| Title |
A Case Study for life Cycle Cost Prediction and Replacement Strategy of A Neighborhood Office Building Using Simulation Model |
| Abstract |
This paper develops a simulation model to predict life cycle costs for a neighborhood office building which incorporates capital, operation, and maintenance costs. The simulation model makes it possible to explore the risk implications for life cycle costs by varying key parameters which have displayed variability in the past. Historical records and experts' knowledge play an important role in this model. the resulting model can be used for risk analysis involved in life cycle costing of buildings and be applied for establishing maintenance and replacement strategies. |