Life cycle costing methodology for sustainable commerical office buildings

The need for a more authoritative approach to investment decision-making and cost control has been a requirement of office spending for many years now. The commercial offices find itself in an increasingly demanding position to allocate its budgets as wisely and prudently as possible. The significant percentage of total spending on buildings demands a more accurate and adaptable method of achieving quality of service within the constraints on the budgets. By adoption of life cycle costing techniques with risk management, practitioners have the ability to make accurate forecasts of likely future running costs. This thesis presents a novel framework (Artificial Neural Networks and probabilistic simulations) for modelling of operating and maintenance historical costs as well as economic performance measures of LCC. The methodology consisted of eight steps and presented a novel approach to modelling the LCC of operating and maintenance costs of two sustainable commercial office buildings. Finally, a set of performance measurement indicators were utilised to draw inference from these results. Therefore, the contribution that this research aimed to achieve was to develop a dynamic LCC framework for sustainable commercial . . . (continues)