“…Further research including cost optimal solutions for the renovation of various buildings can be found in Becchio et al (2016), Bonakdar, Dodoo, andGustavsson (2014), Pikas, Kurnitskic, Liiasc, and Thalfeldt (2015), Kuusk, Kalamees, Link, Ilomets, and Mikola (2017), Stankevičius, Karbauskaitė, Burlingis, Šadauskienė, and Morkvėnas (2014). The economic analyses are mostly performed for concrete and masonry buildings, while the economic analysis of historic timber apartment buildings is discussed in Arumägi and Kalamees (2015), where comparison of the effectiveness of different renovation packages is done in terms of investment and energy costs.…”