Paper Conference

Proceedings of Building Simulation 2011: 12th Conference of IBPSA


Multi-period optimization of building refurbishment decisions: Assessing options and risk under economic uncertainty

Adam Rysanek, Ruchi Choudhary

Abstract: This paper presents the first results of a sequential modelling engine developed for the rapid, exhaustive simulation of building retrofit options spanning multiple investment periods and varying economic conditions. An illustrative case study shows how the overall model can be used to generate correlations between return-oninvestment, initial capital cost, and risk, while also verifying if greenhouse gas emissions reduction targets can be upheld.
Pages: 2447 - 2454