The purpose of this paper is to study corroboration of the adaptability of an analytical method for evaluation of the optimal redevelopment of Greater Tokyo. The life quality to be optimized includes not only material but also city life environment and transport services. The city environment in its widest sense is structured in the dynamic and general equilibrium socio-economic system.
It is our underlying insight into the economy of Greater Tokyo that it is an industrial complex generating scale and agglomeration economies if only it is appropriately managed. A drastic urban renewal and improvement of arterial transport network is necessary to enjoy those scale and agglomeration economies of natural gifts in the dwelling environment of amenities.
The Method is a large-scaled non-linear dynamic programming model of Greater Tokyo (we call it-socio-economic planning model of Greater Tokyo) into which we built major three policy variables-city planning (compound urban renewal), industrial reorganization, and formation of the synthesized transport system, and through which the optimal policies are endogenously determined. This model belongs third generation of the New Urban Economics and comprehensively resolves shortcomings of the NUE model so far caused by the structural deficiencies.
Some simulational results of the pilot model are analysed and it is considered that the evaluation method has a wide scope of adaptability.