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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

  • Czech description

Classification

  • Type

    J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

  • CEP classification

    JN - Civil engineering

  • OECD FORD branch

Result continuities

  • Project

  • 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

  • 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

  • EID of the result in the Scopus database