2019
DOI: 10.2478/ace-2019-0026
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Original Model for Estimating the Whole Life Costs of Buildings and its Verification

Abstract: The model for estimating the whole life costs of the building life cycle that allows the quantification of the risk addition lets the investor to compare buildings at the initial stage of planning a construction project in terms of the following economic criteria: life cycle costs (LCC), whole life costs (WLC), life cycle equivalent annual costs (LCEAC) and cost addition for risk (ΔRLCC). The subsequent stages of the model development have been described in numerous publications of the authors, while the aim o… Show more

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Cited by 23 publications
(27 citation statements)
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“…As indicated in the authors' publications [20,22], in the model for estimating the whole life costs of buildings allowing quantification of the cost allowance for risk, the fuzzy set theory is combined with a method used to analyze the economic efficiency of construction projects based on discounted cash flows (dCF). This is the net present worth method (NPW), which in the model for estimating the whole life costs of buildings is applicable in a fuzzy version (the fuzzy NPW method).…”
Section: Main Assumptions Of the Modelmentioning
confidence: 99%
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“…As indicated in the authors' publications [20,22], in the model for estimating the whole life costs of buildings allowing quantification of the cost allowance for risk, the fuzzy set theory is combined with a method used to analyze the economic efficiency of construction projects based on discounted cash flows (dCF). This is the net present worth method (NPW), which in the model for estimating the whole life costs of buildings is applicable in a fuzzy version (the fuzzy NPW method).…”
Section: Main Assumptions Of the Modelmentioning
confidence: 99%
“…Figure 1 presents the basic set of membership functions of fuzzy numbers (functions with line segment graph) for the input data without risk (Figure 1a), for discount rate (Figure 1b) and for temporal parameters TG and TL, and for financial FC and FI where the impact of risk on the amount of the parameter concerned will be taken into account (Figure 1c,d). The possibilities of using alternative sets of fuzzy number membership functions are described by [22].…”
Section: Division and Parameterization Of Input Data To The Modelmentioning
confidence: 99%
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“…However, the article takes into account an interesting approach of authors such as Nowogońska [ 8 , 9 ], Saleh [ 14 , 15 ], Frangopol [ 22 ], Silva [ 23 ] and Plebankiewicz [ 24 , 25 ], which was published in recent years. It considers the entire life cycle of a building object, even after exceeding its assumed durability, up to the so-called technical death of the building.…”
Section: Introductionmentioning
confidence: 99%