Shi, Y and Collinge, W (2023) Measuring social value in rail infrastructure projects: A system dynamic approach. In: Tutesigensi, A and Neilson, C J (eds.) Proceedings of 39th Annual ARCOM Conference, 4-6 September 2023, University of Leeds, Leeds, UK.
Abstract
Social value refers to the social impact that a development makes to society for improving the economic, social and environmental wellbeing. The creation of social value is particularly relevant in the built environment for realising sustainable development goals. The built environment has a major impact on the local economy development, the wellbeing of individuals and communities, and environment regeneration through construction and management of infrastructure projects. Measuring social value in infrastructure projects encourages sustainable buildings through considering social contribution beyond economic returns. Although attention has been given to social value measurement, one of the main limitations of existing tools is that they do not take systems thinking that explicitly illustrates social value creation as an interaction process between a project and its environment over time. This paper addresses this issue by describing a system dynamics approach that can measure social value of rail infrastructure projects through the application of systems thinking. The application of this approach is illustrated through a case study, the Crossrail project in the UK.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | social value; rail infrastructure projects; system dynamics; system thinking; sustainable development |
| Index terms: | infrastructure project, interaction, social impact, system dynamics, sustainable building, well-being, social value, sustainable development goal, built environment, sustainable development, social contribution, local economy, systems thinking, society, case study |
| Subjects: | data collection methods, mental health and wellbeing, computing systems, analytical methods, economic analysis, sustainable design, health safety and environment, sustainable construction, sociology, communities and social development, infrastructure and transport systems, behavioral psychology |
| Topics: | Health and Safety, Business Strategy, Engineering Principles, Research Practice, Stakeholder Management, Sustainability, Urban Studies, Digital Applications |
| Descriptive scope: | 4 PCTE |
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