Standard Guide for Selecting Economic Methods for Evaluating Investments in Buildings and Building Systems (Includes all amendments and changes 5/6/2020).Translate name
STANDARD published on 1.4.2020
Designation standards: ASTM E1185-15(2020)e1
Publication date standards: 1.4.2020
The number of pages: 5
Approximate weight : 15 g (0.03 lbs)
Country: American technical standard
Category: Technical standards ASTM
adjusted internal rate of return, benefit-cost analysis, building economic methods, budget limitation, cost effectiveness, design decision, economic analysis, life-cycle costing, net savings, payback, project evaluation, ranking, savings-to-investment ratio, uncertainty,, ICS Number Code 91.010.20 (Contractual aspects)
|Significance and Use|
4.1 Standard practices for measuring the economic performance of investments in buildings and building systems have been published by ASTM. A computer program that produces economic measures consistent with these practices is available.4.2 This guide can be used to: (4.3 More than one method can be technically appropriate for many building decisions. Therefore the choice in practice of which technically appropriate economic method to use for evaluating a particular building decision will often depend on the perspective of the user. Some examples of factors that influence the user are: (1) ease of applying the methods, (4.4 This guide identifies some features and limitations of the methods that might influence users' choices under varying conditions.
1.1 This guide identifies types of building design and building system decisions that require economic analysis and recommends ASTM practices, adjuncts, and computer programs that may be used to implement the appropriate economic methods for each decision type.
1.2 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.
|2. Referenced Documents|
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