Analyzing the Financing Dilemma of Brownfield Remediation in China by Using GMCR

This paper constructs a GMCR (Graph Model for Conflict Resolution) model to analyze the financing dilemma existing in the brownfield remediation projects in China. In addition to the stability analysis, status quo and inverse analyses are conducted to obtain further managerial insights. The findings of this research are threefold. First, the local government should not redevelop the brownfield without remediation; otherwise, the situation will raise great public concerns, which may lead to severe conflicts among various stakeholders. Second, the cooperation between the local government and enterprises (developers and/or investors) is the most favorable state to successfully conduct the remediation. Third, in order to achieve the desired outcomes, an intervention party who can influence the decision makers' preference has to be intervened in the unsolved situations.