EconPapers    
Economics at your fingertips  
 

Key Performance Indicators for Evaluation of Commercial Building Retrofits: Shortlisting via an Industry Survey

Man Ying (Annie) Ho, Joseph H. K. Lai, Huiying (Cynthia) Hou and Dadi Zhang
Additional contact information
Man Ying (Annie) Ho: Department of Building Environment and Energy Engineering, The Hong Kong Polytechnic University, Hong Kong 999077, China
Joseph H. K. Lai: Department of Building Environment and Energy Engineering, The Hong Kong Polytechnic University, Hong Kong 999077, China
Huiying (Cynthia) Hou: Department of Building Environment and Energy Engineering, The Hong Kong Polytechnic University, Hong Kong 999077, China
Dadi Zhang: Faculty of Architecture and the Built Environment, Delft University of Technology, 2628 BL Delft, The Netherlands

Energies, 2021, vol. 14, issue 21, 1-30

Abstract: Key performance indicators (KPIs) are quintessentially useful for performance evaluation, but a set of pragmatic KPIs for holistic evaluation of retrofits for commercial buildings is hitherto unavailable. This study was conducted to address this issue. Built upon the findings of a systematic literature review and a focus group meeting in the earlier stages of the study, a questionnaire survey covering 19 KPIs for environmental (embracing energy), economic, health and safety, and users’ perspective evaluations of building retrofits was developed. Data of the survey, collected from facility management (FM) practitioners in Hong Kong, underwent a series of statistical analyses, including Kruskal–Wallis H test, Mann–Whitney U test, and Spearman Rank Correlation. The analysis results revealed the levels of importance of KPIs perceived by different groups of FM practitioners and the rankings of KPIs. Based upon these results, eight KPIs were shortlisted, which are energy savings, payback period, investment cost, actual-to-target ratio of the number of statutory orders removed, actual-to-target ratio of the number of accidents reduced, target indoor air temperature, target indoor air quality (IAQ) class, and target workplane illuminance. These KPIs serve as keystones for further development of an analytic evaluation scheme for commercial building retrofit performance assessment. The methodology of this study can also serve as a reference for similar KPI studies in other research domains.

Keywords: facility management; KPI; refurbishment; renovation; retrofit; survey (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/1996-1073/14/21/7327/pdf (application/pdf)
https://www.mdpi.com/1996-1073/14/21/7327/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:14:y:2021:i:21:p:7327-:d:672117

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2025-03-19
Handle: RePEc:gam:jeners:v:14:y:2021:i:21:p:7327-:d:672117