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This paper focuses on the valuation of refurbishment costs for healthcare facilities. The determination of the more reliable approach for experimental verification is a research topic of great interest, especially because previous literature on the matter is limited. This study examines ex-ante cost valuations in the refurbishment of healthcare buildings while using similarity to estimate the costs that are based on the amount of already accomplished renovations. The methodology involved a desk analysis deter-mining the technical valuation of intervention needs, and similarity coefficient applications providing a refurbishment cost valuation. The application was conducted in the Friuli—Venezia Giulia Region in Italy, where hospitals show structural, layout, and plants deficits with respect to current regulations, and a technical deepening to identify critical issues is required to prepare a multi-year intervention plan. The case study results showed that this procedure requires little initial information to run analyses and its application can support investment budget planning purposes.
Raul Berto; Carlo Stival; Paolo Rosato. An Integrated Procedure for Ex-Ante Evaluations of Refurbishment Costs in Healthcare Facilities. Sustainability 2020, 12, 7387 .
AMA StyleRaul Berto, Carlo Stival, Paolo Rosato. An Integrated Procedure for Ex-Ante Evaluations of Refurbishment Costs in Healthcare Facilities. Sustainability. 2020; 12 (18):7387.
Chicago/Turabian StyleRaul Berto; Carlo Stival; Paolo Rosato. 2020. "An Integrated Procedure for Ex-Ante Evaluations of Refurbishment Costs in Healthcare Facilities." Sustainability 12, no. 18: 7387.
In the marginal areas of the Alps, there is a huge built heritage expressed by local communities, resulting in an architectural model that is sustainable in terms of its material use, resource exploitation, and landscape coherence. Although buildings in these small settlements have been largely protected from transformation, currently this heritage is largely underused. Thus, it is desirable to consider reuse and enhancement actions that can combine both economic viability and the protection of historic, cultural and architectural values. This paper presents a multi-attribute model for the evaluation of sustainability in reuse projects concerning traditional buildings in the Italian Alpine settlements. For the appraisal of sustainability, the model uses relevant parameters aggregated into three macro-indicators. The model was calibrated by an expert panel and tested on reuse projects in Sauris, in north-eastern Italy, where residential building type is characterized by specific techniques that are expressions of community traditions. The main results show that the attributes aggregation function is predominantly andness in all nodes. A short range in sustainability assessment is a predictable result, as the buildings used for the model’s application give a common judgment in some attributes. Finally, activities for widespread hospitality generate a greater expected return compared to commercial services.
Carlo Antonio Stival; Raul Berto; Pierluigi Morano; Paolo Rosato. Reuse of Vernacular Architecture in Minor Alpine Settlements: A Multi-Attribute Model for Sustainability Appraisal. Sustainability 2020, 12, 6562 .
AMA StyleCarlo Antonio Stival, Raul Berto, Pierluigi Morano, Paolo Rosato. Reuse of Vernacular Architecture in Minor Alpine Settlements: A Multi-Attribute Model for Sustainability Appraisal. Sustainability. 2020; 12 (16):6562.
Chicago/Turabian StyleCarlo Antonio Stival; Raul Berto; Pierluigi Morano; Paolo Rosato. 2020. "Reuse of Vernacular Architecture in Minor Alpine Settlements: A Multi-Attribute Model for Sustainability Appraisal." Sustainability 12, no. 16: 6562.
This study investigates the effect that property taxation has on investment in the real estate market. There is a close relationship between investments in the real estate market and taxes, local communities, public policies and economic development. The analysis was developed with reference to the Italian real estate market and its tax regime. In Italy, taxation on real estate affects possession, transfers and income. These three tax rates vary according to the subjects who exchange assets and manage them, to the intended use of the real estate property and to the options for choosing the type of tax regime permitted by law. On the basis of these parameters, a financial analysis of real estate investment is constructed and simulated in order to understand to which types of taxation investment is most sensitive. The results showed that a change in income taxation can have an important effect on the investment choice. This evidence may also suggest fiscal policy actions aimed at stimulating the real estate market.
Benedetto Manganelli; Pierluigi Morano; Paolo Rosato; Pierfrancesco De Paola. The Effect of Taxation on Investment Demand in the Real Estate Market: The Italian Experience. Buildings 2020, 10, 115 .
AMA StyleBenedetto Manganelli, Pierluigi Morano, Paolo Rosato, Pierfrancesco De Paola. The Effect of Taxation on Investment Demand in the Real Estate Market: The Italian Experience. Buildings. 2020; 10 (7):115.
Chicago/Turabian StyleBenedetto Manganelli; Pierluigi Morano; Paolo Rosato; Pierfrancesco De Paola. 2020. "The Effect of Taxation on Investment Demand in the Real Estate Market: The Italian Experience." Buildings 10, no. 7: 115.
This paper investigates the influence of a stochastic variation of both energy and economic parameters in an optimization loop applied to a refurbished social housing building. Usually, energy and economic optimization procedures rely on the results of an underlying numerical deterministic model which influences both energy gains and economic figures. However, an analyst must always face the random variation of input and parameter data. The unknown data can represent poor initial information or data that can change in a long time; this is the case of fuel cost and economic indexes in particular. This paper deals with both problems for building refurbishment optimization, the former related to the initial state of a building, and the latter to the energy cost variability. Reliability analysis considers a stochastic variation of parameters looking for solutions that incorporate a risk level; in this case, it deals with optimization objectives related to different impacts on economic, environmental and health aspects. The considered building represents a social house, and the energy reduction measures involve the application of internal insulation layers to the walls and the replacement of existing windows with more efficient ones.
Marco Manzan; Giorgio Lupato; Amedeo Pezzi; Paolo Rosato; Alberto Clarich. Reliability-Based Optimization for Energy Refurbishment of a Social Housing Building. Energies 2020, 13, 2310 .
AMA StyleMarco Manzan, Giorgio Lupato, Amedeo Pezzi, Paolo Rosato, Alberto Clarich. Reliability-Based Optimization for Energy Refurbishment of a Social Housing Building. Energies. 2020; 13 (9):2310.
Chicago/Turabian StyleMarco Manzan; Giorgio Lupato; Amedeo Pezzi; Paolo Rosato; Alberto Clarich. 2020. "Reliability-Based Optimization for Energy Refurbishment of a Social Housing Building." Energies 13, no. 9: 2310.
Social housing constitutes a partial response to the demand for affordable housing. In Europe, there are different forms of social housing, which are distinguishable based on whether they employ a universal or residual approach. The latter is employed by Italian initiatives for social residential construction, the financial instrument of which is the Investment Fund for Housing, a closed-end fund managed by CDP (Cassa Depositi e Prestiti) Investment, which provides public–private partnerships. The main obstacle to the supply of low-cost houses is the high cost of building areas or, in other words, the high urban land rent. The value of building areas is particularly high in urban areas and in widespread settlement areas, for instance, in Northeastern Italy. The main objective of this paper is to identify the trade-off between urban land rent and housing affordability in a social housing intervention in Pordenone (Northeastern Italy). Four different scenarios are developed, the variables of which are: Cost of the area (urban rent), cost of construction works (quality of the buildings), and household income distribution. The results show that achieving the economic and social objectives of a social housing investment simultaneously is not possible in any of the scenarios evaluated. To allow the social groups most in need to access affordable housing would require a reduction of approximately 30% of the estimated cost of a building area.
Raul Berto; Giovanni Cechet; Carlo Antonio Stival; Paolo Rosato. Affordable Housing vs. Urban Land Rent in Widespread Settlement Areas. Sustainability 2020, 12, 3129 .
AMA StyleRaul Berto, Giovanni Cechet, Carlo Antonio Stival, Paolo Rosato. Affordable Housing vs. Urban Land Rent in Widespread Settlement Areas. Sustainability. 2020; 12 (8):3129.
Chicago/Turabian StyleRaul Berto; Giovanni Cechet; Carlo Antonio Stival; Paolo Rosato. 2020. "Affordable Housing vs. Urban Land Rent in Widespread Settlement Areas." Sustainability 12, no. 8: 3129.
The present research takes into account the current and widespread need for rational valuation methodologies, able to correctly interpret the available market data. An innovative automated valuation model has been simultaneously implemented to three Italian study samples, each one constituted by two-hundred residential units sold in the years 2016–2017. The ability to generate a “unique” functional form for the three different territorial contexts considered, in which the relationships between the influencing factors and the selling prices are specified by different multiplicative coefficients that appropriately represent the market phenomena of each case study analyzed, is the main contribution of the proposed methodology. The method can provide support for private operators in the assessment of the territorial investment conveniences and for the public entities in the decisional phases regarding future tax and urban planning policies.
Pierluigi Morano; Paolo Rosato; Francesco Tajani; Benedetto Manganelli; Felicia Di Liddo. Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach. Sustainability 2019, 11, 4896 .
AMA StylePierluigi Morano, Paolo Rosato, Francesco Tajani, Benedetto Manganelli, Felicia Di Liddo. Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach. Sustainability. 2019; 11 (18):4896.
Chicago/Turabian StylePierluigi Morano; Paolo Rosato; Francesco Tajani; Benedetto Manganelli; Felicia Di Liddo. 2019. "Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach." Sustainability 11, no. 18: 4896.
The Hedonic Pricing Method is one of the principal assessment methods for evaluating services and resources not normally exchanged on the market. However, the method is often unable to account for the great variety of qualities in an urban context and faces scarce and heterogeneous market data. This paper presents a model for the valuation of benefits generated by environmental and urban improvement investments adopting a mixed hedonic-multi-attribute procedure for modeling a value function of urban real estate values. The peculiarity of the model is that the independent variables are aggregated indicators, which synthetize more detailed characteristics. Using the expertise of real estate agents, all relevant variables influencing real estate values were weighted and synthetized in a set of cardinal indicators. Next, market prices were used to calibrate a hedonic function that transforms the cardinal indicators into real estate values. The valuation model was integrated into a GIS for mapping the housing value, and its variation induced by urban investment. The proposed model pointed out plausible and robust results, in particular, the possibility to use any available information, such as location, position, technical and economic characteristics of buildings, and organize it in a flexible and transparent way, and to keep evident the role of each characteristic through the hierarchical structure of the model. The model was applied to the real estate market of Venice to test the effects of the MOSE project (Electromechanical Experimental Module) for the protection of Venice from high tides. The results of the application showed a relevant increase in real estate values in the center of Venice, especially related to property in ground floor units, of about 1.4 billion €.
Paolo Rosato; Margaretha Breil; Carlo Giupponi; Raul Berto. Assessing the Impact of Urban Improvement on Housing Values: A Hedonic Pricing and Multi-Attribute Analysis Model for the Historic Centre of Venice. Buildings 2017, 7, 112 .
AMA StylePaolo Rosato, Margaretha Breil, Carlo Giupponi, Raul Berto. Assessing the Impact of Urban Improvement on Housing Values: A Hedonic Pricing and Multi-Attribute Analysis Model for the Historic Centre of Venice. Buildings. 2017; 7 (4):112.
Chicago/Turabian StylePaolo Rosato; Margaretha Breil; Carlo Giupponi; Raul Berto. 2017. "Assessing the Impact of Urban Improvement on Housing Values: A Hedonic Pricing and Multi-Attribute Analysis Model for the Historic Centre of Venice." Buildings 7, no. 4: 112.
The paper proposes a ‘component-based’ approach to guide the choice of the social discount rate in natural resources damage assessment, where time and discounting are key features. It is a multi-rate discounting scheme, which draws on concepts from dual-rate and time-declining approaches. Each damage component is discounted at a component-specific constant rate, related to its time-trajectory. Assuming a normatively defined declining schedule of rates as a starting reference, components with longer time profiles – generally represented by welfare losses – are discounted at lower rates than short-term damage components – mainly remedial costs. The rationale behind this choice is that the longer the duration of the damage component, the higher the related non incident-specific uncertainty on the resource values and the more relevant the equity issues. When estimating the total damage, the resulting implicit average discount rate depends on the duration of each component and its relative relevance in the total damage in each moment. From an operational point of view, anchoring the rates to government prescriptions would support the robustness of the damage estimates in a court of law, whereas the dual-based environmental discount rate is based on ad-hoc assumptions that are more difficult to justify
Edi Defrancesco; Paola Gatto; Paolo Rosato. A ‘component-based’ approach to discounting for natural resource damage assessment. Ecological Economics 2014, 99, 1 -9.
AMA StyleEdi Defrancesco, Paola Gatto, Paolo Rosato. A ‘component-based’ approach to discounting for natural resource damage assessment. Ecological Economics. 2014; 99 ():1-9.
Chicago/Turabian StyleEdi Defrancesco; Paola Gatto; Paolo Rosato. 2014. "A ‘component-based’ approach to discounting for natural resource damage assessment." Ecological Economics 99, no. : 1-9.
Anna Alberini; Paolo Rosato; Margherita Turvani. Introduction. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleAnna Alberini, Paolo Rosato, Margherita Turvani. Introduction. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleAnna Alberini; Paolo Rosato; Margherita Turvani. 2013. "Introduction." Valuing Complex Natural Resource Systems , no. : 1.
Edi DeFrancesco; Paolo Rosato; Anna Alberini; Margherita Turvani. Recreational Demand, Travel Cost Method and Flow Fixed Costs. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleEdi DeFrancesco, Paolo Rosato, Anna Alberini, Margherita Turvani. Recreational Demand, Travel Cost Method and Flow Fixed Costs. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleEdi DeFrancesco; Paolo Rosato; Anna Alberini; Margherita Turvani. 2013. "Recreational Demand, Travel Cost Method and Flow Fixed Costs." Valuing Complex Natural Resource Systems , no. : 1.
Paolo Rosato; Carlo Giupponi; Margherita Breil; Anita Fassio; Anna Alberini; Margherita Turvani. Evaluation of Urban Improvement on the Islands of the Venice Lagoon: A Spatially-Distributed Hedonic–Hierarchical Approach. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StylePaolo Rosato, Carlo Giupponi, Margherita Breil, Anita Fassio, Anna Alberini, Margherita Turvani. Evaluation of Urban Improvement on the Islands of the Venice Lagoon: A Spatially-Distributed Hedonic–Hierarchical Approach. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StylePaolo Rosato; Carlo Giupponi; Margherita Breil; Anita Fassio; Anna Alberini; Margherita Turvani. 2013. "Evaluation of Urban Improvement on the Islands of the Venice Lagoon: A Spatially-Distributed Hedonic–Hierarchical Approach." Valuing Complex Natural Resource Systems , no. : 1.
Paulo A.L.D. Nunes; Luca Rossetto; Arianne De Blaeij; Anna Alberini; Paolo Rosato; Margherita Turvani. Valuing the Implementation Costs of Ecosystem Friendly Clam Fishing Practices in the Venice Lagoon: Results from a Conjoint Choice Survey. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StylePaulo A.L.D. Nunes, Luca Rossetto, Arianne De Blaeij, Anna Alberini, Paolo Rosato, Margherita Turvani. Valuing the Implementation Costs of Ecosystem Friendly Clam Fishing Practices in the Venice Lagoon: Results from a Conjoint Choice Survey. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StylePaulo A.L.D. Nunes; Luca Rossetto; Arianne De Blaeij; Anna Alberini; Paolo Rosato; Margherita Turvani. 2013. "Valuing the Implementation Costs of Ecosystem Friendly Clam Fishing Practices in the Venice Lagoon: Results from a Conjoint Choice Survey." Valuing Complex Natural Resource Systems , no. : 1.
Anna Alberini; Paolo Rosato; Margherita Turvani; Alberto Longo; Valentina Zanatta. Using Contingent Valuation to Value the Island of S. Erasmo in the Lagoon of Venice. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleAnna Alberini, Paolo Rosato, Margherita Turvani, Alberto Longo, Valentina Zanatta. Using Contingent Valuation to Value the Island of S. Erasmo in the Lagoon of Venice. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleAnna Alberini; Paolo Rosato; Margherita Turvani; Alberto Longo; Valentina Zanatta. 2013. "Using Contingent Valuation to Value the Island of S. Erasmo in the Lagoon of Venice." Valuing Complex Natural Resource Systems , no. : 1.
Valentina Zanatta; Anna Alberini; Paolo Rosato; Alberto Longo; Margherita Turvani. The Value of Recreational Sport Fishing in the Lagoon of Venice. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleValentina Zanatta, Anna Alberini, Paolo Rosato, Alberto Longo, Margherita Turvani. The Value of Recreational Sport Fishing in the Lagoon of Venice. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleValentina Zanatta; Anna Alberini; Paolo Rosato; Alberto Longo; Margherita Turvani. 2013. "The Value of Recreational Sport Fishing in the Lagoon of Venice." Valuing Complex Natural Resource Systems , no. : 1.
Anna Alberini; Paolo Rosato; Margherita Turvani. Foreword. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleAnna Alberini, Paolo Rosato, Margherita Turvani. Foreword. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleAnna Alberini; Paolo Rosato; Margherita Turvani. 2013. "Foreword." Valuing Complex Natural Resource Systems , no. : 1.
Paolo Rosato; Carlo Giupponi; Mordechai Shechter. What future for Mediterranean agriculture? A proposal to integrate socio-economics in climate change scenarios. Climate Change in the Mediterranean 2013, 1 .
AMA StylePaolo Rosato, Carlo Giupponi, Mordechai Shechter. What future for Mediterranean agriculture? A proposal to integrate socio-economics in climate change scenarios. Climate Change in the Mediterranean. 2013; ():1.
Chicago/Turabian StylePaolo Rosato; Carlo Giupponi; Mordechai Shechter. 2013. "What future for Mediterranean agriculture? A proposal to integrate socio-economics in climate change scenarios." Climate Change in the Mediterranean , no. : 1.
Jacobo Féas; Paolo Rosato; Carlo Giupponi; Anthony Jakeman; Derek Karssenberg; Matt Hare. Multi-Criteria Decision Making in Water Resources Management. Sustainable Management of Water Resources 2013, 1 .
AMA StyleJacobo Féas, Paolo Rosato, Carlo Giupponi, Anthony Jakeman, Derek Karssenberg, Matt Hare. Multi-Criteria Decision Making in Water Resources Management. Sustainable Management of Water Resources. 2013; ():1.
Chicago/Turabian StyleJacobo Féas; Paolo Rosato; Carlo Giupponi; Anthony Jakeman; Derek Karssenberg; Matt Hare. 2013. "Multi-Criteria Decision Making in Water Resources Management." Sustainable Management of Water Resources , no. : 1.
Anna Alberini; Paolo Rosato; Margherita Turvani; Alberto Longo; Stefania Tonin; Francesco Trombetta. Developer Preferences for Brownfield Policies. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleAnna Alberini, Paolo Rosato, Margherita Turvani, Alberto Longo, Stefania Tonin, Francesco Trombetta. Developer Preferences for Brownfield Policies. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleAnna Alberini; Paolo Rosato; Margherita Turvani; Alberto Longo; Stefania Tonin; Francesco Trombetta. 2013. "Developer Preferences for Brownfield Policies." Valuing Complex Natural Resource Systems , no. : 1.
Francesco Trombetta; Margherita Turvani; Anna Alberini; Paolo Rosato. Governing Environmental Restoration: Institutions and Industrial Site Clean-ups. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleFrancesco Trombetta, Margherita Turvani, Anna Alberini, Paolo Rosato. Governing Environmental Restoration: Institutions and Industrial Site Clean-ups. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleFrancesco Trombetta; Margherita Turvani; Anna Alberini; Paolo Rosato. 2013. "Governing Environmental Restoration: Institutions and Industrial Site Clean-ups." Valuing Complex Natural Resource Systems , no. : 1.
Anna Alberini; Paolo Rosato; Margherita Turvani; Alberto Longo. Valuing Environmental Resources Using Stated Preferences. Valuing Complex Natural Resource Systems 2013, 1 .
AMA StyleAnna Alberini, Paolo Rosato, Margherita Turvani, Alberto Longo. Valuing Environmental Resources Using Stated Preferences. Valuing Complex Natural Resource Systems. 2013; ():1.
Chicago/Turabian StyleAnna Alberini; Paolo Rosato; Margherita Turvani; Alberto Longo. 2013. "Valuing Environmental Resources Using Stated Preferences." Valuing Complex Natural Resource Systems , no. : 1.