Life cycle cost analysis of commercial buildings with energy efficient approach

Kale, Nilima N.; Joshi, Deepa; Menon, Radhika

doi:10.1016/j.pisc.2016.04.102

Cited by 36 publications

(16 citation statements)

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“…Life-cycle cost analysis (LCCA) is a method for assessing the total cost of system/facility or equipment ownership [17,18,19]. It takes into account all costs of acquiring, operating, maintaining and disposing of a system.…”

Section: Life Cycle Cost Analysismentioning

confidence: 99%

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Determination of Monthly Unit Cost of Energy for Standalone Photovoltaic System in Owerri, Imo State

Anthony¹

2017

AJMIE

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Abstract:In this paper, simulation approach is used for determination of the monthly unit cost of energy generated from standalone PV (SAPV) power system in Imo State. The meteorological data used in the study are compiled from National Aeronautics and Space Administration (NASA) worldwide meteorological database. The meteorological data include 22-year monthly and annual averaged insolation incident on a horizontal surface (kwh/m2/day) and 22-year monthly averaged air temperature. A hypothetical electric load demand data of 5000 kWh per day is used for the simulation. The PVsyst industrial PV system planning software solution was selected to model and simulate the entire PV system. PVSyst uses life cycle cost analysis approach to determine the investment cost and unit cost of energy generated from SAPV system. According to the results, the average total energy supplied to the user (load) in a year is 1751 kWh. The economic analysis result shows that the total annual cost of energy is 246760 Naira per year at a unit cost of 141 Naira per kWh. Also, the highest unit cost of energy of 168.6 Naira/ kWh occurred in August whereas the lowest unit cost of energy of 132.7 Naira/ kWh occurred in October. The idea presented in this paper is useful for smart grid, dynamic energy pricing and energy cost management system.

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Section: Life Cycle Cost Analysismentioning

confidence: 99%

“…It takes into account all costs of acquiring, operating, maintaining and disposing of a system. Analyzing costs over the life of a facility or equipment is key to understanding return on investment and to making investment decisions based on true costs versus initial costs [17,18,19].…”

Section: Life Cycle Cost Analysismentioning

confidence: 99%

Determination of Monthly Unit Cost of Energy for Standalone Photovoltaic System in Owerri, Imo State

Anthony¹

2017

AJMIE

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“…Cost and their high plays a significant role during the whole life cycle of building. The Life Cycle Cost (LCC) analysis gives an approach to determine a whole cost of a building during the whole life cycle [7], [8], like an investment, operational and maintenance costs, and costs of demolition [8].…”

Section: Introductionmentioning

confidence: 99%

IoT in buildings and optimization of energy consumption

Štěpán¹,

Prostejovska²

2020

BIT

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“…The person considered to be the precursor of the life cycle costing techniques is Peter Albert Stone whose publication (Stone, 1967) concerned the adaptation of the LCC concept but only to the costs associated with the use and maintenance of the building, namely, to the cost in use. Attempts from the 80s of the twentieth century to adapt the concept of life cycle cost to all types of costs (including initial costs and costs of withdrawal) that may occur in the life cycle of a building investment led to an increase in operating costs, particularly these related to the use of energy during the operation of a building (Sterner, 2002;Kale, Joshi, & Menon, 2016;Koo, Hong, & Park, 2018).…”

Section: Introductionmentioning

confidence: 99%

Model Estimation of the Whole Life Cost of a Building With Respect to Risk Factors

Wieczorek

Plebankiewicz

Zima

2019

Technological and Economic Development of Economy

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The paper deals with estimating the life cycle cost and the whole life cost of a building. An original model for estimating the life cycle cost and the whole life cost of a building which allows the quantification of the increase in costs resulting from the incurred and assessed risk is presented. The proposed model consists of two basic parts: module I evaluating the impact of identified risk factors on individual element of the life cycle cost, and module II allowing to assess life cycle cost including the risk factors selected in module I. In module I the model of fuzzy inference of Mamdani was used. The structure of module II is based on the theory of possibilities and fuzzy sets. The operation of the model is presented on the example of an office building.

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Life cycle cost analysis of commercial buildings with energy efficient approach

Cited by 36 publications

References 0 publications

Determination of Monthly Unit Cost of Energy for Standalone Photovoltaic System in Owerri, Imo State

Determination of Monthly Unit Cost of Energy for Standalone Photovoltaic System in Owerri, Imo State

IoT in buildings and optimization of energy consumption

Model Estimation of the Whole Life Cost of a Building With Respect to Risk Factors

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