Life-cycle cost design methods and tools
Abstract: Life cycle economics is the only way to control individual buildings and
real estates over long terms. VTT, in co-operation with two consulting firms
has developed a systematic way to apply life-cycle economics on different
stages of building design. This model has been presented in this paper. It is
based on investment costs modified to annual costs, yearly maintenance
costs, renovation costs modified to annual costs as well as on an analysis of
benefits like incomes, effects on quality, and other nonqualified factors.
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Class: class.economic (0.055798)
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Permission to reproduce these papers has been graciously provided by the Research Press of the National Research Council of Canada. The support of the editors, particularly Dr. Dana Vanier, is gratefully appreciated.