Risk management and goal programming for feasible territorial investments

Urban rehabilitation through the redevelopment of public properties in disuse is among the main issues of the urban policies in the Euro area. However, since 2008, mainly due to the economic downturn, the enhancement of public properties has been characterized by a deadlock. Currently, the tendency in all European countries is to entrust the valorization of public buildings in disuse to new special entities, in terms of sales to third parties as well as rationalization for the economic management of the property. In this framework, this research aims to propose a decision support methodology for public and private subjects involved in the valorization of public properties. In particular, the developed model allows the assessment of the financial feasibility of the initiatives, in relation to the corresponding investment risks.