Life Cycle Cost Models For Green Buildings

Life-Cycle Cost Models for Green Buildings: With Optimal Green Star Credits illustrates the tools and methods for developing a life-cycle cost model that incorporates developer constraints while maximizing the number of credit points achieved. The book identifies the interdependencies among various credits in the Green Star environmental rating system. Afterwards, life-cycle cost is calculated by considering six main central business districts (CBDs) of Australia. The net present value (NPV) technique is used to calculate life-cycle costs. Further, a sensitivity analysis is also carried out for selected credits to identify the changes to life-cycle cost to the changes in discount rate. Once all the life-cycle cost data is calculated, this book illustrates the development of the proposed model using a Java application which allows users to evaluate each key criterion of green buildings separately. The book is designed to provide ample knowledge of the various options available to get green building certification and the further implications in-terms of life-cycle. Provides cost saving and management advice for keeping a green building project operating on time and budget throughout their life-cycle Expertly explains the various options available for gaining green building certification Allows users to build life-cycle cost models which is unique to the project at hand

Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project’s life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs.

This book contains selected papers from SEB-18, the Tenth International Conference on Sustainability in Energy and Buildings, which was organised by KES International and Griffith University and held in Gold Coast, Australia in June 2018. SEB-18 invited contributions on a range of topics related to sustainable buildings and renewable energy, and explored innovative topics regarding intelligent buildings and cities. Applicable areas included the sustainable design and of buildings, neighbourhoods and cities (built and natural environment); optimisation and modelling techniques; smart energy systems for smart cities; green information communications technology; and a broad range of solar, wind, wave and other renewable energy topics. The aim of the conference was to bring together researchers and government and industry professionals to discuss the future of energy in buildings, neighbourhoods and cities from a theoretical, practical, implementation and simulation perspective. In addition, SEB-18 offered an exciting opportunity to present, interact, and learn about the latest research in Sustainability in Energy and Buildings.

This book proposes an economic and environmental assessment tool to help private and public building designers and owners determine the global sustainability value of green buildings from a life cycle perspective. As it demonstrates, sustainable life cycle tools for building design and construction can help to achieve successfully integrated architecture. The first part of the book defines the relationship between environmental and economic aspects in a sustainable design approach and illustrates how life cycle methodologies, including Life Cycle Assessment and Life Cycle Costing, can be applied to life cycle design. Further, it highlights methods for calculating costs from LCA data, taking into consideration both discounted cash flow and external costs. In turn, the second part of the book presents an experimental design model, the Life Cycle Design Model (LCDM), which is based on a life cycle design approach that can be used to produce two different outcomes based on two assessment levels. The first assessment level involves creating a grid, called a Design Matrix, which is useful in the design process. The second assessment level involves drawing on LCA and LCC results to develop a user-friendly tool for designers and other actors involved in the building process so that they can assess the most sustainable design option using €CO, a factor that combines the environmental and energy effects of the building system with time and costs. Selected case studies illustrate the practical application of life cycle analysis and show how reflecting the environmental impacts and costs can improve the sustainability of buildings. The LCDM represents a transdisciplinary tool for the design team and, at the same time, allows information on users’ needs and building performance to be communicated between experts and non-experts.

Balances Scientific and Economic Points of View to Thoroughly Address Management Issues Responding to the need for clarification and benchmarks, Environmental Life Cycle Costing provides the fundamental basis on which to establish a definitive methodology. Clearly defining environmental LCC, this book balances scientific and economic points of view and thoroughly addresses the management perspective. Demonstrates the Process From Problem Definition to Analysis, to Presentation The book focuses on environmental LCC but also analyzes conventional LCC and societal LCC, providing case studies for each. It presents the link between life cycle costing and life cycle assessment and then explores public, private, and societal options. The book also explains all components of the method using the cross-cutting example of a washing machine. It also provides categorizations that permit the method to be adapted or streamlined as a function of the time available to the practitioner. Case study boxes demonstrate the process for carrying out an LCC, from problem definition to analysis and ultimate presentation to the decision maker. Experts Integrate Conventional Thinking with Emerging Ideas Environmental LCC summarizes all costs associated with the life cycle of a product regardless of who bears those costs. It includes present and future money flows as well as those to be internalized in the decision relevant future. A collaboration of experts at the forefront of research, this book ties conventional thinking on life cycle costs into emerging theory and practice by including environmental and social cost analyses and linking LCC to the environmental and social pillars of sustainability.

The Life cycle cost (LCC) method makes it possible for the whole life performance of buildings and other structures to be optimized. The introduction of the idea of thinking in terms of a building life cycle resulted in the need to use appropriate tools and techniques for assessing and analyzing costs throughout the life cycle of the building. Traditionally, estimates of LCC have been calculated based on historical analysis of data and have used deterministic models. The concepts of probability theory can also be applied to life cycle costing, treating the costs and timings as a stochastic process. If any subjectivity is introduced into the estimates, then the uncertainty cannot be handled using the probability theory alone. The theory of fuzzy sets is a valuable tool for handling such uncertainties. In this Special Issue, a collection of 11 contributions provide an updated overview of the approaches for estimating the life cycle cost of buildings.

The construction industry is becoming increasingly aware of the need to adopt a holistic approach to the design, building, and disposal of structures. With 60 per cent of the total construction budget in most developed countries being spent on repair and maintenance, there is an obvious need to design for reliability and durability, with more carefully planned maintenance and repair schedules. One important facet is to look at how costs are distributed and spent during the lifetime of a structure: an approach known as life cycle costing, which has the ultimate aim of minimising total lifetime expenditure. As an example, choosing an inexpensive coating for steelwork may require maintenance every three years, whereas a coating which is more expensive may require repairing only once per decade. It is a question of balance - taking the lifetime costs of the structure into consideration. This new book provides an insight into how whole life costing is affecting our approach to designing, building, maintaining and disposing of structures. The book is written for consulting engineers in the fields of civil and structural engineering, building designers, architects, quantity surveyors, refurbishing specialists, as well as practising civil and structural engineers engaged in planning, design, construction, repair and refurbishment of structures.

This book proposes an economic and environmental assessment tool to help private and public building designers and owners determine the global sustainability value of green buildings from a life cycle perspective. As it demonstrates, sustainable life cycle tools for building design and construction can help to achieve successfully integrated architecture. The first part of the book defines the relationship between environmental and economic aspects in a sustainable design approach and illustrates how life cycle methodologies, including Life Cycle Assessment and Life Cycle Costing, can be applied to life cycle design. Further, it highlights methods for calculating costs from LCA data, taking into consideration both discounted cash flow and external costs. In turn, the second part of the book presents an experimental design model, the Life Cycle Design Model (LCDM), which is based on a life cycle design approach that can be used to produce two different outcomes based on two assessment levels. The first assessment level involves creating a grid, called a Design Matrix, which is useful in the design process. The second assessment level involves drawing on LCA and LCC results to develop a user-friendly tool for designers and other actors involved in the building process so that they can assess the most sustainable design option using €CO, a factor that combines the environmental and energy effects of the building system with time and costs. Selected case studies illustrate the practical application of life cycle analysis and show how reflecting the environmental impacts and costs can improve the sustainability of buildings. The LCDM represents a transdisciplinary tool for the design team and, at the same time, allows information on users’ needs and building performance to be communicated between experts and non-experts.