Kohler, N and Yang, W (2007) Long-term management of building stocks. Building Research & Information, 35(4), pp. 351-362. ISSN 0961-3218
Abstract
The built environment is composed of buildings, infrastructures and cultural landscapes (stocks). These man-made artefacts constitute a complex capital (natural, man-made, human, social and cultural) and its evolution is a crucial parameter in sustainable development. Their composition and dynamics can be modelled as flows or as capitals or combinations of the two. Examples of the modelling of the long-term behaviour of different types of stock are given and their behaviour is analysed and discussed. A resource economic framework is presented and strategies for two different types of stocks, old/stationary and new/expanding, are compared. The importance of institutional regimes for the long-term management of stocks and the relation to demographic and retirement finance are discussed. The long-term institutional aspects have to be taken into account to avoid dramatic losses of economic, social and cultural capitals in the coming decades.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | asset management; building stock; refurbishment; renovation; resource economy; sustainable development |
| Index terms: | evolution, modelling, building stock, renovation, built environment, asset management, sustainable development, artefact, strategy, dynamics, cultural landscape |
| Subjects: | sociology, health safety and environment, management, renovation and retrofit, environmental science, analytical methods, systems engineering, infrastructure and transport systems, asset management, urban design |
| Topics: | Urban Studies, Health and Safety, Sustainability, Engineering Principles, Research Practice, Business Strategy |
| Descriptive scope: | 2 PC |
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