Towards effective consideration of non-financial factors in the design and management of construction assets.

Kishk, Mohammed

Abstract

The decisive role of non-financial factors in the design and management of construction assets is highlighted and existing techniques used to include these factors in the decision-making process are critically reviewed. An effective algorithm has been developed to include non-monetary benefits of competing design alternatives in whole-life costing studies. The unique feature of the algorithm, amongst others, is that it proceeds through logical steps that can be followed and assessed by decision-makers. Details of the computer implementation of the algorithm are presented. The solution of a selected example problem is also included to illustrate the theory of the algorithm.

Citation

KISHK, M. 2002. Towards effective consideration of non-financial factors in the design and management of construction assets. Journal of financial management of property and construction, 7(3), pages 163-173.

• Journal Article Type: Article
• Acceptance Date: Dec 31, 2002
• Online Publication Date: Dec 31, 2002
• Publication Date: Dec 31, 2002
• Deposit Date: Apr 1, 2008
• Publicly Available Date: Apr 1, 2008
• Journal: Journal of Financial Management of Property and Construction
• Print ISSN: 1366-4387
• Electronic ISSN: 1759-8443
• Publisher: Emerald
• Peer Reviewed: Peer Reviewed
• Volume: 7
• Issue: 3
• Pages: 163-173
• Keywords: Intangibles; Life cycle costing; MCDM; Whole life costing
• Public URL: http://hdl.handle.net/10059/148