ABSTRACT
Making decisions about the built environment is not easy. In fact, making such decisions is a complex process. The special arrangement of the built environment has several causal effects on nearly all other public services and thereby affects, for instance, the quality of social organization, the economy and the ecology at the local level. In this sense, the problem of bounded rationality occurs in processing information that policymakers must consider in their decision-making. The decision process becomes even more complex due to the large number of decision-makers and stakeholders involved in the decision-making process. Last but not least, land management and real estate management are usually separately organized despite overlaps between the two, given that the regulative framework of urban land management forms the basis of urban real estate, energy efficiency and the use of renewable energy.
