IDEAS home Printed from https://ideas.repec.org/a/taf/conmgt/v32y2014i12p1183-1204.html
   My bibliography  Save this article

Key performance indicators for facility performance assessment: simulation of core indicators

Author

Listed:
  • Sarel Lavy
  • John A. Garcia
  • Phil Scinto
  • Manish K. Dixit

Abstract

Assessing a facility's performance is important for measuring its contribution towards organizational goals. Among many approaches to performance assessment is the holistic key performance indicator (KPI) approach. However, there are numerous KPIs available, and the chosen KPI needs to be relevant to facility goals and must be calculated, analysed and evaluated to allow for the future state of the facility to be acceptable at the lowest cost. The value of several key descriptive analytics in facility performance assessment may be enhanced through the use of simulation. Simulation transforms the descriptive analytics into predictive and prescriptive analytics by allowing for the robust assessment of plans and future outcomes through the creation of multiple scenarios, in this case, for an education facility. The simulation approach quantifies the interrelationship and interdependence of KPIs, and is potentially effective in analysing how maintenance expenditures can be optimized to maintain a desired level of Condition Index as demonstrated by several simulation scenarios.

Suggested Citation

  • Sarel Lavy & John A. Garcia & Phil Scinto & Manish K. Dixit, 2014. "Key performance indicators for facility performance assessment: simulation of core indicators," Construction Management and Economics, Taylor & Francis Journals, vol. 32(12), pages 1183-1204, December.
    • Handle: RePEc:taf:conmgt:v:32:y:2014:i:12:p:1183-1204
    DOI: 10.1080/01446193.2014.970208
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01446193.2014.970208
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01446193.2014.970208?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Raul Berto & Carlo Antonio Stival & Paolo Rosato, 2020. "An Integrated Procedure for Ex-Ante Evaluations of Refurbishment Costs in Healthcare Facilities," Sustainability, MDPI, vol. 12(18), pages 1-29, September.
    2. Marzouk, Mohamed & Seleem, Noreihan, 2018. "Assessment of existing buildings performance using system dynamics technique," Applied Energy, Elsevier, vol. 211(C), pages 1308-1323.
    3. Jonghyeob Kim & Jae-Goo Han & Goune Kang & Kyung-Ho Chin, 2021. "Framework of Prediction Model for Mid- to Long-Term Performance Changes of Urban Railway Facilities Based on Performance Evaluation Reports," Sustainability, MDPI, vol. 13(23), pages 1-11, December.

    More about this item

    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:taf:conmgt:v:32:y:2014:i:12:p:1183-1204. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RCME20 .

    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.