare; Antonio Nesticò; Gabriella Maselli. Application to a Player Operating in Italy of an AHP Model for the Identification of the Most Advantageous Technical Alternatives in the Management of the Integrated Water Service. Transactions on Petri Nets and Other Models of Concurrency XV 2020, 12255, 146 -161.

AMA Style

Maria Macchiaroli, Luigi Dolores, Vincenzo Pellecchia, Gianluigi De Mare, Antonio Nesticò, Gabriella Maselli. Application to a Player Operating in Italy of an AHP Model for the Identification of the Most Advantageous Technical Alternatives in the Management of the Integrated Water Service. Transactions on Petri Nets and Other Models of Concurrency XV. 2020; 12255 ():146-161.

Chicago/Turabian Style

Maria Macchiaroli; Luigi Dolores; Vincenzo Pellecchia; Gianluigi De Mare; Antonio Nesticò; Gabriella Maselli. 2020. "Application to a Player Operating in Italy of an AHP Model for the Identification of the Most Advantageous Technical Alternatives in the Management of the Integrated Water Service." Transactions on Petri Nets and Other Models of Concurrency XV 12255, no. : 146-161.

Conference paper
Published: 29 September 2020 in Transactions on Petri Nets and Other Models of Concurrency XV
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The variables that influence the price formation mechanisms of urban real estate units concern both the socio-economic both the infrastructural and environmental system of the city. In literature, the links between real estate and territory are not widely investigated. This is especially with reference to the correlation levels between Real Estate Prices and the provision of urban greening. In this perspective, aim of the research is to examine functional relations between property prices, environmental factors, and socio-economic parameters. The applied methodology is based on statistical correlation analysis. This supports the construction of an innovative model for the estimation of the function that explains the dependence of property values on social and environmental factors that characterize the city. The elaborations concern data derived with the Tool i-Tree Landescape. Through Geographic Information Systems (GIS), these data are useful to obtain thematic maps illustrating the spatial distribution of Real Estate Prices, Tree Cover, and Per-Capita Income. The surveyed geographical units are the Census Blocks of Buffalo City in New York State (USA).

ACS Style

Antonio Nesticò; Theodore Endreny; Maria Rosaria Guarini; Francesco Sica; Debora Anelli. Real Estate Values, Tree Cover, and Per-Capita Income: An Evaluation of the Interdependencies in Buffalo City (NY). Transactions on Petri Nets and Other Models of Concurrency XV 2020, 12251, 913 -926.

AMA Style

Antonio Nesticò, Theodore Endreny, Maria Rosaria Guarini, Francesco Sica, Debora Anelli. Real Estate Values, Tree Cover, and Per-Capita Income: An Evaluation of the Interdependencies in Buffalo City (NY). Transactions on Petri Nets and Other Models of Concurrency XV. 2020; 12251 ():913-926.

Chicago/Turabian Style

Antonio Nesticò; Theodore Endreny; Maria Rosaria Guarini; Francesco Sica; Debora Anelli. 2020. "Real Estate Values, Tree Cover, and Per-Capita Income: An Evaluation of the Interdependencies in Buffalo City (NY)." Transactions on Petri Nets and Other Models of Concurrency XV 12251, no. : 913-926.

Conference paper
Published: 29 September 2020 in Transactions on Petri Nets and Other Models of Concurrency XV
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This paper aims to define an innovative method to estimate the investment risk thresholds, in order to provide the analyst with essential terms for the economic evaluation of the projects. The idea is to borrow from the As Low As Reasonably Practicable (ALARP) principle the concepts of the acceptability threshold and tolerability threshold of risk. Following this principle, generally used to assess the risk of human life loss, a risk is ALARP: when the costs for its mitigation appear to be disproportionate to the achievable benefits; that is when it lies between the unacceptable and the broadly acceptable region. To estimate the thresholds of acceptability and tolerability, the theoretical reference is the Capital Asset Pricing Model (CAPM), which enables to compare the investment risk not only to the return of the production sector in which the project under consideration falls, but also to the return of the market as a whole. The combined use of CAPM and statistical survey methods makes it possible to attribute the two risk thresholds to investments in a specific sector. In this paper, the focus is on risk assessment for building construction projects. For this production sector, the proposed analysis model is implemented with reference to official data concerning the Italian economy.

ACS Style

Gabriella Maselli; Antonio Nesticò; Gianluigi De Mare; Elena Merino Gómez; Maria Macchiaroli; Luigi Dolores. Estimation of Risk Levels for Building Construction Projects. Transactions on Petri Nets and Other Models of Concurrency XV 2020, 12251, 836 -851.

AMA Style

Gabriella Maselli, Antonio Nesticò, Gianluigi De Mare, Elena Merino Gómez, Maria Macchiaroli, Luigi Dolores. Estimation of Risk Levels for Building Construction Projects. Transactions on Petri Nets and Other Models of Concurrency XV. 2020; 12251 ():836-851.

Chicago/Turabian Style

Gabriella Maselli; Antonio Nesticò; Gianluigi De Mare; Elena Merino Gómez; Maria Macchiaroli; Luigi Dolores. 2020. "Estimation of Risk Levels for Building Construction Projects." Transactions on Petri Nets and Other Models of Concurrency XV 12251, no. : 836-851.

Journal article
Published: 28 September 2020 in Sustainability
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The term peripheralization indicates a process that can generate social, physical, and environmental degradation in urban areas. In the light of the new urban geography and the socio-economic trends taking place globally, there is a risk that the typical decay of a peripheral condition may affect city in their entirety, regardless of spatial proximity to its centre. Then, regeneration interventions should be targeted primarily at areas with a significant peripheralization risk, understood as a combination of potential degradation factors. Consequently, the decision-makers’ choice of the best design alternative should be informed by the knowledge of pre-existing vulnerability levels, and oriented towards the solution that maximizes their reduction. This is possible when the planning of interventions in the most vulnerable areas, through Urban Regeneration Programs, is able to take into account the results of the project alternatives economic evaluation. Such an approach constitutes the main novelty of the study. So, the aim of the work is to provide a decision support model for the evaluation of urban regeneration interventions effectiveness in areas of high peripheralization risk. To this end, the contribution defines a set of mitigation indicators and the assessment of the most effective design alternative through analytic hierarchy process (AHP). The proposed model was applied to an area of Marcianise Municipality, in Campania Region (Italy).

ACS Style

Roberto Gerundo; Antonio Nesticò; Alessandra Marra; Maria Carotenuto. Peripheralization Risk Mitigation: A Decision Support Model to Evaluate Urban Regeneration Programs Effectiveness. Sustainability 2020, 12, 8024 .

AMA Style

Roberto Gerundo, Antonio Nesticò, Alessandra Marra, Maria Carotenuto. Peripheralization Risk Mitigation: A Decision Support Model to Evaluate Urban Regeneration Programs Effectiveness. Sustainability. 2020; 12 (19):8024.

Chicago/Turabian Style

Roberto Gerundo; Antonio Nesticò; Alessandra Marra; Maria Carotenuto. 2020. "Peripheralization Risk Mitigation: A Decision Support Model to Evaluate Urban Regeneration Programs Effectiveness." Sustainability 12, no. 19: 8024.

Conference paper
Published: 01 September 2020 in Blockchain Technology and Innovations in Business Processes
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The discounting of costs and benefits is a critical operation when projects, plans and programmes with long-term extra-financial effects need to be assessed. Therefore, the aim of the paper is first to show the potential deriving from the use of specific procedures to discount the environmental impact of the investment, then to define a probabilistic model for the estimate of the “ecological” Declining Discount Rate and “economic” Declining Discount Rate. The implementation of the model to the data of the Italian economy returns an ecological discount rate lower than the economic one. This means giving more weight to environmental externalities rather than strictly financial repercussions. This has a clear impact on the decision-making process for projects with intergenerational environmental implications.

ACS Style

Antonio Nesticò; Gabriella Maselli. Cost-Benefit Analysis and Ecological Discounting. Blockchain Technology and Innovations in Business Processes 2020, 440 -450.

AMA Style

Antonio Nesticò, Gabriella Maselli. Cost-Benefit Analysis and Ecological Discounting. Blockchain Technology and Innovations in Business Processes. 2020; ():440-450.

Chicago/Turabian Style

Antonio Nesticò; Gabriella Maselli. 2020. "Cost-Benefit Analysis and Ecological Discounting." Blockchain Technology and Innovations in Business Processes , no. : 440-450.

Conference paper
Published: 01 September 2020 in Blockchain Technology and Innovations in Business Processes
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Small towns are a widespread heritage that needs to be protected and valorized because it preserves identity and community values. The de-marginalisation and depopulation phenomena of which they are affected call for rapid actions with effective and organic strategies. Hence the purpose of the work, aimed at characterizing a multi-criteria analysis tool useful to express judgements on economic convenience of small towns valorization projects. Thus, in the light of the sustainable development principles, analysis criteria and sub-criteria are first defined. Evaluation indices are then selected and proposed with regard to the historical-architectural criteria. Research perspectives are in the study conclusions.

ACS Style

Emanuela D’Andria; Pierfrancesco Fiore; Antonio Nesticò. Historical-Architectural Components in the Projects Multi-criteria Analysis for the Valorization of Small Towns. Blockchain Technology and Innovations in Business Processes 2020, 652 -662.

AMA Style

Emanuela D’Andria, Pierfrancesco Fiore, Antonio Nesticò. Historical-Architectural Components in the Projects Multi-criteria Analysis for the Valorization of Small Towns. Blockchain Technology and Innovations in Business Processes. 2020; ():652-662.

Chicago/Turabian Style

Emanuela D’Andria; Pierfrancesco Fiore; Antonio Nesticò. 2020. "Historical-Architectural Components in the Projects Multi-criteria Analysis for the Valorization of Small Towns." Blockchain Technology and Innovations in Business Processes , no. : 652-662.

Conference paper
Published: 01 September 2020 in Blockchain Technology and Innovations in Business Processes
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The evaluation of alternative scenarios of urban and territorial transformation is complex decision problem, the resolution of which requires the simultaneous consideration of issues not only technical, but also social, cultural and environmental, based on a pluralistic and systemic vision of the problem. The Multi-Criteria Analysis (MCA) techniques offer an effective help in this direction, which provide a rational methodology of choice capable of taking into account multiple objectives to be pursued. The aim of the paper is to define a multi-criteria evaluation model useful for selecting the best compromise combination of projects that must make up an integrated urban regeneration program. The novelty of the research consists in combining the Analytical Network Process (ANP) with the Zero-One Goal Programming (ZOGP), where the ANP allows to express the interdependence relations between the criteria, as well as between criteria and projects, while the ZOGP allows to consider requirements and constraints of the reference system. The actual application of the model may have repercussions on the processes of allocating public resources, thus constituting an economic policy tool.

ACS Style

Antonio Nesticò; Cristina Elia. An Economic Model for Selecting Urban-Scale Projects. Blockchain Technology and Innovations in Business Processes 2020, 705 -715.

AMA Style

Antonio Nesticò, Cristina Elia. An Economic Model for Selecting Urban-Scale Projects. Blockchain Technology and Innovations in Business Processes. 2020; ():705-715.

Chicago/Turabian Style

Antonio Nesticò; Cristina Elia. 2020. "An Economic Model for Selecting Urban-Scale Projects." Blockchain Technology and Innovations in Business Processes , no. : 705-715.

Conference paper
Published: 01 September 2020 in Blockchain Technology and Innovations in Business Processes
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The market value of urban property depends not only on its specific characteristics, but also on reference macro-economic variables such as socio-demographic, productive, infrastructural, and environmental quality and associated ecosystem services. The links between urban property real estate values and ecosystem services, particularly those generated by urban forests, are not yet sufficiently investigated and hence are the focus of this research. The study site is the City of Syracuse, New York, USA, with well characterized urban forest ecosystem services and property values. The study correlated real estate values and parameters of economic condition (per-capita income), ecosystem services (carbon sequestration), and urban forestry system (tree canopy area). The median home value correlation with both per capita income had an R2 = 0.8748 and with carbon sequestration it had an R2 = 0.7757. The data was obtained in the online i-Tree Landscape tool. Geographic information systems analysis was used to create maps that support analysis of the correlation levels between the involved variables.

ACS Style

Antonio Nesticò; Francesco Sica; Theodore Endreny. Real Estate Values and Ecosystem Services: Correlation Levels. Blockchain Technology and Innovations in Business Processes 2020, 802 -810.

AMA Style

Antonio Nesticò, Francesco Sica, Theodore Endreny. Real Estate Values and Ecosystem Services: Correlation Levels. Blockchain Technology and Innovations in Business Processes. 2020; ():802-810.

Chicago/Turabian Style

Antonio Nesticò; Francesco Sica; Theodore Endreny. 2020. "Real Estate Values and Ecosystem Services: Correlation Levels." Blockchain Technology and Innovations in Business Processes , no. : 802-810.

Conference paper
Published: 01 September 2020 in Blockchain Technology and Innovations in Business Processes
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The making of land values is conditioned not only by the specific soil production capacities, but also by socio-demographic and economic parameters of the territory. The research aims to highlight the logical-dimensional relationships existing between the land values of a cultivated quality widely spread over a large area and the variables population density and average taxable income, representative of the socio-demographic and income conditions of the population. The elaborations are carried out through spatial correlation analysis, which also makes use of Geographic Information Systems (GIS). An application is developed with regard to the average land values of irrigated arable land in the Campania region (Italy). (*) The contribution to this paper is the result of the joint work of the three authors, to which the paper has to be attributed in equal parts.

ACS Style

Antonio Nesticò; Massimiliano Bencardino; Vincenzo Di Fraia. Irrigated Arable Land Values and Socio-economic Characteristics of the Territory. Blockchain Technology and Innovations in Business Processes 2020, 716 -726.

AMA Style

Antonio Nesticò, Massimiliano Bencardino, Vincenzo Di Fraia. Irrigated Arable Land Values and Socio-economic Characteristics of the Territory. Blockchain Technology and Innovations in Business Processes. 2020; ():716-726.

Chicago/Turabian Style

Antonio Nesticò; Massimiliano Bencardino; Vincenzo Di Fraia. 2020. "Irrigated Arable Land Values and Socio-economic Characteristics of the Territory." Blockchain Technology and Innovations in Business Processes , no. : 716-726.

Chapter
Published: 11 August 2020 in Smart and Sustainable Planning for Cities and Regions
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For investments in the civil sector, the paper proposes a risk assessment model that introduces risk acceptability and tolerability thresholds according to the As Low As Reasonably Practicable (ALARP) logic. The idea is to use the Capital Asset Pricing Model (CAPM) because it is able to associate return limit values, and therefore risk, to the project. The joint use of the CAPM and statistical survey tools leads to the estimation of investment risk thresholds on objective data, depending on both the production sector and the reference territory. An application to the building construction sector in Campania Region (Italy) verifies the effectiveness of the model.

ACS Style

Gabriella Maselli; Antonio Nesticò. Cost-Benefit Analysis and Investment Risk Assessment. Threshold Values According to the ALARP Logic. Smart and Sustainable Planning for Cities and Regions 2020, 43 -56.

AMA Style

Gabriella Maselli, Antonio Nesticò. Cost-Benefit Analysis and Investment Risk Assessment. Threshold Values According to the ALARP Logic. Smart and Sustainable Planning for Cities and Regions. 2020; ():43-56.

Chicago/Turabian Style

Gabriella Maselli; Antonio Nesticò. 2020. "Cost-Benefit Analysis and Investment Risk Assessment. Threshold Values According to the ALARP Logic." Smart and Sustainable Planning for Cities and Regions , no. : 43-56.

Journal article
Published: 07 August 2020 in Sustainability
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In response to the abandonment and depopulation of small towns in inland areas, it is necessary to provide analysis and technical-economic evaluation tools with the aim of selecting effective recovery and valorization strategies. In the light of what criteria and indicators should this selection be carried out? The principles of sustainability guide us to a new definition of social, economic, environmental, and historical-architectural criteria. The intention is to outline a new way of classifying the judgment criteria, exclusively referring to the peculiarities of small towns. In turn, the criteria are specifically defined in sixteen sub-criteria, again able to represent the salient features of small municipalities: Local traditions, genius loci, urbanization levels, but also prevailing economy, environmental (flora and fauna, water, soil, air, etc.), and historical-architectural components (relations between the small town and the immediate context, formal relationship between building and urban core, etc.). This is followed by the drafting of a novel dataset of evaluation indicators, capable of expressing the project actions’ capacity to pursue the objectives expressed by the criteria. These are datasets that give back 24 indicators for the social sub-criteria, 42 for the economic sub-criteria, 34 for the environmental ones, and 38 for the historical-architectural ones. The goal-criteria-subcriteria-indicators structure outlined in this paper opens up research perspectives on the characterization of a hierarchical model of multi-criteria analysis.

ACS Style

Antonio Nesticò; Pierfrancesco Fiore; Emanuela D’Andria. Enhancement of Small Towns in Inland Areas. A Novel Indicators Dataset to Evaluate Sustainable Plans. Sustainability 2020, 12, 6359 .

AMA Style

Antonio Nesticò, Pierfrancesco Fiore, Emanuela D’Andria. Enhancement of Small Towns in Inland Areas. A Novel Indicators Dataset to Evaluate Sustainable Plans. Sustainability. 2020; 12 (16):6359.

Chicago/Turabian Style

Antonio Nesticò; Pierfrancesco Fiore; Emanuela D’Andria. 2020. "Enhancement of Small Towns in Inland Areas. A Novel Indicators Dataset to Evaluate Sustainable Plans." Sustainability 12, no. 16: 6359.

Journal article
Published: 05 August 2020 in Sustainability
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It is well known that production activities are often the cause of ecosystem disservices. Such disservices can have serious effects on urban real estate values. But how much is the contraction that the market values of housing suffer due to the polluting emissions produced by a medium-sized foundry? And how large is the urban area within which buildings are depreciated? With this research we intend to give an answer. To this aim, with specific regard to urban apartments free from contractual constraints, the use of multiple regression analysis makes it possible to obtain a function that explains the real estate value through multiple variables, one of which is representative of the ecosystem disservice. The study reveals that the urban area that suffers from the negative effects of polluting industrial activities on property prices can be extensive. On the other hand, the contractions of real estate values can even reach 43%. These results, for the first time expressed in quantitative terms, must direct towards urban planning interventions, and more generally of economic policy, aimed at minimizing the environmental impacts of production activities. This is not only for the essential obligations to protect environment and human health, but also in relation to the direct economic implications of the decrease in the value of real estate.

ACS Style

Antonio Nesticò; Marianna La Marca. Urban Real Estate Values and Ecosystem Disservices: An Estimate Model Based on Regression Analysis. Sustainability 2020, 12, 6304 .

AMA Style

Antonio Nesticò, Marianna La Marca. Urban Real Estate Values and Ecosystem Disservices: An Estimate Model Based on Regression Analysis. Sustainability. 2020; 12 (16):6304.

Chicago/Turabian Style

Antonio Nesticò; Marianna La Marca. 2020. "Urban Real Estate Values and Ecosystem Disservices: An Estimate Model Based on Regression Analysis." Sustainability 12, no. 16: 6304.

Earlycite article
Published: 02 March 2020 in Journal of Economic Studies
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PurposeThe purpose of the paper is to characterize an evaluation protocol of the social discount rate (SDR). This is based on the social rate of time preference (SRTP) principles, according to which the investment selection process must tend to maximize the utility of the community.Design/methodology/approachThe theoretical reference of the evaluation protocol is represented by the Ramsey formula. It is widely used in many countries with advanced economics for the SRTP estimation, through the maximization of the Social Welfare Function (SWF).FindingsThe protocol structure and the protocol applications to the Italian and US economies explain how the SDR value is influenced by the socio-economic structure of the single nation.Research limitations/implicationsThe strong variability of the results of the SDR according to the theoretical approach of reference and the operating path that follows can lead to judgments decidedly divergent on the acceptability of the public project, hence, the important policy implications for the entire allocation process of public resources.Practical implicationsThe applications allow to highlight the important operational problems that must be resolved with regard to the choice of the time intervals of the evaluations, as well as logical-operational tools to be used to express estimates of parameters.Social implicationsThey are relevant in relation to the effects of a more equitable allocation of the resources.Originality/valueThe protocol for the SDR estimation is based both on solid disciplinary principles and on objective data of non-complex availability and representative of the economic and socio-demographic context of the country in which the decision-making process is implemented.

ACS Style

Antonio Nesticò; Gabriella Maselli. A protocol for the estimate of the social rate of time preference: the case studies of Italy and the USA. Journal of Economic Studies 2020, 47, 527 -545.

AMA Style

Antonio Nesticò, Gabriella Maselli. A protocol for the estimate of the social rate of time preference: the case studies of Italy and the USA. Journal of Economic Studies. 2020; 47 (3):527-545.

Chicago/Turabian Style

Antonio Nesticò; Gabriella Maselli. 2020. "A protocol for the estimate of the social rate of time preference: the case studies of Italy and the USA." Journal of Economic Studies 47, no. 3: 527-545.

Journal article
Published: 09 November 2019 in Journal of Cleaner Production
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The sustainable tourism development is often a key element for the enhancement of island states. The fragility and the environmental, social and economic vulnerability that characterize these territories make the need to integrate the multiple aspects of sustainability into the decision-making processes concerning the definition of plans and programs of investment in the tourism sector increasingly urgent. Thus, the aim of the work is to build a dataset of sustainability indicators classified and weighed according to the subsequent characterization of a multi-criteria evaluation model. This dataset is obtained by defining an analysis procedure aimed at: selecting scientifically valid indicators, readily available by the analysts and easy to interpret by stakeholders; weighing the indicators themselves based on criteria shared in the literature; taking into account the uniqueness of the territorial reference system. The evaluation protocol proposed is substantiated in the subsequent steps of selection, classification, weighting and ranking of sustainability indicators for the analysis of tourism projects on the island. Innovative elements essentially concern weighting operation. In fact, the weight of each indicator is a function of several evaluation criteria and is estimated by using both statistical analysis methods and analytic hierarchy processes. The output of the study, consisting of the dataset of sustainability indicators, is a prerequisite for the subsequent characterization of a multi-criteria evaluation model able to select investment projects that balance the environmental, economic and social specificities of the island. This can determine greater effectiveness in the allocation processes of both public and private resources.

ACS Style

Antonio Nesticò; Gabriella Maselli. Sustainability indicators for the economic evaluation of tourism investments on islands. Journal of Cleaner Production 2019, 248, 119217 .

AMA Style

Antonio Nesticò, Gabriella Maselli. Sustainability indicators for the economic evaluation of tourism investments on islands. Journal of Cleaner Production. 2019; 248 ():119217.

Chicago/Turabian Style

Antonio Nesticò; Gabriella Maselli. 2019. "Sustainability indicators for the economic evaluation of tourism investments on islands." Journal of Cleaner Production 248, no. : 119217.

Conference paper
Published: 19 September 2019 in Plant-Microbes-Engineered Nano-particles (PM-ENPs) Nexus in Agro-Ecosystems
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In the cost-benefit analysis (CBA), the declining discount rate (DDR) certainly allows to assign the right weight for the long-term effects of investment projects. The DDR gives the opportunity to properly evaluate projects for sustainable development in the water and energy sectors. The estimation model of the DDR based on probabilistic logic solves the problem of the excessive contraction of the project cash flows that occur in temporal instants that are distant from the evaluation one.

ACS Style

Antonio Nesticò; Gabriella Maselli. Estimating the Declining Discount Rate for the Economic Evaluation of Projects in the Energy and Water Sectors. Plant-Microbes-Engineered Nano-particles (PM-ENPs) Nexus in Agro-Ecosystems 2019, 17 -20.

AMA Style

Antonio Nesticò, Gabriella Maselli. Estimating the Declining Discount Rate for the Economic Evaluation of Projects in the Energy and Water Sectors. Plant-Microbes-Engineered Nano-particles (PM-ENPs) Nexus in Agro-Ecosystems. 2019; ():17-20.

Chicago/Turabian Style

Antonio Nesticò; Gabriella Maselli. 2019. "Estimating the Declining Discount Rate for the Economic Evaluation of Projects in the Energy and Water Sectors." Plant-Microbes-Engineered Nano-particles (PM-ENPs) Nexus in Agro-Ecosystems , no. : 17-20.