Next Article in Journal
The Approach of SMEs to Using the Customer Databases and CRM: Empirical Study in the Slovak Republic
Next Article in Special Issue
Application of Reliability Analysis for Risk Ranking in a Levee Reconstruction Project
Previous Article in Journal
Multiple Facets of Migration Research: Key Questions, Topics, and Avenues yet to Be Explored
Previous Article in Special Issue
A Critical Design Structure Method for Project Schedule Development under Rework Risks
Open AccessArticle

Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings under Conditions of Exposure to Risk

1
Faculty of Civil Engineering, Cracow University of Technology, 31-155 Krakow, Poland
2
Faculty of Civil and Environmental Engineering, Poznan University of Technology, 60-965 Poznan, Poland
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(1), 226; https://doi.org/10.3390/su12010226
Received: 4 December 2019 / Revised: 22 December 2019 / Accepted: 23 December 2019 / Published: 26 December 2019
(This article belongs to the Special Issue Sustainability and Risks in Construction Management)
The paper discusses issues related to life cycle costs in construction. Life cycle cost is a key element in the assessment of environmental sustainability in construction and it provides a tool for the economic evaluation of alternative sustainability options exhibiting different capital, operating costs or resource usage. The authors reviewed selected models of estimating life cycle costs in construction, drew attention to the complex mathematical models developed so far, namely those which take into account only financial risks and those which involve the possibility of the influence of other risk factors and described the main assumptions accompanying the original model for estimating the whole life costs of buildings, including: reasons for choosing theory of possibility, division and parametrization of input data. The aim of this paper is to confirm the validity of the model structure assumptions adopted by the authors by comparing the originally selected fuzzy approach to calculating life cycle costs taking into account the risk with the probabilistic approach, as well as indicating the domain in which the probabilistic approach will complement the fuzzy approach chosen by the authors. The paper presents a comparison analysis of two approaches used in the authors’ model, a fuzzy and a probabilistic approach, recommended by the ISO standard 15686-5:2008. The authors used the Oracle Crystall Ball software in their simulations. View Full-Text
Keywords: life cycle costs; whole life costs; risk; cost addition for risk; probabilistic approach; fuzzy approach; certainty level; buildings life cycle costs; whole life costs; risk; cost addition for risk; probabilistic approach; fuzzy approach; certainty level; buildings
Show Figures

Figure 1

MDPI and ACS Style

Plebankiewicz, E.; Meszek, W.; Zima, K.; Wieczorek, D. Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings under Conditions of Exposure to Risk. Sustainability 2020, 12, 226. https://doi.org/10.3390/su12010226

AMA Style

Plebankiewicz E, Meszek W, Zima K, Wieczorek D. Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings under Conditions of Exposure to Risk. Sustainability. 2020; 12(1):226. https://doi.org/10.3390/su12010226

Chicago/Turabian Style

Plebankiewicz, Edyta; Meszek, Wiesław; Zima, Krzysztof; Wieczorek, Damian. 2020. "Probabilistic and Fuzzy Approaches for Estimating the Life Cycle Costs of Buildings under Conditions of Exposure to Risk" Sustainability 12, no. 1: 226. https://doi.org/10.3390/su12010226

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop