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Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems (Includes all amendments And changes 12/31/2010).
Automatically translated name:
Standard Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems
STANDARD published on 1.4.2007
Designation standards: ASTM E1369-07e1
Note: WITHDRAWN
Publication date standards: 1.4.2007
SKU: NS-41527
The number of pages: 15
Approximate weight : 45 g (0.10 lbs)
Country: American technical standard
Category: Technical standards ASTM
Keywords:
economic, building, investment, coefficient, analysis, simulation, ICS Number Code 91.010.20 (Contractual aspects)
| 1. Scope | ||||||||||||||||||||||
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1.1 This guide covers techniques for treating uncertainty in input values to an economic analysis of a building investment project. It also recommends techniques for evaluating the risk that a project will have a less favorable economic outcome than what is desired or expected. 1.2 The techniques include breakeven analysis, sensitivity analysis, risk-adjusted discounting, the mean-variance criterion and coefficient of variation, decision analysis, and simulation. 1.3 The techniques can be used with economic methods that measure economic performance, such as life-cycle cost analysis, net benefits, the benefit-to-cost ratio, internal rate of return, and payback. |
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| 2. Referenced Documents | ||||||||||||||||||||||
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