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

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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
    Department of Architecture & Architectural Engineering, Hanyang University, 55 Hanyangdaehak-ro, Sangnok-gu, Ansan 15588, Korea)

  • Rakhyun Kim

    (Architectural Engineering, Hanyang University, 55 Hanyangdaehak-ro, Sangnok-gu, Ansan 15588, Korea)

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.

Suggested Citation

  • Seungjun Roh & Sungho Tae & Rakhyun Kim, 2018. "Development of a Streamlined Environmental Life Cycle Costing Model for Buildings in South Korea," Sustainability, MDPI, vol. 10(6), pages 1-15, May.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:6:p:1733-:d:149002
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    References listed on IDEAS

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