Development of a Streamlined Environmental Life Cycle Costing Model for Buildings in South Korea

Seungjun Roh, Sungho Tae and Rakhyun Kim
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Seungjun Roh: Sustainable Building Research Center, Hanyang University, 55 Hanyangdaehak-ro, Sangnok-gu, Ansan 15588, Korea
Sungho Tae: Sustainable Building Research Center, Hanyang University, 55 Hanyangdaehak-ro, Sangnok-gu, Ansan 15588, Korea
Rakhyun Kim: Architectural Engineering, Hanyang University, 55 Hanyangdaehak-ro, Sangnok-gu, Ansan 15588, Korea

Sustainability, 2018, vol. 10, issue 6, 1-15

Abstract: In the building construction industry, simultaneous and integrated evaluation of a building’s environmental and economic performance in the early planning stage greatly facilitates stakeholders’ decision-making for sustainable building construction. This study aimed to develop a streamlined Environmental Life Cycle Costing (ELCC) model for buildings, applicable to the early planning stage of construction projects. To this end, we selected three of the private cost-related life cycle cost categories that are determinants of stakeholders’ decision-making in the early planning stage of construction and extracted 10 major building materials that account for over 95% of the total direct construction cost. Then, we developed a streamlined ELCC model for buildings by combining the monetary value-based life cycle analysis model, KOLID (Korean Life Cycle Impact Assessment Method Based on Damage-Oriented Modeling), and the present worth method. Finally, we conducted a case study to empirically verify the applicability of the proposed model.

Keywords: streamlined environmental life cycle costing; life cycle sustainability assessment; building; private cost; external cost (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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