Towards effective consideration of non-financial factors in the design and management of construction assets.
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.
|Journal Article Type||Article|
|Publication Date||Dec 31, 2002|
|Journal||Journal of financial management of property and construction|
|Publisher||New Publisher Required|
|Peer Reviewed||Peer Reviewed|
|Institution 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.|
|Keywords||Intangibles; Life cycle costing; MCDM; Whole life costing|
KISHK 2002 Towards effective consideration
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