IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v10y2018i6p1733-d149002.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/10/6/1733/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/10/6/1733/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blyth, William & Bunn, Derek, 2011. "Coevolution of policy, market and technical price risks in the EU ETS," Energy Policy, Elsevier, vol. 39(8), pages 4578-4593, August.
    2. Barry Anderson & Corrado Di Maria, 2011. "Abatement and Allocation in the Pilot Phase of the EU ETS," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(1), pages 83-103, January.
    3. Hintermann, Beat, 2010. "Allowance price drivers in the first phase of the EU ETS," Journal of Environmental Economics and Management, Elsevier, vol. 59(1), pages 43-56, January.
    4. Matthias Finkbeiner & Erwin M. Schau & Annekatrin Lehmann & Marzia Traverso, 2010. "Towards Life Cycle Sustainability Assessment," Sustainability, MDPI, vol. 2(10), pages 1-14, October.
    5. Georgiadou, Maria Christina & Hacking, Theophilus & Guthrie, Peter, 2012. "A conceptual framework for future-proofing the energy performance of buildings," Energy Policy, Elsevier, vol. 47(C), pages 145-155.
    6. Ali Bagheri & Peder Hjorth, 2007. "Planning for sustainable development: a paradigm shift towards a process-based approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 15(2), pages 83-96.
    7. Islam, Hamidul & Jollands, Margaret & Setunge, Sujeeva, 2015. "Life cycle assessment and life cycle cost implication of residential buildings—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 129-140.
    8. Kovacic, Iva & Zoller, Veronika, 2015. "Building life cycle optimization tools for early design phases," Energy, Elsevier, vol. 92(P3), pages 409-419.
    9. Roh, Seungjun & Tae, Sungho & Suk, Sung Joon & Ford, George, 2017. "Evaluating the embodied environmental impacts of major building tasks and materials of apartment buildings in Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 135-144.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wafaurahman Wafa & Amir Hamzah Sharaai & Nitanan Koshy Matthew & Sabrina Abdullah J Ho & Noor Ahmad Akhundzada, 2022. "Organizational Life Cycle Sustainability Assessment (OLCSA) for a Higher Education Institution as an Organization: A Systematic Review and Bibliometric Analysis," Sustainability, MDPI, vol. 14(5), pages 1-29, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chevallier, Julien, 2011. "Evaluating the carbon-macroeconomy relationship: Evidence from threshold vector error-correction and Markov-switching VAR models," Economic Modelling, Elsevier, vol. 28(6), pages 2634-2656.
    2. Chevallier, Julien, 2011. "A model of carbon price interactions with macroeconomic and energy dynamics," Energy Economics, Elsevier, vol. 33(6), pages 1295-1312.
    3. Jianfeng Guo & Bin Su & Guang Yang & Lianyong Feng & Yinpeng Liu & Fu Gu, 2018. "How Do Verified Emissions Announcements Affect the Comoves between Trading Behaviors and Carbon Prices? Evidence from EU ETS," Sustainability, MDPI, vol. 10(9), pages 1-17, September.
    4. Marit Klemetsen & Knut Einar Rosendahl & Anja Lund Jakobsen, 2020. "The Impacts Of The Eu Ets On Norwegian Plants’ Environmental And Economic Performance," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 1-32, February.
    5. Aatola, Piia, 2013. "Putting a Price on Carbon – Econometric Essays on the European Union Emissions Trading Scheme and its Impacts," Research Reports P62, VATT Institute for Economic Research.
    6. Parul Bhyan & Bhavna Shrivastava & Nand Kumar, 2023. "Systematic literature review of life cycle sustainability assessment system for residential buildings: using bibliometric analysis 2000–2020," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(12), pages 13637-13665, December.
    7. Jiang, Jingjing & Xie, Dejun & Ye, Bin & Shen, Bo & Chen, Zhanming, 2016. "Research on China’s cap-and-trade carbon emission trading scheme: Overview and outlook," Applied Energy, Elsevier, vol. 178(C), pages 902-917.
    8. Remes, Piia, 2013. "Putting a Price on Carbon – Econometric Essays on the European Union Emissions Trading Scheme and its Impacts," Research Reports 62, VATT Institute for Economic Research.
    9. Asproudis, Elias & Weyman-Jones, Tom, 2011. "Third parties �participation in tradable permits market. Do we need them?," MPRA Paper 28766, University Library of Munich, Germany.
    10. Maria-Eugenia Sanin & Sylvain Sourisseau, 2019. "Pervasive EUAs free allocation: the case of the steel industry," Documents de recherche 19-06, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    11. Seungjun Roh & Sungho Tae & Rakhyun Kim, 2018. "Developing a Green Building Index (GBI) Certification System to Effectively Reduce Carbon Emissions in South Korea’s Building Industry," Sustainability, MDPI, vol. 10(6), pages 1-17, June.
    12. Aatola, Piia & Ollikainen, Markku & Toppinen, Anne, 2013. "Price determination in the EU ETS market: Theory and econometric analysis with market fundamentals," Energy Economics, Elsevier, vol. 36(C), pages 380-395.
    13. Grüll, Georg & Taschini, Luca, 2011. "Cap-and-trade properties under different hybrid scheme designs," Journal of Environmental Economics and Management, Elsevier, vol. 61(1), pages 107-118, January.
    14. Wesam Salah Alaloul & Muhammad Altaf & Muhammad Ali Musarat & Muhammad Faisal Javed & Amir Mosavi, 2021. "Systematic Review of Life Cycle Assessment and Life Cycle Cost Analysis for Pavement and a Case Study," Sustainability, MDPI, vol. 13(8), pages 1-38, April.
    15. Fang, Sheng & Lu, Xinsheng & Li, Jianfeng & Qu, Ling, 2018. "Multifractal detrended cross-correlation analysis of carbon emission allowance and stock returns," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 509(C), pages 551-566.
    16. Kristina Henzler & Stephanie D. Maier & Michael Jäger & Rafael Horn, 2020. "SDG-Based Sustainability Assessment Methodology for Innovations in the Field of Urban Surfaces," Sustainability, MDPI, vol. 12(11), pages 1-32, June.
    17. Ren, Shenggang & Hu, Yucai & Zheng, Jingjing & Wang, Yangjie, 2020. "Emissions trading and firm innovation: Evidence from a natural experiment in China," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    18. Karel Struhala & Miroslav Čekon & Richard Slávik, 2018. "Life Cycle Assessment of Solar Façade Concepts Based on Transparent Insulation Materials," Sustainability, MDPI, vol. 10(11), pages 1-16, November.
    19. Johan Lilliestam & Anthony Patt & Germán Bersalli, 2022. "On the quality of emission reductions: observed effects of carbon pricing on investments, innovation, and operational shifts. A response to van den Bergh and Savin (2021)," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(3), pages 733-758, November.
    20. Yi Yao & Lixin Tian & Guangxi Cao, 2022. "The Information Spillover among the Carbon Market, Energy Market, and Stock Market: A Case Study of China’s Pilot Carbon Markets," Sustainability, MDPI, vol. 14(8), pages 1-18, April.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:10:y:2018:i:6:p:1733-:d:149002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.