Arja, M; Sauce, G and Souyri, B (2009) External uncertainty factors and LCC: A case study. Building Research & Information, 37(3), pp. 325-334. ISSN 0961-3218
Abstract
Life cycle cost (LCC) is a significant consideration in any decision-making process. Although a body of knowledge exists on LCC in construction, little exists on the uncertainties during the operational period. A case study of French high-rise social housing is examined to identify some factors causing uncertainty. The historical data from these buildings are analysed to estimate the impact of some external factors (functional changes, technological changes, and regulatory changes) on the life cycle cost. New formulae for integrating this impact into the calculation of LCC are proposed and cost indicators are suggested for the LCC evaluation of similar buildings. The findings are a step towards a higher level of reliability in LCC evaluation taking account of some usually unexpected uncertainty factors.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | asset management; building maintenance; facilities management; housing; life cycle costing; time; uncertainty |
| Index terms: | operational period, technological change, social housing, body of knowledge, estimate, costing, facilities management, housing, case study, building maintenance, decision-making process, life cycle, asset management, life cycle cost |
| Subjects: | decision analysis, asset management, housing and residential development, research methods, accounting and finance, management, project delivery, financial and cost management, knowledge management, innovation studies, value management, data collection methods, construction type |
| Topics: | Urban Studies, Information Management, Research Practice, Project Management, Cost Management, Business Strategy, Construction Technology, Risk Management |
| Descriptive scope: | 3 PCE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here