Net Present Value Method: A Method Recommended by ISO 15686-5 for Economic Evaluation of Building Life Cycle Costs - World Journal of Engineering and Technology

WJET > Vol.10 No.2, May 2022

World Journal of Engineering and Technology

Volume 10, Issue 2 (May 2022)

ISSN Print: 2331-4222 ISSN Online: 2331-4249

Google-based Impact Factor: 0.80 Citations

Net Present Value Method: A Method Recommended by ISO 15686-5 for Economic Evaluation of Building Life Cycle Costs ()

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Download as PDF (Size: 240KB) PP. 224-229

DOI: 10.4236/wjet.2022.102013 233 Downloads 1,452 Views

Author(s)

Hao Xie^1*, Qiao Cui², Yang Li^2*

Affiliation(s)

¹Department of Architecture, College of Jangho Architecture, Northeastern University, Shenyang, China.
²Department of Urban Planning, College of Jangho Architecture, Northeastern University, Shenyang, China.

ABSTRACT

The publication of ISO 15686-5 is significant for studies related to the life-cycle costs of buildings. Among the many economic evaluation methods, the NPV method is recommended for use by this standard. This study explains the concept and method of PV, and then provides an explanation of the concept and method of NPV, and points out the limitations in the practical application of the method.

KEYWORDS

NPV, ISO 15686-5, Building, Life Cycle Cost, Economic Evaluation

Share and Cite:

Xie, H. , Cui, Q. and Li, Y. (2022) Net Present Value Method: A Method Recommended by ISO 15686-5 for Economic Evaluation of Building Life Cycle Costs. World Journal of Engineering and Technology, 10, 224-229. doi: 10.4236/wjet.2022.102013.

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