Many urban planning projects were operated through 1960 and 1970 but that time's facilities are worn-out and established urban districts need renewal urgently. Although a lot of urban planning projects are needed to restart, many of established urban ...
Many urban planning projects were operated through 1960 and 1970 but that time's facilities are worn-out and established urban districts need renewal urgently. Although a lot of urban planning projects are needed to restart, many of established urban planning projects require a long project time or have not operated for plenty of time.This paper can estimate the project's possibility and the period, project operators or residents' uncertainties for the future circumstance can be eliminated through evaluating the practicability of the urban planning. First of all, correlation Analysis is needed to check the correlation among variables and nested probit model is used as a suitable model. 6 variables are chosen to analysis and one of them, the project period is the dependent variable and others are independent variables. Some of them are handled as a dummy variables.This paper present if public project managers operate individual projects probability values of completing projects are highest. In case of building area, if building area is increased, probability values of completing projects are highest before 48 months. If the building-to-land ratio is increased, over all probability values of completing projects are decreased or in the same condition high the building-to-land ratio are needed longer project periods. If the floor space index is increased, if zoning is the general commercial area, the projects are completed in short term as highest probability values.This paper's significance is a first quantitative evaluating paper that are presented probability values of completing many projects of the urban planning.