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Operations Research, Systems Engineering and Industrial Engineering

Selected Works

Foreclosed housing

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Full-Text Articles in Public Policy

Decision Modeling For Housing And Community Development: A Methodology For Evidence-Based Urban And Regional Planning, Michael P. Johnson Jr. Aug 2017

Decision Modeling For Housing And Community Development: A Methodology For Evidence-Based Urban And Regional Planning, Michael P. Johnson Jr.

Michael P. Johnson

Urban community development corporations and other local institutions routinely face challenging problems in housing and economic development that require substantial expertise in data analytics and decision modeling. Recent research, inspired by local responses to the housing foreclosure crisis, and developed in cooperation with Boston-area CDCs, has resulted in a collection of applications that can assist CDCs and similar organizations to design local interventions for acquisition and redevelopment of housing. This paper describes these applications. The first of these is values and objective design, i.e. the process of identifying decision opportunities. The second of these is data analytics, or …

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What Is A Strategic Acquisition? Decision Modeling In Support Of Foreclosed Housing Redevelopment, Michael P. Johnson Jr., Rachel B. Drew, Jeffrey Keisler, David Turcotte Aug 2012

What Is A Strategic Acquisition? Decision Modeling In Support Of Foreclosed Housing Redevelopment, Michael P. Johnson Jr., Rachel B. Drew, Jeffrey Keisler, David Turcotte

Michael P. Johnson

This paper describes and develops a model for calculating location-based strategic values of foreclosed properties considered for acquisition and redevelopment by community development corporations (CDCs). A property’s strategic value refers to its proximity to site-specific neighborhood amenities and disamenities (e.g. schools, public transit, distressed properties), given the relative importance of that proximity to CDC organizational and community objectives. We operationalize the concept of strategic value, and apply this concept to a salient public sector decision problem. Using data and value assessments from a CDC engaged in foreclosed housing redevelopment, we compute measures of strategic value for a set of acquisition …

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