Life Cycle Cost optimization within decision making on alternative designs of public buildings
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F14%3A00224428" target="_blank" >RIV/68407700:21110/14:00224428 - isvavai.cz</a>
Result on the web
<a href="http://www.sciencedirect.com/science/article/pii/S1877705814019389" target="_blank" >http://www.sciencedirect.com/science/article/pii/S1877705814019389</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.proeng.2014.10.572" target="_blank" >10.1016/j.proeng.2014.10.572</a>
Alternative languages
Result language
angličtina
Original language name
Life Cycle Cost optimization within decision making on alternative designs of public buildings
Original language description
The purpose of this paper is to highlight the role of the life cycle cost criterion in deciding on the proposals of construction projects. Owners commonly use construction cost minimization. In order to achieve the maximum value for money all costs incurred over the whole life span must be evaluated. The optimization of the life-cycle cost of a project, construction, and equipment is essential for a complex decision-making process. Then, the solution with the minimum value of the life-cycle cost can bechosen. Life cycle costing (LCC) is a method of economic analyzing of all costs related to constructing, operating, and maintaining a construction project over a defined period of time. Having the costs and savings we can then directly compared these areas and be fully informed when decisions are made. Nevertheless, LCC is not commonly applied to construction projects in Europe or USA. The greatest benefit of life cycle costing can be obtained in the initiation phase of construction proj
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
JN - Civil engineering
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Procedia Engineering
ISSN
1877-7058
e-ISSN
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Volume of the periodical
2014
Issue of the periodical within the volume
85
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
10
Pages from-to
454-463
UT code for WoS article
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EID of the result in the Scopus database
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