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Decision support model for establishing the optimal energy retrofit strategy for existing multi-family housing complexes

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  • Hong, Taehoon
  • Koo, Choongwan
  • Kim, Hyunjoong
  • Seon Park, Hyo

Abstract

The number of multi-family housing complexes (MFHCs) over 15yr old in South Korea is expected to exceed 5 million by 2015. Accordingly, the demand for energy retrofit in the deteriorating MFHCs is rapidly increasing. This study aimed to develop a decision support model for establishing the optimal energy retrofit strategy for existing MFHCs. It can provide clear criteria for establishing the carbon emissions reduction target (CERT) and allow efficient budget allocation for conducting the energy retrofit. The CERT for “S” MFHC, one of MFHCs located in Seoul, as a case study, was set at 23.0% (electricity) and 27.9% (gas energy). In the economic and environmental assessment, it was determined that scenario #12 was the optimal scenario (ranked second with regard to NPV40 (net present value at year 40) and third with regard to SIR40 (saving to investment ratio at year 40). The proposed model could be useful for owners, construction managers, or policymakers in charge of establishing energy retrofit strategy for existing MFHCs. It could allow contractors in a competitive bidding process to rationally establish the CERT and select the optimal energy retrofit strategy. It can be also applied to any other country or sector in a global environment.

Suggested Citation

  • Hong, Taehoon & Koo, Choongwan & Kim, Hyunjoong & Seon Park, Hyo, 2014. "Decision support model for establishing the optimal energy retrofit strategy for existing multi-family housing complexes," Energy Policy, Elsevier, vol. 66(C), pages 157-169.
    • Handle: RePEc:eee:enepol:v:66:y:2014:i:c:p:157-169
    DOI: 10.1016/j.enpol.2013.10.057
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    Cited by:

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    5. Seo, Dong-yeon & Koo, Choongwan & Hong, Taehoon, 2015. "A Lagrangian finite element model for estimating the heating and cooling demand of a residential building with a different envelope design," Applied Energy, Elsevier, vol. 142(C), pages 66-79.
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    8. Kim, Jimin & Hong, Taehoon & Jeong, Jaemin & Koo, Choongwan & Jeong, Kwangbok, 2016. "An optimization model for selecting the optimal green systems by considering the thermal comfort and energy consumption," Applied Energy, Elsevier, vol. 169(C), pages 682-695.
    9. Koo, Choongwan & Hong, Taehoon & Kim, Jimin & Kim, Hyunjoong, 2015. "An integrated multi-objective optimization model for establishing the low-carbon scenario 2020 to achieve the national carbon emissions reduction target for residential buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 410-425.
    10. Fabrizio M. Amoruso & Min-Hee Sonn & Soyeon Chu & Thorsten Schuetze, 2021. "Sustainable Building Legislation and Incentives in Korea: A Case-Study-Based Comparison of Building New and Renovation," Sustainability, MDPI, vol. 13(9), pages 1-41, April.
    11. Jeong, Jaewook & Hong, Taehoon & Ji, Changyoon & Kim, Jimin & Lee, Minhyun & Jeong, Kwangbok & Koo, Choongwan, 2017. "Improvements of the operational rating system for existing residential buildings," Applied Energy, Elsevier, vol. 193(C), pages 112-124.
    12. Kim, Jimin & Hong, Taehoon & Jeong, Jaemin & Lee, Myeonghwi & Koo, Choongwan & Lee, Minhyun & Ji, Changyoon & Jeong, Jaewook, 2016. "An integrated multi-objective optimization model for determining the optimal solution in the solar thermal energy system," Energy, Elsevier, vol. 102(C), pages 416-426.
    13. Jeong, Jaewook & Hong, Taehoon & Ji, Changyoon & Kim, Jimin & Lee, Minhyun & Jeong, Kwangbok & Koo, Choongwan, 2017. "Development of a prediction model for the cost saving potentials in implementing the building energy efficiency rating certification," Applied Energy, Elsevier, vol. 189(C), pages 257-270.
    14. Murto, P. & Jalas, M. & Juntunen, J. & Hyysalo, S., 2019. "Devices and strategies: An analysis of managing complexity in energy retrofit projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 114(C), pages 1-1.
    15. Lee, Minhyun & Hong, Taehoon & Yoo, Hyunji & Koo, Choongwan & Kim, Jimin & Jeong, Kwangbok & Jeong, Jaewook & Ji, Changyoon, 2017. "Establishment of a base price for the Solar Renewable Energy Credit (SREC) from the perspective of residents and state governments in the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 1066-1080.
    16. Koo, Choongwan & Hong, Taehoon & Lee, Minhyun & Seon Park, Hyo, 2014. "Development of a new energy efficiency rating system for existing residential buildings," Energy Policy, Elsevier, vol. 68(C), pages 218-231.
    17. Ofosu-Adarkwa, Jeffrey & Xie, Naiming & Javed, Saad Ahmed, 2020. "Forecasting CO2 emissions of China's cement industry using a hybrid Verhulst-GM(1,N) model and emissions' technical conversion," Renewable and Sustainable Energy Reviews, Elsevier, vol. 130(C).

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