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

Kishk, Mohammed

Authors

Mohammed Kishk



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.

Journal Article Type Article
Publication Date Dec 31, 2002
Journal Journal of financial management of property and construction
Print ISSN 1366-4387
Publisher New Publisher Required
Peer Reviewed Peer Reviewed
Volume 7
Issue 3
Pages 163-173
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

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