Model for valuation and simulation of quality of living environments

Abstract

This paper discusses an innovative approach towards addressing and measuring quality of living environments. It introduces the model which talks about quality of living environments via quality of time spent in a resident's daily routine. The aim is to elucidate an approach which can help planners and decision makers as well as ordinary people to create or identify suitable and effective environments for well-being. It examines relationships between characteristic profiles, their activities and the environments they are involved in, analysing three key parameters: time balance, financial balance and time-quality balance.